New York: Asserting that the fundamentals of the Indian economy are strong, Prime Minister Manmohan Singh has said GDP will improve in the second half of fiscal 2013-14 and that the government is com

New Delhi: With rupee again crossing 65-to a dollar mark, Finance Minister P Chidambaram on Tuesday said the currency is undervalued and hoped it will find its appropriate level.
"The rupee has overs

Singapore: On August 6, three weeks after the Reserve Bank of India (RBI) began engineering an increase in short-term money market rates to attract speculators, the Indian currency slid to a new reco

Mumbai: The RBI left interest rates unchanged on Tuesday as it supports a battered rupee but said it will roll back recent liquidity tightening measures when stability returns to the currency market,

Slow progress of economic reforms is expected to pull down India’s growth to 5.8 per cent in the 2013 calendar year from six per cent projected earlier, an Asian Development Bank (ADB) report said on Tuesday.

 
Mumbai: India's current account deficit narrowed to 3.6 per cent of gross domestic product in the first quarter of 2013, down from a record high in the previous quarter, data showed Thursday.
 
The

The services sector contributed a whopping Rs 2.98 lakh crore to Delhi’s GDP of Rs 3.65 lakh crore in 2012-13, retaining its position as prime driver of the city’s economy and reflecting sustained growth and buoyancy in the sector despite the slowdown.

Expressing disappointment over 5 per cent growth, World Bank today said the Indian economy will soon get back to high growth path of 6 per cent next year and more thereafter.

Finance ministry today said CSO’s economic growth projection of 5 per cent for the current fiscal is below expectations and the government will continue efforts to revive the economy.

India’s economic growth rate this fiscal is estimated to be sharply lower at 5 per cent, lowest in a decade, on account of poor performance of manufacturing, agriculture and services sector.