Page 26 - India Economy

Five US Governors to visit India over next 2 months to boost economic ties

The unprecedented move of five American governors visiting India in quick succession is a part of the efforts by the Trump administration and the Modi government to enhance state-to-state relationship

India's GDP expansion much higher than global growth: Sitharaman

Finance Minister Nirmala Sitharaman said reform is a continuous process for her government and it tops the agenda

Podcast: Superluxury items the latest victim of India's slowing economy

But the gloom is in no way a reflection of the number of the wealthy. Listen to this podcast for more

Business leaders seek Rs 1 trillion govt stimulus to revive economy

Industry leaders met Finance Minister Nirmala Sitharaman in New Delhi for three hours.

Govt plans steps to improve economy 'fairly quickly': Nirmala Sitharaman

The government has been meeting industry executives and will take steps to address the challenges facing the economy after a series of meetings this week

Party transactions and more: Sebi flags key issues plaguing India Inc

The second issue, which the market regulator pointed to be plaguing the industry, is non-disclosure of valuation reports and their adherence to transparency

Blueprint for growth

How South Asia can continue as the world's fastest growing subregion

Rs 70K-cr capital infusion in PSBs credit positive, to boost economy: S&P

The proposed Rs 70,000-crore capital infusion into public sector banks (PSBs) will provide a timely booster to these lenders, S&P Global Ratings has said. The move, announced in the Budget, is likely to be credit positive for the banking sector and the economy, S&P said in a note titled 'India's Budget attempts to address trust deficit in the financial sector. "We believe the capital infusion will help PSBs make necessary haircuts on their weak corporate loans and shore up their capital adequacy," said S&P Global rating credit analyst Geeta Chugh. The capital infusion will help some banks to come out of the central bank's prompt corrective action and resume lending and clean up their balance sheets, she added. S&P said it believe PSBs still require substantial reforms to improve risk management, service quality, efficiency, and diversity of product offerings. While the government has infused large amounts of capital into PSBs in the past few years, the progress on ...

India stays lower-middle-income nation while Sri Lanka gets richer: Report

Maldives ($9,310 or Rs 6,36,432) and Sri Lanka ($4,060 or Rs 2,77,542) are the only two countries in South Asia in the upper-middle-income group

To achieve its '$5-trn economy' goal, India must stop scoring own goals

China is now a $13-trillion economy and India's GDP is at $2.8 trillion, but who's counting?

Modi's '$5 trillion economy' ambition far more challenging than achievable

India is, currently, a $2.8 trillion dollar economy; to reach the $5 trillion mark by 2024, the economy would have to grow at over 12% a year

Delay in auction of iron ore mines could hit steel production: Report

The report assumes significance as India has set an ambitious target of ramping up its steel production capacity to 300 million tonnes by 2030-31

Land, labour reforms to push India's economic growth, says N K Singh

The 15th Finance Commission Chairman wants the next govt to focus on reforms to push economic growth

India's consumption acceleration

To benefit from the spending boom, we need guideposts to understand which goods will see a surge in demand and when

Industrial activity to remain subdued over muted demand, 2019 polls: Report

India's industrial activity is expected to remain subdued in the near term, owing to muted domestic demand, weak global economic outlook and uncertainty among businesses over the outcome of Lok Sabha elections, 2019, says a report. According to D&B Economy Forecast, concerns about the government curtailing its investment due to significant shortfall in tax collections against the target, are expected to keep the industrial activity subdued in the near term. Dun & Bradstreet (D&B) expects Index of Industrial Production (IIP) to have moderated by 1.5-2 per cent during December 2018. As per data released by the Central Statistics Office (CSO), industrial output growth dropped to a 17-month low of 0.5 per cent in November on account of contraction in manufacturing sector, particularly consumer and capital goods. Factory output as measured in terms of the IIP had grown by 8.5 per cent in November 2017. D&B Lead Economist Arun Singh said the likelihood of a robust economic ..

Indian economy poised to pick up in 2019, do better than China's: IMF

The IMF's January World Economy Outlook update says India will remain the fastest growing major economies of the world.

India's growth 'very solid' over the past 4 years: IMF's chief economist

Obstfeld said one risk that has become much more evident in the last few years has been non-bank finance, usually called shadow banking.

Worst is over; will increase each district's GDP: Prabhu on India's growth

Prabhu said the aim is to increase the GDP of each district in the country, which will cumulatively contribute for the GDP growth of the nation

Liquidity crunch keeping outlook for world's fastest-growing economy muted

The measure, compiled by Bloomberg News, reflects a sharp drop in a liquidity indicator, a sign of tight financial conditions, as well as slowing growth in infrastructure industries

India should have been a 5-6 trillion dollar economy: Pranab Mukherjee

India is the third military power of the world, said former president Pranab Mukherjee