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Healthcare expenditure in India less than 2 per cent of GDP, says Ex-RBI Governor C Rangarajan

Healthcare expenditure in India less than 2 per cent of GDP, says Ex-RBI Governor C Rangarajan

Fri, Nov 15, 2024

India's healthcare expenditure is currently less than 2 per cent of its GDP, and the government must urgently increase it, former Reserve Bank governor C Rangarajan said on Friday.

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Tue, Oct 22, 2024

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday.

India's logistics cost will come down to 9% of GDP in next two years: Nitin Gadkari

India's logistics cost will come down to 9% of GDP in next two years: Nitin Gadkari

Thu, Oct 17, 2024

Union Road Transport and Highways Minister Nitin Gadkari on Thursday said India's logistics cost will come down to 9 per cent of GDP within the next two years as the ministry is constructing several highways and expressways.

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Jaitley makes an effort to please all through his budget

Jaitley makes an effort to please all through his budget

Thu, Feb 01, 2018

Finance Minister Arun Jaitley today presented the Budget for 2018-19 with several important announcements. Jaitley spoke of massive spending on rural infrastructure, to win over voters in the countryside where two-thirds of India`s people.

1 or 2 states may roll out universal income in two years: CEA

1 or 2 states may roll out universal income in two years: CEA

Mon, Jan 29, 2018

Chief Economic Advisor (CEA) Arvind Subramanian today expressed hope that at least one or two states will implement the idea of universal basic income (UBI) in the next two years.

Sensex, Nifty end at record high as Economic Survey projects higher GDP in FY19

Sensex, Nifty end at record high as Economic Survey projects higher GDP in FY19

Mon, Jan 29, 2018

The S&P BSE Midcap and the S&P BSE Smallcap underperformed and shed up to 1 per cent.

Priority to social infrastructure like education, health: Economic Survey.

Priority to social infrastructure like education, health: Economic Survey.

Mon, Jan 29, 2018

As the way forward, the Economic Survey 2017-18 recommends that though macro-economic growth and efficient markets are essential, it is necessary to equally ensure that the benefits of growth are equitably accessible to all citizens to make growth broad-based.

Economic Survey: India to clock 6.75% GDP in FY18

Economic Survey: India to clock 6.75% GDP in FY18

Mon, Jan 29, 2018

Here are key takeaways from the economic survey of the year gone by.

Modi stoutly defends his economic policy, says note ban a huge success

Modi stoutly defends his economic policy, says note ban a huge success

Mon, Jan 22, 2018

Modi said his government was taking decisions to fulfil the needs and aspirations of the common man.

India's fiscal deficit may widen to 3.5% in FY19: Report

India's fiscal deficit may widen to 3.5% in FY19: Report

Sun, Jan 21, 2018

The mix will still be favourable and hence we don't expect macro stability risks to arise, the report said

Gender parity can boost India's GDP by 27%: WEF co-chairs

Gender parity can boost India's GDP by 27%: WEF co-chairs

Sun, Jan 21, 2018

Women would account for 21% of the overall participation at the meeting to be attended by over 3,000 world leaders

India to become fastest growing large economy in 2018: Report

India to become fastest growing large economy in 2018: Report

Sun, Jan 21, 2018

The report says when the rest of the world offers low growth and insufficient structural change, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth

This budget will be Modi government's biggest challenge in 4 years

This budget will be Modi government's biggest challenge in 4 years

Tue, Jan 16, 2018

The tinkering of indirect taxes, which was an aspect of the budget that affected everyone in all corners of the country, is not within the Centre`s domain anymore.

Realty sector seeks infra status, tax rationalisation in upcoming Budget

Realty sector seeks infra status, tax rationalisation in upcoming Budget

Mon, Jan 15, 2018

Extending infra status to the sector will help developers raise funds at lower rates and, in turn, reduce their project costs

Markets see new highs; telecom stocks fall

Markets see new highs; telecom stocks fall

Mon, Jan 08, 2018

Investor sentiment remained upbeat on sustained capital inflows and widespread buying by retail investors

Nifty seen at 11,600 by Dec 2018: Kotak Securites

Nifty seen at 11,600 by Dec 2018: Kotak Securites

Wed, Dec 27, 2017

GDP growth is likely to recover as negative effects of demonetisation and GST is expected to recede

Wall Street higher as investors assess tax bill gains

Wall Street higher as investors assess tax bill gains

Fri, Dec 22, 2017

Wall Street`s main indexes rose on Thursday as investors were hopeful that lower corporate tax rates would allow companies to spend additional capital on dividends, new projects and wages, which could give a boost to the overall economy.

Government to give incentives to boost electric vehicles

Government to give incentives to boost electric vehicles

Tue, Dec 19, 2017

The government would support manufacturing and selling of electric vehicles (EVs) by giving incentives such as lower road taxes so that the automobile sector continues to play a major role in India's GDP and job creation, Niti Aayog CEO Amitabh Kant said today.

India can grow at 8% for next 20 years: UN expert

India can grow at 8% for next 20 years: UN expert

Mon, Dec 18, 2017

India can achieve an eight per cent growth rate for the next two decades by promoting investment and improving the living conditions of its people, a senior UN economic official has said.

Federal Reserve does not buy Trump tax-plan hype, sees short-lived economic boost

Federal Reserve does not buy Trump tax-plan hype, sees short-lived economic boost

Thu, Dec 14, 2017

As the U.S. Congress moved closer to a tax overhaul plan Wednesday that has President Donald Trump "thrilled", outgoing Federal Reserve Chair Janet Yellen gave a more sobering assessment: a short-term bump is likely, but a longer-term boost is not.

India's current account deficit more than doubles in Q2 FY18

India's current account deficit more than doubles in Q2 FY18

Wed, Dec 13, 2017

RBI said that India's CAD rose to $7.2 billion (1.2%) in the second quarter of 2017-18 as against $3.4 billion, or 0.6% of the GDP in thte same quarter of last year. The data further revealed that CAD narrowed sharply from $15 billion in the first quarter of the current fiscal year (2.5% of the GDP).

Higher fiscal deficit due to Budget being advanced, was expected: Chief Statistician

Higher fiscal deficit due to Budget being advanced, was expected: Chief Statistician

Tue, Dec 12, 2017

Chief Statistician TCA Anant said it was a conscious policy reform and the surprise about its impact on fiscal deficit was "befuddling" because the move had led to expenditure profile shifting towards the beginning of the year with revenue profile remaining the same.

India's GDP growth to rise to 7.5% in 2018: Morgan Stanley

India's GDP growth to rise to 7.5% in 2018: Morgan Stanley

Fri, Dec 08, 2017

The global brokerage is confident about prospects for a recovery in private capital spending as demand conditions are improving post demonetisation and GST implementation.

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