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Good monsoon can buoy GDP growth beyond 8% this fiscal, says Arvind Panagariya

Jul 27, 2016

Good monsoon can buoy GDP growth beyond 8% this fiscal, says Arvind Panagariya

Indian economy grew 7.9 percent in March quarter and recorded a five-year high growth rate of 7.6 percent for the 2015-16 fiscal on robust manufacturing growth #GDP #Arvind Panagariya #manufacturing #Monsoon #Growth #Prime Minister Narendra Modi #Niti Aayog
Govt must protect central bank's independence: Rajan

Jul 26, 2016

Govt must protect central bank's independence: Rajan

Taking on his detractors, Governor Raghuram Rajan today said the criticism that RBI killed growth with high rates was at odds with "received wisdom" of India being fastest-growing and urged the government to look beyond 'motivated criticism' to protect the central bank's autonomy. #Inflation #Economy #oil prices #NewsTracker #Growth #RBI governor Raghuram Rajan
Morgan Stanley, BofA-ML expect RBI to cut interest rates by 25-50 bps by FY17

Jul 21, 2016

Morgan Stanley, BofA-ML expect RBI to cut interest rates by 25-50 bps by FY17

Both investment banking firms have cited prospects of good monsoon and slowing inflation numbers for their optimism towards the likely rate cuts #Inflation #RBI #Reserve Bank of India #Morgan Stanley #Bank of America Merrill Lynch #Raghuram Rajan #Monsoon #Growth
Raghuram Rajan says financial inclusion key for a sustainable growth

Jul 18, 2016

Raghuram Rajan says financial inclusion key for a sustainable growth

Rajan also said easy payments and cash out would make formal savings more attractive and strengthening the network of banking correspondents #RBI #Raghuram Rajan #Aadhaar #Growth #Financial inclusion #postal payment bank
ADB curbs Developing Asia's 2016 growth estimate citing weak global outlook

Jul 18, 2016

ADB curbs Developing Asia's 2016 growth estimate citing weak global outlook

Developing Asia, which groups 45 countries in the Asia Pacific region, is now expected to expand 5.6% this year, slightly weaker than a March forecast of 5.7%, the ADB said #Asian Development Bank #Growth #ADB #Brexit #Developing Asia
India may grow at 7.9% this fiscal, if monsoon remains normal: Crisil

Jul 11, 2016

India may grow at 7.9% this fiscal, if monsoon remains normal: Crisil

GDP is expected to grow by 7.9 percent in 2016-17 as against 7.6 percent in the previous fiscal if "monsoon is normal and global situation does not deteriorate from here #GDP #CRISIL #Monsoon #Growth #GST
As growth debate rages, Swamy has an unlikely ally in Joseph Stiglitz

Jul 07, 2016

As growth debate rages, Swamy has an unlikely ally in Joseph Stiglitz

Joseph Stiglitz, has said that India should focus on “rapid rate economic growth” and not get “overly obsessed with inflation,” which can then turn into greater problems like joblessness #Inflation #GDP #Subramanian Swamy #Raghuram Rajan #Growth #RBI Governor #Joseph Stiglitz #Ruchir Sharma #Nobel Laureate #morgan stanley investments
Manufacturing growth in June jumps to 3-month high at 51.7

Jul 01, 2016

Manufacturing growth in June jumps to 3-month high at 51.7

Rains are expected to be above average this year which could keep prices in control and give the government room to focus on key economic reforms in tandem with low interest rates #RBI #manufacturing #Raghuram Rajan #Monsoon #PMI #Growth #retail inflation
Govt pay hike: Demand to push growth; modest risk to inflation

Jun 29, 2016

Govt pay hike: Demand to push growth; modest risk to inflation

Implementation of the much-awaited pay hike for over 1 crore central government employees and pensioners will be a positive for the economy as it will push up consumption although its impact on inflation is likely to be moderate, economists say. #Inflation #Cabinet #Growth #consumer demand #Prime Minister Narendra Modi #Brexit #7th Pay Commission recommendations #Crisil Chief Economist D K Joshi #ICRA Senior Economist Aditi Nayar
India can sustain 7.6% growth if stalled projects revived soon: World Bank

Jun 20, 2016

India can sustain 7.6% growth if stalled projects revived soon: World Bank

The update expects economic growth to be at 7.6 percent in 2016-2017 followed by a modest acceleration to 7.7 percent in 2017-2018 and 7.8 percent in 2018-2019 #GDP #World Bank #Growth #Indian Economy #WB