Diabytes
India's growth rate News
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Gross domestic product grew 6.3 percent in July-September, its fastest pace in three quarters, the data showed.
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India's economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank said in its South Asia Economic Focus, a biannual economic update.
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The Economic Survey had projected a growth of 6.75 percent to 7.5 percent for 2017-18.
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India Inc on Thursday expressed disappointment over the country's economic growth, which slipped to a three-year low of 5.7 percent in April-June.
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India's GDP growth slipped to 13-quarter low of 5.7 percent year-on-year during the April-June quarter as compared to 6.1 percent in January-March, government data showed on Thursday.
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Kant lamented that ambition and hunger in private sector to capture global market just does not exist in India.
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The Goods and Services Tax, to be rolled out next month as the biggest tax reform since independence, will help India achieve 9 percent growth rate, NITI Aayog CEO Amitabh Kant said on Tuesday.
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India's GDP growth is expected to recover from 7.1 percent in 2016-17 to 7.2 percent this fiscal and further to 7.7 percent in 2018-19 largely driven by the government's reform push and recovery in private investments, says a report.
India's manufacturing sector needs to grow at 12-14 percent for the country's overall growth rate to touch 8 percent, NITI Aayog member V K Saraswat said on Thursday.
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The Asian Development Bank (ADB) on Thursday said that India's growth rate will improve to 7.4 percent during 2017-18 and go up further to 7.6 percent in the next fiscal, remaining ahead of China.
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The International Monetary Fund (IMF) on Monday cuts India's growth rate to 6.6 percent from 7.6 percent due to impact of demonetisation taken by the Modi government in November.
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President Pranab Mukherjee on Friday said India is on the cusp of a leap towards a higher economic growth trajectory.
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Republican presidential nominee Donald Trump said America's job reports is "anemic"and "terrible" and the country is losing its businesses.
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India with a low leverage score looks promising among emerging Asian countries, which can deliver a solid growth rate and where the potential for a significant expansion is maximum, says an HSBC report.
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In its latest Global Economic Prospect report - which is released every six months -- the World Bank marginally reduced India's growth rate -- 0.2 percent in 2015 and 0.1 percent in both 2016 and 2017.
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The size of the Indian economy will more than double to USD 5 trillion if 7 percent growth rate is sustained for next 10 years, Minister of State for Finance Jayant Sinha said Saturday.
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Finance Minister Arun Jaitley on Friday said 7 percent growth rate recorded in the first quarter of current fiscal "is not just enough", though many thought it was a fair growth rate.
A slowdown in exports is likely to bring down India's growth rate by 0.40 percentage point in 2015, a report by global brokerage firm HSBC has said.
India can become USD 5 trillion economy in the next 10 years if it grows at an average 7-8 percent, Minister of State for Finance Jayant Sinha said Tuesday.
The economy is to expand by 5.4 percent this fiscal, OECD said adding India was recovering faster than other economies which faced slowing growth.
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