Indian Economy
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Growth of eight core sectors slows to 2.1% in July
Business | Sep 02, 2019, 07:04 PM ISTGrowth of eight core industries dropped to 2.1 per cent in July, mainly due to contraction in coal, crude oil and natural gas production, according to a government data released on Monday.
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India manufacturing PMI drops to 15-month low in Aug
Business | Sep 02, 2019, 11:47 AM ISTThe IHS Markit India Manufacturing Purchasing Managers' Index (PMI), fell to 51.4 in August, its lowest mark since May 2018, from 52.5 in July, as most survey indicators fell since July to signal a widespread loss of momentum. This is the 25th consecutive month that the manufacturing PMI has remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
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PM Modi inspired stimulus package for economy likely this weekend: IANS
Business | Aug 16, 2019, 03:52 PM ISTPrime Minister Narendra Modi met Union Finance Minister Nirmala Sitharaman today amid reports of a slowdown in various sectors. PM Modi is likely to announce a series of measures to infuse more energy in the economy, news agency IANS reports.
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Seven of top-10 firms add Rs 53,732 cr in m-cap; HDFC emerges as biggest gainer
Business | Jul 07, 2019, 11:24 AM ISTTata Consultancy Services (TCS), Infosys and ICICI Bank were the only companies in the top-10 list which suffered losses in their market capitalisation (m-cap) for the week ended Friday.
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Foreign investors pull out Rs 475 cr from Indian markets in first week of July
Business | Jul 07, 2019, 10:52 AM ISTFPIs invested a net Rs 10,384.54 crore in June, Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February into the Indian capital markets.
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Global warming shrank Indian economy by 31 per cent
Business | Apr 23, 2019, 11:46 AM ISTThe study from 1961 to 2010, global warming decreased the wealth per person in the world's poorest countries by 17 to 30 per cent.
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India on way to becoming 5th largest economy in world: PM Modi
India | Jan 25, 2019, 06:06 PM IST"India is the world's fastest-growing major economy and the government is committed to reforms that will further propel it," he said today.
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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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India to become bigger than China: Former RBI Governor Raghuram Rajan
Business | Jan 22, 2019, 10:55 PM ISTIn 2017, India became the sixth largest economy with a GDP of USD 2.59 trillion while China was the second larges with a GDP of USD 12.23 trillion, as per World Bank data.
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India holds potential to be USD 5 trillion economy in 7-8 years; USD 10 trillion before 2035: Suresh Prabhu
Business | Jan 20, 2019, 09:50 AM IST"Today, we have great opportunity to increase exports. There are disruptions taking place in the world and India should take advantage of it," he said.
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Political rhetoric to be critical for Indian economy: Arun Jaitley
Business | Dec 14, 2018, 11:39 PM ISTJaitley said it was a challenging year, with world's largest economy not playing a stabilising factor, policies of some countries resulting in a trade war with no resolution in sight and the direct adverse impact of high oil prices on currency and trade deficit.
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Indian economy slows down to 3-month low of 7.1% in Q2; retains fastest growing major economy tag
Business | Nov 30, 2018, 09:24 PM ISTAccording to government data released on Friday, the Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 6.3 per cent in July-September quarter of the last fiscal.
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IMF predicts 7.3% growth for India in 2018, praises GST, bankruptcy code
Business | Oct 09, 2018, 01:02 PM ISTThe IMF pointed out that the growth reflected a rebound from transitory shocks including the currency exchange initiative and implementation of GST.
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At current pace, India to be among top three economies by 2030: Rajnath Singh
India | Oct 08, 2018, 08:23 PM ISTThe Union home minister further stressed that the time was right for global investors to make investments in India.
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Bank NPAs declining as recoveries of unpaid loans picking up, economy to grow at 8%: Jaitley
Business | Sep 25, 2018, 07:18 PM ISTJaitley said the new insolvency law, indirect tax regime and demonetization will help drive India's growth rate and sustain it at 8 per cent.
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'Govt has courage to take bold decisions': PM confident of economy touching USD 5 trillion by 2022
India | Sep 20, 2018, 05:58 PM ISTIndian economy, he said, will grow at over 8 per cent rate with massive employment generation being seen in IT and retail sectors. Macroeconomic fundamental of the economy are strong, he said.
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PM Modi reviews economy with Arun Jaitley amid falling rupee
Business | Sep 14, 2018, 09:26 PM ISTThe prime minister will hold another economic review meeting with key policy makers on Saturday to discuss possible interventions by the government to address the macroeconomic challenges arising out of the depreciating rupee and steep rise in fuel prices.
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Weaker rupee, rising oil prices likely to induce GDP slowdown: Report
Business | Sep 12, 2018, 03:12 PM ISTAccording to a report by the firm, the 8.2 per cent GDP growth for the April-June quarter of this year, though "encouraging", was largely owing to base effects.
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IndiaTV Kurukshetra, Sept 2: As PM Modi said, had Congress left the economy on landmine?
Kurukshetra | Sep 02, 2018, 07:41 PM ISTIn the debate we have Shahnwaz Hussain (Spokesperson BJP ), Rakesh Sinha (RSS Vicharak), Sudhindra Bhadoria (Leader BSP ) Rashid Alvi (Leader Congress )
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After 8.2% GDP growth in Q1, govt expects economy to exceed 7.5% growth in 2018-19
Business | Aug 31, 2018, 09:59 PM ISTGarg also expressed the hope that the country will meet its fiscal deficit target of 3.3 per cent and said both oil price hike and rupee depreciation are temporary.