Economy

Economy

India's factory output up, retail inflation slows

India’s factory output accelerates in April

A healthy performance of the manufacturing sector accelerated India's factory output last month, official data showed on Monday. The factory output, as per the new Index of Industrial Production (IIP) with revised base year of...
e-commerce

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

Though e-commerce players are expecting a surge in exports after the roll-out of India's landmark Goods and Services Tax (GST) reform, industry stakeholders feel there is a need to expand the categories for benefits...
seafood exports

India’s seafood exports at record high, up 23%

Riding a robust demand for its frozen shrimp and fish, India exported 11,34,948 tonnes of seafood worth $5.78 billion (Rs 37,870.90 crore) in 2016-17, 23 per cent more over the $4.69 billion figure a...
RUPEES

Indian economy grew at 7.1% in 2016-17, Q4 GDP growth at 6.1%

Demonetisation took a toll on the Indian economy with the Gross Domestic Product during the fourth quarter, ending March this year, falling sharply to 6.1 per cent from seven per cent in the previous...
seafood exports

India’s April exports up by 20%

India's exports revival continued for the eighth successive month, recording 19.77 per cent growth during April 2017, official data showed on Monday. According to data released by the Ministry of Commerce and Industry, exports grew...

India’s 2016-17 factory output rises as manufacturing expands

India's factory output expanded by five per cent during 2016-17 as manufacturing and mining activities rose, official data showed on Friday. According to data furnished by the Ministry of Statistics and Programme Implementation, the base...

Indian economy poses major challenges: Chinese think tank

India's competitive economy may pose a challenge to China which may become an "unfortunate bystander" watching India succeed if it didn't develop a more effective growth strategy, a Chinese think-tank has warned. The Beijing-based think...

CII predicts 7.5-8% growth of Indian economy

Industry body Confederation of Indian Industry (CII) on Thursday predicted that India's economic growth rate for 2017-18 will range between 7.5 and eight per cent. According to newly elected CII President Shobana Kamineni, key reforms...
Gold import

‘After note ban, dodgy money converted into gold, stored in shell companies’

The massive hunt for undeclared cash launched across the country post demonetisation has revealed that this was either converted into gold or routed through shell companies to make it legal tender, IT sleuths have...
RUPEES

Modi’s war on black money incomplete without taxing farm income

Taxing agricultural income has always been a politically sensitive topic. This was evident last week after NITI Aayog member Bibek Debroy spoke in favour of this above a certain threshold. Immediate clarifications followed that...

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