Economy will grow over 6 percent this fiscal, says MukherjeeSeptember 23rd, 2009 KOLKATA - Finance Minister Pranab Mukherjee Wednesday said the country's economy would grow over 6 percent this fiscal and that the government planned to scale down fiscal deficit to 4 percent by 2012. "During the first quarter, the GDP (gross domestic product) grew by 6.1 percent and we expect it to grow a little better in the second quarter.
India will see signs of recovery this fiscal: RangarajanSeptember 17th, 2009 HYDERABAD - Indian economy will see "definite signs of recovery" in the second half of the current financial year and will grow between 6 and 6.5 percent in the fiscal, Prime Minister's Economic Advisory Council chairman C. Rangarajan said here Thursday.
Interest rates may harden a bit, says RangarajanSeptember 17th, 2009 HYDERABAD - Interests rates may marginally increase towards the end of the current fiscal as the economic situation is improving and demand is picking up, Prime Minister's Economic Advisory Council Chairman C. Rangarajan said here Thursday.
Rangarajan asks govt. to raise resources to provide relief to drought-hit peopleAugust 12th, 2009 NEW DELHI - C. Rangarajan, the chairman of the Prime Minister's Economic Advisory Council, has asked the government to raise additional resources to provide relief to drought-hit people.
India's economy to grow by 7 percent: MinisterJuly 21st, 2009 NEW DELHI - India's economy is expected to grow at around 7 percent this fiscal, Minister of State for Finance Namo Narain Meena said in the Rajya Sabha Tuesday. "As per the Economic Survey for 2008-09 and assuming the monsoon would be normal, India's gross domestic product (GDP) is expected to grow at around 7 percent in the fiscal 2009-10," Meena said.
Steel industry to grow this fiscal: MinisterJuly 8th, 2009 NEW - The steel industry, supported by domestic demand and the government's increased infrastructure spending, will witness a growth this fiscal, Steel Minister Virbhadra Singh said here Wednesday. "The industry will see a major recovery this year and will grow at six-eight percent," Singh said at a conference organised by the Associated Chamber of Commerce and Industry of India (Assocham).
Budget a difficult balancing act: RangarajanJuly 6th, 2009 NEW DELHI - Former Reserve Bank of India (RBI) governor C. Rangarajan said Finance Minister Pranab Mukherjee's union budget presented in parliament Monday was a difficult balancing act.
Textile industry to grow at 7-8 percent: Maran (Second Lead)June 12th, 2009 NEW DELHI - The textile industry will regain lost ground to grow at 7-8 percent in the current fiscal, Textiles Minister Dayanidhi Maran said here Friday. Industry is quite optimistic and I am also quite optimistic we will be able to achieve that growth, Maran told reporters on the sidelines of a conference here.
Reforms to drive India's growth at 7.2 percent: AssochamJune 11th, 2009 NEW DELHI - The Indian economy is expected to grow by 7.2 percent in the current fiscal, primarily driven by improvements in consumer sentiment, rural economy, and policy reforms, said an industry survey released here Thursday. According to the survey, conducted by the Associated Chambers of Commerce and Industry of India (Assocham), about 42 percent of the respondents believe policy reforms would cast massive impact on the GDP (gross domestic product) growth.
India's merchandise exports dip 33 percent in AprilJune 1st, 2009 NEW DELHI - The current fiscal year has started on a sour note for India's merchandise exports sector with the value of such shipments down 33.2 percent at $10.74 billion in April against $16.08 billion in the same month of the previous fiscal. Imports, too, fell 36.6 percent to $15.75 billion in April from $24.82 billion in the like month of last year, according to official data on external trade released by the commerce and industry ministry Monday.
Treasurer says Australian economy forecast to grow 2.25 percent in fiscal 2010-11May 12th, 2009 Australian economy forecast to grow in 2010-11CANBERRA, Australia — Treasurer Wayne Swan says the Australian economy is forecast to shrink half a percentage point in the next fiscal year then rebound to 2.25 percent growth in the following 2010-11 fiscal year. Swan revealed the current Treasury forecasts Tuesday as he released his government's budget for the next fiscal year beginning July 1, 2009.
India to grow 7-8 percent this fiscal: ICICI chiefApril 4th, 2009 KOLKATA - Despite the economic slowdown, the Indian economy is likely to grow 7-8 percent in 2009-10, ICICI Bank chief executive K.V. Kamath said here Saturday.
Indian economy to grow over 5 percent next fiscalMarch 19th, 2009 NEW DELHI - India's economy will grow by at least 5 percent in 2009-10, a Planning Commission member said here Wednesday. 'We should see at least a 5 percent growth in GDP (gross domestic product) in 2009-10.
Chhattisgarh's industrial sector to grow over 9 percentFebruary 3rd, 2009 RAIPUR - Chhattisgarh's industrial sector is expected to grow 9.41 percent this fiscal, Chief Minister Raman Singh said here Wednesday. Speaking in the state assembly, he said the agriculture and service sectors were estimated to grow 1.10 and 9.46 percent respectively.
'Gujarat IT exports to cross Rs.10 bn'February 3rd, 2009 AHMEDABAD - Gujarat's IT exports are estimated to grow to Rs.10 billion (Rs.1,000 crore) this fiscal from Rs.7.61 billion in 2007-08, an industry organisation said Wednesday. Last fiscal, the industry was hopeful of achieving 100 percent growth in exports from Rs.5 billion in 2006-07, but could not meet the target, mainly due to rupee appreciation against dollar, said Nirav Shah, president of the Gujarat Electronics and Software Industries Association (GESIA).
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