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Economy

Indian govt to inject $14 bn into 20 public sector banks by March-end

Economy

24 January, 2018

Indian govt to inject $14 bn into 20 public sector banks by March-end

India on Wednesday unveiled details of a recapitalisation plan, pledging to inject nearly $14 billion into twenty lenders this fiscal ......

World Bank projects India 2018 GDP growth at 7.3%

Economy

10 January, 2018

World Bank projects India 2018 GDP growth at 7.3%

The global economy is set to expand by 3.1 percent in 2018, slightly up from 3 percent last year and ......

India services activity recovers to grow in December

Economy

04 January, 2018

India services activity recovers to grow in December

Activity in India’s services industry bounced back to modest growth in December after contracting in the previous month, a private ......

Govt may breach fiscal deficit target after extra borrowing

Economy

27 December, 2017

Govt may breach fiscal deficit target after extra borrowing

India will borrow an additional 500 billion rupees ($7.79 billion) this fiscal year ending March, the government said on Wednesday, ......

Flashback 2017: Indian economy grapples with GST, sluggish investments

Economy

18 December, 2017

Flashback 2017: Indian economy grapples with GST, sluggish investments

The Indian economy had to weather the impact of a double whammy of sorts in 2017. Even as it tried ......

ADB trims India's growth forecast for 2017

Economy

13 December, 2017

ADB trims India's growth forecast for 2017

The Asian Development Bank on Wednesday raised its economic growth estimate for developing Asia to 6 percent for this year ......

Retail inflation quickens to 15-month high; factory output growth slows

Economy

12 December, 2017

Retail inflation quickens to 15-month high; factory output growth slows

India’s retail inflation in November breached the Reserve Bank of India’s medium-term target of 4 percent, which could put pressure ......

RBI keeps repo rate steady, maintains neutral stance

Economy

06 December, 2017

RBI keeps repo rate steady, maintains neutral stance

The Reserve Bank of India kept its policy rate unchanged on Wednesday, as widely expected, after inflation accelerated to a ......

India services output shrinks in November as GST hurts

Economy

05 December, 2017

India services output shrinks in November as GST hurts

Activity in India’s dominant services industry shrank in November as rising prices, driven up in part by the new national ......

India's economic growth recovers to 6.3% in July-Sept

Economy

30 November, 2017

India's economic growth recovers to 6.3% in July-Sept

India's economic growth rebounded in the three months ending in September, halting a five-quarter slide as businesses started to overcome ......