Indian Economy

Indian Economy To Grow 7.1% In 2019-20: UN Report

Business | Press Trust of India | Tuesday May 21, 2019

World gross product growth is now expected to moderate from 3.0 per cent in 2018 to 2.7 per cent in 2019 and 2.9 per cent in 2020

Will "Clean Up" Economic Data Gathering If Congress Wins: P Chidambaram

India News | Reuters | Monday May 13, 2019

The Congress party will review how economic data is collected and interpreted if it wins the general election this month, said senior party leader P Chidambaram, amid doubts over the reliability of official data.

Elections 2019: Economy In ''Disastrous Phase Of Slowdown'': P Chidambaram

India News | Press Trust of India | Thursday May 9, 2019

Senior Congress leader P Chidambaram on Wednesday said macro economic indicators confirm that the Indian economy has entered a "disastrous phase of slowdown" and criticised Prime Minister Narendra Modi and Finance Minister Arun Jaitley for their failures.

Crisis Shadow On India's Economy, Predicts Member Of PM Modi's Think Tank

India News | Written by Sreenivasan Jain | Thursday May 9, 2019

The Indian economy is running the risk of a structural crisis, and could soon be ensnared in a "middle-income trap", eventually becoming like Brazil or South Africa, according to Rathin Roy, member of the Prime Minister's Economic Advisory Council and Director of National Institute of Public Finance and Policy.

General Elections 2019: "Narendra Modi Destroyed Jobs, Agriculture", Says Rahul Gandhi

India News | Edited by Arun Nair | Saturday May 4, 2019

Prime Minister Narendra Modi has destroyed the Indian economy by introducing Goods and Services Tax and notes ban, Congress President Rahul Gandhi said today. "Modi ji makes no mention ofunemployment. If you go anywhere and say Chowkidar,you get a reply "Chor hai," he said. Mr Gandhi also accused the prime minister of politicising the operations ca...

Economy Appears To Have Slowed Down, Says Finance Ministry

Business | Abhishek Vasudev | Thursday May 2, 2019

India's economy appears to have slowed down slightly in 2018-19, department of economic affairs under the Ministry of Finance said in a monthly economic report for March 2019.

NYAY Is Diesel For Indian Economy's Engine: Rahul Gandhi

India News | Press Trust of India | Monday April 29, 2019

Congress president Rahul Gandhi Monday described the party's proposed ''NYAY'' minimum income guarantee scheme as a "diesel for the engine" of the Indian economy.

"India Must Complete Reform Process In 5 Years": Ex-NITI Aayog Official

India News | Press Trust of India | Sunday April 21, 2019

India must focus on growth of labour-intensive sectors to create decent jobs for the masses as well as give "serious thought" to privatising the public sector banks (PSBs), eminent economist Arvind Panagariya has said, emphasising that the reform process must be completed in the coming five years.

RBI To Remain Vigilant On Growth, Financial Stability: Shaktikanta Das

Business | Thomson Reuters | Saturday April 13, 2019

Mr Das underscored the risks facing emerging market economies such as a India as global growth and trade weaken.

Rupee Ends Higher At 69.11 Against Dollar

Business | Press Trust of India | Wednesday April 10, 2019

Forex dealers said selling of the American currency by exporters supported the rupee. Moreover, IMF's bullish growth outlook for the Indian economy added strength to the local currency.

Indian Economy To Grow 7.3% In 2019: IMF

Business | Press Trust of India | Tuesday April 9, 2019

In 2019, the International Monetary Fund (IMF) projected a growth rate of 6.3 per cent for China and 6.1 per cent in 2020

Indian Economy Expected To Grow 7.5% In 2019-20: World Bank

Business | Press Trust of India | Monday April 8, 2019

With robust growth, and food prices poised to recover, inflation is expected to converge toward four per cent, said World Bank

India Expected To Become Third Largest Economy by 2030: Arun Jaitley 

Business | Press Trust of India | Saturday April 6, 2019

Talking about avenues of growth for the next 20 years, the finance minister listed infrastructure creation, rural expansion and gender parity, among others.

New Investment Proposals At Rs 9.5 Lakh Crore In 2018-19, Lowest In 14 Years: Think Tank

Business | Indo-Asian News Service | Wednesday April 3, 2019

The new investment proposals were robust in the five years from 2006-07 to 2010-11, when they averaged Rs 25 lakh crore/year, said the report by the Centre for Monitoring Indian Economy (CMIE).

Factory Growth Hits Six-Month Low In March: Survey

Business | Thomson Reuters | Tuesday April 2, 2019

Underscoring that long stretch of growth in the sector, factory activity in the first three months of 2019 increased at its quickest quarterly average rate in more than six years.