India Economy

Long Before Finance Minister's Dig, Raghuram Rajan Said This On RBI Job

Book Excerpts | Sonia Singh | Wednesday October 16, 2019

Exclusive excerpt from 'Defining India: Through Their Eyes' by Sonia Singh

"India's Has Been A Dramatic Rise," Says World Economic Forum Chief

India News | Press Trust of India | Thursday October 3, 2019

Steered by a decisive leadership, India now has a significantly enlarged global profile and the stage is set for the country to realise its vision of becoming a USD 5-trillion economy in the next five years and USD 10-trillion economy in the next decade-and-a-half, according to the president of World Economic Forum.

Country Has Entered A Stage Of Recession, Claims Sitaram Yechury

India News | Press Trust of India | Friday September 27, 2019

The CPI (M) today claimed that the country had entered a stage of recession with factories in large numbers being shut down and huge retrenchment of employees taking place.

Need "Well Conceived Strategy" For 5 Trillion Economy: Manmohan Singh

India News | Press Trust of India | Saturday September 7, 2019

Former Prime Minister Manmohan Singh on Saturday said that a "well-conceived strategy" was needed to make India a five trillion economy.

"Overall Recovery May Take Couple Of Quarters": Experts On GDP Growth

Business | Thomson Reuters | Friday August 30, 2019

India's economy had annual growth of 5.0 per cent in the April-June quarter, the slowest in more than six years.

India's Macroeconomic Fundamentals Are Strong, Says Amit Shah

India News | Press Trust of India | Thursday August 29, 2019

India's macroeconomic fundamentals are quite strong and its economy is currently growing at the fastest pace in the world, Union Home Minister Amit Shah said on Thursday.

Higher Tax On Foreign Investors Withdrawn, Says Nirmala Sitharaman

India News | Press Trust of India | Friday August 23, 2019

Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

Angel Tax Provisions For Start-Ups Removed, Says Finance Minister

India News | Edited by Stela Dey | Friday August 23, 2019

The government today announced measures to revive economic growth and markets including the withdrawal of higher taxes for foreign portfolio investors (FPIs) and said it would release funds for bank recapitalisation upfront. Finance Minister Nirmala Sitharaman told reporters the government had decided to withdraw the surcharge on FPIs which she had...

Full Faith That Centre Will Deal With Economic Slowdown: Arvind Kejriwal

India News | Press Trust of India | Friday August 23, 2019

Delhi Chief Minister Arvind Kejriwal said today that he has full faith on the central government that it will take concrete steps to deal with the economic slowdown. This is one situation where the country has to stand as one and repair the economy, Mr Kejriwal said.

Arvind Subramanian Sticks To Claim Of India Overestimating GDP Growth

India News | Press Trust of India | Friday July 19, 2019

Sticking to his analysis that India's economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government as he found inconsistency between projected growth and other macro indicators.

We Welcome South Korean Businesses To "The Indian Dream": PM Modi

India News | Press Trust of India | Thursday February 21, 2019

Prime Minister Narendra Modi said today that the Indian economy is based on sound fundamentals and will in the near future double in size to USD 5 trillion, as he highlighted how India is a "land of opportunities" to investors in South Korea.

India On Way To Becoming 5th Largest Economy In World: PM Modi

India News | Press Trust of India | Friday January 25, 2019

Prime Minister Narendra Modi Friday said India is on the way to becoming the fifth largest economy in the world and the government is taking reform measures on a "daily basis" to further improve investment climate in the country.

Indian Economy Has Gone From "Fragile To Fastest-Growing": PM Modi

India News | Press Trust of India | Sunday January 20, 2019

Prime Minister Narendra Modi said today that India had experienced drastic economic transformation; going from the "fragile five" nations to the world's fastest-growing economy.

India Could Become $5 Trillion Economy In 7 Years: Suresh Prabhu

India News | Press Trust of India | Sunday January 20, 2019

Union Commerce and Civil Aviation Minister Suresh Prabhu said today that India has the potential to be a $5 trillion economy in the next 7-8 years

India's GDP To Grow At 7.3 Per Cent In 2018-19: World Bank

India News | Press Trust of India | Wednesday January 9, 2019

India's GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment.