Stephen Nagy, Assistant Professor, Department of Japanese Studies at The Chinese University of Hong Kong, says Japan is the ideal partner to provide the capital and technology investment that India needs.» Read More
NEW DELHI, Nov 29- India's economic growth probably picked up slightly in the September quarter, but weak investment levels have tempered hopes that strong rural demand and a rebound in exports will drive a sustained recovery ahead of elections due early next year. India's statistics office will release the data at 1200 GMT on Friday.
NEW DELHI/ SHIRDHON, India, Nov 28- Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbours eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest.
*Some diplomats blame India for last-minute backtracking. *India at risk of massive trade sanctions if Bali deal fails. GENEVA/ NEW DELHI, Nov 26- India may hold the key to the credibility of the World Trade Organization and to a trillion-dollar trade deal that apparently was derailed this week, diplomats in Geneva said on Tuesday.
*GDP data to be released on Nov. 29 at 1200 GMT. BANGALORE, Nov 26- India's economic growth likely picked up slightly in the July-September quarter as improved manufacturing activity steered it from a four-year low in the previous three months, a Reuters poll showed on Tuesday.
NEW DELHI, Nov 14- India's wholesale price index rose to an eight-month high in October, driven by costlier fuel and manufactured goods, raising the prospect of a fresh rate hike despite the central bank governor's soothing words earlier on core retail inflation.
NEW DELHI, Nov 12- Indian inflation is forecast to have risen to uncomfortable levels for policymakers in October due to stubbornly high food prices, adding to the pressure for further interest rate rises despite slowing economic growth.
NEW DELHI, Oct 25- India's finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of national elections, ministry officials say.
MUMBAI, Oct 15- Struggling sugar mills in India are seeking solace in producing ethanol from crushing sugarcane, as the government ramps up pressure on oil retailers to cut fossil fuel imports by blending gasoline with the biofuel.
NEW DELHI, Oct 14- Inflation in India unexpectedly hit a seven-month high in September as food prices climbed, increasing the odds for yet another central bank interest rate hike even as the economy stumbles through its worst crisis since 1991..
NEW DELHI, Oct 14- Tata Power's 1,050 Megawatt power station in the state of Jharkhand is a textbook case of the absurd results that India's 1970 s-era coal supply laws can produce, and why power utilities are lobbying the government to change them.
*India must tackle higher fuel and food subsidy bill "soon". * "No case" for a sovereign downgrade of India. P. Chidambaram told Reuters ahead of a trip to the United States- where one stop will be to woo investors on the West Coast- that he will not allow the deficit to cross a "red line" set at 4.8 percent of gross domestic product this fiscal year.
NEW DELHI, Oct 3- Indian banks will offer cheaper loans to stimulate demand for two-wheelers and other consumer durables as Finance Minister P. Chidambaram tries to pull the economy out of the worst slowdown in a decade ahead of national elections due by next May.
NEW DELHI, Sept 23- India's oil ministry wants to raise imports of Iranian crude- even though U.S. sanctions call for a cut- and has argued its case in a memorandum ahead of President Barack Obama's meeting with Prime Minister Manmohan Singh next week.
Federal Reserve's decision to press ahead with its asset-buying gives India's battered rupee a reprieve and creates space at a policy review on Friday for its central bank to scale back some of the measures put in place to support the currency.
MUMBAI, Sept 19- The aroma of frying onions from the Britannia and Co. restaurant might not penetrate the office of India's central bank governor Raghuram Rajan a block away, but like the eatery's customers, he can't escape the soaring price of the pungent vegetable.
MUMBAI, Sept 18- New Indian central bank chief Raghuram Rajan makes his first monetary policy statement on Friday with expectations he may scale back some of the emergency measures that have helped the rupee bounce from a record low.
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.
India's central bank is widely expected to make a modest cut in interest rates later on Tuesday to support an economy set for its slowest growth in a decade, with a deeper cut unlikely due worries over the fiscal and external deficits and inflation.
India's industrial output shrank in November after a spurt the previous month, denting hopes of a recovery in economic growth and strengthening the case for an interest rate cut later this month.