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India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

World Bank trims 2020 growth forecast amid slow recovery for trade,...

The World Bank shaved 0.2 percentage point off of growth for both years.

9 Jan 2020 9:53 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

GDP growth seen slipping to 11-yr low of 5 pc this fiscal: Govt data

RBI had also lowered its forecast for the economic growth to 5 per cent while announcing its bi-monthly monetary policy...

8 Jan 2020 9:53 AM IST

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

Govt pegs GDP growth at 5 per cent for current fiscal

GDP growth stood at 4.8 per cent for the first half of the current fiscal year.

8 Jan 2020 1:23 AM IST

Overall, the growth in the total infrastructure credit in FY20 is likely to remain lower than last year, he said.

Credit flow to Infra sector remains muted at Rs 21.2 lakh cr in...

The infrastructure credit had witnessed a 19 per cent growth in FY19 to Rs 21.1 lakh crore.

7 Jan 2020 9:34 AM IST

Railway Minister Piyush Goyal.

Use of AI in different forms can help achieve USD 5 trn economy...

The minister added that AI can also help expand in a more cost- effective and outcome-oriented manner.

6 Jan 2020 3:03 PM IST

We expect that the budget will provide a strong impetus for skill development which would greatly add to service sector activities, particularly for construction, professional services and healthcare.

India's service sector activity growth hits 5-month high in Dec: PMI

The Composite PMI Output Index that maps both the manufacturing and services sector, rose from 52.7 in November to 53.7.

6 Jan 2020 11:27 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

Indian bonds gain as RBI widens special open market operation

Market participants broadly expect the government to announce a 0.4 per cent-0.6 per cent slippage in fiscal deficit.

4 Jan 2020 12:29 PM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.

Exports to rebound in 2020 but growth to remain subdued

Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

28 Dec 2019 12:38 PM IST

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items...

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen...

27 Dec 2019 1:14 PM IST

The dates for filing the reconciliation statement has also been extended accordingly.

Niti Aayog member bats for 2 GST slabs, says rates should not be...

Central government is providing a subsidy of Rs 1.2 lakh cr and the states put together spend about Rs 1 lakh crore.

25 Dec 2019 3:07 PM IST

Thanks to the GST rate cut, consumer durables, which have been witnessing a slower growth for the past six quarters, are expected to return to double-digit growth with the sentiments improving during the festival season.

Consumer durables report steady growth in 2019; slowdown a threat in...

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per...

23 Dec 2019 9:34 AM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth...

20 Dec 2019 5:04 PM IST