Indian economy

Indian economy News

With the economic centre of gravity shifting to states, India’s growth hinges on cooperative federalism.

India’s prospects, including our aspiration for a $5 trillion economy, depend on the Centre and the states working together.

Finance minister fudged Budget figures to hide real deficit: Yashwant Sinha

"She used revised estimates....because the revenue receipts had declined so considerably that she wouldn't have claimed that fiscal deficit would be only 3.3 per cent or whatever that claim was," Sinha said.


Moody’s cuts India forecast for 2019: ‘Slowdown lasting longer than expected’

India’s economy grew 5 per cent year-on-year in the June quarter, its weakest pace since 2013, which had prompted a slew of interest rate cuts by the Reserve Bank and forcing the government to cut corporate taxes sharply.

‘Millennials among the most credit-conscious consumer segments’

Despite their high appetite for credit, the Cibil study revealed that millennials are one of the most credit-conscious consumer segments in the country.

Creating spaces for different opinions is only way to craft policies that encourage investment

All nations in the world today face a challenge of expertise. Because the world has become so complex, it is impossible for all of us to know everything.

Cooperation of different states can help India become a $5-trillion economy: PM Modi

“This dream of achieving a $5 trillion economy does not belong only to the Centre. This goal can only be achieved with the cooperation of different states,” said the PM at the Rising Himachal Global Investors’ Meet, taking place till Friday.


Mirroring slowdown, core sector output shrinks 5.2% in September

Core sector growth in August, earlier expected to be at a three-and-a-half year low, was revised upward to 0.1 per cent from a decline of 0.5 per cent earlier.

Part of the problem with the Indian economy is that no one knows what to believe

On the Indian economy, no one knows what to believe. This makes the uncertainty of our moment more endemic.

Weak volumes hit sales, but lower taxes a silver lining

Total expenses, however, fell by 0.8 per cent YoY on the back of a sharp fall of 255 basis points (bps) in the raw materials bill, allowing operating profit margins to expand 130 bps YoY.

Fitch slashes India’s growth outlook to 6-year low of 5.5 per cent

While an array of factors have contributed to the slowdown, including a downturn in world trade, Fitch said the severe credit squeeze has taken a heavy toll.

Indian economy Photos

Postcards of Change: Transforming cities take centrestage

Indian cities are yet to get the attention they deserve despite their role as the growth engines of the economy.

Indian economy Videos

‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'

Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.


No need for 'exaggerated panic' among investors: Jaitley

New Delhi, Feb 12 (ANI): As the Bombay Stock Exchange (BSE) Sensex plunged around 800 point on Thursday, Finance Minister Arun Jaitley on Friday came out to calm the investors, saying that there was no need for an 'exaggerated panic' among investors. Jaitley emphasised that the investors should keep in mind the inherent strength of the Indian economy while investing. He added that the Government is fully committed to empower and support public sector banks by providing whatever capital requirements is required, adding that the problem of recovering bad loans from the borrowers will soon be ended.