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Indian economy News
World Bank to reveal ‘Ease of Doing business’ ranking today; where will India stand?
Wed, Oct 31, 2018
In the World Bank Ease of Doing Business ranking, India cracked the top 100th list for the first time last year. This was one of the bigger achievement of Prime Minister Narendra Modi.
Big boost for Modi govt? On World Bank ease of doing business index, Prabhu hints India's rank improved
Wed, Oct 31, 2018
The World bank ranks countries based on 10 parameters, including starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts, and resolving insolvency.
Proud moment! India is No.1! Money-wise Indian affluent consumers are the savviest in Asia
Tue, Oct 30, 2018
India is Asia's most investment savvy economy and more than two-thirds of the country's affluent class prefer to use various investment products to achieve their financial goals and greater social mobility, said a new Standard Chartered study conducted on 11,000 emerging affluent consumers across
RBI walks the talk! Chooses CPI over weak rupee; is 75-mark soon-to-be reality? The case for domestic currency
Mon, Oct 08, 2018
Today, the rupee finished at 74.040 down by 0.065 or 0.09% against US dollar. However, in early hours of trading, the Indian rupee touched an all-time low of 74.165.
Mutual Fund Tip: Want to earn additional 1-1.5% returns? Why it would be wrong
Thu, Oct 04, 2018
During the last few years, Indian economy has seen huge participation by retail investors in mutual fund investments. If you are an existing MF investor or someone wanting to invest in a MF, you must be aware about the direct and regular MF schemes.
Fuel crisis 'small storm' for robust Indian economy: Official
Fri, Sep 28, 2018
The government sees the rising fuel prices and falling rupee as a "small storm" for an otherwise robust Indian economy which it expects to sail through due to various steps, a senior Finance Ministry official said on Thursday.
Crude on boil: This is how vulnerable India is to oil price rise
Thu, Sep 20, 2018
Days are getting bleaker for India’s economy after the US President Donald Trump’s plan to to impose sanctions on Iran was revealed. It targets the energy sector from November 5th this year.
India ranks 3rd globally in terms of number of family-owned businesses
Fri, Sep 14, 2018
India ranks third globally in terms of number of family owned businesses with 111 companies of USD 839 billion total market capitalisation, followed closely after China with 159 firms and the United States with 121 firms, says a report.
CPI, IIP numbers today; will RBI's nightmare come true?
Wed, Sep 12, 2018
It needs to be noted that, IIP data will be released for the month of July 2018 and CPI August 2018.
India's CAD widens to $15.8 bn in Q1FY19; RBI blames higher trade deficit
Fri, Sep 07, 2018
RBI data revealed that the widening of CAD on yearly basis was primarily on account of a higher trade deficit at $45.7 billion as compared to $41.9 billion a year ago same period.
Independence Day 2018: How industry reacted to PM Modi's resolve to place India among top economies
Wed, Aug 15, 2018
Terming Prime Minister Narendra Modi's speech as progressive, industry bodies today said his nearly 90 minutes address to the nation from historic Red Fort reiterated the growing confidence of the world in the Indian growth story.
This step can arrest rupee slide
Wed, Aug 15, 2018
As the rupee today hit an all-time low of 70.1 against the US dollar, economists expressed concerns and suggested imposition of "restrictions" to stem the slide.
Proud moment! 'This elephant has started to run'
Thu, Aug 09, 2018
In its annual assessment of the Indian economy, the International Monetary Fund (IMF) sees all engines of growth – investment, consumption and exports – revving up and charging towards a 7.3% growth this fiscal despite the shadows of trade war and firm global crude prices looming large.
GDP may moderate to 7.2% in 2nd half of 2018: Report
Tue, Jul 31, 2018
The Indian economy is likely to have witnessed solid economic growth in the April-June quarter but leading indicators suggest a slowdown in the coming months, says a Nomura report.
India fastest growing economy in Asia; on track to meet FY18 target: ADB
Thu, Jul 19, 2018
The ADO published in April had said that India's economic growth will rise to 7.3 per cent this fiscal and further to 7.6 per cent in the next financial year, retaining the fastest-growing Asian economy tag, on back of GST and banking reforms.
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's exports up 17.57 pct at $27.7 bn in June; trade deficit widens to 43-month high
Fri, Jul 13, 2018
The trade deficit in June 2018 is the highest since November 2014 when the gap was USD 16.86 billion. The deficit in June 2017 stood at USD 12.96 billion. During April-June this fiscal, exports rose by 14.21 per cent to USD 82.47 billion.
India is world's 6th largest economy; this is whom it beat
Thu, Jul 12, 2018
Good news! World Bank data says India has emerged as the world's 6th largest economy and that too in 2017, beating France and likely to go past the United Kingdom, which is at the fifth position right now. Let us look at other facts based on an analysis of data compiled by the World Bank.
India emerges as world's 6th largest economy, surpasses France: WB data
Wed, Jul 11, 2018
As per the data, the GDP of France stood at USD 2.58 trillion. The United Kingdom, which is facing Brexit blues, had a GDP of USD 2.62 trillion, which is about USD 25 billion more than that of India, the data showed. The US is the world's largest economy with a size of USD 19.39 trillion, followed by China (USD 12.23 trillion) at the second place.
India's medical export-import policy at scanner of Sri Lanka, Pakistan, Bangladesh; Find out how
Sat, Jul 07, 2018
For instance, immediately after the price capping of stents by the Indian government, Pakistan, Sri Lanka and Bangladesh followed suit and got a similar line of price control.