NEW DELHI: The Asian Development Bank (ADB) has lowered India’s GDP growth forecast for the current fiscal to 7% from 7.4% it estimated in July, citing weakness in private consumption, manufacturing output and business investment. The latest growth projection is also lower than the 7.1% GDP growth recorded in 2016-17.
NEW DELHI: Tourism ministry's 'Incredible India' campaign received a fillip on Sunday with PM Narendra Modi — in his 'Mann Ki Baat' radio address — asking people to take pride in India's diversity and tour its farthest corners.
WASHINGTON: India is open to 100 per cent foreign direct investment (FDI) in defence if firms are willing to provide full technology transfer, a top Indian defence official has said as India and the US are set to enter a critical phase of co-development and co-production.
India was offering 5 percent broken parboiled rice this week at around $410 a tonne, free-on-board (FOB) from Kakinada port on the east coast.
MUMBAI (Reuters) - India's coffee output will likely fall to its weakest in eight years in 2017/18, with low rainfall hitting the development of crops and encouraging the spread of plant-consuming pests, said a senior official from one of the country's top industry bodies.
KOLKATA|MUMBAI: Reserve Bank of India appears to be giving highest emphasis on how to avoid the possibility of an illegal trade of currency notes as it prepares to introduce Rs 200 denominated bank notes for the first time in history.
MOSCOW: Russia's largest oil producer Rosneft said on Monday it had successfully closed a deal to buy a 49 per cent stake in private refiner Essar Oil Limited (EOL).
According to a survey, majority of Indians will go for Indian products since they are reliable despite the items being comparatively expensive than Chinese products.
UNITED NATIONS: India, projected to be the most populous country over the next decade, will be the world's largest milk producer by 2026 and will account for the biggest increase in wheat production globally, according to a report by the UN and OECD.
Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9 % in this financial year, says a report.