Goldman Sachs pegs India growth at 8% on TEE's boost

Last Updated: Monday, September 14, 2015, 19:00

India is likely to become the fastest-growing emerging market this year and its potential growth could rise to 8 percent over the next five years driven by Technology, gains in Education and Ease of doing business due to less red tape, Goldman Sachs said today.

GDP growth to exceed 7.5% this fiscal: Govt

Last Updated: Monday, September 14, 2015, 14:56

The Indian economy expanded by 7 per cent in the first quarter (April-June) of current fiscal. In last fiscal, the GDP growth was 7.3 per cent.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Knee-jerk reaction not answer to emerging challenges: FinMin

Last Updated: Tuesday, September 8, 2015, 23:38

The Finance Ministry Tuesday said "knee-jerk" reaction is not the answer to the current challenges being faced by India and assured that measures initiated by the government will boost growth.

India remains attractive investment destination: CEA

Last Updated: Tuesday, September 8, 2015, 23:33

Amid the global financial turmoil, Indian economy will grow at the highest rate and also remain an attractive investment destination, Chief Economic Advisor Arvind Subramanian said Tuesday.

Indian economy sees 'firming growth', says OECD

Last Updated: Tuesday, September 8, 2015, 20:01

Amid the global economy witnessing mixed trends, Paris-based think tank OECD on Tuesday said India is expected to see "firming growth" while the outlook for China continues to deteriorate.

PM Modi seeks to capitalise on China's market woes

Last Updated: Tuesday, September 8, 2015, 18:07

Modi reportedly urged business leaders including Reliance Industries owner Mukesh Ambani -- India`s wealthiest man -- to take greater risks and scale up investments as concerns over China`s economy grow.

UBS cuts India's growth forecast to 7.1% for FY16

Last Updated: Tuesday, September 8, 2015, 16:13

Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.

'One-day strike cost Rs 25,000 crore to economy'

Last Updated: Wednesday, September 2, 2015, 19:57

As a nationwide strike of trade unions hit banking and other services Wednesday, business chambers today pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.

Morgan Stanley revises FY16 growth outlook to 7.5% from 7.9%

Last Updated: Wednesday, September 2, 2015, 16:12

The Indian economy is expected to clock a 7.5 percent GDP growth in this fiscal year, slightly lower than the previous estimate of 7.9 percent largely because of bad weather and weak external demand, Morgan Stanley said in a report.

India's 2015-16 GDP growth still seen at around 8%: Subramanian

Last Updated: Wednesday, September 2, 2015, 14:11

The Indian economy is still expected to grow around 8 percent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry on Tuesday.

Economic growth slows to 7% in April-June quarter

Last Updated: Monday, August 31, 2015, 19:34

Reflecting a muted performance, the GDP growth slowed to 7 percent in the April-June quarter, from 7.5 percent in the previous quarter, amid deceleration in farm, services and manufacturing sectors.