Tag: economic growth

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. […]

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 […]

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