Tag: Economy

India has one of the most promising economies globally. India has surpassed Britain to become the world's fifth largest economy.

The world economy has been dealt multiple blows, with the war in Ukraine driving up food and energy prices following the coronavirus outbreak, while soaring costs and rising interest rates threaten to reverberate around the globe.

India, which is now targeting to touch the $5 trillion economy level in the next few years, recorded a GDP growth rate of 13.5 per cent for the April-June quarter of the current financial year.

Initiating a discussion on prise rise under Rule 193 in the Lok Sabha, he alleged that one per cent of the people are controlling 77 per cent of the nation wealth.

Bhubaneswar: Odisha’s economy is estimated to grow at 7.14 per cent in 2017-18 as compared to 7.94 per cent (Advance Estimates) in 2016-17, revealed the Economic Survey Report 2017-18, which was tabled in the Odisha Assembly today ahead of the State Budget. As per the report, Odisha’s Gross State Domestic Product (GSDP) is likely to […]

United Nations: The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive. The IMF’s Asia and Pacific Regional Economic Outlook report said that India was […]

New Delhi: Lauding the upward movement of the GDP number for the second quarter of 2017-18, Finance Minister Arun Jaitley said the rise in growth after five quarters marks the reversal of the trend and the economy will witness high growth rates in the coming quarters. “Last five quarters have witnessed downward trend. The 6.3 […]

New Delhi: In a riposte to Prime Minister Narendra Modi, senior BJP leader Yashwant Sinha on Thursday said he won’t watch silently when the Indian economy was facing “cheerharan” — like Bhishma when Draupadi was disrobed in the Mahabharata. Replying to Modi’s speech on Wednesday in which he compared his critics to Shalya, the demoralising […]

New Delhi: Acknowledging that private investment was short in coming, Finance Minister Arun Jaitley on Thursday said that the government will come out with “appropriate action” at the right time to boost the economy. “From day one, this is a proactive government. We are analysing the economic indicators and appropriate action will be taken at […]

New Delhi: The Congress on Monday accused the Narendra Modi government of turning India’s economy from the “fastest growing” into a “sluggish and stagnating” one, and said growth and investment rates have seen a decline. Talking to reporters here, Congress spokesperson Abhishek Manu Singhvi also hit out at BJP National President Amit Shah. He said […]

New Delhi: The World Bank on Monday projected a 7.2 per cent growth rate for India in 2017-18 due to the impact of demonetisation and protracted investment recovery. In its bi-annual economic India Development Update, the World Bank said the growth will accelerate to 7.2 per cent from 6.8 per cent in 2016-17. “Economic activity […]

Gandhinagar: The 21st century will not only belong to Asia but also to Africa, hence India and Africa should navigate the journey together to shape their common future, Finance Minister Arun Jaitley said on Tuesday. Addressing the 52nd annual meeting of the African Development Bank here, Jaitley said while India has been a bright spot […]

New Delhi: Industry body Confederation of Indian Industry (CII) on Thursday predicted that India’s economic growth rate for 2017-18 will range between 7.5 and eight per cent. According to newly elected CII President Shobana Kamineni, key reforms such as the introduction and implementation of the Goods and Services Tax (GST) system will be a growth […]

New Delhi: Driven by e-commerce and financial services, India’s internet economy is expected to double from $125 billion to $250 billion — growing from the current five per cent to 7.5 per cent of the country’s GDP, a joint report by The Boston Consulting Group (BCG) and The Indus Entrepreneurs (TIE) said on Friday. With […]

Berlin: The world’s biggest economies have dropped a long-standing public endorsement of free trade at their first meeting with the US President Donald Trump’s administration. Finance Ministers and central bank Governors from the G-20 group of leading economies, including the US, China, Mexico, Germany and India, held two days of tough talking in the German town […]