Indian Economy
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Demonetisation just a bump; India to maintain 7% growth: Cisco
If there is one GDP in this world I would bet on, it’s India and this (demonetisation) will be a bump… Very few people in the financial world say this isn’t the right thing to do
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India to grow at 7.8 per cent in FY17, led by consumption: DBS
Recovery in the Indian economy is likely to continue and the GDP growth is expected to be higher at 7.8 per cent in the current fiscal, although it will be “uneven”, propped largely by “strong consumption” and public expenditure, says a DBS report.
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India obvious candidate to drive global growth: HSBC
China as the economic engine has “begun to sputter” and India is the only other country with over a billion plus people and also grew “a tad faster” than its northern neighbour in the last year.
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India, China spar over steel dumping
China on Thursday expressed serious concern over India starting an anti-dumping investigation against Chinese steel products, while New Delhi has already imposed anti-dumping duty on them.
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Indian economy set to soar irrespective of PM Narendra Modi’s reforms agenda; here’s how
Other than the monsoon, which is beyond the government’s control, there is little reason why India’s economy should not pick up momentum
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India now a ‘lower-middle-income’ economy for World Bank
The World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a “lower-middle-income” economy in South Asia, a top official has said.
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Govt to push reforms to make India ‘more developed economy’: Finance Minister Arun Jaitley
Enthused over encouraging GDP numbers, Finance Minister Arun Jaitley today said the government will push ahead with its reform agenda to retain the fastest growing large economy tag and help India move towards becoming “a more developed economy”.
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Nomura lowers India’s GDP growth to 7.7% for FY17
Nomura today marked down India’s GDP growth forecast marginally to 7.7 per cent for the current fiscal, from 7.8 per cent earlier, saying there is still no sign of an export or private capex turnaround.
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RBI Guv Raghuram Rajan wins over Narendra Modi despite broad mistrust
In late 2014, the knives were out for Reserve Bank of India Governor Raghuram Rajan. Finance ministry officials were frustrated by his reluctance to cut interest rates to stimulate growth…
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GDP on upward curve, investors should put funds in India: FM Arun Jaitley
Indian economy is treading the upward curve in its growth trajectory and investors wanting higher returns should park funds in infrastructure and manufacturing sector…
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India’s per capita income rises 7.4% to Rs 93,293
India’s per capital income rose by 7.4 per cent to Rs 93,293 in 2015-16, compared to Rs 86,879 in the preceding fiscal, government data showed today.
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Indian economy grows at 7.6 per cent in FY’16, 7.9 per cent in Q4
Indian economy grew at 7.9 per cent in the fourth quarter of 2015-16 taking the overall GDP growth to a five-year high of 7.6 per cent in the fiscal, mainly on account of good performance of manufacturing and farm sectors.
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India set to retain fastest growing economy tag, but challenges remain for Narendra Modi govt
A Reuters survey of economists expected data out on Tuesday will show India’s gross domestic product grew 7.5 per cent year-on-year between January and March, faster than the previous quarter’s 7.3 per cent.
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$1 trillion extra GDP by 2020 – If all Indians get online
Four of five Indians could afford the internet if data costs fell by 66 percent, according to a Facebook-commissioned report on Internet access.
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Economic growth rate to be lower than CSO’s forecast of 7.6 pct in FY16: India Ratings
The economic growth is expected to be 7.5 per cent in 2015-16, lower than advance estimate of 7.6 per cent by the Central Statistics Office, India Ratings and Research said today.
