Indian Economy
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1 pc of India’s richest own 58 pc of total wealth, reveals Oxfam report
Jan 16, 2017, 11:44 AM ISTIn a clear indication of rising income inequality in the country, India's richest one per cent now hold a huge 58 per cent of the nation's total wealth – higher than the global figure of about 50 per cent, a new study said on Monday.
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India at ‘exciting but challenging time’, can become ‘economic powerhouse’: Viral Acharya
Jan 10, 2017, 01:00 PM ISTIndia, one of the world's fastest growing economies, is in an "exciting but challenging time" and has massive potential to become an "economic powerhouse", RBI's newly-appointed Deputy Governor and noted economist Viral Acharya said here.
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Tax collections soared in April-Nov period despite note ban: Jaitley
Jan 09, 2017, 04:19 PM ISTFinance Minister Arun Jaitley on Monday said that the tax collection has gone up in nine months from April 2016 to December 2016, indicating a robust gain despite demonetisation.
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Government lowers GDP forecast to 7.1 per cent for current fiscal, lowest in 3 years
Jan 06, 2017, 07:05 PM ISTThe government today lowered the GDP forecast for the current fiscal to 7.1 per cent as compared to 7.6 per cent.
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India on cusp of leap towards higher growth: Pranab Mukherjee
India | Dec 23, 2016, 09:34 PM ISTIndia is on the cusp of a leap towards a higher economic growth trajectory, President Pranab Mukherjee on Friday said today. Addressing the centenary celebrations of the Federation of Telangana and Andhra Pradesh Chambers of
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PM Modi’s reform initiatives will boost development: President Mukherjee
National | Dec 23, 2016, 06:29 PM ISTPresident Pranab Mukherjee on Friday hailed the series of reforms being initiated by Prime Minister Narendra Modi, saying India has emerged as the fastest growing economy at a time when major global economies were limping.
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Indian economy may sustain 7.6 pc growth rate in 2017 owing to structural reforms: UN report
Dec 02, 2016, 01:58 PM ISTUN report on Friday said that India's economy is projected to grow at 7.6 per cent in 2017, crediting India and China for steady growth of the Asia-Pacific region.
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India's income will go up by 27pc with women participation: IMF
Nov 15, 2016, 09:57 AM ISTIMF Managing Director Christine Lagarde has said that India's national income will increase by 27 per cent if the participation of women in the workforce matches the level of men.
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India lost 550 jobs each day in past four years, finds study
Oct 17, 2016, 11:29 AM ISTIn a study that has come forth as an eye-opener, as many as 550 jobs have vanished per day in last four years, and if this trend is to be continued, employment in India would
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World Bank confident of consistent growth of India’s GDP, estimates 7.7 pc growth for 2017
Oct 04, 2016, 05:21 PM ISTEnsuring better days for India in the future, the World Bank today said that the country’s GDP will remain at 7.6 per cent in 2016 and 7.7 per cent in 2017. The bank attributed the
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Indian GDP to grow 7.9% this fiscal, private consumption to rise: Crisil
Oct 03, 2016, 08:57 AM ISTWith agriculture income growth "at an above-trend 4 per cent", India's real gross domestic product (GDP) is expected to grow this fiscal at 7.9 per cent, while annual retail inflation would remain contained at 5
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India embarking on significant reforms, to grow at more than 7 per cent: IMF
Sep 30, 2016, 11:36 AM ISTInternational Monetary Fund (IMF) has said that India is embarking on significant reforms and will grow at more than 7 per cent.
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For second consecutive year, India climbs 16 places in Global Competitiveness Index
Sep 28, 2016, 01:24 PM ISTIn a big boost to Prime Minister Narendra Modi government’s reform initiatives for the Indian economy, India has climbed 16 places to the 39th rank in the latest Global Competitiveness Report prepared by the World Economic Forum.
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GST to strengthen growth, make economy more predictable: PM Modi
Aug 15, 2016, 02:12 PM ISTPrime Minister Narendra Modi today said the Goods and Services Tax (GST), which will replace a raft of different central and state levies, will strengthen growth efforts and make economy more predictable.
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For achieving 8 pc GDP growth, India should make ‘wise choice’ to head RBI: S&P
Jul 22, 2016, 01:02 PM ISTThe global rating agency Standard and Poor’s (S&P) has said that Indian economy’s success story is “pretty solid” and that the country’s GDP is expected to grow by 8 per cent in the next two
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Quality of growth improving, but govt short of target on job creation: Crisil
Jul 12, 2016, 08:39 PM ISTQuality of the country's growth is improving with focus shifting from populism or on boosting cyclical growth through fiscal and monetary stimuli to "repairing the system and initiating structural reforms", rating agency Crisil has said.
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Indian economy stands out amongst emerging markets: RBI
Jun 28, 2016, 06:30 PM ISTDespite global uncertainties, banking sector issues, the economy stands out in terms of growth as compared to other emerging markets and the Indian financial system remains stable, a report released by Reserve Bank today said.
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India’s industrial output falls 0.8 pc in April
Jun 10, 2016, 06:13 PM ISTThe Index of Industrial Production (IIP) contracted 0.8 per cent in April compared with 0.1 per cent growth in the previous month.
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India obvious candidate to drive global growth: HSBC
Jun 10, 2016, 05:51 PM ISTIndia is the "obvious candidate" to push global growth amid a lingering slowdown but it will need sustained GDP expansion to reach, by the middle of next decade, the share of world GDP that China had at the height of its boom in 2005, says an HSBC re
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India now a 'lower-middle-income' economy for World Bank
Jun 04, 2016, 07:07 AM ISTThe World Bank has dropped the use of developing nation tag for India in its specialised reports and instead classifies it as a "lower-middle-income" economy in South Asia, a top official has said.