On September 22, 2014 22:08 (IST)
India's current account deficit is likely to narrow down to 1.7 per cent of gross domestic product (GDP) this fiscal year (2014-15) but may widen to 2.3 per cent in FY16, according to a report by global financial services major.
On September 22, 2014 15:42 (IST)
Lower crude prices mean less government outlay for India, which imports 80 per cent of its oil needs - at a cost of $168 billion last year - and subsidizes oil products such as diesel and fertilizer.
On September 09, 2014 15:54 (IST)
The government will soon revise the way it measures gross domestic product to reflect under-represented and informal economic sectors, two sources said, in an initiative that is expected to show the economy is larger than previously thought.
On September 05, 2014 22:12 (IST)
Attributing decline in economic growth to "slow governance" and faulty allocation of natural resources, Reserve Bank of India (RBI) Governor Raghuram Rajan has said GDP growth will improve to 7 per cent in next three years on back of political stabil...
On September 03, 2014 11:08 (IST)
Although Moody's expects the government to meet the fiscal deficit target of 4.1 per cent for the fiscal year ending in March, it noted the country's finances would "remain vulnerable to future cyclical downturns and external shocks."
On September 01, 2014 23:53 (IST)
India's current account deficit narrowed sharply to 1.7 per cent of GDP in the April-June quarter of the ongoing fiscal year mainly on account of reduction in trade deficit and a steep decline in gold imports.
On August 30, 2014 16:06 (IST)
JaitleyMany private economists consider the deficit target optimistic, citing weak tax receipts in a sluggish economy and high federal expenditure commitments.
On August 29, 2014 16:57 (IST)
The deficit was 62.8 percent during the comparable period in the previous fiscal year.
On August 22, 2014 17:11 (IST)
The rupee strengthened on Friday to a three-week high against the dollar after Bloomberg quoted an analyst at Standard & Poor's calling the government's target to lower the fiscal deficit a positive for the country's ratings.
On August 19, 2014 00:20 (IST)
India's trade deficit is likely to be around $142 billion and the current account deficit is expected to be contained at $39.3 billion, or 1.9 per cent of GDP, for the current fiscal year (2014-15), Citigroup has said in a report.
On August 16, 2014 16:27 (IST)
Finance Minister Arun Jaitley has said Indias ballooning subsidy bill needs to be lowered by rationalising the dole-outs.
On August 13, 2014 16:40 (IST)
The outlook for global oil prices also remains weak. Currency expert AV Rajwade believes that there is a structural change is underway in the oil economy which will also lead to lower oil prices globally. "In a five-year view, there are greater chanc...
On August 11, 2014 20:52 (IST)
With industry production showing signs of buoyancy, the economy is likely to grow by 5.7 - 5.8 per cent this fiscal year, Finance Secretary Arvind Mayaram has said, while stating that achieving 4.1 per cent fiscal deficit target is a "daunting task".
On August 07, 2014 15:54 (IST)
Domestic rating agency India Ratings on Thursday increased its FY15 gross domestic product growth estimate marginally to 5.7 per cent on a good show by the industrial sector, but said the government will not be able to meet its ambitious fiscal defic...
On August 06, 2014 22:45 (IST)
It was reacting to the government's commitment to narrow down the fiscal deficit to 4.1 per cent figure for the fiscal, and some concerns of the impact of this on growth, as the government might have to carry out massive expenditure cuts to achieve t...
On August 06, 2014 16:26 (IST)
He said India has capacity to bring the deficit under control provided there is improvement in revenue collection.
On August 06, 2014 19:45 (IST)
Dr Rajan, in an interview to television news channel, also said that he was prepared to give the "benefit of doubt" to the government on its commitment to achieve the "ambitious" fiscal deficit target of 4.1 per cent gross domestic product in 2014/15...
On August 04, 2014 13:58 (IST)
Admitting that achieving fiscal deficit target of 4.1 per cent is a "tough task", Finance Secretary Arvind Mayaram today said the government will be able to meet it as there are "clear signs" of economy picking up, leading to buoyancy in revenue real...
On August 01, 2014 20:28 (IST)
Even though the data showed a 56 per cent exhaustion of the full year's fiscal deficit target in the first quarter, Singaporean brokerage DBS today said the international rating agencies are unlikely to get alarmed by it as yet.
On August 01, 2014 14:02 (IST)
et tax receipts during the April-July period stood at Rs 99,087 crore. On Friday, Finance Minister Arun Jaitley told the Parliament the fiscal deficit target for the current fiscal year is "daunting".