The new Cabinet member says growth cannot come unless all sectors of the economy -- agriculture, manufacturing and services -- expand.
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
Germany is now sitting on a mountain of savings.
IMF said in 2017, India is likely to grow at the rate of 7.2 per cent instead of the earlier projected 7.6 per cent.
Countries with abundant resources are faring worse in terms of development than those with less.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
Markets climb higher tracking global cues.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India's growth is expected to recover from 4.4 per cent in 2013 to 5.4 per cent in 2014, the IMF said.
India needs to strengthen its economic growth, says IMF.
These figures are based on purchasing power parity of 2005.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
India's economy - ranked eighth in 2015 with a GDP of $2 trillion - is projected to climb past Brazil, the United Kingdom, France, Germany and Japan and become the world's third-largest in 2030 with a GDP of $7.3 trillion.
Of the 20 deaths reported in the last 24 hours, eight were from Maharashtra, three each from Gujarat and Madhya Pradesh, two from Jammu and Kashmir and one each from Punjab, Uttar Pradesh, Karnataka and Tamil Nadu.
Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.
The Finance Ministry expects GDP growth to be 8-8.5 per cent in 2015-16.
Shastri took the first big step to transform India's agriculture, the benefits of which his successors reaped in plenty, says A K Bhattacharya.
Foreign investors are betting top dollar on the country as growth is likely to recover at a time when other emerging markets are battling macroeconomic adjustments.
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Opportunity for India to take leadership in economic diplomacy.
Capital flows have become much more skittish and volatile during this period, with short-term horizons dominating allocations.
The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
Most forecasts do not have a track record of transparency and accuracy
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
India still has to go a long way to implement reforms in various sectors.
Faster normalisation of central-bank balance sheets will drive yields higher.
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