The Indian economy grew by 5.3 per cent in the July-September period of the current financial year (2012-13), pulled down by poor performance of manufacturing and agriculture sectors, showing persiste

Setting the stage for a difficult cost cutting at the Centre, Union finance minister P. Chidambaram on Wednesday said that the debt of a country must be sustainable and should be within the limits.

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The economy will turn the cornerin the next six months as the deceleration of the past several quarters has been arrested, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Monday.

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The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 per cent, down from 8.3 per cent in 2011, due to the fragile global economy.

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The International Monetary Fund will lower its forecasts for global economic growth to 3.3 per cent in 2012 and 3.6 per cent in 2013 from earlier forecasts of 3.4 per cent and 3.9 per cent respectivel

Moody's will retain its 'stable' outlook on India, expecting economic growth to improve on the back of consumer demand, although the country is still constrained by its fiscal deficit, an analyst at t

The country's growth rate is expected to pick up in the second half of this fiscal and reach 6.7 per cent for entire 2012-13, Prime Minister's Economic Advisory Council chairman C. Rangarajan said o

Despite the rash of reform steps announced over the weekend, Standard Chartered India on Monday sharply lowered its GDP growth forecast to 5.4 per cent for FY'13 from 6.2 per cent earlier, citing sl

HSBC cut its economic growth forecasts for fiscal 2013 and 2014 for India citing 'the lack of reform traction', a more 'challenging' global economic backdrop and expectations the Reserve Bank of India

In view of fragile economic recovery, Plan panel has decided to lower annual average economic growth rate to 8.2 per cent in the 12th Five Year Plan (2012-17) from 9 per cent envisaged earlier.

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