Indian economy

Indian economy News

'Indian economy expected to grow at 7.5% in 2019-20'

Slippage on the fiscal front is imminent, with fiscal deficit rising to 3.5 per cent of GDP in 2018-19 instead of budgeted 3.3 per cent, Ind-Ra said.

FY19 GDP growth fastest in 3 years at 7.2 per cent, despite lower H2 projection

During April-September, the GDP growth was recorded at 7.6 per cent. With GDP growth estimated to be 7.2 per cent for the full year, the GDP growth will work out to be 6.8 per cent for second half of this financial year.

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Slackening of demand indicators weakens India’s growth impetus

Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story.

Growing constraints on capacity could push the investment cycle next year

The rise in investments will, however, be driven by the government, which has been the primary driver of investments over the last couple of years at least.

Primary market mobilisation falls 60% to Rs 63,744-crore

Fund mobilised through main board initial public offerings (IPOs) declined to Rs 30,959 (24 issues) as against 36 IPOs that raised Rs 67,147 crore in the previous year.

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Non-food bank credit grows by 15.07 per cent, deposits by 9.66 per cent

Deposits with the banking system grew 9.66 per cent y-o-y to Rs 118.84 lakh crore as on December 7, compared to deposits amounting to Rs 108.37 lakh crore in the previous year.

Dip in jobs, profits for MSMEs; noteban, GST to blame: Survey

While job loss was reported at the rate of 43% in the trader segment, micro-segments reported job losses of 32%, small segments reported 35% and medium-scale industries reported 24% job losses.

Pronab Sen interview: ‘Data release by anybody other than the CSO sends out wrong message’

The NITI Aayog’s like the old Planning Commission is a political one. It is supposed to be an extension of the Prime Minister's Office and the moment the NITI Aayog comes into the picture, it tends to give a political colour.

DIPP Secretary Ramesh Abhishek: ‘Our major challenge is to make people feel reforms’

Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP), said that India would like to move to top of ease of doing business (EODB) rankings and the full impact of GST and other reforms would be felt next year.

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.

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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.

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