If the forecast materialises, it would mark an improvement from two successive years of below 5% economic growth in India.
WPI inflation eases for a 6th straight month in November to its lowest in nearly 5-1/2 years.
UN report says India is likely to make progress in implementing economic policy reforms and help provide support to business confidence.
Listing the priorities before the government, he said, there is a need to pursue macroeconomic stability, build world class infrastructure, unlock entrepreneurial energy and put in place a social security system.
Finance minister Arun Jaitley on Wednesday spelt out further reforms including plans to raise the foreign investment cap in insurance sector.
As states face a renewed fiscal crisis, the Modi government should shed Delhi’s old patronising ways, restructure states’ debt.
Services sector activity in India accelerated at the fastest pace in five months in November…
The third and fourth quarters numbers are likely to be better.
FM Arun Jaitley would argue for RBI Governor Raghuram Rajan to lower interest rates.
India’s economic growth probably slowed to around 5 percent in the three months to September…
The government has been hoping to rev up economic growth this fiscal, which was less than 5 per cent for two straight years.
UK’s coalition leader quoted recent World Bank figures, which forecast South Asia to grow by over 6 per cent this year.
Economic think-tank had suggested that the Indian economy was likely to grow at 5.7 per cent in 2014-15
Lower oil subsidy has eased burden on fiscal deficit.
Oil Minister Dharmendra Pradhan plans to overhaul the exploration policy to attract investors.