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RBI is likely to cut key policy rates by another 50 basis points in the next few weeks, as it looks to spur demand in the economy which is expected to come under a brief spell of deflation, said officials with the finance ministry and the central bank. A dramatic fall in inflation rate, which [...]

Preparing the country for a lower growth of around 7 per cent in current fiscal due to the global crisis, the Mid-Year Review of the Economy on Tuesday said the decline in commodity prices will help bring down the inflation to ‘normal levels’ by March 2009.
‘We should be prepared for growth in 2008-09 as a [...]

India’s industrial output is likely to ease gradually and touch 4.3 per cent in October as the effects of past monetary tightenings begin to take hold, HSBC said in a note on Thursday.
The lead indicator suggests that the improvement in April industrial production is likely to prove something of an aberration, with output [...]

Holding that infrastructure deficiency in North-East is a “major concern”, Prime Minister Manmohan Singh on Wednesday announced linking of all state capitals there by rail to ensure better connectivity and earmarking of Rs 31,000 crores to improve roads.
Releasing ‘Vision Document 2020 for the North-Eastern Region’ here, he said besides developing rail and air [...]

Landlocked developing countries remain marginalized in the global economy, despite increased development aid, debt relief and greater access to international markets, the United Nations envoy for the world’s poorest nations said today.Cheick Sidi Diarra, the UN High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS), told the opening [...]

India has regained its position as the number one import source for Bangladesh, beating China, in the first nine months of the financial year ending June 30, official figures said.
This is mainly due to large-scale imports of rice and onion from India after Bangladesh faced a series of natural calamities last year.
[...]

The turmoil in the world economic markets is unlikely to have a major effect on India’s economy, which is currently at 9 per cent level, Confederation of Indian Industry’s President K V Kamath has asserted.
In his keynote address to a conference on investment in India, organized by CII in collaboration with the Asia Society here [...]

In the year 1492, Columbus had set sail to discover an India rich in Spices and treasure. In the twenty first century the world has set sail for India for finding that treasure, as the trend shows.
A large number of global multinational brands such as Coca-Cola, Google, Micro-soft and Mercedes-Benz have successfully operating in India. [...]

India’s economy is on the fulcrum of an ever increasing growth curve. With positive indicators such as a stable 8-9 per cent annual growth, rising foreign exchange reserves, a booming capital market and a rapidly expanding FDI inflows, India has emerged as the second fastest growing major economy in the world.
The economy has been growing [...]

India could overtake Britain and have the world’s fifth largest economy within a decade as the country’s growth accelerates, a new report says.
If trends continue, India’s economy may then surpass the US and be second only to China’s by mid-century, the report by investment bank Goldman Sachs says.
The report says India’s programme of [...]