Despite global uncertainties, banking sector issues, the economy stands out in terms of growth as compared to other emerging markets and the Indian financial system remains stable, a report released by Reserve Bank today said.
The Index of Industrial Production (IIP) contracted 0.8 per cent in April compared with 0.1 per cent growth in the previous month.
India is the "obvious candidate" to push global growth amid a lingering slowdown but it will need sustained GDP expansion to reach, by the middle of next decade, the share of world GDP that China had at the height of its boom in 2005, says an HSBC re
The World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a "lower-middle-income" economy in South Asia, a top official has said.
Enthused over encouraging GDP numbers, Finance Minister Arun Jaitley today said the government will push ahead with its reform agenda to retain the fastest growing large economy tag and help India move towards becoming "a more developed economy".
Noting that India has been "slower" than other countries in entering free trade agreements, NITI Aayog Vice Chairman Arvind Panagariya said India will need to capture some of the world markets if it has to sustain an eight to 10 per cent growth rate
Tokyo: Indian economy is treading the upward curve in its growth trajectory and investors wanting higher returns should park funds in infrastructure and manufacturing sector, Finance Minister Arun Jaitley said today. As the economy clocked
Wooing Japanese investors, Finance Minister Arun Jaitley today promised more structural and market-oriented reforms as well as stepping up infrastructure spending to accelerate economic growth beyond the current 7.6 per cent. He also promised to refo
The Indian economy is undoubtedly doing well despite various problems and bad weather conditions that impacted agriculture.
Confident of clearing up the bad-loan mess, RBI Governor Raghuram Rajan on Friday said there is "absolutely no chance of a Lehman moment" in India and a three-cornered firewall was being created to safeguard the economy from external shocks.
United Nations :Notwithstanding delays in domestic policy reforms, India's economy is "slowly gaining momentum" and is projected to grow by 7.3 per cent this year, a UN report today forecast. The World Economic Situation and
Foreign banks have stopped opening branches in India as they need to set aside a lot more capital due to the country's "higher risk" credit rating and they feel it is "not worth" doing so, Reserve Bank Governor Raghuram Rajan has said.
New Delhi: Already the fastest growing major economy in the world, India can grow at an even faster pace this year if predictions of good monsoon hold up, Finance Minister Arun Jaitley said today. Replying
New York: In a rebuttal to RBI Governor Raghuram Rajan’s remarks that India is ‘one-eyed king in the land of blind’, Finance minister Arun Jaitley today stated that the ‘Indian economy was growing much faster, in fact, the fastest’ as compared to th
Reserve Bank of India (RBI) Governor Raghuram Rajan has described Indian economy as ‘the one-eyed man’ being king in the land of blind.
Union Finance Minister Arun Jaitley today said that India's current growth rate of 7.5 per cent is not enough as per its own requirement standard and the country has the potential to do better.
Market benchmark sensex was trading at over three-month highs in late Wednesday morning deals after zooming 412.71 points while the broader NSE Nifty recaptured the 7,800-level, led by buying in banking and auto stocks on likely "above normal" monsoo
Credit rating agency Moody's Investors Service on Thursday said India's rising foreign direct investment (FDI) inflows reduces the current account deficit and also the external financing needs.
With strong growth and rising real income, India remains a bright spot in the global economy, IMF chief Christine Lagarde said today.
Japanese Prime Minister Shinzo Abe has acknowledged that under Prime Minister Narendra Modi’s leadership, the Indian economy was now serving as the ‘engine of global growth’.
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