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Economy
We had GST (goods and services tax). We had IBC (insolvency and bankruptcy code). All these reforms have been implemented in last three years. And as a result, we are in a transition period. A lot of cleanup has happened in the corporate sector, said SBI Chairman Rajnish Kumar. (Photo: File)
Indian economy in transition phase, growth to come back: SBI Chairman
24 Oct 2019 12:37 PM

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

Our economy is like any other economy in the world... challenges have grown (in recent times), said Minister Piyush Goyal. (Photo: File)
Economic slowdown cyclic in nature; right time to invest in India: Goyal
15 Oct 2019 5:21 PM

Our economy is like any other economy in the world... challenges have grown (in recent times), said Minister Piyush Goyal.

India’s industrial output also shrank at its fastest rate in more than six years in August. (Photo: AP)
World Bank slashes India's growth forecast to 6 per cent for this fiscal year
14 Oct 2019 9:16 AM

Asia’s third-largest economy is currently growing at its slowest pace in 6 years, expanding by just 5 pc in the April-June quarter.

The industry group 'manufacture of motor vehicles, trailers and semi-trailers' showed the highest negative growth of minus.
Industrial production slips by 1.1 per cent in August
12 Oct 2019 1:04 PM

Manufacturing sector contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019.

I am not saying boisterous or we are going to have a runaway boom. I am saying that as we are moving ahead, growth will move higher from where it is. We are probably at the trough, Puri said. (Photo: File)
Growth reaches a trough; to start improving by Jan: Aditya Puri
06 Oct 2019 6:25 PM

A few companies, especially with exposure to the realty space, may face problems in the future, said HDFC's Aditya Puri.

Reserve Bank of India's Monetary Policy Committee decided to cut benchmark lending repo rate by 0.25 per cent to 5.15 per cent in a bi-monthly meeting in Mumbai on Friday.
RBI cuts repo rate by 0.25 per cent to support growth
04 Oct 2019 12:10 PM

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

According to the survey, new work intakes contracted in September, after an 18-month sequence of expansion. (Photo : Representational)
Due to weak demand, India's services sector activity contracts in Sep: PMI
04 Oct 2019 11:52 AM

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

In the last five years, the economy has grown at about 7.5 per cent. The country's growth rate of 8.1 per cent in the last quarter of 2017-18 has fallen to 5 per cent in April-June, 2019-20, Kant said at a World Economic Forum event in New Delhi on Thursday. (Photo: File)
Many more structural reforms in offing to propel growth: Kant
03 Oct 2019 3:40 PM

I think many more structural reforms are in the offing. The government has pushed for disinvestment, said the Niti Aayog CEO.

The US and China have been fighting a trade war raising tariffs on billions of dollars of items exported from each other. (Representational Image)
Greater economic uncertainty due to US China trade war, warns Singapore Dy PM
03 Oct 2019 12:12 PM

He asserted that monetary and fiscal policies can 'stabilise' the global economy but structural policies need to be brought in.

the country has a strong startup ecosystem aThe recent policy measures announced by the government would further help to bring investments.
Favourable conditions exist to achieve USD 5 trillion economy target: official
03 Oct 2019 11:46 AM

The WEF would further give government ideas in order to get moving forward.

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