Dec 06, 2013 at 15:07 | Source: PTI
The Minister said although the RBI has guidelines on providing credit to the sector, it should ask banks to be a little liberal in giving loans to the industry as it is paramount to the growth of any small business.
Dec 06, 2013 at 12:08 | Source: CNBC-TV18
Siddhartha Sanyal, Chief India Economist at Barclays believes that there is a strong case for RBI to hold rates in the upcoming December monetary policy because he sees inflation softening a bit going forward.
Dec 05, 2013 at 15:55 | Source: PTI
Moody's could move to a stable outlook if its GDP growth expectations exceed 6 percent, the rupee stabilises such that one-year volatility falls below 5 percent -- and a development and reform-focused government is formed with a strong majority, it said.
Dec 04, 2013 at 15:34 | Source: PTI
Preliminary balance of payments data published on Monday showed that the current account deficit fell to USD 5.2 billion in the July-September quarter of 2013-14, or 1.2 percent of GDP.
Dec 03, 2013 at 17:15 | Source: PTI
According to the global brokerage firm, the deficit is likely to widen again as imports get a lift from seasonal demand and a gradual recovery in domestic demand.
Dec 03, 2013 at 15:24 | Source: Moneycontrol.com
The moderation in urban spending may be reflected in the performance of predominantly urban consumption dependent sectors such as quick service restaurants (QSR) and retail. Passenger vehicle (PV) sales also have substantial dependence on urban spending, says India Ratings.
Dec 03, 2013 at 09:43 | Source: CNBC-TV18
Indias current account deficit for the quarter ended September shrank to USD 5.2 billion, or 1.2 percent of the GDP, compared to USD 21 billion (5 percent of GDP) during the same period last year.
Dec 02, 2013 at 13:34 | Source: Moneycontrol.com
Going forward, we expect GDP growth to pick up further to around 5 percent in Q4 2013 on a continued push from the bumper summer crop and strong exports.
Dec 02, 2013 at 10:01 | Source: CNBC-TV18
Speaking to CNBC-TV18, Eskensen says India is currently working with 80 percent of the full year deficit already. Hence, there is a serious need for the government to scale back its spending in the second half, he adds.
Dec 02, 2013 at 08:33 | Source: CNBC-TV18
India's Q2 gross domestic product (GDP) failed to provide any fireworks as the economy grew at 4.8 percent- slightly better than the 4.4 percent growth in the first quarter