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Economy

Sound growth of core infra industries add to GDP cheers

Cheering up the economy further, the core infrastructure industries grew by 7 per cent in October against 3.9 per cent in the same month last year, helped by robust performance of cement and crude oil sectors. The October data for six industries — crude oil, petroleum refinery products, coal, electricity, cement and finished steel — […]

Economy

GDP growth of 8.9 pc in Q2 exceeds expectations

Belying expectations of a slowdown, the Indian economy expanded at betterthan expected pace of 8.9 pc in the second quarter of this fiscal, prompting experts to peg the growth rate for the current financial year at 9 pc. The growth rate during the period depicts India as the second fastest growing large economy after China, […]

Economy

Farm, manufacturing push economic growth to 8.9% in Q2

Driven by good performance of agriculture and manufacturing, the Indian economy grew by 8.9 percent in the second quarter of the current fiscal, up from 8.7 percent in the corresponding period a year ago. The growth rate for the first quarter was revised upwards to 8.9 percent from 8.8 percent. This took the overall economic […]

Economy

9 per cent GDP this year possible: Basu

Buoyed by robust performance of the economy in the second quarter, a top advisor in the finance ministry on Tuesday said it is possible to record 9 per cent growth this fiscal. “It is not impossible any more. We are very close to that,” Chief economic advisor (CEA) Kaushik Basu told reporters when asked whether […]

Economy Magazine

Elected To Carry Out Corruption?

By Nanditha S “Power tends to corrupt; absolute power corrupts absolutely.” This saying is proving true in the case of India, the largest Democracy in the world. It seems corruption in India is at its rampant best and majority of the corruption is confirmed to be happening with the connivance and collusion of those holding […]

Economy

India, EU make efforts to resolve differences over trade pact

India and the EU are making last ditch efforts to resolve differences and conclude negotiations on free trade agreement (FTA), in the run-up to their next month’s summit in Brussels that will be attended by Prime Minister Manmohan Singh. Commerce and Industry Minister Anand Sharma and EU Trade Commissioner Karl De Gucht will meet in […]

Economy

High inflation, input cost hitting manufacturing growth:Survey

High inflation and input cost are inhibiting manufacturing sector growth, even as performance of the segment, contributing over 80 per cent in industrial output, improved in the first half of 2010-11 over the same period last year, a CII ASCON survey said. There are sectors, which have recovered sharply and grow at over 20 per […]

Economy

The Indian Manufacturing Industry Slow in Adoption of Technology Compared to its Counterparts in Developed Economies

Mumbai : India has become a growth destination for several global companies. Organizations are becoming increasingly competitive on the efficiency and flexibility of their supply chains and not merely on their product features and quality. They have realized that being technology driven and updated is the key to compete in the global market. Currently, manufacturing […]

Economy

Food inflation dips marginally to 10.15 pc

Food inflation dipped for the sixth straight week and dropped to 10.15 per cent for the week ended 13th November, on cheaper vegetables and pulses. Food inflation in the previous week was 10.3 per cent. Price of food items like pulses and vegetables declined during the week on improved availability after the end of the […]

Economy

RBI says potential liquidity available in the system

In the wake of recent concerns over a liquidity crunch in the system, Reserve Bank of India Deputy Governor, Shyamala Gopinath, has said there is a “potential liquidity” available in the system. The central bank’s recent liquidity infusion moves like the second LAF (Liquidity Adjustment Facility) and the second one percent below SLR (Statutory Liquidity […]