Piyush Goyal vows continued good governance on Moody's rating cheer
The US-based Moody's has upgraded India's sovereign rating after a gap of 13 years to Baa2 with a stable outlook. The rating action implies India is investment grade with moderate credit risk, which is two notches above the junk grade.
Nov 17, 2017, 17:09 PM IST
Moody's upgrade positive signal for economy: Shaktikanta Das
Large number of reforms have happened in India in the last three years - economic, structural, and institutional. All measures have been on track.
Nov 17, 2017, 15:55 PM IST
India to pip Japan as world's third largest economy by 2028: Report
The country has already overtaken Brazil and Russia to emerge as the second largest BRIC economy after China and is well on track to cross France and Britain to emerge as the world's fifth largest economy after Germany by 2019.
Nov 13, 2017, 20:59 PM IST
Demonetisation helped formalising large part of economy: PM Narendra Modi
In an address at an ASEAN business forum, Modi also highlighting rolling out of the Goods and Services Tax (GST) as well as measures for bankruptcy and insolvency proceedings, besides the linking of Aadhaar database with financial transactions as part of broader policy initiatives to bring transparency in the financial sector.
Nov 13, 2017, 19:19 PM IST
PM Narendra Modi's economic council to link growth with social aspects
The Council also laid out a road map for stepping up job creation, skill development and recommended enhanced resource investment in social sectors including health and education.
Nov 10, 2017, 16:32 PM IST
Economic reforms to help support long-term growth: BMI Research
India's ranking on the World Bank's 2018 Ease of Doing Business index improved significantly to 100/190 countries - a 30 notch jump from its previous position.
Nov 07, 2017, 16:38 PM IST
India's services activity grows for 2nd straight month in October
To cater to greater output requirements, service providers hired more for the second month in succession, but the rate of job creation slowed from September.
Nov 03, 2017, 11:11 AM IST
India's current account deficit to be 1.5% of GDP this fiscal
Other factors include normalisation of gold imports and fading GST-related disruptions that are pushing exports to catch up with the global cycle.
Nov 01, 2017, 16:52 PM IST
MSMEs an important chapter in Indian economy: Swiss diplomat
The ambassador was addressing a two-day 'National Summit on Energy Efficiency in Micro, Small and Medium Enterprises (MSMEs)' being organised by The Energy and Resources Institute (TERI), in association with the Ministry of MSME, here.
Oct 31, 2017, 17:10 PM IST
India's half-year fiscal deficit crosses 91% of full year target
The data revealed that total expenditure during the April-September period was Rs 11.49 lakh crore, or at 53.5 per cent of the entire fiscal`s estimate.
Oct 31, 2017, 16:44 PM IST
World markets ripe for the taking, but where is India's strategy?
It also recommends the creation of a supportive infrastructure for exports, including more laboratories for testing and more tool rooms and plant quarantine facilities, among others.
Oct 31, 2017, 14:02 PM IST
Q2 GDP likely to recover to 6%: SBI Research
Further, it noted that most of the lead indicators -- foreign tourist arrivals, international passenger and air freight traffic, railway traffic and telephone subscribers has showed an uptick in recent months.
Oct 30, 2017, 16:57 PM IST
Economic recovery likely to have taken hold in Sept quarter: Report
India's export soared by 25.67 percent to USD 28.61 billion in September, logging its highest growth in last six months, while import too rose by 18.09 percent to USD 37.6 billion in September from USD 31.83 billion in the year-ago month.
Oct 16, 2017, 14:07 PM IST
A different India ready to benefit from economic recovery: Finance Minister
In a separate news conference, Lagarde later said she expects higher global growth this year and next.
Oct 13, 2017, 12:51 PM IST
Retail inflation at 3.28% in September
The data revealed the overall food inflation moderated to 1.25 per cent in September from 1.67 per cent in the previous month.
Oct 12, 2017, 23:43 PM IST
Double boost for economy: Industrial output growth rebounds; inflation cools
The previous high in IIP growth was recorded at 5.7 percent in November 2016.
Oct 12, 2017, 17:52 PM IST
Govt must stick to fiscal consolidation, says PM's economic advisory council
The government is considering ways to revive the economy after growth fell to its slowest pace in three years in the three months to June.
Oct 11, 2017, 15:23 PM IST
Economy will bounce back, but what about job creation?
The most concerning factor of the economy, which also has had a similar long-term history, is unemployment.
Oct 11, 2017, 11:24 AM IST
India has capacity to implement bold decisions: Arun Jaitley
Finance Minister Arun Jaitley also said that India has become one of the most open and globally integrated economies at a time when other economies are turning protectionist.
Oct 10, 2017, 13:50 PM IST
Growth important, but not at cost of inflation: RBI Governor Urjit Patel
The slowdown had sparked some calls for lower interest rates, but with inflation rising the RBI left rates unchanged at a review by the monetary policy committee (MPC) last week.
Oct 09, 2017, 11:22 AM IST
