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India's GDP growth is reflection of transformative reforms of last 10 years: PM Modi

India's GDP growth is reflection of transformative reforms of last 10 years: PM Modi

Sat, Dec 09, 2023

Addressing the 'Infinity Forum 2.0' conference at the GIFT City here via video link, Modi said his government wants to turn the Gujarat International Finance Tec (GIFT) City into a global nerve centre of the new age global financial and technology services.

India is keen to increase its manufacturing share in GDP from 17% to 25%: Union Minister Hardeep Puri

India is keen to increase its manufacturing share in GDP from 17% to 25%: Union Minister Hardeep Puri

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.

India to be third largest contributor to global GDP, says CEA

India to be third largest contributor to global GDP, says CEA

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.

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Elimination of high-denomination notes is a good thing; here's why

Elimination of high-denomination notes is a good thing; here's why

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.”

Economy likely to grow at 7.6% in 2016-17: NCAER

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 to be able to present Union Budget around February 1: Shaktikanta Das

India to be able to present Union Budget around February 1: Shaktikanta Das

Fri, Nov 04, 2016

The Government of India is likely to present the Union Budget 2017-18 by around February 1 next year, said economic affairs secretary Shaktikanta Das in an interview to a television channel on Thursday.

Rupee falls 10 paise against dollar on weak GDP data

Rupee falls 10 paise against dollar on weak GDP data

Thu, Sep 01, 2016

The Indian economy grew at the slowest pace in last six quarters at 7.1% in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.

India's first quarter GDP growth slows to 7.1%

India's first quarter GDP growth slows to 7.1%

Wed, Aug 31, 2016

Abheek Barua, Chief Economist, HDFC Bank said, "While an unfavorable base effect is at play, there is a likely slowdown in services sector activity, which alone explains more than half of the moderation in overall growth. Within the industrial sector, while mining has shown positive traction, there is a possible moderation in activity for manufacturing and construction sectors."

Indian economy likely to grow at 7.8% in FY17: Ficci

Indian economy likely to grow at 7.8% in FY17: Ficci

Tue, Aug 30, 2016

Indian economy is estimated to grow at 7.8% in the current financial year of 2016-17 (FY17) on the back of good monsoon, better performance of agriculture and industry sector, said a latest survey by Ficci.

‘Work In Progress': India to grow at 7.6% this year, RBI says

‘Work In Progress': India to grow at 7.6% this year, RBI says

Tue, Aug 30, 2016

RBI, in its annual report, said, "Expectations of a good monsoon (which has already started to show some positive signs) coupled with more money in the hands of government servants (as a result of the implementation of the 7th Pay Commission recommendations) should boost consumer demand."

Moody's retains India GDP forecast, ups China's estimates

Moody's retains India GDP forecast, ups China's estimates

Thu, Aug 18, 2016

A change in US policy stance that contributes to a weakening of the current global trade and security architecture could have a detrimental impact on global confidence and growth, and would prompt us to revise our forecasts, Moody's said.

Economic growth of over 8% for 30 years will bring the best of the world to India: PM Modi

Economic growth of over 8% for 30 years will bring the best of the world to India: PM Modi

Sat, Aug 06, 2016

PM Modi said, “India is among the fastest growing economies in the world. The world is in recession. Despite the purchasing capacity of world going down, we have a growth rate of 7.6%.”

Services PMI rises to three-month high in July on buoyant orders

Services PMI rises to three-month high in July on buoyant orders

Wed, Aug 03, 2016

"The Indian service economy started the second semester on a solid footing, posting its strongest performance since April and thereby indicating that underlying demand conditions remained reasonably firm," said Pollyanna De Lima, economist at survey compiler Markit.

Citi says India's 2016-17 growth at 7.7% on monsoon, Pay panel award

Citi says India's 2016-17 growth at 7.7% on monsoon, Pay panel award

Tue, Aug 02, 2016

The report further noted that it is comfortable holding on to its 7.7 per cent 2016-17 GDP growth forecast for now because of rural economy boost from a better monsoon and 7th Pay Commission impact on public sector salaries.

Improve on these counts to grow, IMF tells India

Improve on these counts to grow, IMF tells India

Tue, Jul 26, 2016

During the meet, the IMF said that India’s economy is on recovery path, supported by lower oil prices, positive policy actions and improved investor confidence.

Digital payments to rise to a $500 billion ecosystem in India by 2020: Report

Digital payments to rise to a $500 billion ecosystem in India by 2020: Report

Mon, Jul 25, 2016

The report further said that physical point-of-sale like kirana and unorganised retail will drive 60% of digital payments value.

Big 25 reforms that changed India's growth story

Big 25 reforms that changed India's growth story

Sat, Jul 23, 2016

The year 2016 marks the silver jubilee anniversary of India's historic economic liberalisation, a move that can only be credited for making the country one of the fastest growing economy in the world today.

Rupee rises on positive GDP numbers; up 5 paise against dollar in early trade

Rupee rises on positive GDP numbers; up 5 paise against dollar in early trade

Wed, Jun 01, 2016

Trading sentiments also got a boost after macro-economic indicators such as GDP numbers and core sector growth showed that the country's economy has gained momentum.

HSBC upgrades India to neutral; 2016 Sensex target at 26,000

HSBC upgrades India to neutral; 2016 Sensex target at 26,000

Mon, May 16, 2016

"We raise India to neutral in an Asian context. We raise our 2016 Sensex target to 26,000 (from 25000)," HSBC said in a research note.

Corruption, uncertain policies remain key concerns on India, says Moody's

Corruption, uncertain policies remain key concerns on India, says Moody's

Fri, Apr 29, 2016

Moody's, which has given for India a credit rating at 'Baa3' -- or just a level above the junk category -- had said on Wednesday that it would consider a rating upgrade after 12-18 months, depending on improvement in macroeconomic parameters in India.

'India narrowing gap with China on FDI inflows'

'India narrowing gap with China on FDI inflows'

Tue, Apr 26, 2016

FDI inflows to India are picking up. They rose from 1.7 per cent of GDP in 2014 to 2.1 per cent in 2015, narrowing the gap with China (2.3 per cent of GDP in 2015).

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