Economic Growth | The Asian Age

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Expanding investment in infrastructure will generate jobs, promote tourism and play catalytic role in overall growth.

PM's infra development vision to play catalytic role in overall growth: Assocham

Infra development will boost confidence of domestic and global investors as it will reduce the cost of doing business.

14 Nov 2018 11:11 AM

India's economic growth held back due to note ban, GST: Raghuram Rajan

Mr Rajan said for four years -- 2012 to 2016 -- India was growing at a faster pace before it was hit by two major headwinds.

10 Nov 2018 4:45 PM

Prime Minister Narendra Modi on Monday warned oil producers like Saudi Arabia that higher crude prices are hurting global economic growth and they should do more to bring down rates to reasonable levels.

High crude prices hurting global growth: Modi to oil producers

The prime minister said crude oil prices at a four-year high was hurting global growth.

15 Oct 2018 5:49 PM

Lower rates also ease the pressure on both the firms themselves and their creditors to clean up balance sheets.

Low interest rates spawn rise in number of zombie firms

Economists generally define a zombie firm as one that is at least 10 years old but is not to cover its debt servicing cost with its profits.

24 Sep 2018 7:41 AM

The government is determined to keep fiscal deficit within the budgeted level of 3.3 per cent of GDP as the country cannot afford to have a twin deficit problem, a top official said.

Govt determined to contain fiscal deficit at 3.3 per cent

The official said a depreciating rupee and high crude import bill would definitely put pressure on the country's current account deficit.

13 Sep 2018 12:49 PM

India's economic growth is expected to moderate in the second half of this financial year after a strong first quarter, owing to tighter financial conditions, high oil prices and slowing global growth, says a UBS report.

India's economic growth to slow in second half of this fiscal: UBS

The Indian economy grew at a two-year high of 8.2 per cent in the April-June quarter of current fiscal.

10 Sep 2018 5:44 PM

Currently, the size of ecommerce in India is estimated to be $35 billion.

E-commerce to cross $100billion by 2022, says study

As a result, the industry is seeing a growing focus on customer experience, thereby taking e-commerce beyond just selling things online.

08 Sep 2018 2:05 AM

India's e-commerce market is set to grow three times to surpass USD 100 billion by 2022 and may trigger over a million jobs in the coming years, a report said on Friday.

India's e-commerce market to surpass USD 100 billion by 2022: report

The e-commerce market is worth about USD 35 billion at present.

07 Sep 2018 5:50 PM

Economic affairs secretary S.C. Garg said that robust performance in Q1 “gives hope” that growth could exceed even estimates of 7.5% for the year as whole. (Representational Image)

Growth in economy hits near 2-year high

Low base in FY18 helps post 8.1% Q1 growth, says expert.

01 Sep 2018 12:12 AM

Congress leader P. Chidambaram speaks during a press conference at AICC Headquarters in New Delhi on Sunday. (Photo: Asian Age)

Congress slams government over slow growth

Chidambaram made several comparisons between the Congress and BJP governments.

20 Aug 2018 12:44 AM

Calling mainstream predictions "pure nonsense", Larry Kudlow declared that the expansion already the second-longest on record is merely in its "early innings". (Photo: AP)

Trump team predicts an economic boom, defying most analysts

Yesterday, President Donald Trump's chief economic adviser made his case for the boom.

17 Aug 2018 11:52 AM

India Ratings on Thursday revised down its economic growth forecast for financial year 2018-19 by two notches to 7.2 per cent citing rising inflationary risks.

India Ratings pegs down FY19 GDP forecast to 7.2 pc on inflation

The ratings agency has also revised upwards its inflation forecast despite a likely normal rainfall this year.

16 Aug 2018 5:14 PM

WTI crude futures CLc1 were down 10 cents, or 0.15 per cent, at $66.71 per barrel.

Oil dips as US, China trade dispute expected to stall economic growth

US crude oil exports to China, seen as a tool to reduce America’s trade deficit with Asia’s biggest economy.

10 Aug 2018 9:17 AM

Goyal was speaking in the Lok Sabha after moving four bills seeking to amend the Goods and Services Tax (GST) laws for consideration and passage. (Photo: File)

GST on more items to be slashed as revenue increases: Piyush Goyal

GST Council has reduced rates on many items and services in last round. We want consumer to be burdened less by indirect tax, says minister.

09 Aug 2018 7:34 PM

Urging Niti Aayog to formulate a policy for waste recycling, Union Minister Nitin Gadkari on Monday said converting waste into wealth offers a more than Rs 5 lakh crore opportunity in the country.

Waste recycling offers Rs 5,00,000 crore opportunity, says Gadkari

Gadkari said the policy can create huge employment potential and can bolster the country's economic growth.

07 Aug 2018 11:38 AM

India's economic growth momentum is likely to pick up further in the April-June period and the country is expected to clock GDP growth of 7.5 per cent in this financial year, says a Morgan Stanley report.

India's GDP growth to rise to 7.5 per cent this fiscal, says report

In the January-March quarter, India's gross domestic product (GDP) grew at the fastest pace.

02 Aug 2018 11:43 AM

In August and September India could get 88 per cent and 93 per cent rainfall respectively of the LPA, the agency said.

Farm output at risk as rain forecast slashed

Lower farm incomes due to scanty rains could hit the demand for an array of consumer goods.

02 Aug 2018 2:04 AM

Burj Khalifa, Dubai, the world’s tallest building.

Dubai keen to increase number of Indian tourists

In 2017, an estimated 2.07 million tourists from India visited Dubai, and they were not stop-over.

31 Jul 2018 12:27 AM

The rupee, already down more than 7 per cent this year, has been pressured by a sell-off in emerging markets. (Photo: PTI)

Trade war risk, rising oil costs seen keeping rupee near record low: report

Rupee hit an all-time low of 69.09 per dollar last week and is the worst-performing currency in Asia this year.

07 Jul 2018 10:14 AM

Arun Jaitley has said that 7.7 per cent economic growth in the fourth quarter of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is likely to continue for some years.

India to continue as fastest growing economy for some years, says Jaitley

Former prime minister Manmohan Singh had predicted that GDP would decline by 2 per cent on account of demonetisation.

18 Jun 2018 1:41 PM

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Farrukh Dhondy