According to Jim Walker of Asianomics, the fact that capital expenditure is not the factor driving growth in the country is a warning sign.
C Rangarajan, chairman of PMEAC says 5.5% is a reasonable growth rate. According to him, the growth rate will pick up in the second half of the year. "Probably for another quarter, Q2, we should not expect a very sharp increase in the growth rate. But I do expect growth to pick-up in the Q3 and Q4," he asserts.
American companies have assured Reserve Bank Governor D Subbarao of their strong support to India's efforts to attract foreign capital for the country's infrastructure development through a sectoral debt fund and other initiatives.
India's economy grew at a higher-than-expected 5.5% in the quarter ending in June, against analysts' forecasts of 5.3%, government data showed on Friday.
India's economy grew at a higher-than-expected 5.5% in the quarter ending in June, against analysts' forecasts o f 5.3%, government data showed on Friday.
Gross Domestic Product (GDP) for the April-June quarter grew a better-than-expected 5.5%, after eight successive quarters of declining growth. A CNBC-TV18 poll had estimated that quarterly GDP would grow 5.3%. However, the slight improvement in the figured failed to enthuse the market.
The April-June quarter gross domestic product (GDP) will be announced today. In an interview to CNBC-TV18, Robert Prior-Wandesforde, Credit Suisse says his expectation is 5.8% largely on account of base effect. "It is very difficult to pinpoint this number. It could be in a range of 4.5% to 6.5%," he adds.
Water levels in India's main reservoirs were at 61% of capacity in the week to August 30, down 13 percentage points from a year ago, reflecting this year's weak monsoon, government data issued late on Thursday showed.
India's GDP growth likely languished around its lowest in three years in the quarter that ended in June, offering no respite for Prime Minister Manmohan Singh as he struggles to escape from a series of political scandals that have paralysed his economic agenda.
In a strong message to multi-system operators for hastening digitisation process, the government has revoked registration of two MSOs for failing to provide data related to steps taken for digital switchover. The move comes after the government has set October 31 as the dateline for all the four metros - Delhi, Mumbai, Kolkata and Chennai.
A Parliamentary committee has asked market regulator Sebi to conduct 'proper advance planning' before any new scheme, so that investors' money is not waste on programmes that are launched in haste and abandoned later.
The Union home ministry has approved fresh guidelines that will make telecom service providers accountable for any inaccurate information given by subscribers while giving pre-paid and post-paid connections.
Brokerage-house Morgan Stanley estimates that households are responding to an environment of high inflation and sluggish growth by loading up on fixed deposits and real estate instead of gold
Concerned over lack of sync between fiscal and monetary policies, a Parliamentary panel today asked the government to take urgent steps to supplement RBI's initiatives to contain inflation and trigger sustainable growth.
Reserve Bank India governor D Subbarao has appeared to have joined the debate on the recent controversial retrospective taxation provisions saying there is need to have a stable policy, taxation and investment regime to attract foreign capital.
RBI Governor D Subbarao has hit back at critics of his hawkish stance against rate cut saying a little sacrifice in growth is inevitable to tame inflation.
India has sharply revised its GDP data to show a much worse economic performance than originally thought in the aftermath of the global financial crisis, putting renewed scrutiny on the reliability of government data.
The central bank sends out a strong message to the parliamentary panel on finance. RBI has told the MPs that fuel subsidies phase out may trigger a 2.6% spike in inflation. The central bank also rejected the finance ministry's criticism over tight monetary policy, reports Siddharth Zarabi of CNBC-TV18.
Plan panel today said that it will be difficult to set 9% annual average economic growth target in the 12th Five Year Plan (2012-17) in view of the impact of uncertain global economic situation on India.
As India seeks to control high inflation, RBI Governor D Subbarao has said a little sacrifice in growth is "inevitable" amid efforts to bring down prices to acceptable levels.
The Food Ministry is looking to sell additional three million tonne wheat in the open market to bulk consumers such as flour millers, a move aimed at containing price rise and offloading surplus stocks.
The April-June quarter gross domestic product (GDP) number will be announced tomorrow. In an interview to CNBC-TV18, Leif Eskesen, HSBC and Aditi Nayar, ICRA speak about their estimates and give their outlook going forward.
With the advent of festival season India‘s largest lender â€“ SBI has embarked upon a special campaign to ramp up its home loan book. It is going to reduce the processing fee for home loans to Rs.1,000 per loan irrespective of the size. The offer would be made available from September 01 onwards, a senior bank official told moneycontrol.com.
After allowing Pakistani businessmen to invest in India, the government will soon permit domestic entrepreneurs to explore business opportunities in the neighbouring country.
Economic growth during the April-June quarter is expected at 5.2% and the economy will continue to perform below potential for the entire year, research firm Moody's said today.