Tag "India’s economy"
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India lowers economic growth forecast to 5%
India’s central bank has cut economic growth forecast to 5%, as the country is struggling with reviving its sluggish economy. This is the second cut in two weeks. Last week, the central bank had cut its forecast from 5.8% to
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India loses its tag as the second fastest-growing economy
The International Monetary Fund-IMF has forecasted the economic growth of India at 4.5% in 2012, much less than the big guns of ASEAN such as Indonesia and the Philippines and even Bangladesh. India, who has always been a tough competitor
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India’s manufacturing activity boosts in November
India’s industrial output rose 8.2% from a year earlier, while the analysts had predicted a rise of 4.5%. The jump in the figures is linked to the holiday season of Diwali, which is traditionally associated with a surge in consumer
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India’s surprising industrial output fall
India reported a 0.4% fall from a year earlier in its industrial output in September- a surprise to most analysts who had projected a rise of 2.8%. The weak data has once again raised calls for policymakers to boost stimulus
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India opens more sectors to foreign investment
In a bid to revive the economy, the Indian cabinet has approved 49% foreign direct investment in insurance companies and opened the pension sector for the first time ever to foreign investors. The citizens responded to the reforms with protests
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India Central Bank Cutting Cash Reserve Ratio to Boost Lending
In a bid to boost lending and revive domestic demand, the Reserve Bank of India (RBI) lowered the amount of money that banks need to keep in reserves, cutting the Cash Reserve Ratio (CRR) by 25 basis points to 4.5%.
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India’s government bites the bullet and opens up Indian retail to global markets
Held by the opposition team for months, the decision to open up India’s lucrative retail sector to international supermarket is reintroduced again. The move is made to revive India’s economic growth that has been lagging for quite some time now.
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Five things wrong with India’s economy
By: Alam Srinivas 1. Low Growth After several official predictions that India would grow by 7-8% in 2011-12, the finance minister finally admitted in his Budget 2012 speech that the growth would be 6.9%. The actual figure may be lower
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Five things wrong with India's economy
By: Alam Srinivas 1. Low Growth After several official predictions that India would grow by 7-8% in 2011-12, the finance minister finally admitted in his Budget 2012 speech that the growth would be 6.9%. The actual figure may be lower
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India’s economy grows at 5.5%, more than expected
India’s economy grew faster than expected in the April to June period. Most analysts had forecast a rate of 5.2%. The grow rate eases some fears about a sharp slowdown in Asia’s third-largest economy. The country’s economy however needs further
Read MoreIndia’s New Finance Minister to Clarify Tax System
Palaniappan Chidambaram, who recently took charge of India’s finance ministry amid the economic slowdown, has pledged to take steps to revive confidence in the Indian economy by clarifying tax laws and boosting investment. “Clarity in tax laws, a stable tax
Read MoreManmohan Singh: Time to Revive the once Rosy Economy of India
Indian PM Manmohan Singh called on his officials to decide on measures that would help revive India’s economic growth. India’s economic pace is at its lowest pace, expanding at an annual rate of 5.3% in the first quarter. Rupee has
Read MoreIndia's economy:The democracy bottleneck
BUSINESS leaders in India frequently suffer China envy. If only India’s political system was like China’s, they reason, the government could push through much needed reforms and the economy would take off (and stay airborne). Simplistic as that prescription is,
Read MoreIndia’s economy:The democracy bottleneck
BUSINESS leaders in India frequently suffer China envy. If only India’s political system was like China’s, they reason, the government could push through much needed reforms and the economy would take off (and stay airborne). Simplistic as that prescription is,
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