Strong recovery in FY17 on consumption boost: Morgan Stanley

Strong recovery in FY17 on consumption boost: Morgan Stanley

With both real interest rate in the positive arena and inflation under check, private consumption is set to pick up strongly, leading to a better overall growth, which will be better than the 1998-2002 recovery cycle, says leading Wall Street brokerage Morgan Stanley.

Moody's pegs India's GDP growth at 7.5% in 2016-17

Moody's pegs India's GDP growth at 7.5% in 2016-17

The recent measures that now allow 100 percent foreign ownership in a number of sectors will foster further increases in FDI.

CPI inflation likely at 5.6-5.8% over next 2 months: Deutsche

CPI inflation likely at 5.6-5.8% over next 2 months: Deutsche

Inflation based on the Consumer Price Index (CPI) is likely to remain in the 5.6-5.8 percent range over the next two months, Deutsche Bank said in a research note, predicting that RBI would cut the policy rate "one more time".

India's WPI inflation remains negative for 14th straight month in December

India's WPI inflation remains negative for 14th straight month in December

Food prices last month, however, gained 8.17 percent year-on-year, compared with a provisional 5.20 percent gain in November.

Cane arrears come down to Rs 6,681 crore till November 15

Cane arrears come down to Rs 6,681 crore till November 15

The arrears to be paid by mills to sugarcane farmers have come down to Rs 6,681 crore from a peak of Rs 17,301 crore in July this year, Parliament was informed on Friday.

Nomura sees India's GDP growth at 7.8 % and 8% 2016-2017

Nomura sees India's GDP growth at 7.8 % and 8% 2016-2017

India is in the initial stages of a business cycle recovery with Gross Domestic Growth expected at 7.8 percent in 2016 and 8 percent in 2017, up from 7.3 percent expectation for this year, Japanese financial group Nomura forecast today.

Reserve Bank cautious despite pressure for rate cuts

Reserve Bank cautious despite pressure for rate cuts

Though the Reserve Bank of India (RBI) is expected to cut interest rates next week by a quarter percent to a four-year low, officials say concerns over prices make it likely to resist political pressure for significant easing in the coming months.

Rates should come down, but RBI final authority: Jaitley

Making a strong case for rate cut by RBI later this month, Finance Minister Arun Jaitley today said monetary policy plays an important role in stimulating growth and is hopeful that it will appropriately act with a sense of responsibility on this front.

RBI likely to go for 25 bps cut in repo rate: SBI Research

RBI likely to go for 25 bps cut in repo rate: SBI Research

Benign food inflation, sufficient transmission of policy rates and the spread of monsoon makes a case for at least 25 basis points (bps) cut in repo rate by the Reserve Bank, says a report.

Rajan warns against chasing economic growth too fast

India must focus on keeping inflation low and avoid using monetary policy alone and short-term government incentives to fuel short-term economic growth, the country`s central bank governor said on Friday.

Keeping inflation low is key to growth: Rajan

Keeping inflation low is key to growth: Rajan

Under pressure to cut interest rates to lower cost of capital, RBI Governor Raghuram Rajan today said keeping inflation low is the key task for sustainable economic growth of the country.

Rajan says faltering US, global economy behind Fed delay

Rajan says faltering US, global economy behind Fed delay

RBI Governor Raghuram Rajan on Friday said that limping global growth coupled with uncertainty about US growth probably compelled US Fed to stay on hold.

India aims for 8-10% non-inflationary GDP growth: Jayant Sinha

India aims for 8-10% non-inflationary GDP growth: Jayant Sinha

The government is aiming for an 8-10 percent annual economic growth through supply-side measures to increase the capacity of Asia`s third-largest economy rather than risk higher inflation by stimulating demand, Jayant Sinha, the Minister of State for Finance, said.

Contraction deepens: August WPI inflation falls to -4.95%

Contraction deepens: August WPI inflation falls to -4.95%

The WPI inflation for the month of August stood at -4.95 percent for the month of August, 2015 (over August, 2014) as compared to -4.05 percent for the previous month and 3.85 percent during the corresponding month of the previous year, according to the data released by the government.

Price rise limited to few commodities, not all: Paswan

Price rise limited to few commodities, not all: Paswan

The government on Thursday said the price rise is limited to a few commodities like pulses and not all, and there is "wrong perception" that there is inflation in every food item.

Modi seeks quick boost to irrigation as drought looms

This year, the rains are forecast to be 88 percent of the long-term average, which could drastically crimp farm output.

Govt ready with steps to tackle deficient monsoon: Agriculture Minister

Due to poor monsoon, agriculture growth stood at 0.2 percent in the 2014-15 fiscal.

RBI likely to cut rates for third time this year as inflation eases

India is the fastest-growing major economy in the world, outstripping China, but economists say the data is not consistent with other indicators showing slack in Asia`s third largest economy. 

CEA pitches for rate cut by RBI, competitive rupee

Citing low inflation and under control fiscal deficit, Chief Economic Advisor Arvind Subramanian on Tuesday pitched for a rate cut by the Reserve Bank at its monetary policy review meeting next week.

March CPI likely edged up for fourth month

While inflation has steadily accelerated from a record low of 4.38 percent struck in November it remains below the 6.0 percent upper end of the central bank`s target range.