Indian Ecocnomy
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Indian economy reviving well after outbreak, says Lok Sabha Speaker Om Birla
Business | Dec 19, 2020, 11:02 PM ISTLok Sabha Speaker Om Birla on Saturday said India's economy was witnessing rapid revival after the slowdown due to the coronavirus outbreak and lockdown.
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Economy to reach pre-Covid-levels by end of FY2022: Niti Aayog
Business | Dec 06, 2020, 11:44 AM ISTIndia's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.
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Indian economy to see sharp V-shaped recovery in Q3, Q4: N K Singh
Business | Jul 27, 2020, 05:06 PM ISTIndia will see a sharp V-shaped recovery in the third and fourth quarter of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman N K Singh said on Monday.
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HDFC acquires 6.43 per cent stake in Reliance Capital
Business | Apr 25, 2020, 02:54 PM ISTMortgage lender HDFC on Saturday said it has acquired 6.43 per cent stake in debt-trapped Reliance Capital by invoking pledged shares.
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India becomes world's 5th largest economy, overtakes UK, France: Report
Business | Feb 18, 2020, 10:01 AM ISTIndia emerged as the world's fifth largest economy by overtaking the UK and France in 2019, says a report. A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.
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India's growth rate didn't match increase in jobs: IMF
Business | Dec 24, 2019, 07:46 AM ISTThe 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."
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Fitch lowers India GDP growth to 4.6% in FY20
Business | Dec 20, 2019, 03:30 PM 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
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Indian economy in 'state of doom and gloom': Mamata Banerjee
National | Dec 05, 2019, 10:58 PM ISTOn 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.
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No recession in Indian economy: Nirmala Sitharaman
India | Nov 27, 2019, 09:49 PM 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.
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Indian economy currently facing challenges, says Nirmala Sitharaman
Business | Nov 10, 2019, 08:57 PM ISTShe 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.
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P Chidambaram slams state of economy
India | Nov 04, 2019, 02:30 PM ISTThe 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
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Govt to soon change definition of MSMEs: Nitin Gadkari
Business | Oct 22, 2019, 04:26 PM ISTThe 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.
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Priyanka Gandhi slams modi govt over state of Indian Economy
India | Sep 18, 2019, 11:39 AM ISTThe 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.
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India's economic growth dips to 7 year low of 5 per cent in April-June
Business | Aug 30, 2019, 07:07 PM ISTThe 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.
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Congress asks government to issue white paper on economy
India | Aug 27, 2019, 05:04 PM ISTAddressing 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."
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How Arun Jaitley transformed Indian economy with 10 major reforms
India | Aug 25, 2019, 10:55 AM ISTArun Jaitley was the only minister who was alloted two heavyweight portfolios - defence and finance, in the first Modi cabinet.
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Economy to rebound in FY20; 8 pc sustained growth needed to achieve USD 5 tn target: Economic Survey
Budget | Jul 04, 2019, 05:51 PM ISTIndia'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.
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Indian economy grows to USD 2.75 trillion in FY19 despite slowing global economy: Economic Survey
Budget | Jul 04, 2019, 05:36 PM ISTThe 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.
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India's economic growth driven by domestic demand, need to focus on exports: World Bank
Business | Apr 08, 2019, 11:10 AM ISTPraising 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."
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India to be third largest economy by 2030: Arun Jaitley
Business | Apr 06, 2019, 05:04 PM ISTCurrently, 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.