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Economy

World Bank slashes India's growth forecast to 6% for this fiscal year

Economy

14 October, 2019

World Bank slashes India's growth forecast to 6% for this fiscal year

The World Bank on Sunday slashed its growth forecast for India’s current fiscal year to 6%, down from 7.5%, warning ......

Moody's cuts growth forecast for India to 5.8% this fiscal year

Economy

10 October, 2019

Moody's cuts growth forecast for India to 5.8% this fiscal year

Moody’s Investors Service on Thursday cut its growth forecast for India for the fiscal year that began in April to ......

IMF chief warns of ‘synchronized slowdown' in global growth

Economy

09 October, 2019

IMF chief warns of ‘synchronized slowdown' in global growth

The global economy is experiencing a “synchronized slowdown,” the new head of the International Monetary Fund said on Tuesday, warning ......

RBI cuts rates for fifth time in a row, slashes growth forecast

Economy

04 October, 2019

RBI cuts rates for fifth time in a row, slashes growth forecast

The Reserve Bank of India on Friday cut the key policy rate to its lowest levels in nearly a decade, ......

India's services sector contracts in September on weak demand

Economy

04 October, 2019

India's services sector contracts in September on weak demand

India’s dominant services sector slipped into contraction in September as new business orders fell for the first time since early ......

RBI to pick up slack as India stimulus measures to fall short: Poll

Economy

01 October, 2019

RBI to pick up slack as India stimulus measures to fall short: Poll

Recent stimulus measures announced by the Indian government will be insufficient to boost economic growth significantly, said a majority of ......

India to borrow gross $38 bn during October-March

Economy

01 October, 2019

India to borrow gross $38 bn during October-March

India will borrow gross 2.68 trillion rupees ($37.82 billion) from the market between October and March through dated securities, Economic ......

Heaviest rains in 25 years to help revive tepid rural demand

Economy

01 October, 2019

Heaviest rains in 25 years to help revive tepid rural demand

Monsoon rains in India were 10% above average in 2019 and the highest in 25 years as seasonal rainfall continued ......

Current account deficit narrows in June quarter

Economy

01 October, 2019

Current account deficit narrows in June quarter

India’s current account deficit (CAD) narrowed to 2% of gross domestic product in the June quarter of the fiscal year ......

Govt may seek $4.3 bn interim dividend from RBI to bridge fiscal gap

Economy

30 September, 2019

Govt may seek $4.3 bn interim dividend from RBI to bridge fiscal gap

The Indian government may request an interim dividend of around 300 billion rupees ($4.3 billion) from the Reserve bank of ......