With July factory output data showing significant uptick year-on-year, the Finance Ministry Friday said the manufacturing sector is slowly emerging as a leader of the industrial growth and the economy is improving steadily.
China Wednesday announced proactive fiscal policies aimed at stabilising growth in the world's second largest economy as it grappled with industrial overcapacity, sluggish demand, struggling exports and a volatile stock market.
Prime Minister Narendra Modi on Tuesday chaired a high level meeting on global economic scenario with about 40 captains of industry and leading economists at his Race Course Road residence.
The high-level consultative meeting on the agenda -- 'Recent Global Events: Opportunities for India', would also be attended by RBI Governor Raghuram Rajan and Niti Aayog Vice-Chairman Arvind Panagariya.
Prime Minister Narendra Modi will today meet business leaders including Reliance Industries head Mukesh Ambani, Tata Group Chairman Cyrus Mistry as well as bankers and economists to discuss global economic scenario.
As economic crisis in the developed economies continues, the best that is on offer is a slow recovery; the high growth rates of 1992-2007 are not likely to return anytime soon, says a new book.
The US economic activities continued to expand across most surveyed regions and sectors during the period from July to mid-August, according to a survey by the Federal Reserve.
Developers will not reduce price to boost sales, rather will continue with their strategy to reduce apartment size and offer freebies, Moody's Investors Service said.
With economic growth slowing to 7 percent in the April-June quarter, India Inc said on Monday the subdued performance indicates that the cost of capital needs to come down, demanding a rate cut by RBI.
Reflecting a muted performance, the GDP growth slowed to 7 percent in the April-June quarter, from 7.5 percent in the previous quarter, amid deceleration in farm, services and manufacturing sectors.
India`s economic growth slowed to a lower-than-expected 7 percent in the three months through June from 7.5 percent in the previous quarter, government data showed on Monday.
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