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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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Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Fri, Jan 06, 2017

The Indian government said economic growth would slow down to 7.1 % in the fiscal year ending in March from 7.6 % a year earlier.

GDP growth revised lower but doesn't factor in demonetisation

GDP growth revised lower but doesn't factor in demonetisation

Fri, Jan 06, 2017

The growth in GDP during 2016-17 is estimated at 7.1% as compared to the growth rate of 7.6% in 2015-16, Ministry of Statistics & Programme Implementation said.

India appears to be much better placed today despite fragile world economy: Arun Jaitley

India appears to be much better placed today despite fragile world economy: Arun Jaitley

Thu, Jan 05, 2017

Finance Minister Arun Jaitley on Thursday said that even though the global economy is weak, India appears to be much better placed at present on the back of improvement in its macro-economic fundamentals.

Govt likely to meet fiscal deficit target of 3.5% of GDP in FY17: DBS

Govt likely to meet fiscal deficit target of 3.5% of GDP in FY17: DBS

Wed, Jan 04, 2017

Government is expected to meet the fiscal deficit target of 3.5% of GDP in the current financial year, despite recent demonetisation move and potential delay in roll out of the Goods and Services Tax (GST), says a report.

India's economy trumped Britain in 2016

India's economy trumped Britain in 2016

Mon, Jan 02, 2017

It is no mean achievement when Indian economy flexed its muscles in 2016 and briefly nosed ahead of Britain -- its once colonial master.

China central bank adviser calls for flexible 2017 growth target

China central bank adviser calls for flexible 2017 growth target

Sun, Jan 01, 2017

The Chinese government should set a more flexible target for economic growth this year to give more space for reform efforts, a central bank adviser told the official Xinhua news agency in comments published on Sunday.

Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30

Indians line up at banks to deposit savings or see them disappear on last day of exchange on December 30

Sat, Dec 31, 2016

Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.

South Korea slashes 2017 GDP forecast, makes plans to shore up consumption

South Korea slashes 2017 GDP forecast, makes plans to shore up consumption

Thu, Dec 29, 2016

South Korea lowered its growth outlook for next year as it sees weaker domestic demand and waning job growth holding back recovery in Asia`s fourth-largest economy.

China's November industry profits grow well, but chance to sustain gains clouded

China's November industry profits grow well, but chance to sustain gains clouded

Tue, Dec 27, 2016

China`s industrial sector showed the strongest profit growth in three months in November, suggesting the world`s second-largest economy was improving, though policymakers noted gains were too dependent on rebounding prices for oil products, iron and steel.

India Inc nets Rs 6.3 lakh crore from markets, bets big on bonds

India Inc nets Rs 6.3 lakh crore from markets, bets big on bonds

Sun, Dec 25, 2016

Betting big on capital markets for raising funds, Indian companies have garnered an estimated Rs 6.3 lakh crore from the marketplace in 2016, with debt instruments being the most favoured route to raise money for their business needs amid volatile trends in equities.

Fitch downgrades Belgian debt rating; 'stable' outlook

Fitch downgrades Belgian debt rating; 'stable' outlook

Sat, Dec 24, 2016

The ratings agency Fitch on Friday downgraded Belgium`s long-term debt rating one notch to AA-, citing growing levels of sovereign debt, but said the European nation`s outlook was stable.

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Wed, Dec 21, 2016

"Achieving the inflation target ... remains the primary objective," RBI Governor Urjit Patel said in the minutes.

China's November home prices show govt curbs starting to cool sharp rally

China's November home prices show govt curbs starting to cool sharp rally

Mon, Dec 19, 2016

China`s home prices slowed further last month as a raft of curbs cooled a furious price rally, but a supply shortage in parts of the nation and sizable inventories elsewhere underscored the challenges facing policymakers as they try to stabilise a polarised market.

Australia's budget drips with red ink, top credit rating at risk

Australia's budget drips with red ink, top credit rating at risk

Mon, Dec 19, 2016

Australia`s conservative government on Monday forecast a Australian dollar 10 billion deterioration in its budget deficit over the next four years but still hoped to snatch a surplus by 2021 and forestall a damaging downgrade of its top credit rating.

China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers

China's economy will grow around 6.5% in 2017; yuan to continue falling: CASS Researchers

Mon, Dec 19, 2016

China`s economy will grow around 6.5% in 2017, while the yuan will continue to fall, government researchers said in Beijing on Monday.

India's demonetisation drive drags down Nepal's economy

India's demonetisation drive drags down Nepal's economy

Thu, Dec 15, 2016

India`s scrapping of high-value bank notes last month has dragged down economic growth in neighbouring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.

US Fed set to hike rates, policy outlook now hinges on Trump presidency

US Fed set to hike rates, policy outlook now hinges on Trump presidency

Wed, Dec 14, 2016

Trump has not yet taken office, and any proposals would have to clear a Republican-controlled Congress that may be stricter about increasing public debt than Trump. In recent public appearances some Fed officials have said they see a chance Trump`s policies may force them to speed the pace of rate increases, yet also said they are hesitant to change their outlook before he shares more details.

Headed Home: Workers abandon building sites after cash crackdown

Headed Home: Workers abandon building sites after cash crackdown

Mon, Dec 12, 2016

Hundreds of thousands of construction workers have returned home since Prime Minister Narendra Modi abolished high-denomination banknotes, leaving some building sites across the country facing costly delays.

GST Council meeting commences in the shadow of demonetisation

GST Council meeting commences in the shadow of demonetisation

Sun, Dec 11, 2016

The sixth meeting of the Goods and Services Tax (GST) Council commenced in New Delhi on Sunday in the shadow of demonetisation, whose fallout has put a serious question mark on implementing GST by the central government`s targeted deadline of April 1, next year.

Australia's economy slows 0.5% in September quarter as government spending falls

Australia's economy slows 0.5% in September quarter as government spending falls

Wed, Dec 07, 2016

Australia`s economy contracted for just the fourth quarter in 25 years, official data showed on Wednesday, slowing the annual growth rate to 1.8% amid weaker government and consumer spending on top of softer trade figures.

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