Economy | The Asian Age

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Current account deficit forecast pegged at 2.3 per cent of GDP for 2019-20.

India's GDP to grow at 6 per cent in Apr-Jun: survey

The country's economy grew at 8.2 per cent in April-June 2018-19.

26 Aug 2019 3:46 PM

Finance Minister Nirmala Sitharaman. (Photo: ANI)

FM likely to announce more support measures for economy: DBS

The June quarter GDP numbers due this week will mark a slowdown from March quarter's 5.8 per cent year-on-year.

26 Aug 2019 2:54 PM

There is no doubt that this is a tough time for the Indian economy. Growth has slowed down to rates not seen since 2008-9. Consumption has fallen. Businesses have been pushed to the brink.

Get ready to face macro headwinds

Here are some steps to fortify yourself before you experience ripple effect of slow economy.

26 Aug 2019 1:15 AM

CII President Vikram Kirloskar said the macro impact of the economic package announced can be expected to be significant. (Photo: File)

Stimulus package will boost growth and stabilise economy: CII

CII said the measures announced come at a time when the world economy is buffeted by global headwinds and trade slowdown.

25 Aug 2019 4:43 PM

The impact of rollback of enhanced tax surcharge will be about Rs 1,400 crore.

Announcements made by FM are major enablers to support growth: SBI chairman

Bank recapitalisation at one go will provide a big impetus to credit growth.

24 Aug 2019 5:14 PM

Housing finance companies would get up to Rs 30,000 crore with a view to revive the real estate sector.

Govt announces raft of measures to boost economy; more steps on anvil

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

24 Aug 2019 12:03 PM

The government also outlined a raft of measures including some for the crisis-hit autos sector, small businesses, and the troubled shadow banking sector. (Photo: ANI)

India rolls back tax hike on investors; outlines steps to boost sentiment

Sitharaman said she was confident of meeting the fiscal deficit target of 3.3 pc of GDP considering the trend in revenue collections.

24 Aug 2019 9:55 AM

India finds a partner in the UAE to achieve its ambitious dream of achieving a USD five trillion economy, Prime Minister Narendra Modi told the Emirates News Agency, WAM, in an exclusive interview. (Photo: ANI)

Modi says, 'UAE can be India's 'valuable partner' to achieve USD 5 tn economy'

He said that UAE-India relations are 'at their best ever', adding that UAE investments in key sectors in India are growing.

24 Aug 2019 8:04 AM

Infosys co-founder N R Narayana Murthy. (Photo: PTI)

India's fiscal scene has never been better in 300 years: Narayana Murthy

According to the Forbes magazine, the number of billionaires in India is increasing.

23 Aug 2019 11:36 AM

Targetting the Centre over slowdown in the country's economy and the arrest of former Union minister P Chidambaram, senior Congress leader Kapil Sibal on Friday said while the economy is in Intensive Care Unit (ICU), the government has issued a "look out notice" for all those defending civil liberties. (Photo: File)

Economy in ICU, govt issuing 'look out notice' for those defending civil liberties: Kibal Sibal

This comes a day after Sibal had expressed his discontent over Chidambaram's arrest and termed it 'drama' and 'political persecution'.

23 Aug 2019 11:03 AM

NITI Aayog Vice Chairman Rajiv Kumar. (Photo: PTI)

'Unprecedented' situation in financial sector: NITI Aayog Vice Chairman

GDP growth is set to slow further in April-June quarter of this year to 5.7 pc amid contraction in consumption, weak investments.

23 Aug 2019 10:45 AM

RBI Governor Shaktikanta Das recently asked all banks to link their interest rate with repo for faster transmission of the central bank's policy actions.

RBI minutes to cap yields; revives expectations for further policy easing

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.

22 Aug 2019 11:55 AM

According to the global financial services major, even though growth is set to slow further in Q2 (April-June) the economy is expected to see some recovery in the July-September quarter.

India's GDP growth set to slow further in Apr-Jun qtr to 5.7 pc: Nomura

India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.

21 Aug 2019 12:32 PM

Bahujan Samaj Party (BSP) chief Mayawati on Saturday said that the danger of economic slowdown was looming large over India and urged the Centre to take serious note of the prevailing economic condition. (Photo: File)

Danger of economic slowdown amid concerns of unemployment, poverty: Mayawati

Mayawati's tweet comes amid reports of a drop in sales of several automobile majors due to sluggish demand.

17 Aug 2019 1:58 PM

The country has set a goal of achieving a USD 5-trillion economy by 2024-25.

FinMin asks PSBs to seek ideas from branches to streamline banking sector

The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.

17 Aug 2019 11:15 AM

Despite growth being strong, overall, the investment climate was pretty weak, said Prachi Mishra, India Chief Economist, Goldman Sachs in a podcast wherein she discussed the drivers of India's economy. (Photo: File | AP)

Weak investment, muted monetary transmission big challenges for Indian economy: Goldman

India's GDP growth increased from an average of 6.7 per cent during 2010 to 2014 to 7.3 per cent during 2015 to 2019.

16 Aug 2019 1:34 PM

Modi says will invest Rs 100 lakh cr in infra, USD 5 trn economy target achievable

India was ranked 142nd among 190 nations when the Narendra Modi's government took office in 2014.

15 Aug 2019 9:27 AM

India is amidst an economic and financial slowdown with minimal support from fiscal policy.

RBI not done with easing, to cut in October and early next year: Report

If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in easing policy.

09 Aug 2019 2:08 PM

NEFT operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days.

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

07 Aug 2019 1:46 PM

India’s service economy showed renewed vigor in July as businesses and households welcome the recent government budget announcement.

India services activity reverses course, surges in July: PMI

The IHS Markit Services Purchasing Managers’ Index rose to a one year high of 53.8 in July, up from 49.6 in June.

05 Aug 2019 11:03 AM

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Aakar Patel