Free Press Journal
  • world-bank

    India GDP growth to accelerate further: World Bank

    Washington: Growth in India is firming up and projected to accelerate to 7.3 per cent in the 2018-19 fiscal and 7.5 per cent in the next two years, the World Bank said on Sunday. The global lender said that the Indian economy appears to have recovered from the temporary disruptions caused by demonetisation and the introduction of the Goods and Services Tax (GST). However, domestic risks and a less benign external environment

  • Why rupee is sliding?

    The rupee has declined from Rs 64 to a dollar a year ago to Rs 71 presently and is expected to decline further in the coming months. The core reason for this decline is the loss of competitiveness of the Indian economy. Let us say a particular toy is being manufactured in the United States for US $1. The same toy is being manufactured in India for Rs 71. Then the exchange

  • India to become 5th largest economy next year: Arun Jaitley

    New Delhi: India is on track to surpass Britain next year to become the fifth largest economy in the world and to emerge among the “big three” global economies by 2040, Finance Minister Arun Jaitley said on Thursday. He said while India’s per capita income may still be modest, but the size of the economy was very large and growing at a fast pace.

  • Blog writing can’t increase investment: Cong to Jaitley

    New Delhi : The Congress claimed on Sunday the “ad hoc” policies of the BJP-led government at the Centre has put the Indian economy in “dire straits”, and took a dig at Finance Minister Arun Jaitley, saying writing blogs cannot increase investment.

  • Sensex, Nifty soar to fresh highs on global leads

    Mumbai: The BSE Sensex built on gains to close at a fresh record high and the NSE Nifty breached the 11,550 mark for the first time today riding on hectic buying in L&T, Tata Motors, ONGC and HDFC Ltd amid positive leads from global markets.

  • Independence Day 2018: Fair growth but no fairytale

    Independence was good for India. We have good data from our economic historians. It shows that from 1900 to 1950, India’s GDP has been growing roughly at 1.5 per cent per annum. Population growth that time used to be quite rapid, and later, it grew even faster. But population growing at 1.5- 2 per cent meant per capita income is holding steady or falling a little. There was no growth per capita

  • Strong Indian economy continues to lead global growth: IMF

    Washington: India is a source of growth for the global economy for the next few decades and it could be what China was for the world economy, the IMF said today, as it suggested the country to take steps towards more structural reforms.

  • No harmony among police and people can harm India: Kaushik Basu

    Mumbai: India has been getting a lot of negative publicity around the world for its divisive policies, believes economist and former economic advisor Kaushik Basu. He hopes this does not taint the years of efforts India as country put in.

  • IMF on India's growth rate

    Too many deficits to bridge in modern era

    It is received wisdom that prior to the era of liberalisation, the Indian economy was a story of chronic shortages. This was the fate of most newly free post-colonial nations of the mid twentieth century. The shortages in a macroeconomic sense were of three kinds. Firstly, and most importantly, were food shortages. This was because the nation was unable to produce enough to feed its population. If food prices remained unregulated, then

  • maharashtra, crop, loan waiver, maharashtra government, croap loan waiver scheme, farmers

    Here is why farmers are agitating

    When Indian economy has grown at an estimated rate of 6.7 per cent in FY-18, there shouldn’t be a cause for complain from any sector of the economy. But when the economy runs largely on one wheel – government expenditure – and the government hides behind the headline GDP number, the ground reality can be vastly different. One sector where unhappiness has turned into public anger is agriculture, though the BJP-led government’s

  • Economy judged by people’s life: Chidu

    New Delhi : Former Union Finance Minister P Chidambaram on Monday tore apart the Modi government for thousands of empty words on the Indian economy since its fourth anniversary celebrations began on May 26, asserting that what matters to the overwhelming majority is whether the economy made their life worse or better.

  • Chidambaram participates in a panel discussion

    Tyres of Indian economy are punctured, says P Chidambaram

    New Delhi: Former finance minister P Chidambaram today said that state of the economy was bad in the country due to the wrong policies of the NDA government and tyres of three of the four wheels on which the economy rides were punctured.

  • IMF on India's growth rate

    The revival signs of Indian economy

    After the unmitigated gloom peddled by the Opposition and a section of the media, there is light at the end of the tunnel for the Indian economy. The Central Statistics Office’s provisional GDP estimates for 2017-18 suggest that growth recovered to a brisk 7.7 per cent in the January-March 2018 quarter, the highest real GDP growth in seven quarters.

  • India’s Q4 GDP growth  hits 2-year high of 7.7% in Q4

    New Delhi : The Indian economy grew 7.7 per cent year-on-year during the January-March 2018 period, its quickest pace in nearly two years, helped by robust performance by manufacturing, construction and service sectors and good farm output, government data showed on Thursday.

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