India’s economic slowdown is temporary, situation will improve going ahead, says IMF chief

Kristalina Georgieva said the IMF expects the momentum in the Indian economy to improve in the coming months.

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· Yesterday · 06:07 pm

IMF lowers global growth projection for 2020-’21 due to sharp slowdown in India

The monetary fund said the Indian economy is projected to grow 4.8% in 2019-'20. In October, it had predicted an expansion of 6.1%.

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· Jan 20, 2020 · 08:54 pm

Amazon promises to create 1 million jobs in India by 2025 day after Union minister snubs Jeff Bezos

On Wednesday, Bezos had promised that the e-commerce giant would invest $1 billion. Union Commerce Minister Piyush Goyal said this was ‘not a favour to India’.

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· Jan 17, 2020 · 06:02 pm

Amazon is not doing India any favour by investing $1 billion, says Piyush Goyal

The Union minister told e-commerce entities not to find loopholes in Indian legislation and instead follow the letter and spirit of the law.

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· Jan 16, 2020 · 06:33 pm

‘This is going to be India’s century,’ says Jeff Bezos, announces Amazon’s investment plans

The e-commerce giant will spend $1 billion to digitise small and medium businesses, and export $10 billion worth of ‘Make In India’ goods by 2025.

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· Jan 15, 2020 · 01:34 pm

‘Back-breaking inflation, unemployment has created financial emergency,’ says Rahul Gandhi

The Congress party demanded that the prime minister convene a meeting of all parties and present a roadmap to tackle inflation.

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· Jan 14, 2020 · 10:17 pm

‘Economy is a disaster and a basket case, PM Modi should tell students why,’ says Rahul Gandhi

The Congress leader accused Modi of pursuing a policy of ‘distract and divide’, which he said was the ‘biggest disservice to the nation’.

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· Jan 13, 2020 · 09:58 pm

Industrial production recovers, grows by 1.8% in November, shows government data

The mining sector grew by 1.7%, manufacturing by 2.7% and electricity by minus 5% in November 2019, compared to the same month in 2018.

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· Jan 10, 2020 · 07:47 pm

Current account deficit improves to 0.9% of GDP in July-September quarter, says RBI

Experts claimed that the improvement in current account deficit was not sustainable.

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· Dec 31, 2019 · 09:27 pm

IMF says India is facing significant economic slowdown, growth projections likely to be slashed

In its annual report, the directors of the world body urged the Narendra Modi government to take urgent policy actions to address the current downturn.

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· Dec 24, 2019 · 10:37 am

India’s slow economy ‘is in intensive care’, says former economic advisor Arvind Subramanian

The economist blamed the fall in investments and exports for the current situation.

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· Dec 14, 2019 · 05:53 pm

Finance ministry lists steps taken to boost economy, Sitharaman says results have begun to show

Chief Economic Advisor KV Subramanian said the government was focusing on increasing consumption to boost growth.

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· Dec 13, 2019 · 07:45 pm