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Indian Economy is expected to grow at 7.4 per cent in the current fiscal despite weak performance of agriculture sector due to poor monsoon NCAER said. The GDP growth rate forecast is 7.4 per cent for 2015-2016 and 2016-17 the economic policy think-tank said in a report. According to the National Council of Applied Economic...   Read More

The economy is likely to grow by 7.6% in the October-December quarter of the current fiscal the fastest pace of expansion in five quarters according to India Ratings. India Ratings said growth may have ticked higher in the third quarter by 7.6% compared to 7.4% in the second quarter of this fiscal. “Growth is likely...   Read More

NEW DELHI: Indian economy is expected to grow at 7.4 per cent in the current fiscal despite weak performance of agriculture sector due to poor monsoon NCAER said. The GDP growth rate forecast is 7.4 per cent for 2015­2016 and 2016­17 the economic policy think­tank said in a report. According to the National Council of Applied Economic...   Read More

At the C D Deshmukh Memorial Lecture organised last week by the National Council of Applied Economic Research its director Shekhar Shah had an awkward moment when his voice cracked during his address. Reserve Bank of India (RBI) Governor Raghuram Rajan came to Shah's rescue by walking up to him and offering him a glass...   Read More

The Indian Railway (IR) system is one of the four railway systems in the world that transports more than one billion tonnes of traffic annually. As against a growth of 4 per cent to 4.5 per cent in the last few years, IR is likely to achieve only 1 per cent growth in 2015–16. This is...   Read More

Reserve Bank of India governor Raghuram Rajan on Friday said that a growth rate of over 7% was a credible achievement given wobbly conditions in the world economy but cautioned the government against being “over ambitious” and asked it to contain its borrowings. “It is to the immense credit of the government that we have...   Read More

During global turmoil macroeconomic stability should not be risked Ahead of the Budget Reserve Bank of India Governor Raghuram Rajan on Friday cautioned against deviation from the fiscal consolidation path which he said could hurt macroeconomic stability. During the global turmoil macroeconomic stability should not be risked and both the government and the central bank...   Read More

NEW DELHI: A day after stating that "there are problems with the way we count GDP" RBI Governor Raghuram Rajan today said he has never raised doubts over the GDP numbers and they are broadly correct.   "It was not anything about new GDP numbers or the way GDP is calculated. I think it's broadly correct"...   Read More

Reserve Bank of India Governor Raghuram Rajan on Friday backed fiscal consolidation over "aggressive" policies to boost economic growth as the finance ministry grapples with a dilemma between economic stability and growth ahead of the Budget. Delivering the C D Deshmukh memorial lecture at the National Council of Applied Economic Research in New Delhi he...   Read More

Ahead of the Budget Reserve Bank of India (RBI) Governor Raghuram Rajan today warned against generating economic growth through additional debt saying that any deviation from the fiscal consolidation path will hurt stability of the economy. “As Brazil’s experience suggests the enormous costs of becoming an unstable country far outweigh any small growth benefits that...   Read More