Most economists believe actual growth should easily beat the target. The economy grew 6.8 percent in the third quarter of the year, and 6.9 percent in the first half.
Growth edged down to a still-robust 6.8 per cent compared with a year earlier in the three months ending in September, down marginally from the previous quarter's 6.9 per cent, government data showed Thursday.
Xi reiterated goal for achieving “moderately prosperous society” by 2020 along with an emphasis on structural reforms for almost every facet of the socio-economic set up. The implication here is for the “soft landing” of the Chinese economy along with reforms on both domestic and international fronts.
IBM has been focusing on cloud, cybersecurity and data analytics, or what the company calls its "strategic imperatives", to counter a slowdown in its legacy hardware and software businesses.
Prime Minister Narendra Modi's government has already used up nearly all of its budget for the current fiscal year and tax revenues are expected to fall far short of initial expectations. At the same time economic growth has slowed, sparking calls for more stimulus.
According to the global financial services major, global economic growth is expected to stay positive and accordingly exports are likely to remain supportive going ahead.
According to the Japanese financial services major, consumer firms are expected to report average net sales growth of 8.6 per cent year-on-year with EBITDA growth of 8.4 per cent in the second quarter of this fiscal. Growth in India's consumer sector particularly the household and personal care segment was held back in recent quarters largely due to macro issues.
While China produced forecast-beating growth of 6.9 percent in the first half, many economists and investors had expected its momentum would start to fade in the latter part of the year.
They analysts said the slippage will be on lower revenue collections through Excise duty cuts, lower telecom collections, lower RBI dividend transfer and also higher expenditure, where government has front-loaded spending and a possible stimulus to boost domestic demand.
The International Monetary Fund yesterday also lowered India's growth projection to 6.7 per cent in 2017, 0.5 percentage points less than its previous two forecasts and slower than China's 6.8 per cent.
Speaking at the India Energy Forum by CERAWeek, he said the country's expanding middle class represents a growing source of demand, not just for energy but for goods and services from around the world.
Kannanthanam further said since IoT industry is very nascent in India, it is essential to create an ecosystem by participation of academia, government and industry.
The worst nightmare of any central bank appears to be unfolding now. After the last policy, none of the data points seems to have lend incremental comfort.
"The methodology for calculation of the GDP was changed by the present government in 2015 as a result of which the growth rate recorded earlier increased statistically by over 200 basis points on an annual basis. So, according to the old method of calculation, the growth rate of 5.7 per cent is actually 3.7 per cent or less."
Kumar also admitted that there have been problems on account of demonetisation and Goods and Services Tax (GST) implementation but now people have adopted to the new tax regime.
India's refining capacity must increase to 465 million tonnes by 2040, from about 230 million tonnes currently, and investments are already being made, said Shrikant Madhav Vaidya, Indian Oil Corp's executive director of operations.
Nike is battling pressures on many fronts - in North America a reinvigorated Adidas has taken market share, while athleisure, a decade-long trend that saw shoppers wear sports apparel for formal and informal occasions, has been fading.
"India's GDP growth is downgraded to 7 per cent in financial year 2017-18, a 0.4 percentage point drop from the April forecast. In financial year 2018-19, the forecast is adjusted down to 7.4 per cent, from 7.6 per cent," ADB said in its Asian Development Outlook 2017 update.
Investors are looking for proof that Nestle, the world's largest packaged food company, can improve performance when the sector is battling a slew of upstart brands and changing consumer tastes and habits.
Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively, the Manila-based lender said.
China will focus on lowering leverage ratios among state-owned firms and winding down of "zombie firms" to reduce leverage ratios and control debt risks, the National Development and Reform Commission said in a statement on its website.
The public sector bank however did not give any indication as to whether it would be raised by diluting government equity or issuing Additional Tier-1 (AT1) bonds.
Going beyond thermal power, other areas for capitalising on emerging opportunities include defence and aerospace "to increase the share of business from non-coal areas", BHEL CMD Atul Sobti said at the 53rd Annual General Meeting here.
The world's biggest plane maker projected a demand for 4,210 new airplanes in the region over the next 20 years, adding it saw annual traffic growth in Southeast Asia at 6.2 percent.
Emphasising upon the importance of quality and standards of goods and services, Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said that to become part of the global value chain, quality should be the best in the world.