Indian Economy | The Asian Age

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Indian economy Page-8

'Real GVA is anticipated to grow at 7 per cent in current fiscal as against 6.5 per cent in 2017-18,' Central Statistics Office said. (Representational Image | PTI)

Indian economy to grow at 7.2 pc in 2018-19, up from 6.5 pc last year: govt

The growth is mainly due to improvement in performance of agriculture and manufacturing sectors, the CSO said.

07 Jan 2019 6:28 PM

'Q1 number was on a very low base in the previous year. It did not signify a bump in growth and did not warrant the jubilation of the BJP three months ago,' he said. (Photo: File)

Congress leader P Chidambaram pokes fun at BJP for celebrating GDP data

Chidambaram said GDP growth in the July-September quarter (Q2) of 2018-19 was a good one per cent lower than in the April-June quarter (Q1).

01 Dec 2018 12:53 PM

The production of coal, cement and electricity, on the other hand, expanded in the month under review.

India’s growth rate slows to 7.1 per cent in Q2

Despite dip, India to retain fastest growing economy tag.

01 Dec 2018 2:25 AM

However, the former President appreciated the country's achievements in the field of science and technology. (Photo: Twitter)

India should have been USD 5-6 trillion economy by now: Pranab Mukherjee

'We are only country till today out of 184 members of UN, who succeeded in sending its orbiter to Mars in first attempt,' Mukherjee said.

29 Nov 2018 8:28 AM

India slides to 7th largest GDP

Close behind France is India, the seventh largest economy worth $2.69 trillion, which is just $100 billion less than French economy.

24 Nov 2018 1:02 AM

The inflation based on the Consumer Price Index (CPI) was 3.7 per cent in September 2018 and 3.58 per cent in October 2017. (Representational Image)

Retail inflation cools to year-low of 3.31 per cent in October

The retail inflation number is the lowest since September 2017 when it touched 3.28 per cent.

12 Nov 2018 7:42 PM

Economists have also found it difficult to predict the growth accurately. (Representational image)

Economists devise way to solve India’s growth puzzle

Many economists find the new series puzzling as it is based on nominal indicators.

10 Nov 2018 1:13 AM

Prime Minister Narendra Modi talks with Finance Minister Arun Jaitley at a function to launch the MSME Support and Outreach Programme, in New Delhi. (Photo: PTI)

'India will become fifth largest economy in 2019', says Arun Jaitley

India emerged as world's sixth largest economy in 2017, surpassing France, and is likely to go past the UK, which is at fifth position.

03 Nov 2018 10:07 AM

The NDA/BJP government is looking increasingly cornered on every governance paradigm. However, its weakest link is the gross mismanagement of the Indian economy. (Representational image)

BJP’s rule has been bad for the economy

Respected financial analysts are of the view that Rs 57,000 crores out of this Rs 91,000 crores is already a non-performing asset (NPA).

14 Oct 2018 2:07 AM

Story Type Required Source Required Byline Optional Title Required 150 Characters Remaining Alias: Strap Required Maximum 150 Characters Economic Affairs Secretary Subhash Chandra Garg. (Photo: PTI)

Structural reforms helping India in building resilience to global shocks: Garg

The World Bank ranked India 115th among 157 countries in its first-ever Human Capital Index (HCI).

13 Oct 2018 4:46 PM

Finance ministry official expressed confidence that Indian economy stand to gain following US- China trade war.

Oil cos to absorb subsidy ‘one-time’

He said that the government expects the global crude oil prices to remain range bound and below $85 per barrel.

12 Oct 2018 12:42 AM

The gauge finally ended 759.74 points, or 2.19 per cent, lower at 34,001.15.

Sensex plunges 760 pts on heavy global sell-off

Nifty makes its decade-worst start to October quarter.

12 Oct 2018 12:25 AM

If projections are true, then India would regain the tag of fastest growing major economies of the world, crossing China with more than 0.7 percentage point in 2018 and an impressive 1.2 percentage point growth lead in 2019. (Photo: Pixabay)

Lauding GST, bankruptcy code, IMF forecasts India's 2018 growth at 7.3 pc

IMF predicts India's growth rate at 7.4 per cent in 2019, cuts China's growth forecast.

09 Oct 2018 8:33 AM

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

As rupee falls, trouble in economy snowballs

A further fall in stock market prices would lead to FIIs pulling more money out of the country and a further fall in the rupee.

06 Oct 2018 1:53 PM

Besides banks' merger, PM Modi cited the rollout the Goods and Services Tax (GST), which amalgamated 17 central and state taxes, among the bold measures taken by the government. (Photo: ANI | Twitter)

Indian economy to reach USD 5 trillion size by 2022: PM Modi

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

20 Sep 2018 5:17 PM

Finance Minister Arun Jaitley said, 'Government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced.' (Photo: Twitter | ANI)

Dena Bank, Vijaya Bank and Bank of Baroda to be merged, says govt

Merger of the 3 banks will make this the third largest bank of the country, Financial Services Secretary Rajiv Kumar said.

17 Sep 2018 6:49 PM

The government is determined to keep fiscal deficit within the budgeted level of 3.3 per cent of GDP as the country cannot afford to have a twin deficit problem, a top official said.

Govt determined to contain fiscal deficit at 3.3 per cent

The official said a depreciating rupee and high crude import bill would definitely put pressure on the country's current account deficit.

13 Sep 2018 12:49 PM

After CSO data was released, Chidambaram had said the Congress-led UPA-1 and UPA-2 governments delivered the highest decadal growth since the Independence. (Photo: File | PTI)

P Chidambaram dares BJP to dispute official data on economy growth

'Does BJP accept CSO data or not? Let BJP put out data contradicting CSO data,' senior Congress leader P Chidambaram said.

09 Sep 2018 9:10 PM

Jaitley assured that the Reserve Bank of India is working in the right direction and taking necessary action. (Photo: File)

Finance Minister Arun Jaitley blames global factors for fall in rupee

Jaitley added that the rupee is better off now than what it was four to five years ago.

05 Sep 2018 9:17 PM

The country is moving towards becoming a "banana republic", the Shiv Sena alleged Wednesday, while lashing out at its senior ally BJP over the depreciating value of the rupee and all time high fuel prices. (Photo: AP)

Nation moving towards becoming a 'banana republic': Sena on Rupee fall

The fuel prices are sky-rocketing. Petrol will soon touch the Rs 100-mark.

05 Sep 2018 2:53 PM

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Dilip Cherian