India's growth to reach 6.3% in 2016: UN report

Last Updated: Monday, January 19, 2015, 20:38

India will see a gradual growth acceleration with its GDP expected to reach 5.9 percent this year and 6.3 percent in 2016, the UN said Monday while partly crediting the recovery to improved market sentiment after the new government took office and announced key reforms.

Gold imports plunge in December

Last Updated: Thursday, January 15, 2015, 20:14

However, gold imports were still higher on a year-on-year basis by 7.4 percent from USD 1.25 billion in December 2013.

Govt committed to meet 4.1% fiscal deficit target: CEA

Last Updated: Friday, December 19, 2014, 19:04

The government is committed to containing fiscal deficit at 4.1 percent of the GDP this fiscal, Chief Economic Advisor Arvind Subramanian said on Friday.

RBI may cut rates early next year: Rangarajan

Last Updated: Thursday, December 18, 2014, 17:44

The Reserve Bank of India may go for rate cut early next year as price situation is showing 'definite improvement', former chairman of Prime Minister's Economic Advisory Council, C Rangarajan said on Thursday.

Falling rupee may spook rate cut hopes, says SBI

Last Updated: Wednesday, December 17, 2014, 19:46

The continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank, according to a survey.

Gold imports dip to 661 tonnes in FY14

Last Updated: Wednesday, December 17, 2014, 17:07

Gold imports stood at 661.71 tonnes during 2013-14 as compared with 1,013.72 tonnes in the previous fiscal, Parliament was informed Wednesday.

CAD likely to be 1.6% of GDP in FY15: Nomura

Last Updated: Wednesday, December 17, 2014, 14:34

India's current account deficit is likely to be around 1.6 percent of GDP in the current financial year amid higher imports, Japanese brokerage firm Nomura has said.

CAD at comfortable level, but there are risks: Raghuram Rajan

Last Updated: Thursday, December 11, 2014, 18:12

Reserve Bank Governor Raghuram Rajan on Thursday said the current account deficit (CAD), which has widened to USD 10.1 billion or 2.1 percent of GDP in July- September period, is still at comfortable level although there are risks.

Analysts see FY15 CAD at 1.4% on further likely fall in crude

Last Updated: Tuesday, December 9, 2014, 17:27

Analysts have allayed fears of widening current account deficit, which is 2.1 percent of GDP for the July-September period, and pegged it in the range of 1.4 to 1.8 percent for the full 2014-15 fiscal due to falling crude oil prices.

Rise in current account deficit not matter of concern: Arun Jaitley

Last Updated: Tuesday, December 9, 2014, 15:13

The CAD in second quarter this fiscal increased on account of higher trade deficit contributed by deceleration in export growth and increase in imports.

Current account deficit rises to $10.1 bn in Q2 as gold imports soar

Last Updated: Monday, December 8, 2014, 19:53

The current account deficit widened to USD 10.1 billion or 2.1 percent of GDP for the September quarter as against 1.2 percent in the year-ago period due to higher trade deficit, the Reserve Bank said Monday.

Current account deficit widens to $10.1 billion in Q2

Last Updated: Monday, December 8, 2014, 18:23

With exports contracting and trade deficit widening to USD 13.35 billion in October, India's current account deficit (CAD) rose to USD 10.1 billion or 2.1 percent of the GDD in the July-September quarter.