Indian Economy
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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.
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India expected to surpass Britain to become world's 5th largest economy next year: Arun Jaitley
Business | Aug 30, 2018, 01:27 PM IST"This year, in terms of size, we have overtaken France. Next year we are likely to overtake Britain. Therefore, we will be the fifth largest (economy)," Jaitley said.
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Indian economy expected to grow by 7.5% in 2018: Moody's
Business | Aug 23, 2018, 08:33 PM ISTIn a report titled “Global Macro Outlook: 2018-19 (August 2018 Update)”, the firm said Indian economy grew at a higher rate of 7.7 per cent in the first quarter of 2018.
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India clocked 10.08% growth under Manmohan Singh's tenure: Official data
Business | Aug 17, 2018, 11:47 PM ISTThe highest ever growth rate since Independence was recorded at 10.2 per cent in 1988-89 when Rajiv Gandhi was prime minister.
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RBI retains GDP growth forecast at 7.4 per cent for FY 2018-19
Business | Aug 01, 2018, 04:29 PM ISTAs per the RBI, the growth would be in the range of 7.5-7.6 per cent in first half of the fiscal and 7.3-7.4 per cent in October-March 2018-19 period "with risks evenly balanced".
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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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Ahead of China, India to remain fastest growing economy in FY19 & FY20: ADB
Business | Jul 19, 2018, 06:44 PM ISTThe growth in India will be driven by increased public spending, higher capacity utilisation rate and uptick in private investment, said its supplement to the Asian Development Outlook (ADO).
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Indian economy set for a surge, to touch USD 5 trillion by 2025: President Kovind
India | Jul 01, 2018, 06:19 PM IST"Indian economy is set for a surge and in the next decade, probably even by 2025, India is expected to double the size of the GDP to USD 5 trillion," Kovind said.
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GST Day: PM Modi terms tax reform a 'positive change in Indian economy'
Business | Jul 01, 2018, 09:15 AM ISTA vibrant example of cooperative federalism and a ‘Team India’ spirit, GST has brought a positive change in the Indian economy, PM Modi said in a series of tweets today. He claimed that the tax reform has brought growth, simplicity and transparency.
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IMF suggests 3 steps to India to sustain high growth rate
Business | Jun 29, 2018, 04:53 PM ISTIndia's growth accelerated to 7.7 per cent in the fourth quarter of Financial Year (FY) 2017-18.
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AIIB 2018 meet in Mumbai: No spike in inflation due to rising crude prices, says PM Modi
Business | Jun 26, 2018, 12:57 PM ISTArguing that BJP-led government was committed to fiscal consolidation, PM Modi said that the rising crude prices have not resulted in a spike in inflation and the macroeconomic fundamentals of the country remain strong.
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India wants AIIB investments in 9 projects: Goyal
India | Jun 25, 2018, 07:03 PM ISTSpeaking to the media, Goyal said India has already picked up almost 28 per cent - or $1.4 billion - AIIB's total lending’s, for seven projects in the country.
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Higher crude prices, interest rate may cap GDP at 7.5%: Nomura
Business | Jun 15, 2018, 05:09 PM ISTThe rate hike by RBI and the oil prices raise concerns over the sustainability of what was termed as a "cyclical, broad-based recovery", Nomura's chief India economist Sonal Varma said.
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Sensex extends rally, vaults 284 points to end at 35,463
Business | Jun 07, 2018, 05:53 PM ISTThe 30-share BSE Sensex opened on a strong footing at 35,278.38 and maintained its upward trend to hit the day's high of 35,628.49.
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India's Q4 GDP grows at robust 7.7%, highest since demonetisation
Business | May 31, 2018, 07:50 PM ISTHowever, the GDP growth during the third quarter (Q3) of the fiscal was revised to 7 per cent from 7.2 per cent, as was declared in February.
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India's over 7% projected growth rate 'amazingly fast', can double economy in 10 years: ADB
Business | May 06, 2018, 10:55 AM ISTThe Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with 7.3 per cent growth in 2018-19, and 7.6 per cent in 2019-20.
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Morgan Stanley says investor confidence in India's growth story on decline
Business | May 03, 2018, 05:55 PM ISTUS investment banker Morgan Stanley said on Thursday that lower return expectations from the Indian stock market is due to persistent growth disappointment of past few years, signalling low investor confidence in the nation's growth story.
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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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Demonetisation, GST led to formalisation of economy: Arun Jaitley
Business | Apr 03, 2018, 09:56 PM ISTAccording to the data released by the Finance Ministry on Monday, 6.84 crore returns were filed during 2017-18, significantly higher than 5.43 crore filed in the previous fiscal.
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Indian economy growing, but not generating jobs, says Rahul Gandhi
National | Mar 24, 2018, 03:16 PM IST"We are growing decently as an economy, but we are not creating jobs because those who have skills aren't getting access to finance and support," Gandhi said.