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Have developed thick skin to criticism; economy will make a “sharp V” recovery after drop

Have developed thick skin to criticism; economy will make a “sharp V” recovery after drop

Unfazed by criticism of the way demonetisation was handled, RBI governor Urjit Patel has said the central bank has grown a thick skin fast and stressed that the economy will make a “sharp V” recovery after a short drop.

'India knocking at rare club of fast, steady growth economies'

'India knocking at rare club of fast, steady growth economies'

Indian economy is becoming more efficient through five broad themes -- fast and steady rate of growth, market reforms, expanding digital footprint, revival in rural growth and creation of modern infrastructure, says a report.

 

Economy to grow at 7.4% next fiscal: Ind-Ra

Economy to grow at 7.4% next fiscal: Ind-Ra

The Indian economy is likely to grow by 7.4 percent in the next fiscal year, India Ratings and Research (Ind-Ra) on Tuesday said.

Govt focus on clean economy, bold decisions: FM Jaitley

Govt focus on clean economy, bold decisions: FM Jaitley

The Modi government's emphasis is on bold decision making and a clean economy with business friendly environment, the returns of which can be spent on the poor, Finance Minister Arun Jaitley said on Monday.

India not impacted by protectionism talk, global slowdown: FM Jaitley

India not impacted by protectionism talk, global slowdown: FM Jaitley

The rhetoric of protectionism in developed economies and unpredictable global slowdown have not affected India and it is determined to grow with focus on investments, Finance Minister Arun Jaitley said on Monday.

About 2.83 lakh estimated central government jobs by 2018

About 2.83 lakh estimated central government jobs by 2018

Nearly 2.83 lakh central government jobs are estimated to be generated by next year.

Forex reserves up $1.58 bn to $363.146 bn

Forex reserves up $1.58 bn to $363.146 bn

India's foreign exchange reserves rose by USD 1.588 billion to USD 363.146 billion in the week to February 3 on a jump in core currency holdings and value of gold reserves, the Reserve Bank said.

Protectionist tendencies will shrink GDP, warns Arun Jaitley

Protectionist tendencies will shrink GDP, warns Arun Jaitley

With protectionist trend emerging in developed economies, Finance Minister Arun Jaitley tonight warned that economies will become more inefficient and GDP will shrink if such a move were to impact trade and movement of goods and people.

India will be world’s fastest growing economy in next 5 years: US think-tank

India will be world’s fastest growing economy in next 5 years: US think-tank

India will be the world’s fastest growing economy during the next five years, a top US intelligence think-tank has said while underlining that Pakistan, unable to match India’s economic prowess, will seek “other methods” to maintain even a semblance of balance.

Monetary policy review: RBI cuts FY17 growth forecast to 6.9%, pegs 7.4% for next year

Monetary policy review: RBI cuts FY17 growth forecast to 6.9%, pegs 7.4% for next year

RBI Governor Urjit Patel on Wednesday cut the economic growth forecast to 6.9 percent for the current fiscal from 7.1 percent estimated earlier, even as he said the economy will bounce back to 7.4 percent rate next fiscal.

Indian economy projected to overtake US by 2040

Indian economy projected to overtake US by 2040

The global economic order is expected to shift from advanced to emerging economies over the next few decades, and by 2040 India could edge past the US to become the world's second largest economy in purchasing power parity (PPP) terms, says a report.

Note ban shaves off GDP growth rate by up to 0.5% in FY'17

Note ban shaves off GDP growth rate by up to 0.5% in FY'17

Demonetisation will shave off the economic growth for the current fiscal by 0.25 percent to 0.50 percent though it will have long-term benefits for the economy by reducing interest rates and eliminating corruption, besides bringing in more activities in the formal sector.

Labour, tax reforms to boost apparel, leather sectors: Economic Survey 2017

Labour, tax reforms to boost apparel, leather sectors: Economic Survey 2017

Labour and tax reforms are needed to boost employment creation in apparel and leather sectors as the two segments can become vehicles for broader social transformation in the country, the Economic Survey for 2016-17 said on Tuesday.

Economic Survey 17: Here are the key highlights

Economic Survey 17: Here are the key highlights

Following are the highlights of Economic Survey 2016-17 tabled in Parliament.

Economic Survey moots formation of public sector asset rehabilitation agency

Economic Survey moots formation of public sector asset rehabilitation agency

The Economic Survey 2016-17 tabled in Parliament on Tuesday by Finance Minister Arun Jaitley has mooted the formation of a centralised public sector asset rehabilitation agency (PARA).

Economic Survey 2017 advocates reforms to unleash economic dynamism, social justice

Economic Survey 2017 advocates reforms to unleash economic dynamism, social justice

India needs an evolution in the underlying economic vision across the political spectrum and further reforms are not just a matter of overcoming vested interests that obstruct them, the Survey said.

Economic Survey 2017 Overview: India's GDP to grow between 6.75-7.5% in FY 2017-18

Economic Survey 2017 Overview: India's GDP to grow between 6.75-7.5% in FY 2017-18

A day before the presentation of Union Budget 2017, the Economic Survey on Tuesday pegged the country's economic growth at a conservative level of  6.75-7.5 percent for the next fiscal.

India fastest growing economy under PM Narendra Modi, says BJP

India fastest growing economy under PM Narendra Modi, says BJP

Rejecting Congress' charge that the economy is not doing well, the BJP Monday said India has become the fastest growing major economy under the leadership of Narendra Modi and the current account deficit will be eliminated in the next few months.

Manmohan Singh attacks Modi government; says economy in bad shape, growth rate to be less than 6.6%

Manmohan Singh attacks Modi government; says economy in bad shape, growth rate to be less than 6.6%

Attacking the Modi government, former Prime Minister Manmohan Singh on Monday said the Indian economy was not in a good shape and that the growth rate for the current fiscal would be less than 6.6 percent.

Gems, jewellery exports likely to rise 10% in FY17: GJEPC

Gems, jewellery exports likely to rise 10% in FY17: GJEPC

Gems and jewellery exports are likely to witness a growth of about 10 per cent this fiscal due to increasing demand in the US and Europe, according to the industry's apex trade promotion body.