The year 2016 started with a negative growth prospective for the Indian market, and the wisdom behind “India is immune to Chinese slowdown” felt flat on Monday. Many experts believe (to some extent it’s true) India is an exception to global economic crises at least among emerging economies. And the ...
Read More »India’s industrial output growth hits five-year high
India’s industrial output grew 9.8 percent at its fastest pace since October 2010, as measured by the Index of Industrial Production. The double-digit growth in the manufacturing sector points to a strengthening industrial recovery. India’s economy expanded at an annual rate of 7.4 percent in the July-September quarter, outpacing China’s economic growth. Aimed ...
Read More »Economy improving & manufacturing sector slowly emerging leader of industrial growth: Finance Ministry
In the first four months of 2015-16, the manufacturing sector output has risen by 4% in 2015-16 as compared to 2.8% in the similar period of last fiscal. Economic Affairs Secretary Shaktikanta Das said improvement in IIP data for July is in line with steady improvement in the economic growth. ...
Read More »India has potential to become multi-trillion dollar economy: World Bank official
News: “If we can manage to grow at seven per cent for next 35 years, we will not only be the second largest economy in the world at that time but we will be prosperous and people will be rich enough,” World Bank Executive Director for Bangladesh, Bhutan, India and ...
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