Tag: Indian economy
BJP's Policy Blunders Causing Economic Failure: Chidambaram
Former Finance Minister P. Chidambaram on Monday said the BJP government's "administrative incompetence" and "policy blunders" were responsible for the rising farm distress, unemployment and failure of economy.....
India's May Wholesale Inflation Doubles Year-on-year To 4.43%
A major spurt in food and fuel prices in the country pushed the wholesale price index (WPI) for May to 4.43 per cent, to nearly double over the 2.26 per cent registered in May last year and higher than the 3.18 per cent recorded in April, 2018, Commerce Ministry data showed on Thursday.....
Rupee Hits Record Low Against US Dollar
Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against a US dollar during the pre-afternoon hours on Tuesday.....
Rupee Devalues To Record Low Near 70.20
Wider trade deficit, along with recent outflow of foreign funds, weakened the Indian rupee to a fresh record low during the early morning trade session on Thursday.....
Rupee Falls To Fresh Low Of 71.58 Per US Dollar
High crude oil prices and negative global cues pulled the Indian rupee to a new record low of 71.58 per US dollar on Tuesday.....
Rupee Inches Closer To 73, Hits 72.91/$
Continuing its downward trend, the Indian rupee hit a new low of Rs 72.91 on Wednesday morning. ....
India's WPI Eases To 4.53% In August
India's annual rate of inflation based on wholesale prices eased to 4.53 per cent in August from a rise of 5.09 per cent in July, official data showed here on Friday.....
India's GDP Likely To Grow 7.4% This Fiscal, At 7.6% In 2019-20: UN Report
The Indian economy is expected to grow at 7.4 per cent in the current fiscal and its GDP growth will rise to 7.6 per cent in 2019-20, before tapering down to 7.4 per cent in 2020-21, according to a UN report released on Wednesday.....
Inflation Turned From Volatile To Stable In 5 Years: Economic Survey
The Economic Survey 2018-19 said that India's inflation scenario transitioned from its high and volatile levels to a low and stable condition in the last five years. ....
Moody's Cuts India Outlook To 'negative', Govt Counters
Global rating agency Moody's Investors Service on Friday cut India's outlook from 'stable' to 'negative' reflecting increasing risks to the country's economic growth and the government's failure in addressing long-standing economic and institutional weaknesses.....
