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Archive for the ‘Indian Economy’ Category

You are currently browsing the archives for the Indian Economy category.

Saturday, February 20th, 2010Indian economy to grow at 7.2% 2009/10

The Indian economy and GDP is expected to grow by over 7.2 per cent during the current fiscal and exceed 8 per cent in 2010-11, thanks to increased economic activity in India according to Prime Minister’s Economic Advisory Council (PMEAC). (more…)

Saturday, January 23rd, 2010PWC: India can become 3rd largest economy by 2012

PricewaterhouseCoopers (PwC) reports that India could become the world’s third largest economy by purchasing power parity (PPP), overtaking Japan in 2012. (more…)

Wednesday, December 2nd, 2009Indian Economy smashes forecasts

The Indian economy is growing faster than expected with official data released on Monday stating Q2 growth at 7.9% year-on-year. (more…)

Thursday, October 29th, 2009Indian interest rates left unchanged

Duvvuri Subbarao, the Reserve Bank of India (RBI) governor, left key interest rates unchanged in the second quarter monetary policy review. However, by tweaking a few provisions, he signaled his focus on controlling asset prices and monetary inflation. (more…)

Wednesday, October 28th, 2009Growth forecast falls to 6% in RBI survey

Professional forecasters have added to Reserve Bank of India (RBI) Governor Duvvurri Subbarao’s dilemma on timing the exit from an accommodative monetary policy stance. (more…)

Wednesday, September 30th, 2009IDBI to cut home loan rates

IDBI to cut home loan rates but freefall in Indian interest rates has come to and end.

Thursday, August 13th, 2009Indian inflation lowest in three decades

Indian Inflation has fallen to the lowest in three decades. (more…)

Thursday, August 13th, 2009HDFC reduces rates

Housing Development Finance Corp (HDFC) has cut Indian interest rates by 50 basis points (100 basis points = 1%) for the Rs 30 lakh-Rs 50 lakh slab. (more…)

Wednesday, July 29th, 2009Indian Economy to grow at rate of 6.7%

The Indian Finance minister Pranab Mukherjee on Wednesday said the economy was expected to maintain a growth rate of 6.7% in 2009-10, the same as the last fiscal, as some signs of pick up were visible. (more…)

Monday, June 22nd, 2009World Bank: India to grow by 8% in 2010

Even as the “world is entering an era of slower growth” and “deepening recession”, India’s economy is set to expand 5.1 per cent in 2009 and by 8.0 per cent in 2010, the World Bank forecast on Monday. (more…)