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Economic growth News
RBI rate cut will boost economic growth and make loans affordable: Piyush Goyal
Thu, Feb 07, 2019
Finance Minister Piyush Goyal said the RBI rate cut will boost economic growth and make loans affordable. Watch this video to know more.
Indian businesses most optimistic globally about rise in exports: Report
Fri, Jan 25, 2019
Commenting on the global outlook, Global Leader, Grant Thornton International, Francesca Lagerberg, said that while global financial markets are increasingly volatile, business leaders in the real economy remain optimistic because global GDP is forecast to continue growing and they know their business will grow with it.
Asia's central banks have almost no reasons to hike rates in 2019
Thu, Dec 20, 2018
Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year -- especially as U.S. rate hikes slow -- unless a new bout of currency weakness forces them to do so.
India needs multiple reforms to be $6-7 tn economy by 2030: Ajay Chhibber
Tue, Dec 18, 2018
"To achieve the target of USD 6-7 trillion economy by 2030, India needs to address challenges of competitiveness to compete in the global market on many fronts with the economic and administrative reforms along with transformation in health, education, labour, finance, police and judicial reforms," eminent economist Ajay Chhibber said.
India's high growth enough to offset worries about independence of RBI: S&P Global
Thu, Dec 13, 2018
India`s BBB- rating puts it on the bottom rung of the investment grade ladder, and sentiment towards the country was hit on Monday when central bank governor Urjit Patel resigned following a months-long tussle over policy with the government.
General elections 2019: Economic growth slows as PM Modi prepares for re-election
Sat, Dec 01, 2018
India`s economic growth fell to a worse-than-expected 7.1 percent in the July-September quarter, dragged down by a slower consumer spending and farm growth, in a setback for Prime Minister Narendra Modi who faces a national election by May.
Expert Views: India's economy grows 7.1 percent in July-September
Sat, Dec 01, 2018
India`s economy grew a lower-than-expected 7.1 percent in the July-September quarter from a more than two-year high of 8.2 percent in the previous quarter, government data showed on Friday.
Jobs 2018: This is what is slowing down employment growth
Mon, Oct 22, 2018
Higher government spending, automation and sluggish growth in the real estate sector have been slowing down job growth rate to below economic growth rate in the last few years
Economy at $5 tn? PM Modi sets mission impossible target?
Fri, Sep 28, 2018
Though the Indian economy clocked an 8.2% GDP growth in the first quarter of this fiscal, many economists have forecast a slowdown in the second of half of this year in the wake of the global slowdown, trade war, strained fiscal and current account deficits, falling rupee and inflationary pressure.
More bad news on petrol, diesel prices! Economic growth set to be hurt
Tue, Sep 25, 2018
India`s refining capacity would increase to about 439 million tonnes per year by the financial year of 2030 as new and existing refineries continue enhancing their infrastructure, while domestic demand is forecast to increase to 356 million tonnes per year over the same period, Ghosh said.
Investment cycle set to last, but experts not betting on “big ticket” capex by corporates
Tue, Sep 04, 2018
Economists say investment cycle could last for about a year; would be led by public sector capex demand, while private sector still not ready for ‘big ticket’ investment due to lack of ‘credit trust’ in the system.
IMF cuts India's growth projection, but it still retains world's top spot at 7.3 pct
Mon, Jul 16, 2018
The report said that for such a scenario the "possible triggers include rising trade tensions and conflicts, geopolitical concerns, and mounting political uncertainty". Citing the tariff increases by the US and retaliation by other countries, it said they "could derail the recovery and depress medium-term growth prospects".
India needs to grow at 10% for 30 years to meet population's demands: Amitabh Kant
Mon, May 14, 2018
A circular economy, in contrast to the 'make-use-dispose' model of the linear economy, focuses on use of resources for longest possible time as also recovering and regenerating products and materials at the end of their life cycle. Noting that the government needs to enable regulatory framework for circular economy, he said: "We should incentivise use of renewable material for construction sector."
Proud moment! IMF says India fastest growing economy at 7.4% in 2018
Wed, May 09, 2018
After India, Bangladesh is projected to be the fastest-growing economy in South Asia with growth rates of seven per cent for 2018 and 2019; Sri Lanka is projected to grow at four per cent in 2018 and 4.5 in 2019, and Nepal five per cent in 2018 and four per cent in next. (Pakistan, which is grouped with the Middle East, is not covered in the Asia report.)
India's economic growth rate highest among BRICS nations: Report
Thu, Apr 19, 2018
The report -- launched by Law and Justice and Electronics and IT Minister Ravi Shankar Prasad at the 12th edition of Mindmine Summit 2018 -- provided insights into the rapidly changing business outlook for India and analysed the progress achieved under several national priority programmes.
India claims top spot for 2018 growth, but here is a reason that may hurt it
Thu, Apr 19, 2018
Economic growth in India: Twenty of 29 economists who answered an extra question said India`s economy will be hurt by the ongoing trade dispute. "India runs the risk of being caught in the middle of the trade spat between the U.S. and China," said Hugo Erken, senior economist at Rabobank. Erken said growth will take a hit if India takes sides as the side not chosen may retaliate by imposing duties.
Economic growth in India at 8-9% over 20 yrs can solve social issues: Rangarajan
Tue, Mar 06, 2018
Economic growth: According to Rangarajan, in the industrialised world growth happened first, followed by provision of social safety nets. "But, that is not possible in the 21st century. It is not possible to say let's grow and then we will take care of the other things. We need to combine growth with the need to take care of the vulnerable and the disadvantaged," he said.
India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do
Tue, Mar 06, 2018
The government will tomorrow pitch for a sovereign rating upgrade with global agency Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower government debt.According to sources, representatives from Fitch are scheduled to meet Chief Economic Advisor Arvind Subr
China's $175bn defence budget three times higher than India's
Mon, Mar 05, 2018
China's defence budget: China has the world`s largest standing Army and spends the most on defence after the US in the world. President Xi Jinping has vowed to make the Chinese Army a modern force by cutting down its troops.
Goa mining: SC decision will hamper India's economic growth, says Anil Agarwal
Sun, Feb 25, 2018
Mining mogul Anil Agarwal has said the Supreme Court's decision to quash all iron ore mining permits in Goa will hamper India's economic growth as raw material for making steel will have to be imported, resulting in jobs being created outside the country rather than within. He said iron ore mini