PM to meet industry leaders today on worrying economy

CAD last fiscal was 4.8 percent and the government intends to bring it down to 4.2 percent this financial year.

Plan panel may cut 12th Plan growth target to 7% from 8%

According to sources, the Commission has already started the process of mid-term review of the 12th Five Year Plan.

India's GDP likely to improve to 5.7% in 2013: IMF

Indicating that India's declining growth has bottomed out, International Monetary Fund (IMF) Monday said the country's GDP is likely to improve to 5.7 percent in 2013 and further to 6.2 percent a year after.

Meeting of industrialists to be held in Bangalore, Hyderabad

The meetings will be held on May 12 and 13 at Bangalore and Hyderabad, respectively.

Be innovative to ensure India's rapid growth: PM

Honouring civil servants for their out-of-box thinking which resulted in innovative work in the field of public administration, he stressed the need for creating an environment which encouraged creativity and entrepreneurship in the country.

Worst over for India, but uncertainty ahead: India Ratings

India's credit rating was put on a 'negative' outlook by various agencies including Fitch last year due to a slowdown in economic growth rate and lack of economic reforms.

India should resolve bottlenecks in power, infra sectors for growth: IMF

Thomas Richardson, senior resident representative for the IMF in India told The Wall Street Journal that the main reasons for slow growth in India are structural in nature more than lack of finances.

Economy to grow at 5.5% in current fiscal,7% in 2013-14:Montek

"It (GDP growth rate) would be somewhere between 5 and 5.5 percent. If everything worked perfectly, I would not rule out seven percent next year (2013-14)", Ahluwalia said in an interview.

Current qtr witnessed growth but need to keep up pace: Nerukar

The growth rate was recorded at 6.5 percent last and expected to be 5.5 percent next year, he said adding that while the quarter three of the financial year was sluggish, it was expected to be encouraging next quarter.

Economy may grow by 6-7.5% in 2013-14: Survey

Of the 277 corporates, who participated in the survey, 34 percent said India's GDP growth may range between 6 percent and 7.5 percent in 2013-14.

Growth to revive from FY'14 on reforms impact: Morgan Stanley

India is expected to register a gradual recovery in growth rate in the next fiscal year helped by big-bang reforms and speeding up of farm growth output on account of base effect, Morgan Stanley has said in a report.

India may not achieve export target of $360 bn in FY13: Ficci

The country's exporting community is not optimistic about a possible improvement in the overall export conditions over the next two quarters, according to Ficci's Export Survey.

Negative sentiments by industry dangerous for economy: Prez

Mukherjee said he would prioritise education for all, sustainable development and creation of more and more 'green' buildings, residential complexes, corporate offices and similar projects aimed at safeguarding environment.

India Inc's biz sentiment declines on gloomy economic scene

India's GDP growth slipped to a nine year low of 5.3 percent in the March quarter of 2011-12, mainly due to poor performance of the manufacturing sector.

India likely to grow at 6.1% in 2012: E&Y

India is expected to grow at 6.1% in calendar year (CY) 2012, similar to the pace recorded in the fourth quarter of 2011.

Competitive industry, young population to drive India growth: K V Kamath

Global competitiveness of Indian industry, powered by a young population, will drive the country's economic growth momentum over the next decade, ICICI and Infosys non-executive Chairman K V Kamath has said.

Rate cuts to help push up growth to 7.4% in FY'13: Nomura

The banking major cautioned, however, that the Reserve Bank has a limited room for rate cuts and there is also some uncertainty in the government's policies.

Difficult months ahead, growth could fall to below 7%: Pranab

Warning that the months ahead are difficult, Finance Minister Pranab Mukherjee Tuesday said the growth rate could fall below 7 percent in the current financial year from 8.5 percent a year ago.

Rate hikes to weaken economic growth: Industry

The industry has said the 25 basis point rate hike by the Reserve Bank will further weaken economic growth, but expressed relief at the central bank's hinting at a pause in pushing up the lending rates.

India's growth seen hurt by inflation, rate pressures

Economists have scaled down their growth expectations and raised inflation forecasts for the Indian economy, compared with their outlook just 10 weeks ago, a poll showed.