Manoj's Feed
Feb 28, 2014

Indian GDP number disappoints before election

NEW DELHI, Feb 28 (Reuters) – Contracting industrial output
and an investment slowdown dragged India’s economic growth to a
worse-than-expected 4.7 percent in the three months to December,
the last major data release before a general election showed on
Friday.

The performance of Asia’s third-largest economy fell short
of the 4.9 percent growth that had been expected in a Reuters
poll of economists, and decelerated fractionally from the prior
quarter.

Feb 28, 2014

Weak industry, investment to cap Oct-Dec GDP growth

NEW DELHI (Reuters) – Contracting industrial output and an investment slowdown likely capped India’s economic growth below 5 percent in the three months to December, despite a pickup in exports and farm output.

Asia’s third-largest economy is expected to grow by 4.9 percent in the quarter from a year earlier, in line with expectations for the fiscal year to March and a shade up on the 4.8 percent pace in the preceding quarter, according to a Reuters poll of economists.

Feb 28, 2014

Weak industry, investment to cap India Oct-Dec GDP growth

NEW DELHI, Feb 28 (Reuters) – Contracting industrial output
and an investment slowdown likely capped India’s economic
growth below 5 percent in the three months to December, despite
a pickup in exports and farm output.

Asia’s third-largest economy is expected to grow by 4.9
percent in the quarter from a year earlier, in line with
expectations for the fiscal year to March and a shade up on the
4.8 percent pace in the preceding quarter, according to a
Reuters poll of economists.

Feb 27, 2014

India’s Modi signals shift in favour of big retail

NEW DELHI, Feb 27 (Reuters) – Indian opposition candidate
for prime minister Narendra Modi said on Thursday the country’s
millions of family-owned traders must learn to work with large
modern stores and online retailers, in comments that could
signal a shift in thinking.

Modi’s Bharatiya Janata Party (BJP) opposes a policy to
allow foreign supermarkets to open in India, which it says is a
threat to millions of grocery stores and traders who are a
backbone of the party’s support.

Feb 27, 2014

Modi tells small traders to rise to challenge of big retail

NEW DELHI (Reuters) – Opposition candidate for prime minister Narendra Modi said on Thursday India’s millions of family-owned traders must learn to work with large modern shops and online retailers, in comments that could signal a shift in thinking.

Modi’s Bharatiya Janata Party opposes a policy to allow foreign supermarkets to open in India, which it says is a threat to millions of grocery stores and traders who are a backbone of the party’s support.

Feb 27, 2014

India’s Modi tells small traders to rise to challenge of big retail

NEW DELHI (Reuters) – Indian opposition candidate for prime minister Narendra Modi said on Thursday the country’s millions of family-owned traders must learn to work with large modern shops and online retailers, in comments that could signal a shift in thinking.

Modi’s Bharatiya Janata Party opposes a policy to allow foreign supermarkets to open in India, which it says is a threat to millions of grocery stores and traders who are a backbone of the party’s support.

Feb 25, 2014

India to block U.S. trade probes, ready for fight at WTO

NEW DELHI (Reuters) – India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization (WTO), a move that could escalate already-strained tension between the two countries.

New Delhi is furious about a threat of trade sanctions made by the U.S. Trade Representative’s (USTR) office over its protection of intellectual property rights (IPR), preference for domestic producers and non-trade barriers.

Feb 18, 2014

FM says RBI must abide by government focus on growth

NEW DELHI (Reuters) – The finance minister chided the central bank on Tuesday over its focus on fighting inflation, saying the Reserve Bank of India (RBI) also needed to abide by the government policy to promote economic growth.

The comments by P. Chidambaram came after a central bank panel last month recommended making managing inflation its main policy objective, with a goal to explicitly target consumer price inflation of 4 percent, with a 2 percent band on either side.

Feb 18, 2014

India’s fin min says central bank must abide by govt focus on growth

NEW DELHI (Reuters) – India’s finance minister chided the central bank on Tuesday over its focus on fighting inflation, saying the Reserve Bank of India (RBI) also needed to abide by the government policy to promote economic growth.

The comments by P. Chidambaram came after a central bank panel last month recommended making managing inflation its main policy objective, with a goal to explicitly target consumer price inflation of 4 percent, with a 2 percent band on either side.

Feb 18, 2014

India’s fin min says c.bank must abide by govt focus on growth

NEW DELHI, Feb 18 (Reuters) – India’s finance minister
chided the central bank on Tuesday over its focus on fighting
inflation, saying the Reserve Bank of India (RBI) also needed to
abide by the government policy to promote economic growth.

The comments by P. Chidambaram came after a central bank
panel last month recommended making managing inflation its main
policy objective, with a goal to explicitly target consumer
price inflation of 4 percent, with a 2 percent band on either
side.