Currently browsing : Indian economy
15th April, 2013
Indian inflation at lowest in over three years
The closely watched Wholesale Price Index fell to 5.96 per cent in March from a year earlier, down from 6.84 per cent the previous month, marking the lowest level since November 2009.
The closely watched Wholesale Price Index fell to 5.96 per cent in March from a year earlier, down from 6.84 per cent the previous month, marking the lowest level since November 2009.
24th October, 2012
Indian PM wants 8 per cent growth via domestic demand
The Indian economy expanded at near double-digit rates between 2005 and 2011, but the International Monetary Fund forecasts just 4.9 per cent growth in the current fiscal year.
The Indian economy expanded at near double-digit rates between 2005 and 2011, but the International Monetary Fund forecasts just 4.9 per cent growth in the current fiscal year.
8th October, 2012
India working on ‘credible’ plan to cut deficit
India's Finance Minister P. Chidambaram also said he expects economic growth to increase from the 5.5 per cent registered in the first fiscal quarter.
India's Finance Minister P. Chidambaram also said he expects economic growth to increase from the 5.5 per cent registered in the first fiscal quarter.
4th October, 2012
India’s PM forges ahead with reforms
Despite fierce resistance from opposition parties, Manmohan Singh appeared intent on more moves aimed at reviving the flagging economy.
Despite fierce resistance from opposition parties, Manmohan Singh appeared intent on more moves aimed at reviving the flagging economy.
27th September, 2012
India government preparing new reforms: minister
Speaking after a meeting of leaders in the left-leaning ruling coalition, Finance Minister P. Chidambaram stressed that more changes were in the pipeline.
Speaking after a meeting of leaders in the left-leaning ruling coalition, Finance Minister P. Chidambaram stressed that more changes were in the pipeline.
12th September, 2012
India’s economic euphoria sours, US report
India’s economic euphoria has soured and the Indian economy is now faring worse than those of China and Brazil, says a US think-tank, the Pew Research Center.
India’s economic euphoria has soured and the Indian economy is now faring worse than those of China and Brazil, says a US think-tank, the Pew Research Center.
22nd August, 2012
Top economist ponders India’s trust deficit
“A modern market economy cannot function without a modicum of altruism and trustworthiness."
“A modern market economy cannot function without a modicum of altruism and trustworthiness."
17th August, 2012
Indian panel lowers 2012/13 GDP estimate to 6.7 pct
India's economy has lost momentum due to global headwinds, sluggish policymaking and high interest rates.
India's economy has lost momentum due to global headwinds, sluggish policymaking and high interest rates.
6th August, 2012
Global fears shackle India’s outsourcing job-hoppers
The decline comes as the main US and European customers of India's outsourcing sector struggle with low economic growth.
The decline comes as the main US and European customers of India's outsourcing sector struggle with low economic growth.
5th August, 2012
India’s love of appliances boosts power consumption
The monster grid failure was blamed on greedy states consuming more than their allotted power quotas as they sought to meet spikes in demand.
The monster grid failure was blamed on greedy states consuming more than their allotted power quotas as they sought to meet spikes in demand.
16th July, 2012
Indian inflation falls slightly to 7.25 per cent
Inflation slowed to 7.25 per cent in June from a year earlier, but it remained above the central bank’s comfort level.
Inflation slowed to 7.25 per cent in June from a year earlier, but it remained above the central bank’s comfort level.
16th July, 2012
Indian businessmen reject Obama’s concerns on Indian economy
US President Barack Obama had said the American business community had told him it was “still too hard” to invest in India.
US President Barack Obama had said the American business community had told him it was “still too hard” to invest in India.
6th July, 2012
No corruption ‘explosion’ on my watch: Indian PM
Singh argued that the Indian economy was healthier than media “pessimism” suggested, and promised further measures on tax issues that have rattled foreign investors.
Singh argued that the Indian economy was healthier than media “pessimism” suggested, and promised further measures on tax issues that have rattled foreign investors.
1st July, 2012
Indian PM raises hopes of fresh economic reforms
“He's got the economy's pulse. There's a lot of hope building that he will take some right steps.”
“He's got the economy's pulse. There's a lot of hope building that he will take some right steps.”
28th June, 2012
Singh urges revival of Indian economy’s ‘animal spirit’
Singh has urged finance officials to revive the economy's “animal spirit” and reverse a climate of pessimism at a time of sharply decelerating growth.
Singh has urged finance officials to revive the economy's “animal spirit” and reverse a climate of pessimism at a time of sharply decelerating growth.
26th June, 2012
Indian finance minister set to resign
Pranab Mukherjee leaves office at a time of growing criticism of his stewardship of Asia's third-largest economy, which has slowed dramatically at a time of stubbornly high inflation.
Pranab Mukherjee leaves office at a time of growing criticism of his stewardship of Asia's third-largest economy, which has slowed dramatically at a time of stubbornly high inflation.
23rd June, 2012
India to announce new measures to improve economy
The Indian rupee fell to a record low of 57.32 against the dollar for the first time Friday, as global uncertainty pushed investors to the safe-haven US currency.
The Indian rupee fell to a record low of 57.32 against the dollar for the first time Friday, as global uncertainty pushed investors to the safe-haven US currency.
18th June, 2012
Fitch downgrades India’s outlook to negative
The latest blow to the economy follows a downgrade by Standard & Poor’s, with both agencies raising concerns over flagging growth and troublesome deficits.
The latest blow to the economy follows a downgrade by Standard & Poor’s, with both agencies raising concerns over flagging growth and troublesome deficits.
31st May, 2012
Indian guru blames rupee symbol for currency woes
The Indian guru has offered tweaks to the rupee design that he believes would boost the troubled economy.
The Indian guru has offered tweaks to the rupee design that he believes would boost the troubled economy.
24th May, 2012
Indian rupee rebounds from record low
India's rupee posted its first gain against the dollar in four days on Thursday, rebounding from an all-time low on reports that the central bank may consider fresh measures to help the currency recover.
India's rupee posted its first gain against the dollar in four days on Thursday, rebounding from an all-time low on reports that the central bank may consider fresh measures to help the currency recover.
