Economy stagnant, lack of direction in government: P Chidambaram

NEW DELHI: Former finance minister P Chidambaram today tore into government’s management of economy saying there is “complete lack of direction” with no command over situation and the economy is “stagnant”. Nineteen months into government, he also asked the BJP-led government where are the jobs and private investment promised by the party and Prime Minister […]

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India slashes economic growth forecast, to grow at 7.5% in FY16

India slashed its full-year economic growth forecast on Friday, weighed down by weak global demand and a drought that has created risks for farm output, but reiterated its commitment to narrow the fiscal deficit to an eight-year low. Asia’s third-largest economy is now expected to grow 7-7.5% in the fiscal year ending in March 2016, […]

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India is at a take-off stage; I invite you to be part of this change: PM Modi at ASEAN Summit

KUALA LUMPUR: With slew of measures putting back the economy on track, Prime Minister Narendra Modi on Saturday said reforms are “just a way station” to transforming India and vowed to provide a transparent and predictable tax regime as well as protection to Intellectual Property Rights. Speaking at the ASEAN Business and Investment Summit, he […]

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