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India’s economic growth hits its lowest rate in a decade

Recording an annual growth of 9% until two years ago, India’s economy grew at its slowest pace in a decade during the 2012-2013 financial year. Owed to its sluggish manufacturing and service sector, the Indian economy grew by 5% over

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David Cameron urges India to open up to British business

David Cameron has urged the Indian government to cut “regulation and red tape” in a bid to encourage more trade and investment involving UK businesses. The prime minister said India “can be a difficult country to do business in” but

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India to end euro payments for Iranian imports this week

The Economic Times-India will this week end an 18- month old arrangement of paying for Iranian crude oil imports through a Turkish bank as a new set of US sanctions against the Islamic nation comes into force from February 6.

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India finally lowers key interest rate

The Reserve Bank of India (RBI) has been pressured to lower key interest rate from 8% to 7.75%. The Bank was refusing to cut interest rate in order to make sure to keep inflation in check. Amid the slowing of

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India's economic growth rate slows to 5.3%

India’s growth slowed in the September quarter, putting more pressure on the government to implement more reforms and ease monetary policy. Data shows the economy grew by 5.3% from a year earlier, down from a rate of 5.5% in the

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India’s economic growth rate slows to 5.3%

India’s growth slowed in the September quarter, putting more pressure on the government to implement more reforms and ease monetary policy. Data shows the economy grew by 5.3% from a year earlier, down from a rate of 5.5% in the

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India Fails To Break Parliament Deadlock Over Supermarket Reform

India’s government failed on Monday to defuse a row with the opposition over opening up the supermarket sector to foreign chains, a decision that has thrown parliament into chaos and endangered fresh economic reforms. Opposition lawmakers have paralysed parliament, demanding

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JV Walmart-Bharti suspends India employees amid bribery allegations

Wal-Mart, which currently operates only wholesale stores in India via its joint venture with Bharti, has suspended the chief financial officer and member of the legal team alleged for bribery. The firm is probing into possible violations of a US

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India to invest in Bamyan

India’s ambassador to Afghanistan has announced his country’s willingness to invest in Bamyan. Gautam Mukho Padhya said during his visit to Bamyan with local officials that Bamyan is one f the secure places of Afghanistan offering more tourist attractions in

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India's Nationwide Strike Against Supermarket Reforms

Demonstrators in India have taken to the streets to protest against a major hike in diesel prices and the opening up of India’s retail sector to foreign supermarkets such as Wal-Mart and Tesco. The Confederation of All India Traders (CAIT)

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India’s Nationwide Strike Against Supermarket Reforms

Demonstrators in India have taken to the streets to protest against a major hike in diesel prices and the opening up of India’s retail sector to foreign supermarkets such as Wal-Mart and Tesco. The Confederation of All India Traders (CAIT)

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India’s Outlook Downgraded by Fitch

Ratings agency Fitch lowered India’s outlook, given the country’s deteriorated economic growth. The agency finds India’s economy facing “heightened risks” due to structural challenges in its investment climate in the form of corruption and inadequate economic reforms. The government has

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India's industrial output grows less than forecast

India’s industrial output rose by less than expected in April, adding to concerns about the health of the country’s economy. Output rose by 0.1% from a year earlier, much less than projected growth of 1.7%. It comes a day after

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India’s industrial output grows less than forecast

India’s industrial output rose by less than expected in April, adding to concerns about the health of the country’s economy. Output rose by 0.1% from a year earlier, much less than projected growth of 1.7%. It comes a day after

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India growth rate slows to 5.3% in first quarter

Indian economy grew at the slowest rate since 2003 in the first three months of 2012, due to a widening trade gap and poor investment. India’s gross domestic product (GDP) grew by 5.3% in the quarter compared with a year

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India factory output dips 3.5% as manufacturing shrinks

India’s industrial production fell unexpectedly in April, led by a drop in manufacturing, raising concerns about a slowdown in its economy. Factory output fell 3.5% in March from a year earlier, down from 4.1% annual growth in February. The data

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"The Elephant in the Region"

SOUTH ASIA is about the least integrated part of the world. Neighbours supply just 0.5% of India’s imports, and consume less than 4% of its exports. India and Pakistan, mutually antagonistic, account for a fifth of all living humans, yet

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“The Elephant in the Region”

SOUTH ASIA is about the least integrated part of the world. Neighbours supply just 0.5% of India’s imports, and consume less than 4% of its exports. India and Pakistan, mutually antagonistic, account for a fifth of all living humans, yet

Read More