Indian Economy
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Year Ender 2017 News: GST made 2017 most significant year for Indian economy since 1947
Business | Dec 27, 2017, 04:45 PM ISTThe earlier system was a myriad of central and state taxes where the movement of goods was slowed down by products being taxed multiple times and at different rates.
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Indian economy to recover sharply in Jan-March quarter, GDP to grow at 7.5% in 2018: Nomura
Business | Dec 24, 2017, 02:58 PM ISTAccording to Nomura's Composite Leading Index, some growth consolidation is likely in the Oct-Dec quarter, followed by a sharp recovery in Q1 2018 due to ongoing remonetisation and improving global demand.
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Significant rise in economic inequality in India since 1980’s, report claims
India | Dec 15, 2017, 12:47 PM ISTThe top 0.1 per cent of earners capture more growth than all those in the bottom 50 per cent combined, says the World Inequality Report.
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India's growth rate to accelerate to 7.2% in 2018, 7.4% in 2019: UN
Business | Dec 11, 2017, 11:56 PM ISTChina's economic growth for this year was 6.8 percent, according to the report, putting it slightly ahead of India. But the growth projections for China is 6.5 percent next year and 6.3 percent in 2019.
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RBI retains GDP growth estimate at 6.7%, says economy on mend
Business | Dec 06, 2017, 06:44 PM ISTThe comments comes within days of the official data reporting an improved set of macro-growth numbers in the second quarter of 2017-18.
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Fitch Ratings cuts India's 2018 GDP growth forecast to 6.7%, says 'rebound weaker than expected'
Business | Dec 04, 2017, 09:51 PM ISTIt also cut GDP growth forecast for 2018-19 fiscal year to 7.3 per cent from 7.4 per cent predicted in its September Global Economic Outlook (GEO).
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Manmohan Singh slams note ban, GST; asks PM to find "more dignified ways" to seek votes
National | Dec 02, 2017, 10:42 PM ISTHe welcomed the 6.3 per cent growth rate in the July-September quarter but cautioned that it was too early to conclude that the economy has recovered.
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Finance Minister Arun Jaitley addresses the media on GDP growth figures
News | Nov 30, 2017, 11:08 PM IST -
P Chidambaram on GDP growth: “6.3% rise far below the promise of Modi government”
National | Nov 30, 2017, 07:28 PM ISTThe gross domestic product (GDP) growth had hit a three-year low of 5.7 per cent in the first quarter of 2017-18. It was 7.5 per cent in the September quarter of 2016-17.
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Jaitley on GDP growth: 'Sept quarter's positive result impacted by growth in manufacturing'
Business | Nov 30, 2017, 11:03 PM ISTAccording to data from the Central Statistics Office (CSO), the GDP for Q2 stood at Rs 31.66 lakh crore, or a growth of 6.3 per cent.
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GDP expands by 6.3% in September quarter: Here’s who said what
Business | Nov 30, 2017, 08:08 PM ISTThe GDP growth had hit a three-year low of 5.7 per cent in the first quarter of 2017-18. It was 7.5 per cent in the September quarter of 2016-17.
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India's GDP growth surges to 6.3% in September quarter from 3-year low of 5.7% in June quarter
Business | Nov 30, 2017, 10:48 PM ISTAnalysts had expected an higher dataprint for the September quarter GDP, with some of them pegging it at 6.4 per cent, after the disappointing performance in the preceding quarter.
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India needs 'boom period' to achieve 10% growth, says Arun Jaitley
Business | Nov 30, 2017, 03:28 PM ISTJaitley said if GST rates were initially fixed at lower levels, it would have had an inflationary impact on the economy.
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Need broad-based economic growth, more job opportunities: Raghuram Rajan
Business | Nov 27, 2017, 07:59 AM ISTRaghuram Rajan was referring to rising populist nationalism and also agitation by powerful communities, including Patidar community in Gujarat which is feeling discriminated and is seeking reservation in jobs.
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Time for consolidation of reforms initiated in 42 months: Niti Aayog
Business | Nov 26, 2017, 02:54 PM ISTAsked why private investments are not picking up, Niti Aayog Vice Chairman Rajiv Kumar pointed out that most people use only the figure of credit offtake on public sector banks (PSBs) as the proxy for private sector investment.
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S&P refusal to upgrade India’s rating not to impact economic prospects: SBI
Business | Nov 25, 2017, 01:53 PM ISTStandard & Poor's on Friday maintained its sovereign rating on India stable at ‘BBB-’ while keeping its outlook for India stable.
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S&P’s sovereign ratings ‘very satisfying’, economy strong and improving: Piyush Goyal
Business | Nov 24, 2017, 08:49 PM ISTUnion Minister Piyush Goyal on Friday said that the latest report by ratings agency Standard and Poor’s (S&P) on India’s sovereign ratings is “very satisfying”.
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Economy not out of wood despite Moody's upgrade: Manmohan
Business | Nov 18, 2017, 07:37 PM ISTThe economy needed strong purposeful guidance to move forward at the rate which the government itself says they want the country to move eight to 10 per cent, Singh said.
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I don't see any immediate recovery of our economy: Manmohan Singh
National | Nov 17, 2017, 11:13 PM ISTManmohan Singh said that demonetisation drive was a historic blunder and the outcome has been fresh trouble and hardship for the people.
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Moody's effect: Amit Shah confident of growth reaching 7.5 per cent
National | Nov 17, 2017, 11:39 PM ISTReferring to India's recent jump in the ease of doing business index and findings of Pew research on Modi's popularity, Amit Shah said these are the reflection of the govt's hard work.