The constraints in the financial system have further worsened the monetary tightness. As growth continues to slow and inflation stays below the target, interest rates may keep falling, but likely not fast enough to revive growth quickly.
Economists are looking at signals such as drop in vehicle sales and production cut, drop in consumption of food items, slower growth in core industry segments. A look at the possible reasons, and the concerns
In an apparent backhanded praise, Swamy said he does not understand why the prime minister says India is the world's fifth largest economy when, as per scientifically acceptable procedures for GDP calculations, the Indian economy is the third largest after the USA and China.
Responding to a question on India's economic development in the last five years at a fortnightly news conference, IMF communications director Gerry Rice said, "India has of course been one of the world's fastest-growing large economies of late."
Retail inflation, based on Consumer Price Index (CPI), increased to a four-month high of 2.57 per cent in February on the back of rise in prices of non-food items even as food inflation continued to remain in the negative zone, a separate set of data released Tuesday showed.
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.
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.
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.