Growth

41 Results

  • Indian government's IT spending to hit $8.5 bn in 2018

    Indian government's IT spending to hit $8.5 bn in 2018

    Picking up the pace after demonetisation and a drop in industrial production, IT spending in the Indian government sector is projected to reach $8.5 billion in 2018. This is an increase of 8.9 per cent from the 2017 estimated spending......

    November 15, 2017
  • IT spending in India to hit $87.1 bn in 2018

    IT spending in India to hit $87.1 bn in 2018

    Riding on the wave of digital transformation, the IT spending in India is forecast to hit $87.1 billion in 2018 -- an increase of 9.2 per cent from $79.7 billion (estimated) this year, Gartner said on Tuesday. Enterprise software and......

    November 14, 2017
  • India should aim for quantum jump in agro-processing: Goyal

    India should aim for quantum jump in agro-processing: Goyal

    India should not get satisfied with 10 to 20 per cent growth rate in agro-processing but should aim for a quantum jump to truly improve lives of the country's farmers, Railways Minister Piyush Goyal said on Sunday. "I think we......

    November 5, 2017
  • May the farce be with you: Rahul mocks Jaitley's on growth forecast

    May the farce be with you: Rahul mocks Jaitley's on growth forecast

    Congress Vice President Rahul Gandhi on Wednesday again mocked the government over its growth forecast, terming as a "farce" the Modi government's statements on its economic performance. Attaching a tweet posted on Tuesday by the Press Information Bureau, the government's......

    October 25, 2017
  • Economic stimulus not linked to Gujarat: Arun Jaitley

    Economic stimulus not linked to Gujarat: Arun Jaitley

    Finance Minister Arun Jaitley rejected attempts to link Monday's announcement of economic stimulus package to Wednesday's announcement of Gujarat elections. "This is for the first time structural reforms is being undertaken. It has nothing to do with politics. It is......

    October 25, 2017
  • British economic growth forecast calls for bank rate rise

    British economic growth forecast calls for bank rate rise

    The British economic growth rate is estimated at a slight increase in comparison with the second quarter, which will bolster the argument for the central bank the Bank of England (BOE) to raise the bank rate, a leading economic think-tank......

    October 12, 2017
  • PM Modi's economic council asks govt to stick to fiscal consolidation

    PM Modi's economic council asks govt to stick to fiscal consolidation

    The newly-constituted Economic Advisory Council to the Prime Minister (EAC-PM) held its first meeting here on Wednesday, deciding to focus on 10 areas of interest in a bid to rev up the slowing Indian economy. This panel of economists and experts......

    October 11, 2017
  • World Bank lowers India's growth forecast

    World Bank lowers India's growth forecast

    India's GDP may slow from 8.6 per cent in 2015 to 7.0 per cent in 2017 because of disruptions by demonetisation and the GST, the World Bank has forecast and warned that subdued private investment due to internal bottlenecks could......

    October 11, 2017
  • `Reduction in clerical staff hiring in banks is part of a design'

    `Reduction in clerical staff hiring in banks is part of a design'

    Central government owned banks' plan to hire 7,883 clerical staff next fiscal is inadequate when compared to the growth in business and the number of accounts, said a top leader of All India Bank Employees' Association (AIBEA). "This seems to......

    September 27, 2017
  • Boosting private investment, banks' growth major concerns: Jaitley

    Boosting private investment, banks' growth major concerns: Jaitley

    Looking at ways to boost economy amid a slowdown, Finance Minister Arun Jaitley on Friday said that encouraging private investment and improving capacity of banking system to support growth are the two major challenges for which best solutions have to......

    September 22, 2017
  • Yechury hits out at Shah’s comment on dip in India's GDP growth

    Yechury hits out at Shah’s comment on dip in India's GDP growth

    CPI-M general secretary Sitaram Yechury criticised BJP national president Amit Shah for his comment on dip in Gross Domestic Product (GDP) and said that Shah and Prime Minister Narendra Modi lack courage to admit the shortcomings of demonetisations. Shah had......

    September 21, 2017
  • 'India FY18 GDP growth likely at 7.1 pc'

    'India FY18 GDP growth likely at 7.1 pc'

    India's GDP growth is expected to be around 7.1 per cent this fiscal following a likely pick up in industrial production as firms resort to 'restocking' post GST especially ahead of festive season, says a Nomura report. According to the......

    September 13, 2017
  • Manufacturing sector must improve for 9-10% GDP: ASSOCHAM-EY

    Manufacturing sector must improve for 9-10% GDP: ASSOCHAM-EY

    If India has to maintain a sustained gross domestic product (GDP) growth of 9-10 per cent per annum, it is crucial that the manufacturing sector grows steadily at 14-15 per cent per annum over the next three decades, a joint......

    September 12, 2017