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India's Q3 GDP soars to 7.5% as compared to 6.9% last year

India's Q3 GDP soars to 7.5% as compared to 6.9% last year

The data further said economy grew by 7.5 percent in the October-December quarter of the current fiscal after a growth rate of 8.2 percent in the preceding quarter.

'Use of licenced software can increase India's GDP by $739 bn'

Quoting from various studies GIPC, an affiliate of the US Chamber of Commerce, said India's GDP will see a significant increase if unabated use of online and software piracy is arrested.

India likely to become 3rd largest economy by 2030: StanChart

India is likely to become the third largest economy by 2030 behind China and the USA, a Standard Chartered report said while projecting that the world is in the midst of an economic "super-cycle".

India Inc asks for rate cut

With IIP contracting for the second month in June, India Inc Monday demanded a cut in interest rates to revive demand and to fast-track implementation of large projects to boost economic growth.

'Direct cash transfer can reduce food, fert subsidy by Rs 60k'

Government subsidies on food and fertiliser can be pruned by Rs 60,000 crore in 2013-14 through direct cash transfer system and that will help control huge fiscal deficit as well as food inflation, says a paper.

Very favorably impressed by recent Indian reforms: US

A top US official while praising the recent steps taken by the Indian government said she hopes that New Delhi would continue with the reforms in particular in the infrastructure sector and financial markets.

Tax rich more, mop up tax-GDP ratio, demands civil society

"...The Union Finance Ministry (need) to address the lack of progressive structure in the country's tax system and raise the much needed additional resources for financing education, health care, food security," civil society organisations Centre for Budget and Governance Accountability (CBGA), Oxfam India and Christian Aid said.

Indian economy likely to grow by 6.7% in 2013-14: Ficci

The chamber has revised its growth forecast upwards from 6.5 percent to 6.7 percent for the 2013-14 fiscal.

Economy likely to grow by 5.5-6% in 2012-13: Rajan

Industrial output bounced back to 8.2 percent in the month of October, against a contraction of 5 percent in the corresponding month a year ago.

Recovery still 6 months away for Indian economy: BofA-ML

According to BofA-ML, lead indicators still point to six months of pain and it is not until the March quarter that growth is expected to recover to 6.5 percent levels.

India's economic troubles self-inflicted: Report

India's economic troubles are mostly self-inflicted, resulting from policy paralysis and opposition to reforms -- a situation that is unlikely to change before the general elections in 2014, says a report.

Indian economy: Booming no more

The Indian government seems to have suddenly woken up to the reality of the health of the economy having deteriorated to the point of needing a doctor.

Indian economy: Booming no more

The Indian government seems to have suddenly woken up to the reality of the health of the economy having deteriorated to the point of needing a doctor.

Pranab calls for boost in growth of manufacturing sector

Finance Pranab Mukherjee Sunday stressed the need for boosting manufacturing sector growth for economic progress.

`3.2% of Indian GDP due to Internet`

According to Google, around 3 percent of India`s Gross Domestic Product (GDP) can be attributed to internet.

Inflation to moderate to 6.5-7% by March end: Survey

Inflation is expected to moderate to 6.5-7 percent by March end but spiralling global crude oil prices pose a challenge in the coming months, said the Economic Survey 2011-12.

Job market growth untouched by economic headwinds: Survey

"On the employment front, the country has been able to withstand the adverse impact of the global crisis and generate employment since 2009," the Survey noted.

India 4th largest economy but has low per capita income: Survey

India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed Thursday.

9% growth in 12th plan realistic: Official

The nine percent growth target of the Indian economy during the 12th Five Year Plan period is achievable despite the global economic slowdown, a top official said Saturday.