Economic Growth | The Asian Age

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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

India's GDP growth is likely to cross 8 per cent in the next two years and the government is taking a number of steps including formulation of a new industrial policy to double the economy's size to USD 5 trillion in 7-8 years.

Economic growth may cross 8 per cent in next 2 years, says Prabhu

India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March quarter of last fiscal.

08 Jun 2018 4:52 PM

India’s economic expansion at 7.7 per cent was significantly higher than China’s 6.8 per cent in the same January-March period.

GDP growth up to 7.7 per cent in Q4

It’s much higher than China’s 6.8%.

01 Jun 2018 2:07 AM

Indian economy grew 7.7 per cent in January-March 2018, the biggest expansion in seven quarters.

Indian economy expands 7.7 per cent in Q4, 6.7 per cent in FY18

However, the economic growth slows to 6.7 per cent in 2017-18 compared to 7.1 per cent in 2016-17.

31 May 2018 6:52 PM

While last year, the Niti Aayog had prepared a three-year action agenda till the year 2019-2020 under which it had listed some “ambitious proposals for policy changes”, the development agenda will focus on actually achieving those goals by 2022.

Government sets ambitious farm, export, job targets for 2022

Aims to double farmers’ income, boost manufacturing, economy.

18 May 2018 3:39 AM

President Ram Nath Kovind said on Tuesday that the 12 'champion' services sectors including IT and tourism identified by the government hold a huge potential to attract global investors, promote India's economic growth and generate jobs. (Photo: PTI)

Services sector can attract huge investment, generate jobs: Kovind

In February, the central government had set up a Rs 5,000 crore dedicated fund to promote 12 'champion' services sectors.

15 May 2018 3:38 PM

Govt eyes job-creation in 12 sectors

PMO dedicates Rs 5,000 crore to boost economic growth.

12 May 2018 1:21 AM

According to the Economic Survey (2017-18), child and maternal malnutrition posed the most challenging health risk of our times.

Malnutrition: India’s silent catastrophe

Malnutrition threatens a child’s physical as well as mental wellbeing for many years to come.

07 May 2018 12:37 AM

The deep crisis, which afflicts India’s agriculture sector, is not unknown. Farming has become an unviable occupation.

India needs a systematic overhaul in agriculture to ensure food security

The composition of the food basket is increasingly shifting away from cereals to high-value agricultural commodities like fish, eggs, milk and meat.

07 May 2018 12:26 AM

The Indian economy is witnessing a "cyclical upswing" and the country is likely clock a GDP growth of 7.5 per cent this financial year, says a Deutsche Bank research report.

India likely to clock 7.5 pc growth in FY19: Deutsche Bank

Higher oil prices can potentially slow the pace of recovery.

29 Apr 2018 11:33 AM

Average monsoon rains raise possibility of higher farm and economic growth in country. (Representational image)

India likely to receive average monsoon rains in 2018: Met department

Monsoon rains, the lifeline of the country’s USD 2 trillion economy, are expected to be 97 per cent of a long-term average.

16 Apr 2018 5:27 PM

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Shobhaa De