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India's economy

Exports stage smart recovery, up 31% in November

Trade deficit widened to USD 13.82 billion in the month under review from USD 13.39 billion in November 2016.

Dec 15, 2017, 18:47 PM IST

Easier to do business in India than ever before, says PM Narendra Modi

India, Modi said, is one of fastest growing economies in the world and implementation of the Goods and Services Tax (GST) from July 1 has eliminated multiplicity of taxes.

Nov 03, 2017, 12:10 PM IST

India's services activity grows for 2nd straight month in October

To cater to greater output requirements, service providers hired more for the second month in succession, but the rate of job creation slowed from September.

Nov 03, 2017, 11:11 AM IST

Is it Rahul Gandhi's opinion or his dog's? BJP takes a dig

The BJP on Wednesday said that Congress vice president knew nothing about India`s economy.

Nov 01, 2017, 17:55 PM IST

Bold reforms have put India firmly on growth path: OPEC

In particular, OPEC's Secretary General Mohammed Barkindo said, oil cartel is working to better understand the potential impacts that such beneficial economic changes may have on future oil demand.

Oct 10, 2017, 16:53 PM IST

Fitch lowers India's growth forecast to 6.9%

Fitch Ratings said the global economy has improved markedly this year and is on course to recording its fastest expansion since 2010.

Oct 02, 2017, 19:03 PM IST

India's GST may have adverse impact on this country's economy

According to the report, Bhutan's imports will likely increase as Indian exports are zero rated under GST, making the imports cheaper.

Oct 01, 2017, 11:13 AM IST

Modi govt rejects Yashwant Sinha's critique of economy

"The world acknowledges India is the fastest growing economy. No one should forget it. Our image at the international level is very strong," Home Minister Rajnath Singh said.

 

Sep 27, 2017, 17:05 PM IST

Niti Aayog deputy chief says no harm in busting fiscal deficit target

Government officials last week told Reuters that they were contemplating spending up to Rs 500 billion (USD 7.61 billion)more to halt the slowdown, which could widen the federal fiscal deficit for the financial year ending next March to 3.7 percent of GDP from a budgeted target of 3.2 percent.

Sep 27, 2017, 13:07 PM IST

Government in process of changing economic environment: Arun Jaitley

The Finance Minister said that the "environment" was a result of three factors. 

Sep 25, 2017, 19:43 PM IST

India's industrial output growth crawls at 1.2%; inflation rises to 3.36%

The factory output growth, measured on the Index of Industrial Production (IIP), for April-May period decelerated to 2.3 percent from 7.3 percent in the same period last fiscal, as per the data released by the Central Statistics Office.

Sep 12, 2017, 17:52 PM IST

India's tolerance, openness its biggest economic strength: Raghuram Rajan

India's diverse multicultural society and tradition of tolerance is its greatest strength, Raghuram Rajan said on Thursday.

Sep 07, 2017, 21:51 PM IST

FM hopeful of 7% GDP as manufacturing 'bottoms out'

The Economic Survey had projected a growth of 6.75 percent to 7.5 percent for 2017-18.

Aug 31, 2017, 22:30 PM IST

India Inc expresses disappointment over weak GDP data

India Inc on Thursday expressed disappointment over the country's economic growth, which slipped to a three-year low of 5.7 percent in April-June.

Aug 31, 2017, 20:59 PM IST

Indian economy grows at slowest pace under Modi government, hits 3-year low of 5.7% in April-June

India's GDP growth slipped to 13-quarter low of 5.7 percent year-on-year during the April-June quarter as compared to 6.1 percent in January-March, government data showed on Thursday.

Aug 31, 2017, 17:33 PM IST

India's economic success vital for global economy: UK envoy

India`s economic success and development are vital to the global economy and to Britain`s interests across South Asia, the British envoy to India said here on Thursday.

Aug 24, 2017, 20:21 PM IST

Good prospects for India to achieve over 8% growth in 2-3 years: Niti Aayog

The government think tank has come out with a detailed plan for reforms in the economy, judiciary, regulatory structure and social sectors, in its 'Three Year Action Agenda, 2017-18 to 2019-20'.

Aug 24, 2017, 19:25 PM IST

FSDC takes note of economic headwinds, vows to stay alert

The Council, comprising regulators, took note of the overall stability that has been achieved on the back of improvements in macro-economic fundamentals, structural reforms with the launch of the Goods and Services Tax (GST), action being taken to address the twin balancesheet challenge and financial market confidence.

Aug 22, 2017, 14:48 PM IST

Achieving high end of 6.75-7.5% growth difficult; inflation to be below RBI's 4% target: Economic Survey

For the first time today, the government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February.

Aug 11, 2017, 14:22 PM IST

Firm rupee headwind for export, global demand may cut impact

The rupee has risen more than six percent this year against the dollar. This is in contrast to six consecutive years of depreciation.

Aug 08, 2017, 14:45 PM IST