Indian economy will expand 7.4 per cent in 2018, but the growth will slow down to 7.3 per cent in the next year as domestic demand tapers on higher borrowing cost due to rising interest rates, Moody's Investors Service said.
On the second anniversary of demonetisation, the Congress alleged it was the "biggest scam" of independent India that should be probed and asserted that the people will punish Prime Minister Narendra Modi for his "wreckless decision".
On the second anniversary of demonetisation, Aam Aadmi Party (AAP) convener and Delhi Chief Minister Arvind Kejriwal questioned the rationale behind the Modi government's note ban move and termed it as "a self inflicted deep wound" on the Indian economy.
Moody's Investors Service said larger emerging markets like India are expected to continue to tighten their monetary policies next year.
Asking Prime Minister Narendra Modi to apologise to the nation for demonetisation that "wrecked" the economy, the Congress said it will observe a nationwide protest on Friday to mark the second anniversary of the note ban.
Vice President M Venkaiah Naidu has asked the Zimbabwean companies to take advantage of the current high growth trajectory of the Indian economy, saying the business environment in the country is changing for the better.
India and other leading oil buyers will benefit from the waiver the United States has granted them from Iran sanctions, the South Asian nation’s oil minister said.
Indian shares clawed back earlier losses to end higher on Wednesday, bolstered by a rally in financial stocks after the country’s government stressed that the Reserve Bank of India has autonomy, calming investors worried about a growing public rift with the central bank.
The all-powerful GST Council, chaired by Finance Minister Arun Jaitley, has met 30 times and taken 918 decisions related to laws, rules and rates for the new tax regime within a span of just over two years, the Finance Ministry said.
The government Wednesday approved a scheme for setting up of Indian Institute of Skills (IISs) at different locations across the country in public private partnership (PPP).