Panagariya said that the growth will rebound in the current fiscal at a minimum of 7.5 percent and accelerate further in the coming years
"The demographic 'dividend' is slowly turning into a 'tax' as more young people enter the workforce, while the pace of job creation is meagre"
What should seriously worry the government’s economic managers is the fact that gross fixed capital formation (an indicator of the investment rate) has dropped to 27.1 percent of GDP
#CoalIndia' s consolidated income increased to Rs 26,635.9 crore in the last quarter of FY2016-17
Kochhar's total cost to the company was over Rs 4.79 crore in 2015-16 and basic salary was Rs 2.32 crore.
The entry and the initial free offerings of Reliance Jio has severely hurt the financials of the incumbents as they seek to protect their customers from moving out
Railways has failed to achieve even its revised passenger revenue target for the fiscal while freight revenue has declined significantly year on year
The stock was the worst performer among the 30-Sensex companies.
Attrition has been a sore point for the software giant. However, the company seems to have managed to rein in the employee churn. At 17.1 percent, the rate is lowest in at least 12 quarters.
The government data shows the rabi sowing is at record high despite demonetisation. So even in the fourth quarter the support from the agriculture sector is likely to continue for the overall GDP
Revenue of Tata Consultancy Services was up 8.7 percent at Rs 29,735 crore in the third quarter of 2016-17, from Rs 27,364 crore in the year-ago period.
In short, at this stage, India’s growth is largely a consumption-led, government-funded story rather than triggered by fresh capital expenditure by companies.
India's gross domestic product (GDP) slowed to 7.1 per cent for the first quarter of this fiscal, from 7.5 per cent in the like period of 2015-16, due mainly to lower activity in farm, mining and construction sectors, official data showed on Wednesday.
The Indian economy is expected to clock a GDP growth of 7.4 per cent this fiscal largely driven by the lagged impact of a good monsoon and increased consumer spending, supported by pay commission awards, a Standard Chartered report says.
Driven by private consumption and increased industrial activity, India's growth is projected to notch up to 7.5 per cent in 2016–17, overtaking China's GDP by more than 1 per cent, the IMF said today.