Indian Economy
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India to become one of three largest economies in 25 years: Arun Jaitley
Business | Jan 23, 2018, 08:55 PM ISTFinance Minister Arun Jaitley said that India stood as an exception in a world where most countries had started to increasingly look inwards.
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Modi at Davos: In keynote speech at World Economic Forum today, PM to hardsell India as 'open economy'
World | Jan 23, 2018, 12:54 PM ISTPM Modi, in his today’s speech, is likely to hardsell India’s key economic reforms and quick jump in World Bank’s Ease of Doing Business rankings to invite global business players to come and ‘Make in India’.
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WEF 2018: India means business, PM Modi tells global CEOs; holds talks with Swiss President
World | Jan 23, 2018, 09:03 AM ISTPM Modi Modi on Monday told top CEOs at the opening ceremony of the World Economic Forum Summit 2018 that India means business and presents opportunity for the global business.
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With 7.4% growth rate, India to overtake China as fastest growing economy in FY 2018-19: IMF
Business | Jan 23, 2018, 01:39 PM ISTThe IMF estimates for India are slightly better than the World Bank’s estimate of 7.3% for the next fiscal year made earlier this month.
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World Economic Forum: PM Modi leaves for Davos, to hardsell India as engine of world economic growth
Business | Jan 22, 2018, 10:40 AM ISTPrime Minister Narendra Modi will today leave for Davos, Switzerland, to attend the 48th annual meeting of the World Economic Forum.
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India's richest 1% corner 73% of wealth generation: Survey
Business | Jan 22, 2018, 10:46 AM ISTThe richest 1 per cent in India cornered 73 per cent of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.
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Gender parity can boost India's GDP by 27%, say WEF co-chairs
Business | Jan 21, 2018, 01:47 PM ISTRaising women's participation in the labour force to the same level as men can boost India's GDP by 27 per cent, IMF Chief Christine Lagarde and Norway's Prime Minister Erna Solberg have said in a joint paper.
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India Ratings projects economic growth at 7.1 per cent in 2018-19
Business | Jan 19, 2018, 02:51 PM ISTThe agency claimed improvement in GDP growth from the current 6.5 per cent to 7.1 per cent will be buoyed by robust consumption demand and low commodity prices.
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Chinese economy grows at 6.9% in FY 2017-18; set to reclaim 'fastest growing economy' tag from India
World | Jan 18, 2018, 06:18 PM ISTThe 6.9 per cent growth rate beats economists' forecasts for China, the world's second largest economy and the Chinese government's own official growth target of 6.5 percent.
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Tax base, digitization of economy expanding: Arun Jaitley
Business | Jan 15, 2018, 10:57 AM ISTFM Arun Jaitley also said the honest tax payer are forced to pay higher taxes due to tax evaders, and once the tax payer base expands the tax rate can come down.
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India ranks 30th on WEF's global manufacturing index, China 5th
Business | Jan 14, 2018, 04:11 PM ISTThe report analyses development of modern industrial strategies and urges collaborative action.
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Modi's 'economic mismanagement' decelerated growth: Congress
National | Jan 10, 2018, 04:12 PM ISTRandeep Surjewala sarcastically said Modi had not even listened to the sound counsel of economists because "innate wisdom of Modinomics needs no counsel".
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PM Modi to interact with leading economists, sectoral experts today to discuss growth roadmap
Business | Jan 10, 2018, 12:28 PM ISTPM Modi will interact with leading economists and sectoral experts today to deliberate on economic policy roadmap for promoting growth and employment.
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Congress slams government for economic slowdown, lack of jobs
India | Jan 06, 2018, 10:38 PM ISTIn a statement a day after estimates that GDP would be 6.5 per cent in 2017-18, party leader and former Union Finance Minister P. Chidambaram said the government's tall claims of India growing at a "robust" growth rate have evaporated in thin air.
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GDP growth to be more robust in 2018-19: NITI Aayog
Business | Jan 05, 2018, 07:52 PM ISTRajiv Kumar's remarks came after Chief Statistician T.C.A. Anant announced that Indian economy was expected to grow at a slower 6.5 per cent in 2017-18 compared to the 7.1 per cent in 2016-17.
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GDP growth seen at four-year low of 6.5% in 2017-18: CSO
Business | Jan 05, 2018, 08:25 PM ISTEarlier, the country's GDP growth for the second quarter of the current fiscal ended September 30 was 6.3 per cent -- up from 5.7 per cent reported during the first quarter of 2017-18.
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Arun Jaitley blames erstwhile UPA regime for bad loans; says ‘govt putting all resources to resolve NPAs’
Business | Jan 04, 2018, 07:46 PM ISTJaitley said that it was reckless lending by banks during the boom years in the previous government that had led to accumulation of such huge NPAs in the banking system.
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Arun Jaitley terms opposition comments on economy 'exaggerated'
Business | Dec 29, 2017, 06:51 PM ISTJaitley's remarks came after TMC MP Saugata Roy said the country's growth rate plummeted to an all-time low of 5.7 per cent in the first quarter of 2017-18 and showed only a small rise in the second quarter.
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India's economic growth slowed down in 2016-17: Arun Jaitley
India | Dec 29, 2017, 05:34 PM ISTJaitley said the slower economic growth reflected lower growth in the industry and the services sectors, due to a number of factors including structural, external, fiscal and monetary factors.
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India to surpass Britain and France to emerge world’s 5th largest economy in 2018: CEBR
Business | Dec 26, 2017, 11:45 AM ISTIndia’s ascent is part of a trend that will see Asian economies increasingly dominate the top 10 largest economies over the next 15 years, the 2018 World Economic League Table notes.