Indian Economy

People Want To Hear Facts About Economy, Not Abuse And Rhetoric: P Chidambaram To PM

India News | Press Trust of India | Wednesday January 29, 2020

Senior Congress leader P Chidambaram today said Prime Minister Narendra Modi and his ministers should speak facts about the economy in the Delhi polls as people want to hear that rather than "abuse and rhetoric".

"PM, Finance Minister Have No Idea What To Do Next": Rahul Gandhi On Economy

India News | Press Trust of India | Wednesday January 29, 2020

Congress leader Rahul Gandhi today attacked the government over the state of the economy, saying Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman have no idea what to do next.

Shiv Sena Targets Centre Over "Attempts To Muzzle Dissenting Voices"

India News | Press Trust of India | Friday January 24, 2020

The Shiv Sena today said there have been attempts to muzzle dissenting voices and this is one of the reasons for India slipping in the 2019 Democracy Index's global ranking.

Budget 2020: Worst Is Over For Economy, Over To Nirmala Sitharaman

Business | Anirban Nag, Bloomberg | Friday January 24, 2020

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity.

India Ratings Expects GDP Growth Of 5.5% In 2020-21

Business | Indo-Asian News Service | Wednesday January 22, 2020

"Although some improvement in FY21 is expected, these risks are going to persist. As a result, the Indian economy is stuck in a phase of low consumption as well as low investment demand," India Ratings said.

More Trouble For Economy As Direct Tax Collections Enter Negative Zone: Report

Business | Indo-Asian News Service | Tuesday January 21, 2020

Government sources said that direct tax collection in the current fiscal up to January 15 has fallen by 6.1 per cent compared with the corresponding period of previous year.

"Prepare For Attack On IMF, Gita Gopinath": P Chidambaram's Forecast

India News | Edited by Divyanshu Dutta Roy | Tuesday January 21, 2020

Congress leader P Chidambaram on Tuesday said that an attack on the International Monetary Fund (IMF) and its Chief Economist Gita Gopinath by government ministers was imminent following the organisation's downward revision of the Indian economy's growth.

Nearly 1 In Every 4 Graduates Looking For A Job, Says Report

Business | Reported by Sakshi Bajaj, Edited by Abhishek Vasudev | Monday January 20, 2020

India's current unemployment rate stands at 7.5 per cent as per Centre for Monitoring Indian Economy (CMIE). However, the unemployment rate for graduates stands at 18.5 per cent - more than twice the headline rate, according to data for the end of 2019 compiled by CMIE.

How Indian Economy Fares Globally Ahead Of Union Budget 2020

Business | Written by Peter Noronha | Monday January 20, 2020

India and China had the same GDP in 1950 and China's GDP per capita lagged countries such as Cambodia, Kenya and Sierra Leone as late as the 1960s. China witnessed a meteoric rise from the late 1970s to become the world's second largest economy, next only to United States, as the path-breaking reforms initiated by Deng Xiaoping propelled the largel...

Present State Of Economy Is Temporary: Amit Shah

India News | Press Trust of India | Saturday January 11, 2020

Union Home Minister Amit Shah said on Saturday that the present state of the economy is a "temporary phase", and India will become a USD 5 trillion economy by 2024.

Opinion: $5 Trillion Economy By 2024? Magic Realism At Play Given Current Low

Opinion | Maitreesh Ghatak | Friday January 10, 2020

Yes, we need more comprehensive reforms. But when the economy is going off the rails, pushing it back on track is the main priority, as opposed to improving the quality of tracks so that it can run faster. To achieve that, putting more purchasing power in the hands of billions of consumers and lowering the regulatory and tax burdens on the millions...

Asset Sales To Fall Short Of Government's Target By Nearly Half: Report

Business | Vrishti Beniwal, Bloomberg | Thursday January 9, 2020

Government has achieved only about 17 per cent of the disinvestment target so far this year, while tax collections are 46 per cent of the budgeted aim in the eight months to November.

(Chotta) Band, Baja And Baraat: Economy Hits Weddings Hard

India News | Agence France-Presse | Thursday January 9, 2020

Weddings in India are famously lavish -- lasting days and with hundreds if not thousands of guests -- but this season many families are cutting costs even if it risks their social standing.

Lower Consumption, Less Credit Led To Decline Of Growth To 5%: World Bank

India News | Press Trust of India | Thursday January 9, 2020

The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year.

5% Growth Estimate For Indian Economy Is "Imaginary", Says Yashwant Sinha

India News | Press Trust of India | Thursday January 9, 2020

Former Union finance minister Yashwant Sinha on Wednesday questioned estimation that the economy will grow at 5 per cent in 2019-20, saying the figure is "imaginary" and raised doubt about the Modi government's capability of tackling economic issues.