The government is mulling on measures to strengthen bank balance sheets by recapitalizing public sector undertaking banks and plans to loosen its fiscal deficit target to enable it to spend up to USD 7.7 billion more to halt an economic slowdown.
It took nearly two years for the Indian rupee to finally break the psychological 64 level. The rupee has been one of the strongest currencies in the world in 2017.
it is expected that by 2022 renewable electricity would comprise more than 15 per cent of electricity generated in the country.
Said she hoped the prime minister will raise the issue with Trump during his current visit.
Jaitley said that implementation of the GST will add to the economic growth of the country and reiterated that the GST Council would stick to the rollout date of July 1
The Monsoon is considered normal if rains are between 96-104 percent of the 50-year average rainfall of 89 cms
Productive growth phase is characterised as a period of improving growth while macro stability remains in check and typically sets the stage for a sustained growth cycle.
According to the Japanese financial services major, the country is going to see gradual recovery from demonetisation, led by exports and a remonetisation-led pick-up in urban consumption and transportation services.
In a presentation made at its Governing Council meeting -- chaired by Prime Minister Narendra Modi and attended by 28 state chief ministers -- here today, the government think-tank projected the size of the Indian economy.
The memorandum of understandings (MoUs) will allow the universities and International Enterprise (IE) Singapore, a business promotion agency, to tap into CII's network of over 8,000 members to create overseas attachment opportunities for enrolled students.
According to the Japanese financial services major Nomura, the country's GDP growth is expected to dip to 6.7 per cent in the January- March quarter from 7 per cent in the fourth quarter of 2016.
Overall deal activity in the January-March quarter witnessed an unprecedented three-fold year-on-year rise in value terms, driven solely by the Vodafone-Idea mega merger, which accounted for 80 per cent of the total values.
Revenue Secretary Hasmukh Adhia made a detailed presentation to the Council -- the supreme executive organ headed by Prime Minister Narendra Modi -- on how the Goods and Services Tax (GST) will be implemented and the challenges before it is rolled out.
The Chairman of the Godrej Group termed as "ridiculous" suggestions in some industry and business quarters that the GST roll out be pushed to October one from July one.
The president of Confederation of Indian Industry (CII) Naushad Forbes today said the strength of Indian economy rests in its diversity.
Finance Minister Arun Jaitley also said India would require USD 646 billion in next five years for modernising its infrastructure - from highways to urban infrastructure.
Annual gross domestic product (GDP) growth for the October-December period came in at 7.0 percent, a tad slower than 7.4 percent in the previous quarter but much faster than the 6.4 percent expansion forecast by economists in a Reuters poll.
The industry is still sensing a hint of uncertainty on the economic growth front even though the industrial output rose 2.7 per cent in January and urged the government to pursue reforms to stimulate investments.
The US-based agency, however, termed the 7 percent GDP growth for the October-December quarter as "surprising", a tad lower than 7.4 percent in the previous quarter.
Pursuing both political and economic development at the same time is a big challenge for the country, Chief Economic Adviser to the India government Arvind Subramanian said today.
India's economy will continue its momentum despite demonetisation and achieve an eight per cent growth next year, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has said.
Ajay Srivastava of Dimensions expects major consolidation in the non-banking financial companies (NBFC) space in the medium-term. Smaller NBFCs in the industry can gain on these potential M&A opportunities, he added.
From just Rs 4,000 crore per month, Sunil Singhania, CIO-Equity, Investment at Reliance Mutual Fund expects systematic investment plans to exceed USD 1-billion a month within the next year or two.
India's USD 2.2 trillion economy makes it the seventh largest in the world in terms of nominal GDP (and the third largest in PPP terms), but the country's per capita income is less significant.