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India Economy News
Indian economy 2021: With 0.4% GDP growth in 3rd quarter, country out of technical recession
Sat, Feb 27, 2021
Indian economy 2021 outlook: After a harrowing pandemic hit last year, the Indian economy has started to ghain momentum.
India inflation likely eased in Nov to 16-month low: Poll
Mon, Dec 10, 2018
If the consensus is realised, the November data will not only mark inflation below the RBI`s medium-term target of 4 percent for a fourth straight month but also be the first time since July 2017 it was below 3 percent.
State of Indian economy: Is it time to go bearish?
Wed, Aug 22, 2018
Less than a year to the general election is a tricky time for setting a stable economic narrative. The government will glorify its achievements. The opposition will skew comparisons against its own track record, preferring to affirm how things used to be "much better".
India can grow at 8% for next 20 years: UN expert
Mon, Dec 18, 2017
India can achieve an eight per cent growth rate for the next two decades by promoting investment and improving the living conditions of its people, a senior UN economic official has said.
US has elevated its relationship with India: Rex Tillerson
Wed, Dec 13, 2017
The United States has elevated its engagement with India as part of its effort of free and open Indo-Pacific, Secretary of State Rex Tillerson has said. "As part of the free and open Indo-Pacific, we have elevated our engagement with India," Tillerson said.
Air India seeks Rs 1,100 crore loan to modify planes for VVIPs
Sun, Dec 10, 2017
Disinvestment-bound Air India is seeking loan worth over Rs 1,100 crore for modification of two Boeing aircraft scheduled to be acquired next month for ferrying VVIPs, according to an official document.
RBI takes to SMSes, missed-call helpline against prize frauds
Sun, Dec 10, 2017
Taking the fight to the arena used by fraudsters promising prize money from the RBI, the central bank has itself launched an SMS campaign and a 'missed-call' helpline to warn people against such scams.
SBI cautions: GDP growth rate recovers but hurdles remain
Fri, Dec 01, 2017
SBI has pointed out a sluggish demand trend that may impact GDP growth rate in the financial year 2017-18.
US supports India stand on OBOR, hits out at China's financing
Wed, Oct 18, 2017
Ahead of his maiden visit to India, US Secretary of State Rex Tillerson today supported New Delhi's stand on One Belt One Road initiative, saying China's financing of infrastructure projects results in enormous level of debt and underscored the need for an alternative financing model.
IMF favours three structural reforms in India
Sat, Oct 14, 2017
The IMF has suggested a three- pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets.
IMF downgrades India's growth, but says a blip in much positive long-term
Wed, Oct 11, 2017
"The downgrade for this year's looks like a blip in a much positive longer-term picture," Maurice Obstfeld, Economic Counsellor and Director of Research Department at IMF.
India likely to clock GDP growth of 6.9% this fiscal, BMI Research says
Thu, Jul 06, 2017
Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9 % in this financial year, says a report.
GST will be India's 'economic freedom': Anil Ambani
Thu, Jun 29, 2017
Industrialist Anil Ambani today termed the Goods and Services Tax (GST), being rolled out from July 1, as India's "economic freedom" and said it would make the country the biggest free and democratic market in the history of humankind.
India loses fastest growing economy tag after sharp growth slowdown
Thu, Jun 01, 2017
Annual economic growth at 6.1 percent in the January-March period was even lower than the lowest analyst estimate of 6.5 percent in a Reuters poll. Overall, the median forecast of 36 analysts was for a year-on-year growth of 7.1 percent.
India-US relations more stronger, matured over last few decades, says Arun Jaitley
Sat, Apr 22, 2017
Jaitley on Friday met US Commerce Secretary Wilbur Ross, the first cabinet-level interaction between the two countries under the Trump Administration.
Boosting private sector investment in India challenging: Arvind Subramanian
Wed, Mar 29, 2017
Boosting private sector investment remains a challenge for the Indian economy, Arvind Subramanian, chief economic adviser to the finance ministry told the annual Credit Suisse Asian Investment Conference in Hong Kong on Wednesday.
January services PMI contracts for 3rd month, rebound likely
Fri, Feb 03, 2017
India's services languished, with new business orders falling for the third straight month, amid muted inflationary pressure that could offer RBI much room to remain accommodative in its next policy meet next week, says a monthly survey.
Economy likely to grow at 7.6% in 2016-17: NCAER
Sun, Nov 06, 2016
The manufacturing sector is also giving positive signals with Purchasers' Managers Index, Index of Industrial Production for core sectors and auto sales going up.
India’s manufacturing PMI at four-month high of 51.8 in July
Mon, Aug 01, 2016
Nikkei said in a statement. It said, “The performance of India’s manufacturing economy continued to improve in July, with a stronger expansion in new business contributing to faster increases in output and buying levels.”