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Expect 8% GDP growth in FY17 on back of good monsoon: Shaktikanta Das

Expect 8% GDP growth in FY17 on back of good monsoon: Shaktikanta Das

India is expected to clock a GDP growth of nearly 8 percent this fiscal on the back of good monsoon rains, Economic Affairs Secretary Shaktikanta Das said on Saturday.

'India can recast global narrative; needs 8-10% growth'

'India can recast global narrative; needs 8-10% growth'

India has a hugely "unfulfilled potential" and is uniquely positioned to "recast the global narrative", requiring 8-10 percent growth rate over 20 years so as to reduce the per capita income gap with the likes of China, Singapore Deputy Prime Minister Tharman Shanmugaratnam.

Morgan Stanley revises up India's growth estimate to 7.7%

Morgan Stanley revises up India's growth estimate to 7.7%

Morgan Stanley on Monday revised upwards its India growth estimate for this year to 7.7 percent from 7.5 percent earlier, because of "positive surprises" in the macro data.

Brexit consequences: India well prepared to deal with it, says FM Jaitley

Brexit consequences: India well prepared to deal with it, says FM Jaitley

Exuding confidence on India's ability to tackle with the fall out of Brexit, Finance Minister Arun Jaitley on Friday said government will aim to smoothen volatility and minimise Brexit impact on the economy in the short-term.

India set to contribute as new engine of global growth: PM Modi

India set to contribute as new engine of global growth: PM Modi

Modi said as India marches ahead on the path of development, it needs to learn from the America experience, in particular its entrepreneurship, technological advancement and products which ranges from drugs to drones.

Govt making efforts to reduce discrepancies in GDP data: Anant

Admitting to "discrepancies" in the GDP data, which soared to Rs 2.14 lakh crore in 2015-16 or up to 1.9 percent, Chief Statistician TCA Anant on Friday said the government is making efforts to minimise them.

Skill India Mission: Kaushal Bharat Kushal Bharat

India will develop in real terms only when its social indicators point to reduction in poverty and improvements in living standards.

As China slows down, India can be a very powerful driver: FM

As China slows down, India can be a very powerful driver: FM

Jaitley, who is on a six-day investor-wooing visit to Japan, however, said no one country can really replace another because the world has enough space for major economies to emerge.

'GDP growth rate to be lower than CSO's forecast of 7.6% in FY16'

'GDP growth rate to be lower than CSO's forecast of 7.6% in FY16'

The agency said it expects the growth rate for last quarter of 2015-16 at 7.4 percent, which translates into the 2015-16 GDP growth of 7.5 percent.

 Growth recovery in India becoming more broad-based: Morgan

Growth recovery in India becoming more broad-based: Morgan

Growth recovery in Indian economy is becoming more 'broad-based' with rise in public sector capital expenditure and foreign direct investment, says a Morgan Stanley report.

India well-placed to maintain high growth despite drought, external pressures: UN analysts

India well-placed to maintain high growth despite drought, external pressures: UN analysts

In a world economy still ensnared in a low-growth trap, India is well-placed to maintain its high growth rate despite the drought and the external pressures, according to UN analysts.

Raghuram Rajan says taking steps to ''firewall'' economy

Raghuram Rajan says taking steps to ''firewall'' economy

In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high.

Indian economy projected to grow 7.3% in 2016: UN report

Indian economy projected to grow 7.3% in 2016: UN report

India's economy, which accounts for over 70 percent of South Asia's GDP, had grown by about 7.2 percent in 2015.

Beef ban, prohibition hurting economy: Adi Godrej

Beef ban, prohibition hurting economy: Adi Godrej

Voicing his opinion against prohibition and beef ban in the country, Adi Godrej, chairman of the Godrej Group has said that these government policies hurt the economy.

IMF retains India growth forecast at 7.5% for 2016, 2017

IMF retains India growth forecast at 7.5% for 2016, 2017

The report noted that policymakers should capitalise on the favourable economic momentum to speed up the structural reform implementation.

Strong Indian growth to push up Asian economy to 5.7%: ADB

Strong Indian growth to push up Asian economy to 5.7%: ADB

Asian Development Bank (ADB) President Takehiko Nakao today said strong GDP expansion in some of the countries, including India, is expected to push up Asia's economic growth rate to 5.7 percent in 2016.

India's growth to reach 7.8% in 2016: Nomura

India's GDP growth is likely to recover to 7.8 percent this year due to higher public capex, upcoming pay commission awards and a normal monsoon.

Current growth rate reflects hard work of government: Raghuram Rajan

Current growth rate reflects hard work of government: Raghuram Rajan

RBI Governor Raghuram Rajan said that RBI has offered all help to Bank bureau in reforms.

Global economic situation grim, worrisome: Jaitley

Global economic situation grim, worrisome: Jaitley

The global economic situation is "grim" and "worrisome" and that has prompted the nations to put up "firewalls" around their own systems to save themselves from the slowdown and grow within the limitations, Finance Minister Arun Jaitley has said.

India has its hands full in implementing key reforms: Jaitley

India has its hands full in implementing key reforms: Jaitley

India has its "hands full" in bringing about structural changes and implementing key reforms to boost economic growth, Finance Minister Arun Jaitley has said and hoped that the country will be able to improve its growth this year from the 7.6 percent achieved last fiscal.