Terming decline in economic growth rate to nine-year low of 6.5 per cent in 2011-12 as 'disappointing', Finance Minister Pranab Mukherjee on Thursday said the government will take 'necessary steps'

Analysts at Goldman Sachs and Bank of America-Merrill Lynch cut their growth forecasts for India, following up on a Morgan Stanley downgrade earlier this week that had sparked much concern in domestic

India is projected to see a faster growth of 7.5 per cent this fiscal on the back of higher savings and investment rates, even as most of the Asia-Pacific economies are likely to expand at a slower

The Indian government is committed to bringing down subsidies to below two per cent of the country's gross domestic product (GDP) in the current fiscal and cut it further to 1.75 per cent in the next

India's central bank has projected the country's economic growth at 7.3 percent this fiscal, even as it has assessed the inflation rate to rule at around 6.5 percent by end-March, 2013.

"The global o

India is expected to grow at 6.1 per cent in calendar year (CY) 2012, similar to the pace recorded in Q4 2011, the Ernst & Young's quarterly Rapid Growth Markets Forecast (RGMF) released here said.

A brand new development paradox has been unveiled in the Economic Review 2011 released by finance minister K.M. Mani on Saturday. The figures thereof reveal that a soaring state gross domestic product

India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed on Thursday.

"India has emerged as the fou

Though Indian banks' exposure to the troubled euro zone is negligible, funding pressure could impact them, Economic Survey 2011-12 today said.

"The recent regulatory prescriptions for European banks

Facing an economic down turn due to steady fall in exports, China for the first time in seven years projected a lower growth, scaling down its GDP growth target to 7.5 per cent in 2012 from last year'