Sat, Sep 30, 2023
Addressing the 118th Annual Convention of the PHD Chamber of Commerce and Industry (PHDCCI), Hardeep Singh Puri said, "Global supply chains are realigning. India is emerging as an alternative supply source given its raw materials, low labour costs, growing manufacturing know-how, and entrepreneurial ability.
Thu, Jun 15, 2023
India will be the third largest contributor to the global gross domestic product (GDP) this year, Chief Economic Advisor, Dr V. Anantha Nageswaran said on Thursday.
Thu, Jun 08, 2023
Prime Minister Modi-led NDA government has completed nine years in office! When PM Modi took oath for the first time, his moto was Sabka Sath, Sabka Vikas, and with this the BJP government embarked upon their journey in 2014 to create an India that is self-sufficient in all aspects. 9 years have passed by, and it is now time to look back at the progress that the country has made in various sectors.
Mon, Jan 30, 2017
Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.
With good monsoons and 7th Pay Commission bounty, analysts expect rural India to do well. However, Prime Minister Narendra Modi's demonetisation programme that started on November 9, 2016 has put a spanner in his works.
Tue, Jan 24, 2017
The N K Singh panel has suggested a liberal approach on fiscal consolidation to ensure that the government's power to spend on development is not restricted even as its member Arvind Subramanian, CEA, has expressed some reservations on certain aspects of the report.
Wed, Jan 18, 2017
India's growth numbers are likely to slide in the next two quarters, but a sharp rebound is expected in the second half (H2) of 2017 as the demonetisation impact will be transitory and not long lasting, says a Nomura report.
Mon, Jan 16, 2017
The International Monetary Fund (IMF) cut India's growth forecast for the current financial year (FY17) by 1% and cut it by 0.4% for the next fiscal year. The reason for this is primarily due to the demonetisation move taken by the government in November 2016.
The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.
Thu, Jan 12, 2017
The spotlight will shift away from China to India and Indonesia as they become the powerhouses of growth in the world.
India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.
The 12th Five-Year Plan appraisal document, prepared by NITI Aayog has made a strong case for clear tax policies and focus on manufacturing, even as it exuded confidence that growth in 2016-17, the final year of the Plan would be 7 per cent to 7.75 per cent.
Mon, Jan 09, 2017
Global brokerage Citigroup has lowered India's growth forecast to 6.8% for this fiscal from 7.2% earlier, as cash crunch has affected pick-up in consumption while uncertainty around demonetisation may further delay any recovery in private investments.
Fri, Jan 06, 2017
The Indian government said economic growth would slow down to 7.1 % in the fiscal year ending in March from 7.6 % a year earlier.
The growth in GDP during 2016-17 is estimated at 7.1% as compared to the growth rate of 7.6% in 2015-16, Ministry of Statistics & Programme Implementation said.
President of India Pranab Mukherjee delivered his address to Governors and Lt. Governors via video conferencing on January 5, 2017 where he gave his views on demonetisation and Indian economy.
Fri, Dec 23, 2016
Since storming to power in 2014, Modi has unveiled measures to boost investment, cool inflation and narrow the fiscal and current account deficits, but his policies have not been rewarded with a ratings upgrade from any of the "big three" global ratings agencies, who say more is needed.
Wed, Dec 21, 2016
"Achieving the inflation target ... remains the primary objective," RBI Governor Urjit Patel said in the minutes.
Sun, Dec 04, 2016
Notwithstanding economists` prediction that demonetisation would hit the country`s Gross Domestic Product (GDP) growth, Union Minister Piyush Goyal on Saturday said when informal economy goes into the formal mode with the banning of high-value currency, this will add to the GDP.
Fri, Dec 02, 2016
Sunil Kumar Sinha, Principal Economist and Director Public Finance of India Ratings said, “Disruption has been caused at various level of economy due to de-legalisation of banknotes of Rs 500 and Rs 1000 denominations. Ind-Ra analysis shows that the economic cost of the de-legalisation will be Rs1.5 lakh crore for FY17.”
Wed, Nov 30, 2016
India can ill-afford to take much pride in having the world`s fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government`s sudden demonetisation drive.
Fri, Nov 18, 2016
GVA or Gross Value Added is a measure of the value of all goods and services produced in an economy.
Wed, Nov 09, 2016
Kotak Institutional Equities said, “We see the government’s move as a positive for the economy in the medium term. The latest step appears to be the final one in the government’s systematic approach to remove black money from the economy.”
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