Tag: Indian Economy

New Delhi: Prime Minister Narendra Modi on Thursday said his government will invest a massive Rs 100 lakh crore on developing modern infrastructure that will aid in nearly doubling the size of the Indian economy to USD 5 trillion in the next five years. Addressing the nation from the ramparts of the Red Fort here […]

Chennai: Finance Minister Nirmala Sitharaman on Sunday said that the government is consulting several sectors of the economy and the recent announcement are result of such consultations. Speaking to reporters here days after the mega bank mergers, Sitharaman said that she was ready to talk to representatives of every sector whoever approached her. She said […]

New Delhi: While 40 per cent Indians believe that our society is broken, a massive 69 per cent feel that the economy is rigged to favour the rich and powerful, a new survey said on Thursday. Nearly 68 per cent Indians also feel that the traditional parties and politicians do not care about them, revealed […]

New Delhi: Higher food prices pushed up India’s August retail inflation to 3.21 per cent from 3.15 per cent in July, official data showed on Thursday. However, the Consumer Price Index (CPI) in August was lower than the corresponding month of the last year when retail inflation stood at 3.69 per cent. According to the […]

New Delhi: Commerce Minister Piyush Goyal’s “gravity” gaffe refuses to die down. Former RBI governor Raghuraman Rajan on Friday launched a scathing attack on Goyal dissecting every word of his remark and saying that he fails to understand the “gravity” of economic slowdown. “When you don’t understand the #GRAVITY of the economic slowdown, the words […]

New Delhi: Finance Minister Nirmala Sitharaman is scheduled to announce further relief measures for the economy on Saturday to reverse the current economic slowdown. Though the agenda of her conference is not detailed, sources said that the focus of the announcements could be on measures to boost the realty and export sectors. The Finance Minister […]

New Delhi: BJP MP Subramanian Swamy, who has often criticised the government’s economic policies, believes only people with solid grounding in macroeconomics can pull the economy out of its current tailspin. He is of the opinion that the government today needs a crisis management team of experienced politicians and professional but politically-savvy economists who are […]

New Delhi: India Inc. on Friday double cheered the government’s Rs 1,45,000 crore stimulus, which includes slashing corporate tax to 22 per cent for domestic companies, lower tax of 15 per cent for new manufacturing firms and measures to boost the capital market. “We welcome the Finance Minister’s proposition of slashing corporate tax, scrapping surcharge […]

Mumbai: Market benchmark BSE Sensex skyrocketed by 1,075 points to close at more than two-month high on Monday, extending its bull run for a second straight day on the back of gains in financial, banking and FMCG stocks after the tax booster by the government. The broader NSE Nifty zoomed by 326 points or 2.89 […]

New Delhi: The Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also said that […]

New Delhi: The Indian economy, which has been witnessing slowdown over last few quarters, is likely to face several more risks in the near future, with one of the major factors being drop in private consumption, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also […]

Washington: India has been relatively hit hard by the recent global slowdown resulting in its projected growth dropping to 6.0 per cent in 2019, but it’s still a fast-growing economy with a lot of potential, a top World Bank economist said on Sunday. “It’s still a fast-growing economy. So even with the recent slowdown, it […]

New York: The newly-minted economics Nobel laureate Abhijit Banerjee has warned that the Indian economy is going into “a tailspin” and his prescription for the government is to focus on increasing demand rather than deficits or stability. “The economy going into a tailspin is the time when you don’t worry so much about monetary stability […]

Mumbai: Economic think-tank, National Council of Applied Economic Research (NCAER) on Saturday said India is likely to see a further slowdown in aggregate demand and GDP growth during 2019-20. NCAER also anticipated a recurrence of the large shortfall in tax revenue observed in 2018-19 but also added that its impact on the total revenue will […]

New Delhi: Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that growth has decelerated, but there is no slump and India is still projected to be the fastest-growing economy in FY20 among the G-20 nations. She said the government has been taking several measures to address moderate levels of fixed investment rate […]