India GDP growth

Indian economy to grow at 6.8% in 2013: D&B

The economy is likely to witness a growth rate of 6.8 percent in the next year driven by the reform push of the government, says a report.

Dec 30, 2012, 11:36 AM IST

Majority of states' growth better than all-India GDP average

Majority of states have consistently performed better than all India GDP growth in the 11th Five-Year Plan (2007-12), a study by Assocham said on Thursday.

Dec 27, 2012, 20:07 PM IST

Fitch warns India of downgrade on fiscal, growth slippages

"Policy slippage and/or mounting evidence of a structural decline in the trend growth rate, such as protracted relatively weak economic data, could cause the ratings to be downgraded," Fitch said.

Dec 03, 2012, 18:33 PM IST

'India needs high GDP growth to reduce poverty at faster pace'

"If we don't bring the GDP growth back (on track) up, the rate of poverty reduction will go down," Ahluwalia said during panel discussion here.

Dec 01, 2012, 18:43 PM IST

5.3% economic growth in July-Sept below expectations: FM

Terming the second quarter economic growth rate of 5.3 percent as "below expectations", Finance Minister P Chidambaram Friday said it was mainly due to scanty rainfall and poor showing by the manufacturing sector.

Nov 30, 2012, 15:27 PM IST

India’s GDP growth declines to 5.3% in July-Sept quarter

The Indian economy grew by 5.3 percent in the July-September period of the current financial year (2012-13), pulled down by poor performance of manufacturing and agriculture sectors, showing persistent signs of slowdown.

Nov 30, 2012, 11:15 AM IST

OECD's growth forecast "completely wrong": Montek

Presenting a gloomy picture for India, the Paris-based think-tank OECD had said that growth rate was expected to decelerate sharply to 4.4 percent in the current fiscal from 6.9 percent growth in 2011-12.

Nov 28, 2012, 21:23 PM IST

ICRA lowers GDP growth forecast by to 5.4%

Citing absence of pick-up in private investments, credit rating agency Icra Tuesday revised downwards its forecast for the country's GDP growth to 5.4 percent in the current fiscal, from 5.7 percent projected earlier.

Nov 27, 2012, 20:45 PM IST

India to see 4.4% real GDP growth this fiscal: OECD

Indian economy is projected to grow by just 4.4 percent in the current fiscal, as the country has experienced "broad-based slowdown", according to Paris-based think tank OECD.

Nov 27, 2012, 19:17 PM IST

No scope for gloom; high growth in a year or two: FM

Noting that the country registered about 5.5 percent growth in the first quarter, he expressed the hope that GDP growth would improve in the second half.

Nov 20, 2012, 21:03 PM IST

CMIE pegs GDP growth a tad down to 6% this fiscal

The Centre for Monitoring Indian Economy (CMIE) has lowered its growth forecast to 6 percent, from 6.2 percent projected earlier, for this fiscal, owing to the delay in recovery in industrial sector and the fall in mining, manufacturing and construction segments.

Nov 16, 2012, 18:44 PM IST

HSBC pegs FY14 GDP 6.9% on reform push, investment uptick

HSBC Thursday said the Indian economy, which is projected to grow at 5.7 percent this fiscal, is likely to clip at a faster pace next fiscal at 6.9 percent following the recent spate of policy reforms.

Nov 08, 2012, 22:05 PM IST

India could revert to 8.5-9% growth in two years: Kaushik Basu

India's growth rate is likely to revert to the pre-global crisis level of 8.5-9 percent after two years, World Bank Chief Economist Kaushik Basu said Tuesday.

Nov 06, 2012, 21:59 PM IST

FinMin to lower GDP projection in mid-year economic review

Finance Ministry is likely to lower economic growth projection for the current fiscal to 5.7-6 percent in its mid-term review of the state of economy to be tabled in Parliament next month.

Nov 05, 2012, 16:19 PM IST

RBI says it will step in if growth slips below 5.5%

A day after lowering country's growth forecast to 5.8 percent, the Reserve Bank Wednesday said it will step in if economic expansion falls below the current levels of 5.5 percent.

Oct 31, 2012, 22:21 PM IST

Govt will try to restrict fiscal deficit to 5.3%: Chidambaram

The government will endeavour to maximise revenue collection and contain expenditure to restrict fiscal deficit to 5.3 percent of the Gross Domestic Product (GDP) in the current financial year, Finance Minister P Chidambaram has said.

Oct 31, 2012, 15:00 PM IST

RBI cuts India's economic growth projection to 5.8%

The Reserve Bank Tuesday sharply lowered this fiscal's economic growth projection to 5.8 percent, from 6.5 percent earlier, in view of global and domestic factors like poor investments and subdued demand.

Oct 30, 2012, 13:09 PM IST

Govt plans to reduce fiscal deficit to 3% by 2017: FM

The government, the Minister said, will continue efforts to restrict fiscal deficit in the current financial year to 5.3 percent of the Gross Domestic Product (GDP) and reduce it to 3 percent by 2016-17.

Oct 29, 2012, 12:40 PM IST

PMEAC expects near 6% GDP growth in current fiscal

Faced with subdued manufacturing sector performance, Prime Minister's key advisor C Rangarajan on Thursday lowered the growth projection for the current fiscal to 6 percent from 6.7 percent estimated earlier.

Oct 25, 2012, 17:34 PM IST

Need to balance growth and sustainability, says Ramesh

He said India needed eight percent growth since the country had to provide jobs to 100 million people who would enter the workforce in the next decade.

Oct 18, 2012, 17:28 PM IST