Indian Economy | The Asian Age

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Indian economy Page-10

President Ram Nath Kovind on Sunday said the Indian economy is set for a surge with the GDP (gross domestic product) size expected to double to USD 5 trillion probably by 2025. (Photo: PTI)

India set to be USD 5 trillion economy by 2025, says President Kovind

The Institute of Chartered Accountants of India (ICAI) has more than 2.80 lakh members.

02 Jul 2018 11:41 AM

India must maintain a relationship of respect with Pakistan as its burgeoning economy needs access to the markets of Europe via Central Asia and Pakistan is the only country which could provide this, former National Security Advisor Nasser Janjua has said.

India needs Pakistan for accessing European market, says Nasser Janjua

Janjua said India's burgeoning economy needed access to the rich markets of Europe via Central Asia.

29 Jun 2018 2:54 PM

Narendra Modi on Friday spoke of targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India's share in world trade has to be doubled to 3.4 per cent. (Photo: AP)

Modi seeks double-digit GDP growth, raising India's share in world trade

He said his government has in four years taken steps to ease the process of doing business in India.

22 Jun 2018 12:49 PM

The government is committed to meet the fiscal deficit target of 3.3 per cent for the current fiscal, interim Finance Minister Piyush Goyal said.

Govt committed to meet fiscal deficit target this year, says Goyal

The government will maintain stability in the economy and meet all economic parameters.

18 Jun 2018 12:24 PM

India’s monsoons, which hit the southern coast late last month, are expected to make slow progress over the next two weeks and delay the onset of crucial rains over north-western parts of the country, a private US-based weather forecaster said. (Photo: AP)

Indian monsoon seen slowing after strong start, says forecaster

Monsoon rains, vital for Asia’s third largest economy, hit Kerala at the end of May.

15 Jun 2018 12:17 PM

Violence cost the Indian economy a whopping USD 1.19 trillion (over Rs 80 lakh crore) last year in constant purchasing power parity (PPP) terms, which amounts to roughly USD 595.4 per person, says a report. (Photo: PTI)

Violence cost India's GDP over USD 1 trillion, per person cost at Rs 40,000

The economic impact of violence to the global economy was USD 14.76 trillion in 2017, in PPP terms.

10 Jun 2018 12:46 PM

The Reserve Bank on Wednesday retained growth projections for the current fiscal at 7.4 per cent on hopes of further boost to investments and higher consumption. (Photo: PTI)

RBI retains 7.4 per cent GDP growth forecast for FY 2018-19

The Indian economy had grown at 6.7 per cent last fiscal.

06 Jun 2018 3:53 PM

A fiscal storm looms: Don’t wait for Godot!

The consequences for the domestic economy will be harshly adverse.

06 Jun 2018 1:42 AM

Chidambaram said that the government is incompetent in addressing the economic issues, which has “worsened” under the current dispensation. (Photo: PTI | File)

Indian economy like a car with 3 tyres punctured, says Chidambaram

Chidambaram criticised the government for introducing a 'five-slab' Goods and Services Tax (GST) regime.

04 Jun 2018 7:57 AM

Instead of letting petrol and diesel prices drop, the government increased the excise duties three fold from `886 billion in 2013-14 (before being voted to power) to Rs 2.58 trillion in 2018-19.

It’s time the govt took a serious look at economy

The World Bank in its draft World Development Report 2019 said in India the formal sector or industry pays twice as much as in the informal sector.

04 Jun 2018 5:45 AM

India’s economic expansion at 7.7 per cent was significantly higher than China’s 6.8 per cent in the same January-March period.

GDP growth up to 7.7 per cent in Q4

It’s much higher than China’s 6.8%.

01 Jun 2018 2:07 AM

Indian economy grew 7.7 per cent in January-March 2018, the biggest expansion in seven quarters.

Indian economy expands 7.7 per cent in Q4, 6.7 per cent in FY18

However, the economic growth slows to 6.7 per cent in 2017-18 compared to 7.1 per cent in 2016-17.

31 May 2018 6:52 PM

Prime Minister Narendra Modi (Photo: ANI/Twitter)

Age Debate: A roller-coaster ride

The Indian economy is better off today after four years of the Modi government.

31 May 2018 1:18 AM

Moody’s Investors Service on Wednesday cut India’s 2018 growth forecast to 7.3 per cent from the previous estimate of 7.5 per cent.

Moody’s cuts India’s 2018 growth forecast to 7.3 pc from 7.5 pc

Moody’s said growth should benefit from an acceleration in rural consumption, supported by higher minimum support prices.

30 May 2018 6:09 PM

CII on Sunday said businesses across several key sectors are seeing firm growth in sales and orders.

Economy on recovery path, investments likely to pick up: CII

Sectors like consumer non-durables, two-wheelers and tractors are witnessing strong rural consumption.

27 May 2018 12:22 PM

Economics experts in the administration say that macroeconomic fundamentals are sound and the fiscal deficit is still under control, and the growth parameters strong.

Is India’s economy headed for iceberg?

The triple whammy of high oil prices, a falling rupee and a higher current account deficit has been faced before.

22 May 2018 6:27 AM

The monsoon delivers nearly 70 per cent of rains that the country needs to water farms and recharge reservoirs and aquifers. (Representational Image)

Monsoon likely to hit Kerala coast on May 29: IMD

Rains usually hit Kerala on the south coast around June 1 and cover the whole country by mid-July.

18 May 2018 5:51 PM

Former prime minister Manmohan Singh said NDA government clocked inferior growth rate despite a favourable international climate and low oil prices. (Photo: Twitter/@INCKarnataka)

Disastrous economic management: Manmohan Singh slams Modi

Manmohan Singh said 2 'major avoidable blunders' of Modi govt had been demonetisation and hasty implementation of GST.

07 May 2018 2:59 PM

India's projected GDP growth of over 7 per cent for the current fiscal is "amazingly fast".

India can double its economy in 10 years: Asian Development Bank

The Indian economy is forecast to grow at 6.6 per cent in the 2017-18 fiscal ended March 31.

06 May 2018 12:01 PM

The Indian economy is witnessing a "cyclical upswing" and the country is likely clock a GDP growth of 7.5 per cent this financial year, says a Deutsche Bank research report.

India likely to clock 7.5 pc growth in FY19: Deutsche Bank

Higher oil prices can potentially slow the pace of recovery.

29 Apr 2018 11:33 AM

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Dilip Cherian