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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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10 key things S&P said about Indian economy

10 key things S&P said about Indian economy

Wed, Nov 02, 2016

S&P Global Ratings on Wednesday has retained India's ratings at 'BBB-' with a stable outlook and ruled out any upgrade in two years citing weak pubic finances.

S&P retains India's rating at 'BBB-', rules out upgrade for 2 years

S&P retains India's rating at 'BBB-', rules out upgrade for 2 years

Wed, Nov 02, 2016

Dashing the government's hope of improved credit rating, S&P on Wednesday retained India's rating at 'BBB-' with a stable outlook and ruled out any upgrade in two years, citing weak public finances.

India's commercial vehicle sales likely to grow at low double-digit in FY17: Moody's

India's commercial vehicle sales likely to grow at low double-digit in FY17: Moody's

Tue, Nov 01, 2016

Sales of commercial vehicle (CV) in India is likely to grow at a low double-digit pace in the current fiscal, Moody's Investors Service said in its latest report.

Fiscal deficit in first half of FY17 hits nearly 84% of budget estimate

Fiscal deficit in first half of FY17 hits nearly 84% of budget estimate

Tue, Nov 01, 2016

Fiscal deficit in the first half of the current fiscal stood at Rs 4.47 lakh crore, or 83.9% of the budget estimate (BE) for the whole year. The fiscal situation in April-September deteriorated over the year ago as the deficit then stood at 68.1% of the budget estimate of 2015-16.

Top nine stocks you should buy this Diwali

Top nine stocks you should buy this Diwali

Sun, Oct 30, 2016

As India's biggest festival Diwali begins on Sunday, here are stocks that you could buy this festive season. According to BP Wealth's latest research report, here's the list of top nine stocks: 1. EID-Parry (India)

Indian economy to grow 8%, agriculture 4% in FY17: Meghwal

Indian economy to grow 8%, agriculture 4% in FY17: Meghwal

Mon, Oct 24, 2016

India's economy will grow 8% this fiscal while agricultural growth is expected to be over 4%, Union Minister Arjun Ram Meghwal said on Sunday.

India’s fast growing GDP needs corporate sector sales to grow by 10%

India’s fast growing GDP needs corporate sector sales to grow by 10%

Thu, Oct 20, 2016

An increase in corporate sector sales could possibly be the boost India needs to achieve a faster growth rate or stay on track with its GDP performance, Care Ratings analysts said in a report dated October 20.

Oil rises on reported US crude inventory draw, expected OPEC cut

Oil rises on reported US crude inventory draw, expected OPEC cut

Wed, Oct 19, 2016

Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.

India may seek over Rs 49,000 crore in extra spending to spur growth

India may seek over Rs 49,000 crore in extra spending to spur growth

Fri, Oct 14, 2016

India may seek parliamentary approval to spend about $7.5 billion (nearly Rs 49,895.63 crore) more on roads, railways and other public programmes over the next five months, two government sources said, as Prime Minister Narendra Modi looks to spur growth and create jobs.

China exports dive in September on weak global demand

China exports dive in September on weak global demand

Thu, Oct 13, 2016

"There remain obvious obstacles facing China`s foreign trade development," Customs spokesman Huang Songping told reporters in Beijing. "World growth remains sluggish and global trade lacks effective support."

Union Budget: Govt wants no clash with polls, says FM Jaitley

Union Budget: Govt wants no clash with polls, says FM Jaitley

Tue, Oct 11, 2016

Having decided to advance the budget presentation, the government is keen that it is not presented in the middle of Assembly elections in five states, said Finance Minister Arun Jaitley.

India's manufacturing index eases in Sept; RBI may cut rates: Survey

India's manufacturing index eases in Sept; RBI may cut rates: Survey

Mon, Oct 03, 2016

The growth of India's manufacturing industry eased in September with decline in growth of new orders, while weak inflationary rates may prompt RBI to cut rates in the upcoming monetary policy meet, according to a latest survey.

India's Ease of Doing Business rank should improve: Kaushik Basu

India's Ease of Doing Business rank should improve: Kaushik Basu

Sun, Oct 02, 2016

Hoping India will improve its ranking on World Bank's Ease of Doing Business Index, eminent economist Kaushik Basu has said the government also needs to be more active in promoting cohesiveness and diversity in the society, as economic reforms with political and social inclusiveness can help the

FPI inflows surpass Rs 20,000 crore in September, at 11-month high

FPI inflows surpass Rs 20,000 crore in September, at 11-month high

Sun, Oct 02, 2016

Foreign investors pumped in more than Rs 20,000 crore into the capital market in September, making it the highest net inflow in 11 months. This also marks the third consecutive month of positive inflows (equity and debt).

Index of Eight Core Industries rises 3.2% in August

Index of Eight Core Industries rises 3.2% in August

Fri, Sep 30, 2016

Index of Eight Core Industries comprising 38% of weight of items included in Index of Industrial Production (IIP) rose 3.2% in August 2016 as againt the same month of last year.

ICICI Prudential Life will outpace market growth in next few years: Chanda Kochhar

ICICI Prudential Life will outpace market growth in next few years: Chanda Kochhar

Thu, Sep 29, 2016

ICICI Prudential Life Insurance will outpace the market growth in next few years, the company's chairperson Chanda Kochhar said on Thursday.

Assure that GST will be applicable from April 1 across India: Arjun Ram Meghwal

Assure that GST will be applicable from April 1 across India: Arjun Ram Meghwal

Thu, Sep 22, 2016

The union government is abiding by the target date for implementing the goods and services tax (GST) to ensure that it is applicable from April 1, 2017 across India, Minister of State for Finance, Arjun Ram Meghwal said at an Assocham event held in New Delhi on Thursday.

Union Cabinet to consider presenting Budget for 2017-18 on February 1

Union Cabinet to consider presenting Budget for 2017-18 on February 1

Tue, Sep 20, 2016

Breaking from tradition, the general budget of the union government is likely to be presented on February 1 instead of the last day of the month, as part of an overhaul that would also scrap the practice of a separate railway budget.

Entrepreneurial spirit needed in society to achieve 9-10% growth: Amitabh Kant

Entrepreneurial spirit needed in society to achieve 9-10% growth: Amitabh Kant

Mon, Sep 19, 2016

The country needs to inculcate an "entrepreneurial spirit" in society to achieve 9 to 10% growth rate and expedite the process of scrapping unnecessary regulations to further improve ease of doing business, Niti Aayog CEO Amitabh Kant said in Mumbai on Monday.

India to clock 8% growth over next few years: S&P

India to clock 8% growth over next few years: S&P

Mon, Sep 19, 2016

Backed by broadening of domestic consumption base, S&P Global Ratings on Monday projected India to clock a "steroid-free" growth of 8% over the next few years.

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