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Tag: Economy

Despite IMF Projections, India Still Among Fastest Growing Economies: FM Sitharaman

Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, said Union Finance Minister Nirmala Sitharaman. The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of […]

India fastest growing economy at 7.4% in 2018: IMF

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 […]

Odisha's economic growth rate declines

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 […]

Economy will witness higher growth in coming quarters: Jaitley

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 […]

Yashwant Sinha BJP
Can't watch 'cheerharan' of economy silently: Yashwant Sinha

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 […]

Appropriate action to tackle economic slowdown soon: Jaitley

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 […]

CII expects economy to rebound in Oct-Mar

New Delhi: Industry body CII today said it expects a recovery in India’s economy in the second half of this financial year. The chamber said that lowering interest rates by 100 basis points could inject a huge growth impulse. In a statement, the Confederation of Indian Industry pointed out that in many sectors, including automobiles, […]

Modi government has made economy sluggish: Congress

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 […]

World Bank
India to grow at 7.2% in 2017-18: World Bank

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 […]

Arun Jaitley
21st century belongs to Asia, Africa: Arun Jaitley

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 […]

india economy
CII predicts 7.5-8% growth of Indian economy

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 […]

india internet economy
India's internet economy set to hit $250 bn by 2020

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 […]

Trump 1, free trade 0: G20 nations bow to US pressure

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 […]

Rupee movement, inflows of funds to guide Indian equities

Mumbai: Aiming to retain their psychologically- significant levels, key Indian equity indices will seek direction from the movement of the rupee, influx of foreign funds and global macro-economic data during the trade week starting March 20. “With no major domestic triggers or events in the coming week, investors should continue to keep an eye on global […]

Mobile industry contributes $1.1 tn to Asia Pacific economy: Study

Shanghai: The mobile industry in Asia Pacific contributes more than $1 trillion per year to the region’s economy, fuelled by rising mobile broadband and smartphone penetration, a new report by Groupe Speciale Mobile Association (GSMA) said. GSMA is an association of mobile operators and related companies devoted to supporting the standardising, deployment and promotion of […]

Naveen blames Centre's economic polices

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Friday said the state would perform well on economic front despite the Centre’s “faulty” policies. “During the first two years of the 12th Plan faulty policies of the Centre and general economic slow down have affected growth, but we hope to do better in the coming years,” Patnaik […]