Nomura upbeat on India, sees FY15 GDP growth at 5.5%

Last Updated: Friday, December 5, 2014, 22:52

India is heading towards growth with macroeconomic stability and its economy is likely to expand at 5.5 percent in the current fiscal, Japanese brokerage firm Nomura said Friday.

RBI says 'reasonably comfortable' with current account deficit

Last Updated: Wednesday, December 3, 2014, 15:14

The Reserve Bank of India is "reasonably comfortable" with the current account deficit because of lower oil prices, deputy governor H. R. Khan said.

Fundamentals 'very strong', Fin Min assures investors

Last Updated: Monday, January 27, 2014, 19:38

The currencies world over behave in a different manner depending on their own fundamentals, Mayaram said, adding that India has seen considerable improvement in its CAD situation.

Economic fundamentals strong, no cause for concern: Govt

Last Updated: Monday, January 27, 2014, 11:37

Seeking to assuage investors worried over declining value of the rupee and falling stock markets, the Finance Ministry Monday said country's economic fundamentals are "very strong" and there is no cause for concern.

Gold import curbs to stay until India has firm grip on CAD: FM

Last Updated: Thursday, January 23, 2014, 17:37

Finance Minister P Chidambaram on Thursday said curbs on gold imports can be rolled back only after India obtains a firm grip on the Current Account Deficit (CAD).

Sonia Gandhi for action on gold duty; government says not now

Last Updated: Thursday, January 23, 2014, 16:49

Sharma, who too is in Davos, said the mechanism linking gold imports with exports has been working well.

Worst over for economy; FY 14 growth at 5.5%: Moody's Analytics

Last Updated: Wednesday, January 22, 2014, 15:44

The worst is over for India's economy, though growth may reach its potential only next year, with GDP expansion likely to touch 5 to 5.5 percent this year and more than 6 percent in 2015, Moody's Analytics said.

FY14 trade deficit to be $156 bn; CAD at $42 bn: Citigroup

Last Updated: Monday, January 13, 2014, 17:00

India's trade deficit for the current financial year is likely to be contained at USD 156 billion, resulting in the current account deficit coming in at USD 42 billion, Citigroup said.

'Narrowing CAD good for rupee but poll results a two-way risk'

Last Updated: Sunday, January 12, 2014, 13:48

Over the next 6-12 months, Barclays forecasts that the rupee would be at 61/USD, while the 2014 election outcome remains a large two-way risk.

'Govt must slash spending by Rs 1-tn to meet fiscal target'

Last Updated: Thursday, January 9, 2014, 17:39

The government will have to cut expenditure by up to Rs 1 lakh crore in the remaining part of the fiscal if it is to meet the budgeted fiscal deficit target of 4.8 percent, foreign brokerage Barclays has said.

CAD will come down to $50 bn in 2013-14: Mayaram

Last Updated: Thursday, January 9, 2014, 10:41

Encouraged by rise in exports and decline in gold imports, Economic Affairs Secretary Arvind Mayaram said the current account deficit (CAD) will come down to about USD 50 billion in the current financial year.