IMF attributes the slower growth rate to supply-side bottlenecks.
Boost to dairy sector will generate jobs
The govt would also be coming out with more measures to deal with inflation.
The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
Investor confidence has evaporated amid fears over the rising cost of funding India's gaping current account deficit, prompting New Delhi to delay plans to raise much-needed funds through partial privatisations, finance ministry sources said.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
Defence Secretary R K Mathur should take to Prime Minister Narendra Modi just five simple measures that would create or catalyse dramatic improvements across the wider defence arena, says Ajai Shukla.
She needs to find innovative ways to at least match the growth during Gehlot's rule.
This was India's time; with a strong central bank governor and a new decisive government, anything was possible.
Finance minister tries to put house in order before reforms are unveiled in February.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
'I think governments -- whether this one or the ones earlier -- have not understood the strength of the Indian Railways... that it can easily add 2.5 per cent to GDP.'
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
Is Hyderabad the reason Telangana wants separation from Andhra Pradesh? Or has perceived backwardness of the Telangana region fuelled demand for a separate state? Mayank Mishra reports
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
A major criticism of the new law is that it can become an instrument of abuse as it confers the tax enforcement authorities with strong discretionary powers, says Paranjoy Guha Thakurta.
The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
Pushback to Modi govt's policy pronouncements has already started, it now has a very small window of opportunity to bring in reforms.
The government has provided a long-term vision.
This could be a major drag, not just on the empowerment of women but on the India growth story as well.
We suffered worse political degradation during the Emergency. But we emerged resurgent and vigorous because the spirit was not broken. This time around, we face an imminent threat to it, says Shreekant Sambrani
NDA government has shunned populism.
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
Indian economy about to take-off
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The toxic brew of fiscal populism, crony capitalism and bad economic management has ensured the collapse of economic growth, industrial stagnation, stubbornly high consumer inflation, declining savings and investment, shrinking employment opportunities, and a dangerously vulnerable external financing situation.
Chief Economic Advisor Arvind Subramanian's interview.
Opposition said saying it lacked vision and road map to execute ideas.
The haul of 64 medals at the Commonwealth Games, in July-August, which included 15 gold, should act as the ideal springboard for the Indian contingent to better its medal tally at Guangzhou, China, four years ago.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
'This is not a Sanjay Baru or Natwar Singh type of book. It's not a memoir. It's not a book to reveal conversations, real or imaginary. This is not a book to position myself at the centre of the world.' Jairam Ramesh on his stint as environment minister.
Soon after acquiring strategic management control of Vijay Mallya's crown jewel, United Spirits, Diageo has swung into action, making up for years of lost time in trying to figure out the Indian market.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
India Inc has few leaders who are likely to grab headlines in 2015.
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