Economy and Business

Fitch raises India's FY19 GDP growth forecast to 7.8%

US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that tightening of financial conditions, global oil prices and accumulated bad loans of banks continued as headwinds to the country's growth.

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The great divide: How inclusive growth still eludes India

Inequality and lack of access to public goods and services has been the bane of Indian society for centuries. But never has it been as stark as it is today, with 10 per cent of India's richest families owning 56 per cent of the total national income, according to the World Inequality Report.

Bimstec envoys call for early conclusion of FTA

Ahead of the Bimstec Summit in Nepal this month-end, envoys of the seven-nation regional bloc on Monday called for early conclusion of negotiations for a Free Trade Agreement (FTA) among member-nations, which is hanging fire for 13 years.

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India’s ruling NDA regime will, no doubt, bask in the glow of regaining the world’s fastest-growing economy position according to the International Monetary Fund (IMF).

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Reiterating that his government is fully committed to promoting 'ease of doing business and ensuring robust economic growth, Prime Minister Narendra Modi has said it has taken several "affirmative actions" in the last four years in this direction.

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For creating an ecologically-friendly environment in Pakistan

  Unchecked urbanisation, overpopulation, tap water mixed with sewage water, raw industrial domestic effluents going straight into River Ravi without any cleansing process. Depleting ground water without adequate recharge of ground aquifers.

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Fitch raises India's FY19 GDP growth forecast to 7.8%

US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that ...

Read more...
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