MUMBAI, India - Just two months ago, worried about their slowing economy, Indian officials were promising to promote policies to make the country more hospitable to foreign investment.Marwan...
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Economy, Manmohan Singh, Indian Economy, Western World, Global Economy, Indian Economy Growth Rates, India Business, National Development CouncilPrime Minister Manmohan Singh today said there was no need for pessimism over the fundamentally-strong Indian economy, with the current slowdown just a short-term phenomenon due largely to the ongoing turmoil in the Western world."The current slowdown is a...
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Business News, Indian Economy, Indian Economy Growth, India's Gross Domestic ProductDespite a relatively higher growth of 3.9 percent in farm output, the Indian economy grew at a lower rate of 7.7 percent in the first quarter of this fiscal, against 8.8 percent in the like period of last fiscal.Fresh data on the estimates of national income released today showed that the lower growth rate was mainly...
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News,Adi Godrej, Indian Economy,Indian Business, Confederation of Indian IndustryThe Indian economy and businesses are passing through difficult times due to lack of reforms and governance, but the sentiments are even worse than the reality, said Adi Godrej, chairman of the Godrej Group."The sentiment is even worse than the reality. Of course, the reality is also not good but the sentiment is even...
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Pranab Mukherjee, Reserve Bank of India, central bank, Indian economy, Indian rupee, Indian currency, capital inflowsHelped by fresh guidelines unveiled by the Reserve Bank of India, the Indian rupee rose in today trade on fresh selling of dollars.The rupee rose to 52.21 a dollar in early trade, climbing from the 53.52 level it had closed Thursday. Around 2.40 p.m. today, the rupee was trading at 52.82...
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DELHI, july 6 (bdnews24.com/Reuters) - India's commercial airplane market will reach $150 billion over the next 20 years, Boeing said on Wednesday, as a burgeoning middle class is expected to drive demand in Asia's third-largest economy.Indian carriers have orders worth $40 billion in the pipeline, as an economy growing at nearly 9 percent is spurring business travel and the middle class, long accustomed...
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gainst the backdrop of opposition to outsourcing in the developed world, mainly the US, Commerce and Industry Minister Anand Sharma on Thursday informed a delegation of the US Congressmen Indian firms are a major source of employment in the American economy.Indian industry, particularly the IT sector has been concerned over increasing resistance to outsourcing in the developed world.Sharma said the...
Source : Rediff
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263 Day(s) Ago
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Banking Sector, Pranab Mukherjee, Global Economic Turmoil and Indian Economy, Indian Banking SystemReacting to the rating agency Moody's decision to downgrade India's banking sector to negative, Union Finance Minister Pranab Mukherjee on Sunday said the international community need not be worried about the health of the sector."The international community need not be unnecessarily worried about the...
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downgrading of US sovereign debt rating will have cascading effect on markets across the world and could slow down foreign direct investments (FDIs) into India, industry body Assocham said today.With talks of a double dip recession in the world's largest economy, Indian exports are also likely to be impacted, the chamber said."The IT industry too will feel the heat as uncertainty and negative sentiments...
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trade.Boeing India President Dinesh Keskar poses with a model of Boeing 787 during a news conference in New Delhi July 6, 2011.(Reuters) - India's commercial airplane market will reach $150 billion over the next 20 years, Boeing said on Wednesday, as a burgeoning middle class is expected to drive demand in Asia's third-largest economy.Indian carriers have orders worth $40 billion in the pipeline, as...
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