”Indian economy” News

In Dubai slowdown, remittances under pressure

DUBAI (Reuters) – Shalu, a 33-year-old Indian, paid 50,000 Indian rupees ($1,000) to an agency which shipped him to a construction job in Dubai on what was to be a three-year contract. Last December he was laid off after just
01 13 2009 1:23AM (...more)

India's farmers struggle without crucial monsoon rains

Bamheta, India – The only thing growing in Jayabati's parched field this summer is a mound of cow-dung bricks that, once dried and hardened, will be used as cooking fuel. "No rain, no planting," says the weary-looking woman, who goes by one name, as she stands on the
08 26 2009 9:34PM (...more)

Nissan to shed 20,000 jobs as recession woes mount

TOKYO (AFP) – Auto giant Nissan announced plans Monday to axe 20,000 jobs worldwide as a result of the global downturn which looked set to push France into recession and forced a sharp fall in Germany's trade surplus. As
02 12 2009 2:06PM (...more)

India has room for more monetary, fiscal steps

NEW DELHI (Reuters) – India has room for more fiscal and monetary policy measures to revive its slowing economy and the government will act to protect growth in the
01 21 2009 7:01AM (...more)

Indian economy to grow by 7.8 pct in FY09 - ICRA

NEW DELHI (Reuters) - The Indian economy is expected to expand by 7.8 percent in the year to March 2009, slower than last year's 9 percent, domestic rating agency ICRA said in a report on Tuesday.
06 11 2008 3:18PM (...more)

Indian economy grew 9.0 pct in year to March 2008

NEW DELHI (AFP) - India's economy grew nine percent in the last fiscal year, second only to China among big economies, but the better than expected figure was overshadowed by a surge in inflation, data showed Friday.
05 31 2008 4:15AM (...more)

Millions living in darkness as Indian economy booms

UJJAINI, India (AFP) - Just an hour's drive from the bright lights of India 's financial and film capital of Mumbai , Vimal Madhkar, 28, spends her evenings in the dark coaxing fire from twigs so she can cook dinner.
02 7 2008 5:38PM (...more)

Indian economy on track despite global turmoil: analysts

NEW DELHI (AFP) - India's economy may lose a bit of steam in coming months but will remain on track for strong growth despite global market turmoil and mounting fears of a US recession, analysts say.
01 23 2008 6:31PM (...more)

Indian economy slows but still grows 8.9 percent

NEW DELHI (AFP) - India 's economic growth slowed to 8.9 percent in the second quarter, still second only to China, official data showed Friday, but analysts predicted a further weakening in the months ahead.
12 1 2007 3:39AM (...more)

Indian economy decelerates as rates and rupee bite

NEW DELHI (Reuters) - India 's annual economic growth dipped below 9 percent for the first time in three quarters in July-September as industrial output slowed, but analysts said the central bank's full-year forecast of 8.5 percent should be met.
11 30 2007 7:59PM (...more)