Indian Economy

World Bank Endorses Plan For India To Become Higher Middle-Income Country

India News | Press Trust of India | Friday September 21, 2018

A day after Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board today endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth.

Indian Economy To Double To $5 Trillion By 2022, Says PM Modi

India News | Press Trust of India | Thursday September 20, 2018

Prime Minister Narendra Modi said Thursday the size of Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each.

Economy Would Double To $5 Trillion By 2022, Grow Over 8%, Says PM Modi

Business | Press Trust of India | Thursday September 20, 2018

Indian economy will grow at over 8 per cent rate with massive employment generation being seen in IT and retail sectors, says PM Modi.

Centre's Steps To Boost Economy Are "Half-Baked, Half-Hearted": Congress

India News | Press Trust of India | Sunday September 16, 2018

The Congress on Sunday dubbed as "half-baked and half-hearted" the steps announced by the BJP government to boost the economy and said they reflected the "bankruptcy" in its economic vision and they will have an adverse impact.

PM Happy With Economy, Says Finance Minister Arun Jaitley After Meeting

India News | Press Trust of India | Saturday September 15, 2018

The government will stick to the fiscal deficit target of 3.3 per cent this fiscal as it expects buoyant tax revenues and exceeding disinvestment target, Finance Minister Arun Jaitley said on Saturday.

Centre Confident Of High Growth, Meeting Fiscal Deficit Target: 10 Points

Business | Saturday September 15, 2018

Assuring that the effects of GST (Goods and Services Tax) are settling down and that consumption is picking up, Finance Minister Arun Jaitley said on Saturday that the economy will post a high growth or gross domestic product (GDP) this fiscal year. The comments from the finance minister came at a time when the rupee has been sinking to multiple lo...

'Pink Dollar' To Boost India's Economy After Gay Sex Legalized

India News | Iain Marlow and Upmanyu Trivedi, Bloomberg | Wednesday September 12, 2018

India's private sector is set to enter a new era of inclusiveness, after a landmark Supreme Court ruling decriminalized homosexuality in a move that's expected to provide a significant boost to the South Asian nation's $2.6 trillion economy.

"Slow Decision-Making" A Factor In Mounting Bad Loans: Raghuram Rajan

India News | Press Trust of India | Tuesday September 11, 2018

Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel.

Mobility Is Our Next Frontier In Fight Against Climate Change: PM Modi

CarAndBike Team | Saturday September 8, 2018

PM Modi said that the future of mobility in India will be based on 7 key pillars or 'C's which are Common, Connected, Convenient, Congestion-Free, Charged, Clean and lastly, Cutting Edge.

India's World-Beating Growth Faces Big Risks. But There's Good News Too

India News | Anirban Nag and Vrishti Beniwal, Bloomberg | Monday September 3, 2018

India's world-beating economic growth is running up against some big risks: high oil prices, emerging market stress as the era of easy money draws to a close, and policy paralysis in the run-up to next year's federal election.

8.2% GDP Growth Represents Potential Of New India: Arun Jaitley

India News | Indo-Asian News Service | Saturday September 1, 2018

With the Indian economy registering a GDP growth of 8.2 per cent in the first quarter of the current fiscal, Union Finance Minister Arun Jaitley on Friday said that it represented the potential of a 'New India' in an environment of global turmoil.

With Growth At 2-Year High Of 8.2%, Government Matches UPA's Figures

Business | Thomson Reuters | Friday August 31, 2018

Should the economy keep up this momentum it will stand Prime Minister Narendra Modi in good stead when he seeks re-election next year, and dispel some of the criticism that his economic reforms haven't resulted in faster growth sooner.

GDP Growth To Surpass 7.5% In 2018-19: Finance Ministry

Business | Press Trust of India | Friday August 31, 2018

The fiscal deficit will not exceed 3.3 per cent of the GDP in 2018-19, said Economic Affairs Secretary S C Garg.

Notes Ban "Butchered" Indian Economy: Shiv Sena

India News | Indo-Asian News Service | Friday August 31, 2018

The Shiv Sena on Friday again attacked the BJP for demonetising Rs 500 and Rs 1,000 bank notes in 2016, calling it a "butchering of the Indian economy" which it said even the Reserve Bank Of India (RBI) had conceded.

India Expected To Become World's 5th Largest Economy: Arun Jaitley

India News | Indo-Asian News Service | Thursday August 30, 2018

Finance Minister Arun Jaitley today said India is expected to surpass Britain next year to become world's fifth largest economy.