Economic Growth | The Asian Age

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Finance Minister Arun Jaitley on Thursday said India has standardised itself for a 7-8 per cent growth rate. (Photo: PTI)

India has standardised itself for 7-8 per cent growth: Jaitley

India is getting closer to a situation where the country can spend what it earns, and borrows relatively less, he said.

30 Nov 2017 3:40 PM

India’s economic growth pace likely picked up in the three months ending in September, halting a five-quarter slide. (Photo: AP/Representational)

India seen posting stronger growth on GST, note ban disruptions fading

The economy had slowed down to a trickle of 5.7 per cent in the June to April quarter, largely on GST and note ban disruptions.

30 Nov 2017 9:24 AM

Analysts are expecting a higher dataprint for the September quarter GDP that will be announced on Thursday, with some of them pegging it at 6.4 per cent. (Photo: AP/Representational)

Analysts expect GDP to hit 6.4 per cent after disappointing Q1 show

Growth had slid to a three-year low of 5.7 per cent for the three months to June on the spillover effects of the note ban and GST.

29 Nov 2017 4:35 PM

Indian economic growth likely rebounded in the July-September quarter from the slowest growth in three years, said a Reuters poll. (Representational Image)

India's GDP growth likely to pick up in Q2, break five-quarter slide

The Reuters poll also showed India’s gross value-added (GVA) growth estimate likely accelerated to 6.2 per cent, from 5.6 per cent.

28 Nov 2017 7:06 PM

Former RBI Governor Raghuram Rajan. (Photo: PTI)

Need broad-based economic growth, more job opportunities: Rajan

Short-term political solutions to the job reservation issue can damage the fabric of the country.

27 Nov 2017 11:53 AM

Images depicting the culture and architecture of Girangaon

Girangaon: The lost charm of Mumbai

However, the mill workers’ strike of 1982 was the beginning of the end of an era when everything built over a century started to crumble down.

23 Nov 2017 5:25 AM

The restrictions imposed on foreign banks operating in developing countries since the 2007-09 global financial crisis are hampering better growth, warned the World Bank.

Restrictions on foreign banks in developing countries hamper growth: World Bank

Developing economy policymakers would do well to consider how to maximise the benefits of cross-border banking while minimising its costs.

08 Nov 2017 12:12 PM

Finance Minister Arun Jaitley. (Photo: PTI)

India maintains positive economic growth for past 3 years: Jaitley

India has remained as the world's fastest growing economy for the past three years.

24 Oct 2017 5:19 PM

A report by DBS said that recovery in Indian economy would "critically" depend on the initiatives taken by the government. (Representational Image)

Economic slowdown bottomed out, recovery depends on initiatives by govt: D&B

D&B expects CPI inflation to be in the range of 3.3-3.5 per cent and WPI inflation to be in the range of 2.7-2.9 per cent in October.

23 Oct 2017 4:09 PM

Niti Aayog says slowdown has bottomed out

On a quarterly basis also, the growth in the first quarter of the current fiscal has slipped to 5.7 per cent.

16 Oct 2017 2:50 AM

Consumer confidence in the economic scenario of the country has turned negative as people remain pessimistic about price levels, income and dipping employment opportunities. (File Photo)

Consumer confidence in economy turns 'pessimistic'; people worry about jobs, income

These sentiments are in line with the economic data released in the last couple of months that indicate a sluggish growth.

09 Oct 2017 12:07 PM

Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

Relief for small and medium enterprises, 27 items cheaper

Prime Minister Narendra Modi welcomed the steps announced on Friday and said the GST has become “even simpler” after GST Council’s recommendations.

07 Oct 2017 1:38 AM

Prime Minister Narendra Modi addresses during the inauguration of the Golden Jubilee Year Celebrations of the Institute of Company Secretaries of India at Vigyan Bhavan in New Delhi. (Photo: PTI)

Economy on track, assures PM Modi

Modi said that a “handful of people” are trying to spread pessimism based on the slowdown in the last economic quarter.

05 Oct 2017 2:42 AM

India's GDP slowed down to 5.7 per cent on the back of demonetisation and GST. (Photo: AP)

RBI should have cut interest rate to boost growth: India Inc

Industry argues rate cut would have propelled demand as interest rates remain unduly high.

04 Oct 2017 6:14 PM

Decline in interest rates would boost demand for consumer durables, stimulate investments, and make Indian products more competitive.

Economic turnaround: The only way is up

The government has front-loaded capital spending and undertaken significant reform policies including GST.

03 Oct 2017 1:44 AM

Finance Minister Arun Jaitley has asked companies to not panic and to instead focus on investments. Photo: PTI

No need to panic, focus on investment: Jaitley to India Inc

Jaitley and Niti Aayog CEO Amitabh Kant called for a boost in private spending and the need for a healthy banking system.

25 Sep 2017 10:36 AM

Suresh Prabhu, the new minister for commerce, just days into his job, is already evaluating possible incentives to kickstart export growth, which has languished since 2014.

Recapturing growth: What govt should do

Growth was bound to suffer because India depends significantly on private entrepreneurship and capital.

23 Sep 2017 6:45 AM

The Indian government is considering a plan to loosen the fiscal deficit target so that it could spend an additional Rs 500 billion to bolster the economy. Photo: PTI

India considering USD 7.7 billion stimulus spending in 2017/18: sources

On Wednesday, Finance Minister Arun Jaitley said the government was looking for ways to lift economic growth.

21 Sep 2017 6:43 PM

Finance Minister Arun Jaitley on Wednesday said the government is considering additional measures to bolster the slowing economy. Photo: AP

Govt considering additional measures to tackle economy: FM

The minister said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.

20 Sep 2017 5:19 PM

Finance Minister Arun Jaitley on Wednesday said the government will take additional measures to bolster the economy. (Photo: PTI)

Govt to take 'additional measures' to tackle economic growth: Jaitley

The Finance Minister also announced the merger and modernisation of 17 Government of India Presses.

20 Sep 2017 4:50 PM

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Syed Ata Hasnain