India's growth story News

It termed the slowing down of the industrial output in May to 3.2% and the inching up of the retail inflation in June to 5% as short-term challenges.

The Advantage Assam: Global Investors Summit 2018 aims at highlighting Assam's geostrategic advantages and core competencies in different sectors along with the policy initiatives taken by the state government.

According to global brokerage Morgan Stanley, India's digitisation drive would provide a boost of 50-75 basis points to GDP growth in the coming decade.

The report said while supply side has undergone a structural change, reform momentum is well above its historic past and more aggressive than emerging as well as global peers.

Prime Minister Narendra Modi on Friday invited global businesses to invest in sectors like manufacturing, healthcare, defence and services, saying India was never a better investment destination than it is now.

World Bank expects India, the fastest growing major economy in the world, to grow at 7.2 per cent in the current fiscal and further up to 7.7 per cent by 2019-20 on strong fundamentals, reform momentum and improving investment scenario.

Use of technology, transparent processes and ease of doing business will help India pull off 8 percent growth over the next couple of decades, the government Thursday said.

In his meeting with a group of US investors, Jaitley, who concluded his nine-day US tour Wednesday, alluded to the extensive reforms that have been launched by the government in the last one year.

Seeking to attract more investments, India on Thursday impressed upon investors about the country's high-growth potential at World Economic Forum (WEF) summit.

The brokerage said it met nearly 60 global investors over the past two weeks, and all are overweight on the country.