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…)

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

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

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…)

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…)

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

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

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…)

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…)

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…)