Business confidence in India continued to improve and touched a two-year high in January, according to the latest National Council of Applied Economic Research (NCAER) - MasterCard Worldwide Index of Business Confidence.
India Inc's India's Business Confidence Index has gone up by 5.4%.
The economic think-tank National Council of Applied Economic Research on Thursday revised downward marginally India's economic growth to 6.62 per cent due to deceleration in farm output in 2004 even as fiscal deficit was slated to shrink to 4.52 per
The truckers' strike, which entered the second day, can push inflation by 50 basis points on account of shortage of perishable goods and panic buying by traders, said economic think tank National Council for Applied Economic Research (NCAER).
He speaking in New Delhi on the occasion of release of a copy of India's Rurural Infrastructure Report prepared by National Council for Applied Economic Research (NCAER).
Economic think-tank NCAER has revised its projections for economic growth to 7.9 per cent for 2006-07, compared to 7.7 per cent made in April due to likely higher growth in industry and services sectors.
Of the 550 million domestic tourists in 2002 at the national level, rural population constituted 71 per cent, a survey said.
Leading think-tank National Council for Applied Economic Research has underlined the need for encouraging manufacturing sector to generate more jobs especially for the unskilled workforce.
In spite of the buoyant overall business sentiments, Indian corporations, mainly in the services sector, appear to be pessimistic on sales for the next six months and expect pre-tax profits to be flat.
The increase by more than three per cent is largely due to jump in the rate of inflation in the case of WPI for fuel, power, light and lubricants
The growing economy has spun a wheel of fortune for Indians, with high income households outnumbering those in the low category for the first time at the end of 2009-10, according to estimates made by think-tank NCAER.
Overall prospects for economic growth are constrained by lack of new investments despite major gains in industrial growth in the first half of the fiscal, according to National Council for Applied Economic Research.
The business confidence index for Indian companies has bounced back to 156.8 points in the April-June quarter of 2010 after falling to a low of 81.6 during the same period last year.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
First, the shock: according to a National Council of Applied Economic Research survey, of the 78 per cent Indian households aware of life insurance, only 24 per cent actually own one.
Economic think-tank NCAER has said that service tax will go up by one per cent per annum in the next four years, following the government's decision to introduce goods and services tax from April 1, 2010.
NCAER says that in 2009-10, there should have been 3.8 million families with annual income of over Rs 10 lakh, a figure that is more than five times the 715,000 people who report income over Rs 8 lakh.
Posco-India, the Indian subsidiary of South Korean steel major Posco, would play a major role in powering Orissa's economy as per a recent study conducted by the National Council of Applied Economic Research.
With improved agriculture performance, Indian economy is projected to clock 7.6 per cent growth this fiscal, but inflation is likely to average at 5.9 per cent, economic think-tank NCAER said. \n
The Indian consumer goods industry holds huge potential for growth as affordability is increasing and size of the low income segment is shrinking, according to R K Shukla of National Council for Applied Economic Research.
Economic think-tank NCAER on Wednesday warned that lower agriculture growth would pull down average annual GDP growth to 6.7 per cent during 2002-07, as against the targeted 8.1 per cent
The National Council of Applied Economic Research, which had forecast the country's economy to grow by 8.5 per cent in 2007-08, has raised projection to 8.9 per cent on improved performance of agriculture and services sectors.In case of industry, although the investment climate continues to be strong, the slower growth of exports may be a dampening factor, but retained the growth in industrial sector unchanged at 9%.
Economic think-tank National Council for Applied Economic Research on Tuesday revised upwards the GDP growth forecast to 7.98 per cent in 2003-04 from its earlier projection of 7 per cent.
A recent survey revealed that 99.9 per cent of households in Chennai believe they are financially at risk due to ineffective saving habits and misplaced financial optimism.
The rupee appreciation would affect exports, which has been rising more than 20 per cent in the last 5 year, if there is no offsetting factor, economic think-tank NCAER said.
Three months down the line, the National Council of Applied Economic Research has revised its forecast for the gross domestic product growth rate this fiscal by 0.3 per cent to 5.83 per cent due to better prospects in industrial outlook.
Do you think that the number of rich in India is rising? Or is it that this is true only of big cities? Do you still feel Indians are poor?
NCAER has pegged the growth rate between 4.9 and 5.2 per cent, led by healthy projections in the industrial output and services sector.
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