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India's growth rate didn't match increase in jobs: IMF
Business | December 24, 2019 7:46 IST
The International Monetary Fund (IMF) has said that India's high growth rate in recent years did not lead to a matching increase in formal sector jobs and labour market participation has declined. The IMF's report on its annual consultations with India released in Washington on Monday said that while India has lifted millions out of poverty as one of the world's fastest-growing economies, "recent labour market data suggests that unemployment is high while labour force participation has decreased, particularly for females."
Fitch lowers India GDP growth to 4.6% in FY20
Business | December 20, 2019 15:30 IST
"Our outlook on India's GDP growth is still solid against that of peers, even though growth has decelerated significantly over the past few quarters," the ratings agency said
Indian economy in 'state of doom and gloom': Mamata Banerjee
Politics | December 05, 2019 22:58 IST
On the apprehensions of industrialists, who are afraid of raids by Central agencies like the Central Bureau of Investigation, Enforcement Directorate and Income Tax department, she refered to Bajaj Group chairman Rahul Bajaj speaking out about the government's alleged intolerance of criticism.
No recession in Indian economy: Nirmala Sitharaman
India | November 27, 2019 21:49 IST
"Every step being taken is in the interest of the country... looking at the economy with discerning view, you see that the growth may have come down, but its not a recession yet or it won't be recession ever," finance minister Nirmala Sitharaman said.
Indian economy currently facing challenges, says Nirmala Sitharaman
Business | November 10, 2019 20:57 IST
She said it has come at a time when questions are being asked about the nature of the slowdown, which is affecting the global economy and bogging it down and indeed questioning if India is actually in a slowdown.
P Chidambaram slams state of economy
India | November 04, 2019 14:30 IST
The former finance minister, who is in jail for alleged corruption in the INX Media case, also said in a tweet that the magazine is read by the Fortune 500 companies that will invest in India
Govt to soon change definition of MSMEs: Nitin Gadkari
Business | October 22, 2019 16:26 IST
The new definition is likely to be effected through an amendment to the MSME Act and may lead to further improvement in India's ease of doing business scenario.
Priyanka Gandhi slams modi govt over state of Indian Economy
India | September 18, 2019 11:39 IST
The Congress general secretary also cited a media report which claimed that after pouring USD 45 billion into India's stock market over the past six years on hopes that Modi would unleash the country's economic potential, international money managers have sold USD 4.5 billion of Indian shares since June.
India's economic growth dips to 7 year low of 5 per cent in April-June
Business | August 30, 2019 19:07 IST
The previous low was recorded at 4.9 per cent in April-June 2012-13. The economic growth was 8 per cent in the same quarter of 2018-19.
Congress asks government to issue white paper on economy
India | August 27, 2019 17:04 IST
Addressing a press conference at the party headquarters, Congress leader Anand Sharma said: "India is in a deep financial crisis. The economy is in shambles. All indicators of development are low. And India's GDP is continuously falling."
How Arun Jaitley transformed Indian economy with 10 major reforms
India | August 25, 2019 10:55 IST
Arun Jaitley was the only minister who was alloted two heavyweight portfolios - defence and finance, in the first Modi cabinet.
Economy to rebound in FY20; 8 pc sustained growth needed to achieve USD 5 tn target: Economic Survey
Budget | July 04, 2019 17:51 IST
India's economic growth will rebound from a five-year low this year, but would need a huge boost in spending and reforms to accelerate higher rate of expansion to double the economy's size to USD 5 trillion by 2024-25, the pre-Budget Economic Survey said Thursday.
Indian economy grows to USD 2.75 trillion in FY19 despite slowing global economy: Economic Survey
Budget | July 04, 2019 17:36 IST
The size of Indian economy has grown to USD 2.75 trillion in 2018-19 from USD 1.99 trillion in 2015-16 even as global economy has faltered, according to the Economic Survey 2018-19.
India's economic growth driven by domestic demand, need to focus on exports: World Bank
Business | April 08, 2019 11:10 IST
Praising attempts to liberalize markets within India, Hans Timmer, World Bank Chief Economist for the South Asia Region said, "that is what is needed to become more competitive."
India to be third largest economy by 2030: Arun Jaitley
Business | April 06, 2019 17:04 IST
Currently, the size of the Indian economy is about USD 2.9 trillion, he said while addressing students of the Shri Ram College of Commerce in New Delhi.
Indian economy expected to grow at 7.5% in 2019, likely to overtake China: IMF
Business | January 21, 2019 19:50 IST
India's economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressures ease," the IMF said.
India forecasts 2018-19 GDP growth at 7.2% vs 6.7% provisional growth in 2017-18
Business | January 07, 2019 21:35 IST
India forecasts 2018-19 GDP growth at 7.2% vs 6.7% provisional growth in 2017-18
Indian economy projected to be fastest-growing major economy in next fiscal: FinMin
Business | January 02, 2019 18:55 IST
"Indian economy is projected to be the fastest-growing major economy in 2018-19 and 2019-20 (International Monetary Fund October 2018 database). This is borne by GDP growth of 7.6 per cent in the first half of 2018-19," it said.
Sensex, Nifty end on a higher note after favourable RBI monetary policy
Business | June 06, 2018 17:57 IST
The World Bank has forecast that India is projected to regain its position as the world’s fastest growing major economy advancing 7.3 per cent this fiscal year
Sensex, Nifty open on a higher note ahead of RBI monetary policy announcement
Business | June 06, 2018 11:44 IST
At 11:40 am, the 30-scrip Sensitive Index (Sensex) was trading 214.44 points or 0.61 per cent higher. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 63.25 points or 0.60 per cent higher at 10,656.55 points.