GDP to grow 8% in FY16; hit $3 trn mark in 5 years: Panagariya

Last Updated: Monday, June 29, 2015, 18:40

India's growth rate is expected to accelerate to 8 percent in the current financial year and the economy will surpass USD 3 trillion mark in less than five years, NITI Aayog Vice Chairman Arvind Panagariya said on Monday.

India to be among top 3 economies globally by 2030: Report

Last Updated: Wednesday, June 24, 2015, 16:52

Emerging markets are expected to grow faster than developed economies, and India is likely to become the third largest economy by 2030 in the world after China and the United States, says a report.

Weak public finances strain India's rating upgrade: Fitch

Last Updated: Monday, June 22, 2015, 20:55

Government's reform initiatives have unlocked Indian "economy's dynamism" but weak public finances continue to remain a strain on any rating upgrade, global ratings firm Fitch said on Monday.

Momentum of restoring credibility of Indian economy has to be sustained: FM Jaitley

Last Updated: Monday, June 22, 2015, 12:27

Describing reasons for "huge amount of enthusiasm amongst investors", he said first "the reform process is clear, the government's thinking is clear. A lot of changes are in the pipeline."

Policy instability deterred investment in India: Jaitley

Last Updated: Friday, June 19, 2015, 23:45

India has the potential to grow at 8-9 percent or even more in the next one to two years and global investors cannot ignore such an economy, Finance Minister Arun Jaitley said on Friday while blaming policy instability for deterring investment in the past.

India committed to achieve inclusive growth: Dattatreya

Last Updated: Monday, June 15, 2015, 17:39

He assured that the government is committed to protect and safeguard the interests of workers and uphold the dignity of labour.

Citigroup pegs India's GDP growth at 7.9% this fiscal

Last Updated: Thursday, June 11, 2015, 15:21

According to the global financial services major, investment and consumption uptick is likely to result in a growth pick-up from 7.3 percent in 2014-15.

Logistics players can gain 30% on cost from GST: Crisil

Last Updated: Tuesday, June 9, 2015, 16:36

The elimination of check posts will also help deliver savings as goods move faster, the agency said, pointing out that the consumer durables sector will benefit the most.

Services sector contracts for first time in 13 months: HSBC

Last Updated: Wednesday, June 3, 2015, 10:57

India's services sector activity contracted for the first time in 13 months in May, largely due to decline in new order flows amid competitive pressure and natural disasters.

RBI lowers GDP growth forecast to 7.6% for FY16

Last Updated: Tuesday, June 2, 2015, 16:01

The Reserve Bank on Tuesday lowered the economic growth forecast for the current fiscal to 7.6 percent from 7.8 percent projected in April, citing various risks, including poor monsoon and rising crude oil prices.

RBI estimates current account deficit at 1.5% in FY16

Last Updated: Tuesday, June 2, 2015, 15:34

Current account deficit is estimated to be around 1.5 percent of the GDP in the current fiscal, helped by sharp fall in oil prices even as gold imports rose in the past few months, the Reserve Bank said on Tuesday.

India's GDP may grow at 7.7% in FY16: Standard Chartered

Last Updated: Monday, June 1, 2015, 22:18

The country's economic growth is likely to accelerate to 7.7 percent in the current fiscal on account of improvement in investment and household consumption expenditure, Standard Chartered said in a report.