Tag archive for ‘growth’
By Loknath Das On Monday, October 16th, 2017

Slowdown in economy bottomed out, 7% GDP growth likely this fiscal: Niti Aayog

Niti Aayog vice chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9-7% this fiscal and 7.5% in 2018-19. The economic growth slowed to More...

By Loknath Das On Saturday, October 7th, 2017

RBI lowers growth forecast to 6.7%, holds repo rate citing risk to inflation

Home and auto loan rates are unlikely to change, after the Reserve Bank of India (RBI) left its key policy rate unchanged on Wednesday, citing higher risks to inflation. The central bank slashed its growth forecast More...

By Loknath Das On Saturday, October 7th, 2017

SBI’s New Chief Puts Bad Debt Under Microscope, But Also Eyes Growth

Mumbai: Tackling bad debts will be the priority for State Bank of India, its newly appointed chairman Rajnish Kumar said on Thursday, but India’s largest bank will not shy away from opportunities to grow, More...

By Loknath Das On Friday, October 6th, 2017

RBI To Keep Rates On Hold In October, Cut Growth Forecast: Poll

Bengaluru: The Reserve Bank of India will hold policy steady at its October 4 meeting, and well past next year, amid weak economic growth and signs inflation may soon overshoot its target, a Reuters poll found. Asia’s More...

By Loknath Das On Saturday, September 23rd, 2017

Moody’s Downgrades UK Rating On Brexit, Economic Growth Fears

London: Ratings agency Moody’s downgraded Britain’s credit rating on Friday, saying the government’s plans to bring down its heavy debt load had been knocked off course and Brexit would weigh More...

By Loknath Das On Thursday, August 31st, 2017

India’s Economic Activity Growth Improves To Best Level In 9 Months: Jefferies

New Delhi: Indian economic activity rebounded in July after implementation of the pan-India Goods and Services Tax (GST), following a moderation in growth in the previous month, American investment banker Jefferies More...

By Loknath Das On Friday, August 18th, 2017

Export Growth At 8-month Low In July; Trade Deficit Widens

New Delhi: India’s export growth slowed to eight-month low of 3.94 per cent in July, while the trade deficit widened to $11.44 billion on account of high gold imports, official data released on Monday showed. The More...

By Loknath Das On Tuesday, August 1st, 2017

ICICI Bank’s Shares Down 3% As Bad Loans Rise, Weak Q1 Profit Growth

New Delhi: ICICI Bank shares today declined by 3 per cent after the private bank reported a marginal rise of 3.5 per cent in consolidated net profit for the first quarter of current fiscal on asset quality woes. After More...

By Loknath Das On Tuesday, July 11th, 2017

India Surpasses China To Become New Global Economic Growth Pole: Harvard Study

New Delhi: India has emerged as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decade, says a new study by Harvard University. According to the Harvard More...

By Loknath Das On Wednesday, July 5th, 2017

Manufacturing Growth Cools In June On Weak Demand

Activity in India’s manufacturing sector eased to a four-month low in June amid a slowdown in output and new orders as softer domestic consumption partly offset strong foreign demand, a private business survey More...