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The answer, it seemed, was not difficult to seek for those who believed that economic growth in India, then as it is now, is state driven.

India's economic growth at 6-yr-low with GDP growth at 5pc in June...

Slowdown attributed to dull performance to low consumption, delayed monsoon, rising global trade tensions affecting...

30 Aug 2019 7:33 PM IST

There is no doubt that this is a tough time for the Indian economy. Growth has slowed down to rates not seen since 2008-9. Consumption has fallen. Businesses have been pushed to the brink.

Economic growth seen slipping in April-June, more stimulus expected

Slowdown has been driven by a fall in household savings and banks' increased bad loans, which has hit private...

29 Aug 2019 3:04 PM IST

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan. (Photo: AP)

As Imran completes a yr in power, Pak's fiscal deficit on 3-decade...

The deficit increased to 8.9 per cent of Pakistan's gross domestic product in the year that ended in June.

28 Aug 2019 10:50 AM IST

GDP stands for Gross Domestic Product.

Strong, decisive leadership isn't always good, can cause blunders

Decisions are good when the outcomes are understood and there is a calculation on the degrees of fallout.

26 Aug 2019 12:05 AM IST

The NDA/BJP government is looking increasingly cornered on every governance paradigm. However, its weakest link is the gross mismanagement of the Indian economy. (Representational image)

Govt announces raft of measures to boost economy; more steps on anvil

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

24 Aug 2019 12:03 PM IST

GDP stands for Gross Domestic Product.

India's economy is now riding a roller-coaster

The problem is that no political economy sensitive plan to implement these reforms has emerged.

24 Aug 2019 12:00 AM IST

The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala...

23 Aug 2019 8:28 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India's GDP growth set to slow further in Apr-Jun qtr to 5.7 pc:...

India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.

21 Aug 2019 12:32 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI capital transfer: Jalan panel likely to get extension to finalise...

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

1 Aug 2019 10:11 AM IST

The belief is this would force departments to show efficiency and necessity for funds.

Govt may seek Rs 30,000 cr interim dividend from RBI

Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to...

29 Sept 2019 2:38 PM IST

In a bid to prevent vehicle thefts or misuse of stolen vehicles, the Central government has directed auto makers to affix laser-oriented microdots in their vehicles and parts, which can be read only by microscopes under ultraviolet light sources.

Auto industry to gain most from tax cut

However, the industry itself and sector analysts are optimistic that the worst is over.

24 Sept 2019 1:55 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Economy: Too little too late

The govt will soon run out of money to be able to incentivise the revival on a scale needed to bolster the GDP growth in...

16 Sept 2019 2:14 AM IST