For the entire UPA regime, from 2005-06 to 2013-14, the average annual farm growth according to the GDP back series data is 3.8 per cent, which too is higher than the first four years of the NDA, though these two periods aren't comparable because one spans nine years and the other four.
'It's vital that over the next 10 years, that India, the US and the Artemis Accords family of nations come together to ensure that we not only return humanity to the moon, but that we build the technology that will allow us stay there permanently.' 'And then go on to Mars.'
The simple truth is that BRICs are still too small to be global locomotors unless they sustain double digit growth, which they manifestly can't in the present environment. Of course, the fact that the Asian BRICs are still expected to enjoy moderate growth in 2009, is itself testimony to their resilience in the face of global recession.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
Credit rating agency ICRA on Monday revised upwards its economic growth projection to 6.5-6.7 per cent following Budget announcements that are likely to boost investment in agriculture and manufacturing sectors.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
Asian Development Bank on Thursday pegged India's economic growth at 7.4 per cent for 2004 and said high growth is likely to be sustained in medium term.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mr Modi might have questions to ask himself on the most formidable strategic challenge before India that he inherited from the United Progressive Alliance: The triangulation between China and Pakistan. The failure to break out of it, or even loosen it a bit, is something to reflect on, notes Shekhar Gupta.
By splitting its business into separate verticals with dedicated portfolio heads, CavinKare looks to improve distribution and facilitate more launches in the future
With the declaration of results for the Tripura Assembly polls on Thursday, the Bharatiya Janata Party returned to power in the state by winning 32 seats and its ally Indigenous People's Front of Tripura (IPFT) winning one.
G20 summit noticeably lacked in responses to illicit financial flows, one of the largest drags on development worldwide
...or just a Covid-era practice, asks Ajit Balakrishnan.
The route to that target is clear in Sikka's mind.
For fast-moving consumer goods, growth is likely to be tepid.
'Investors need to have a fairly diversified basket of funds within equities.' 'We want them to allocate to largecap funds, midcap funds and flexicap schemes.'
The signal is that it is willing, but it is a bit open if it will be able to.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27 per cent to settle at 59,708.08 after it trimmed most of the intra-day gains. During the day, it had zoomed 1,223.54 points or 2 per cent to 60,773.44.
The rating agency expects the Reserve Bank of India to continue its accommodative monetary stance.
Here's the full text of address to the nation by President Droupadi Murmu on the eve of the Republic Day 2023.
Brushing aside criticism that the Budget was not growth-oriented, Finance Minister Jaswant Singh on Saturday said the focus on infrastructure and certain other sectors will provide "quick returns" for higher GDP growth and employment.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
'People trust India and Indians a lot more than they trust China and the Chinese.'
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
The survey revolving around poverty-related issues covered 5,000 people across the country.
Walmart, the world's largest retailer, has paid $1.4 billion to buy out US-based Tiger Global's investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart's valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan's SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny Bansal, and Accel now have all fully exited the e-commerce firm by selling their stake to Walmart.
'Every type of deal that US government officials were privately indicating 'hope' to have included a few months back made it in.'
"People in India are benefiting from the whole process of liberalisation," Finance Minister Arun Jailtey said.
The minister said this underlying resentment and pain of those countries regarding the global economy was building up for the last 15-20 years and the COVID-19 pandemic and the Ukraine conflict resulted in prices of energy and food items going up.
The high new GDP numbers are puzzling.
Expressing satisfaction with 9 per cent GDP growth in 2007-08 despite rise in crude prices and financial turbulence, Finance Minister P Chidambaram exuded confidence that the economy will expand close to 8.5 per cent in the current fiscal.
The Communist Party of India (Marxist) charged the United Progressive Alliance government with making a "wrong diagnosis" of the causes behind price rise and said the steps announced to control inflation would in fact stifle the high growth rate.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Most Asian markets ended with gains.
Prime Minister Narendra Modi's state visit to the US is expected to see discussion on India's possible entry into a US-led global alliance on critical minerals, officials told Business Standard. In June last year, the US, the European Union, and other G7 partners launched the Minerals Security Partnership to ensure that China did not further strengthen its grip on supplies of critical minerals the world over. Various ministries, including the Ministry of Finance, have communicated to the Ministry of External Affairs to explore the possibility of India joining the partnership, officials said.
The United Progressive Alliance government, in the recently announced Union Budget for 2004-05, indicated its thrust towards the rural economy and high investment for growth.
National Security Advisor Ajit Doval on Wednesday said that the Shanghai Cooperation Organisation members should respect the sovereignty and territorial integrity and seek no unilateral military superiority in adjacent areas.
Air India on Monday said it will progressively induct 30 new aircraft, including 5 wide-body Boeing planes, from December this year, as the Tatas-owned airline looks to boost its domestic and international services. The airline has signed leases and letters of intent for inducting 5 wide-body Boeing and 25 Airbus narrow-body planes over the next 15 months. "These new aircraft, which will enter service from late 2022, will increase the airline's fleet by over 25 per cent.
'They have got the advisory council, a CEO has been appointed finally, and they have made some headway on the term loan B.'
