Growth of Indian economy News

On May 2, Prime Minister Narendra Modi, however, underlined the need for new structural reforms and expedite work on infrastructure projects to revive the economy reeling under the impact of lockdown. 

The Prime Minister is understood to have discussed that a scheme should be developed to promote more plug and play infrastructure in the existing industrial lands/plots/estates in the country and provide necessary financing support. 

Chidambaram has accused the Centre of being the real `Tukde Tukde` gang while adding that the country has slipped 10 places in the global democracy index owing to `debilitation` of democratic institutions.

India`s overall exports -- merchandise and services combined -- in April-October of 2019-20 financial year are estimated to be USD 310.23 billion, exhibiting a positive growth of 1.51 per cent over the last corresponding period, said the Ministry of Commerce and Industry in a statement on Friday. 

The action agenda will replace the five-year planning system

The Indian economy is expected to grow at 7.2 per cent in 2016-17, a tad lower than Central Statistics Office's advance estimates of 7.6 per cent in the current fiscal due to weak investments and external headwinds, says BMI Research.

Terming the projected 7.6 percent growth for the current fiscal as "very, very significant", Economic Affairs Secretary Shaktikanta Das today expressed the government's commitment to work towards boosting economic growth.

Starting January, employers are set to pick up pace in hiring with consumer-focused industries led by e-commerce companies leading the hiring march.