Economic Growth
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Land reform to boost economic growth in South China
World | Sep 04, 2019, 10:48 AM ISTAccording to the report, what stands out in this land reform is Shunde District in the city of Foshan, south China's Guangdong Province, which recorded a gross domestic production (GDP) of over 150 billion yuan (around $21 billion) in the first half of 2019, up 7.1 per cent year-on-year.
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Parliamentary panel for 'realistic' income ceiling to decide 'creamy layer' in OBCs
India | Jun 24, 2019, 10:21 PM ISTThe Committee on Welfare of Other Backward Classes (OBCs) also said, in a report, that the income ceiling to determine the ‘creamy layer', should be revised periodically – three yearly or less.
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Economic growth may have slowed in 2018-19: Finance Ministry report
Business | May 03, 2019, 10:26 AM ISTThe Central Statistics Office (CSO), which released the national account data for the third quarter, had in February revised downwards the growth estimate for 2018-19 fiscal to 7 per cent from 7.2 per cent. The 7 per cent growth is the lowest in 5 years.
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India's economic growth to remain in 7-7.5% range in next few years: PM advisory panel
Business | Jan 25, 2019, 04:35 PM ISTThe growth rate can be easily increased by 1 per cent by addressing structural problems through reforms, the council observed during its meeting Friday.
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Excessive competition can at times put particular sector under stress: Arun Jaitley
Business | Nov 05, 2018, 03:53 PM ISTIf the current growth rate continues for a decade or two, he said, Indian economy expansion is going to be exponential.
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India among 10 Asian economies to outperform US's GDP by 2030: Report
Business | Jul 22, 2018, 11:11 PM ISTBy 2030, Asia-10 economies will grow so robustly that they will, on aggregate, amount to over USD 28.35 trillion in real GDP (2010 constant dollars) terms, while for the US will amount to USD 22.33 trillion.
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Govt committed to meet fiscal deficit target of 3.3 per cent this year: Piyush Goyal
Business | Jun 18, 2018, 02:20 PM ISTInterim Finance Minister Piyush Goyal assured that government will maintain stability in the economy and meet all economic parameters fixed by it
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Fitch retains India rating at 'BBB-', stable outlook; projects growth at 7.5% in 2019-20
Business | Apr 27, 2018, 02:50 PM ISTIt projected India's growth at 7.3 per cent in current the fiscal and further to 7.5 per cent in 2019-20. Growth is projected to be 6.7 per cent in the last fiscal, ended March 31.
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Indian economy to grow at 7.3 per cent this fiscal, 7.6 per cent in 2019-20: ADB
Business | Apr 11, 2018, 10:19 AM ISTThe ADB's growth projection of 7.3 per cent this fiscal is in line with that of rating agency Fitch, but a tad lower than RBI's forecast of 7.4 per cent.
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RBI may keep repo rate unchanged in April policy review: Report
Business | Mar 29, 2018, 08:27 PM ISTAccording to global financial services major UBS, the tone of the policy statement by the RBI’s monetary policy committee (MPC) is expected to “remain cautious while maintaining a neutral policy stance”.
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India to grow 7.6 per cent in calendar year 2018: Moody's
Business | Feb 28, 2018, 10:27 AM ISTThe Budget for 2018-19 includes some measures that could stabilise the rural economy that was disproportionately hit by the demonetization policy and is yet to recover, it said.
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Bihar is national topper in FY17 growth, with 10.3 per cent
India | Feb 26, 2018, 11:12 PM ISTBihar's growth rate is higher than that of the national average of 7.0 per cent, the 12th Economic Survey of Bihar said.
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January inflation rate cools down to 5.07%; industrial growth slows to 7.1% in December
Business | Feb 12, 2018, 06:32 PM ISTIndia’s retail inflation for January has eased down to 5.07 per cent compared to 5.21 per cent in December 2017, according to the latest data released by the Central Statistics Office on Monday.
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RBI keeps key policy rate unchanged at 6%, says GST stabilising, economic activity picking up
Business | Feb 07, 2018, 03:10 PM ISTThe RBI also lowered the economic growth projection to 6.6 per cent for 2017-18 from the previous 67 per cent. It estimated 7.2 per cent growth in the next fiscal.
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GDP growth not justifiable unless benefits reach farmers: Arun Jaitley
Business | Jan 14, 2018, 01:06 PM ISTThe government's priority is to ensure the gains reach the farmers and the growth is visible even in the farm sector, said Arun Jaitley.
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World Bank says India has 'enormous growth potential', projects 7.3% growth in 2018
Business | Jan 10, 2018, 10:47 AM ISTIndia is estimated to have grown at 6.7 per cent in 2017, according to the 2018 Global Economics Prospect released by the World Bank in Washington on Tuesday.
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Indian economy to recover sharply in Jan-March quarter, GDP to grow at 7.5% in 2018: Nomura
Business | Dec 24, 2017, 02:58 PM ISTAccording to Nomura's Composite Leading Index, some growth consolidation is likely in the Oct-Dec quarter, followed by a sharp recovery in Q1 2018 due to ongoing remonetisation and improving global demand.
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IMF to update India’s growth rate forecast on encouraging September GDP data
Business | Dec 01, 2017, 01:57 PM ISTThe IMF statement came as the latest figures showed that India grew at 6.3 per cent in the September quarter compared to 5.7 per cent in the June quarter, reflecting an improvement in the Indian economy.
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Core sector growth hits 6-month high of 5.2% in September
Business | Oct 31, 2017, 11:06 PM ISTEight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal, natural gas and refinery segments, official data showed on Tuesday.
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Modi govt unveils grand plans to spur economy, create jobs, recapitalise banks and more
Business | Oct 25, 2017, 08:23 AM ISTArun Jaitley on Tuesday announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth.