Page 20 - India Economy

Biggest drop in power demand makes Indian banks' bad debt headache worse

Banks had about Rs 1.8 trillion ($25 billion) of stressed loans to India's coal-fired power generators as of last year

Cash in circulation rises, hindering Modi govt's digital economy push

Ratio of currency in circulation to GDP has risen to 11.23 per cent as of March 2019, putting question mark over demonetisation aim.

India world's most open, investment friendly economy: Modi tells BRICS bloc

India has political stability, predictable policy: Prime Minister tells business leaders.

Ayodhya verdict is cue for PM Modi to focus on fixing India's economy

The speed and energy with which the BJP's social agenda has been implemented stands in sharp contrast to the dilatory and timid approach the government has taken to structural economic reform.

Moody's outlook downgrade for India: A wake up call, but not justified

Moody's has not considered the fact that the government has been addressing various issues to help the economy.

Moody's cuts India outlook to negative, predicts 'prolonged slower growth'

Moody's projects a budget deficit of 3.7% of GDP in the year through March 2020, a breach of the government's target of 3.3%.

Moody's sees credit crunch to prolong in India, pain for households

Ratings company cuts India's outlook to negative, says fewer jobs will be created.

Indian firms default on record $1.2 bn of bonds this year as economy slows

Those firms that delayed or missed debt payments in 2019 still have $17 billion of notes and loans outstanding including the defaulted securities

Reducing taxes to boost investments is a myth, says Abhijit Banerjee

Countries from China to India to Indonesia are slashing taxes for businesses to spur growth amid a gloomy outlook for global economic expansion

India cannot sacrifice economic strength to comply with US sanctions: FM

Sitharaman said the Indian government has expressed its view to the United States

India's growth rate to fall to 6%, will recover to 7.2% in 2022: World Bank

In 2018-19, it stood at 6.8%, down from 7.2% in the 2017-18 financial year

Why the Indian govt needs more participative economic decision-making

Well into its sixth year of rule at the Centre, the Narendra Modi-led government's economic policymaking style reveals a trend that is as problematic as it is puzzling

Vietnam's gain: Why factories leaving China aren't coming to South Asia

The fantasy that India might somehow "leapfrog" from a rural, agriculture-heavy economy straight to a services-based economy is wrong.

India not immune to global slowdown, but fundamentals strong: WEF

The WEF is organising IES at a time when India's economic growth has plunged to a five-year low of 5 per cent - in the first quarter of 2019-20.

Govt considering another 'booster dose' to revive economy: Report

Earlier this week, RBI Governor Shaktikanta Das had said the government has taken a number of measures to boost the economy in three phases and indicated that more steps are likely

Power, mining take UP's industrial output past India average in June

State achieves 3.2 per cent growth, compared with India's industrial growth of 2 per cent.

Quick fixes won't solve growth problem

It is high time that the government focused on a trade policy to help sustain high long-term growth and create jobs

Five US Governors to visit India over next 2 months to boost economic ties

The unprecedented move of five American governors visiting India in quick succession is a part of the efforts by the Trump administration and the Modi government to enhance state-to-state relationship

India's GDP expansion much higher than global growth: Sitharaman

Finance Minister Nirmala Sitharaman said reform is a continuous process for her government and it tops the agenda

Podcast: Superluxury items the latest victim of India's slowing economy

But the gloom is in no way a reflection of the number of the wealthy. Listen to this podcast for more