Recent Modi government reforms will bolster economic growth: Kumar Mangalam Birla
NEW DELHI: As the Indian economy entered into positive territory, Aditya Birla Group Chairman Kumar Mangalam Birla on Saturday said the Narendra Modi government has taken bold steps that will drive investment boom and help the country achieve GDP growth of 7-8 per cent. “I’d say in fact that the plumbing has already been done. […]
Economic growth in FY21 may be negative: Nirmala Sitharaman
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Tuesday said that India’s economic growth in the current financial year may be in the negative zone or near zero amid the ongoing coronavirus pandemic. Speaking at the India Energy Forum of CERAWeek, Sitharaman, however, noted that signs of revival are visible now and India would be […]
India will definitely get its economic growth back
NEW DELHI: Prime Minister Narendra Modi on Tuesday said India will definitely get its economic growth back as the government continues to pursue various reforms. Speaking at industry association CII’s annual session, he said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy “On the […]
India unveils merger of 10 government banks to revive economic growth from 5 year low
NEW DELHI: The government of India on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a five-year low. Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures […]
India’s economic growth held back due to demonetisation, GST: Raghuram Rajan
By Lalit K Jha WASHINGTON: Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs. Addressing an audience at the […]
India’s economic growth to slow to 7.3 per cent in 2019: Moody’s
NEW DELHI: Indian economy will expand 7.4 per cent in 2018, but the growth will slow down to 7.3 per cent in the next year as domestic demand tapers on higher borrowing cost due to rising interest rates, Moody’s Investors Service said on Thursday. In its report titled Global Macro Outlook 2019-20′, Moody’s said the […]