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India’s economic growth could slow to around 5.5 per cent in 2009/10 hurt by a poor monsoon, but rates may start rising in early 2010 as inflation expectations increase, Nomura said in a note.
Rainfall was 29 per cent below normal as of Aug. 12, government data shows. This is a concern for agriculture production as [...]

Following are the highlights of the mega-stimulus package announced by the government to boost the economy:

Additional plan expenditure of up to Rs 20,000 crore (Rs 200 billion)
Excise duty reduced across the board by 4 per cent.
IIFCL authorised to raise Rs 10,000 crore (Rs 100 billion)  via tax-free bonds.
PSU banks to announce package for borrowers [...]

In an effort to boost the cash- starved realty sector, the government on Friday allowed the developers of integrated townships to borrow funds from overseas and also asked states to release land for low- and middle-income housing schemes.
“GoI will work with state governments to encourage them to release land for low- and middle-income housing schemes,” [...]

According to the Internet analyst company’s latest statement, the regional Internet audience grew at an average of 14 percent during the first half of the year to hit 319 million users.
India registered the strongest growth at 27 percent with over 28 million users, followed by China at 14 percent growth with over 102 million, said [...]

India’s days of more than nine per cent economic growth are over and the country has lost the opportunity to sustain those levels as well, believes global financial services major Citigroup.
“…the days of 9 per cent plus growth are over and we believe that India has lost the opportunity to sustain those levels [...]

The Indian IT industry, which has been clocking impressive growth rate in recent years, is likely to see a slow down in the next fiscal due to competition from China, the Philippines and Sri Lanka, industry body NASSCOM has said.
The growth rate might come down by six per cent due to the competition [...]

India’s exports grew 12.9 per cent in May from a year earlier to $13.78 billion, while the trade deficit widened to $10.77 billion as the pace of export growth slowed and oil costs surged, official data showed on Tuesday.
Data released by the Commerce and Industry Ministry showed imports rose by 27.1 per cent to [...]

Soaring food prices could reverse the significant growth in agricultural production seen in some of the poorest countries in Europe and Central Asia over the past 10 years, the Director-General of the United Nations Food and Agriculture Organization (FAO) said today.“In the past ten years, some of the poorest countries have posted the largest gains [...]

The United Nations Economic and Social Council (ECOSOC) will stage policy dialogues on development cooperation, the state of the world economy and its impact on the UN’s development agenda during its High-Level Segment next week.As part of the week’s events, the Development Cooperation Forum will bring together representatives from governments, the private sector, inter-governmental organizations [...]

Soaring inflation and high interest rates are expected to take a toll on the Indian economy, which is expected to witness a growth rate of 7.5 per cent this financial year against 9 per cent in 2007-08, according to Germany based Dresdner Bank.
“For this fiscal year, we now expect GDP growth of only 7.5 [...]

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