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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India on track to stay among fastest growing economies: IMF

Observing that India'a near-term macroeconomic outlook is "broadly favorable", the International Monetary Fund (IMF) has said that the country is on course to hold its position as one of the fastest growing economies in the world.

UAE, Saudi Arabia can help India meet any oil deficit, says UAE envoy

Even as the US-imposed sanctions on Iran has put India’s energy security in jeopardy, United Arab Emirates Ambassador to India Ahmed Albanna has allayed fears of an oil shortage, saying his country as well as Saudi Arabia can fill in if supply from Iran is disrupted.

IMF cuts India's growth projection, but it still retains world's top spot

The International Monetary Fund (IMF) cut India's growth projections for this fiscal year to 7.3 per cent and for the next to 7.5 per cent on Monday, although the country will still retain its top spot in the global growth league.

India’s urban agenda one of the defining projects of 21st century: Minister

“India’s urban agenda will constitute one of the defining projects of the 21st century,” Housing and Urban Affairs Minister Hardeep Puri told the High Level Political Forum on Sustainable Development in New York on Wednesday.

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  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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