Currently browsing : India economy
14th May, 2013
Indian inflation slips below five pc for first time since 2009
The Wholesale Price Index rose 4.89 per cent in April from a year earlier, sharply lower than the previous month's rise of 5.96 per cent.
The Wholesale Price Index rose 4.89 per cent in April from a year earlier, sharply lower than the previous month's rise of 5.96 per cent.
23rd April, 2013
India PM adviser says economy bottomed out, sees 6.4 pct growth
“I believe we have reached the bottom, the economy will now continue to grow at a faster rate,” India's top economic adviser Rangarajan told reporters.
“I believe we have reached the bottom, the economy will now continue to grow at a faster rate,” India's top economic adviser Rangarajan told reporters.
19th March, 2013
India’s central bank cuts interest rate
India's central bank cut its main interest rate by 25 basis points on Tuesday in an effort to jumpstart the slowing economy.
India's central bank cut its main interest rate by 25 basis points on Tuesday in an effort to jumpstart the slowing economy.
18th March, 2013
Coal India shares fall on reported stake sale plans
“The finance ministry has already cleared the proposal,” the Economic Times newspaper said, adding that it awaits a final nod from the cabinet.
“The finance ministry has already cleared the proposal,” the Economic Times newspaper said, adding that it awaits a final nod from the cabinet.
26th February, 2013
Indian railway budget impacts economy
Indian Railway Minister’s presentation of the country's rail budget will no doubt affect India’s economy as a whole.
Indian Railway Minister’s presentation of the country's rail budget will no doubt affect India’s economy as a whole.
21st February, 2013
Indian PM appeals to lawmakers to act ‘responsibly’
Singh urged lawmakers to engage in “responsible” debate as the government seeks to push the budget and controversial reforms through parliament.
Singh urged lawmakers to engage in “responsible” debate as the government seeks to push the budget and controversial reforms through parliament.
14th February, 2013
India inflation falls to three-year low, fuels rate cut hopes
The figures stood out as good news in an otherwise gloomy string of recent data for the Congress-led government.
The figures stood out as good news in an otherwise gloomy string of recent data for the Congress-led government.
31st January, 2013
Revised Indian growth data reveal sharp slowdown
The new figures show growth in the financial year to March 2011 was 9.3 per cent, instead of the previously issued 8.4 per cent.
The new figures show growth in the financial year to March 2011 was 9.3 per cent, instead of the previously issued 8.4 per cent.
30th January, 2013
India finance minister rules out election spending spree
India's government will not embark on a pre-election spending splurge in next month's budget as it seeks to bring down the deficit, said the Indian finance minister.
India's government will not embark on a pre-election spending splurge in next month's budget as it seeks to bring down the deficit, said the Indian finance minister.
29th January, 2013
India’s central bank in first rate cut since April
The Reserve Bank of India (RBI) said the benchmark rate, at which it lends to commercial banks, would fall to 7.75 per cent.
The Reserve Bank of India (RBI) said the benchmark rate, at which it lends to commercial banks, would fall to 7.75 per cent.
14th January, 2013
Indian inflation dips, raises hope for rate cut
Inflation was down slightly from 7.24 per cent in November and has been on the decline since October, government figures show.
Inflation was down slightly from 7.24 per cent in November and has been on the decline since October, government figures show.
1st January, 2013
India launches new system for handling welfare
The new program would see welfare money directly deposited into recipients' bank accounts and require them to prove their identity with biometric data.
The new program would see welfare money directly deposited into recipients' bank accounts and require them to prove their identity with biometric data.
27th December, 2012
India PM calls eight per cent economic growth ‘ambitious’
This year's forecast growth would also be far below the near double-digit pace India logged before the onset of the global financial crisis.
This year's forecast growth would also be far below the near double-digit pace India logged before the onset of the global financial crisis.
17th December, 2012
India cuts growth rate forecast to 5.7-5.9%
The full-year rate would be far below the near double-digit pace India set before the onset of the global financial crisis.
The full-year rate would be far below the near double-digit pace India set before the onset of the global financial crisis.
15th December, 2012
India PM says reforms steps ‘only the beginning’
“Our government has acted to reverse the cycle of negative expectations and stimulate investment,” Indian Prime Minister Manmohan Singh said.
“Our government has acted to reverse the cycle of negative expectations and stimulate investment,” Indian Prime Minister Manmohan Singh said.
14th December, 2012
World Bank chief economist hails India reforms
The World Bank expects growth of Asia's third-largest economy to be 5.5 per cent this calendar year, World Bank chief economist Kaushik Basu said.
The World Bank expects growth of Asia's third-largest economy to be 5.5 per cent this calendar year, World Bank chief economist Kaushik Basu said.
7th December, 2012
ADB cuts Asia growth forecasts on India’s slowdown
ADB's growth forecast for China this year remained at 7.7 per cent, while India's estimated rate fell from 5.6 per cent to 5.4 per cent for the 2012 fiscal year.
ADB's growth forecast for China this year remained at 7.7 per cent, while India's estimated rate fell from 5.6 per cent to 5.4 per cent for the 2012 fiscal year.
30th November, 2012
India quarterly growth slows to 5.3%
The 5.3 per cent growth in the second financial quarter was down from 6.7 per cent growth in the same period a year ago.
The 5.3 per cent growth in the second financial quarter was down from 6.7 per cent growth in the same period a year ago.
14th November, 2012
India PM to get $15 bn investment on Japan visit
A total of 19 infrastructure projects worth 1.2 trillion yen will benefit from the deals, which will involve Japanese manufacturers and trading houses, the Nikkei business daily reported.
A total of 19 infrastructure projects worth 1.2 trillion yen will benefit from the deals, which will involve Japanese manufacturers and trading houses, the Nikkei business daily reported.
9th November, 2012
India will follow through with reforms: minister
India will abide by a controversial decision to open retail and other sectors to wider foreign investment, the country's trade minister promised delegates at an international financial conference.
India will abide by a controversial decision to open retail and other sectors to wider foreign investment, the country's trade minister promised delegates at an international financial conference.
