Important that domestic demand is main driver of growth: Rajan
The forecast comes just days after the IMF as well as the World Bank estimated that India would grow at 7.5 per cent in 2015-16.
Contraction in engineering goods, electronics, gems, jewellery exports.
The IMF Managing Director’s Global Policy Agenda (GPA) document released on Thursday said there is a need for countries including India to accelerate structural reforms to lift growth potential and ensure inclusiveness.
Upgrades India rating outlook from ‘stable’ to ‘positive’.
"It confirms the fact that growth and macro-economic prospects of the country are improving," said the CEA.
Moody's has a 'Baa3' rating on India, which stands for below investment grade.
The Reserve Bank today said it is assessing the impact of unseasonal rains and hailstorms on food prices...
Post-Budget meet: Amid signs of tension, Raghuram Rajan too backs PMDA, calls concept a worthwhile move
Analysts said the Sebi move is quite late as valuations of e-commerce firms have already soared and many are looking at overseas listing.
Last week, the IMF said in an annual report that India's economy is recovering.
Kerala has recorded a growth rate of 6.49 per cent in the last fiscal, which is above the national average.
Jaitley met foreign portfolio investors (FPIs) and discussed various issues relating to the capital market.
US has given India time till Sept 30 to put in place a framework to track down the assets that nationals of each country hold in the other nation without reporting to domestic tax authorities.
Emerging markets' output growth rose to a 5-month high in February, and manufacturing as well as services sector in India expanded...
Following are the highlights of the Union Budget 2015-16.
Subramanian has advocated the gradual reduction of SLR that currently stands at 21.5 per cent, which would free up capital.
The inadequacy in allocations has resulted in railways share in the country’s overall development expenditure.
The CVD, which is levied to offset the excise duty imposed on domestic producers, is not applied on a range of imported products.
Survey projects growth rate above 8.1% in 2015-16, moderate inflation
The economic survey was tabled by Arun Jaitley in Parliament today.
Reform measures undertaken by the government to accelerate growth and address fiscal and supply side constraints...
Observing that democratic accountability is very strong in India, Rajan says 'we may have a long way to go'.
However, the food prices remained high, according to the the data released.
Prior to Modi’s election in May, the economy had endured its weakest phase of growth since the mid-1980s.
The CAG had computed the figure of Rs 295 per metric tonne as additional levy.
Capital amount decided on banks’ performance: FinMin
Jaitley hinted at a stable tax regime, saying that 'no unfair effort' will be made by states and the Centre to mop up revenues.
Global food prices continued to fall in January from over previous month partly influenced...
India's foreign exchange reserves surged by USD 5.84 billion to touch a fresh life-time high...
Along with Chhattisgarh and Orissa, Bihar recorded highest improvement.
The growth rate of eight core sector industries slowed to three-month low of 2.4 per cent...
The government led by Narendra Modi is pro-poor and pro-business, said Sinha.
In the biggest ever disinvestment exercise, the government's 10 per cent stake sale in Coal India...
The identification of “eligible households” has been left to the state governments.
Calling for structural reforms to bolster global growth, business leaders and experts today emphasised...