NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh warned on Saturday that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unveiled long-delayed reforms aimed at reviving growth and preventing a credit rating downgrade.

Singh said at a planning commission meeting to finalise investment targets for the five years to March 2017 that the government would aim for 8.2 percent annual growth over that period, down from an earlier target of 9 percent. He also outlined three potential scenarios at Saturday’s meeting.

NEW DELHI (Reuters) – After months of dithering on the economy, India’s beleaguered government roared back to life in dramatic fashion on Friday, announcing big bang reforms as part of package of measures aimed at reviving growth and staving off a ratings downgrade.

A day after sharply increasing the price of heavily subsidized diesel, the government said it was opening up its supermarket sector to foreign chains and would allow more foreign investment in airlines and broadcasters. It also approved the sale of stakes in four state-run industries.

NEW DELHI (Reuters) – India opened its supermarket sector to foreign chains on Friday after months of dithering, pushing ahead with the boldest reforms yet in Prime Minister Manmohan Singh’s government as it tries to revive the country’s tottering economic growth.

The move allows global firms such as Wal-Mart Stores(WMT.N: Quote, Profile, Research) to set up shop with a local partner and sell directly to consumers for the first time, which supporters say could transform India’s $450 billion retail market and tame inflation.

NEW DELHI, Sept 14 (Reuters) – India opened its supermarket
sector to foreign chains on Friday after months of dithering,
pushing ahead with the boldest reforms yet in Prime Minister
Manmohan Singh’s government as it tries to revive the country’s
tottering economic growth.

The move allows global firms such as Wal-Mart Stores
to set up shop with a local partner and sell directly to
consumers for the first time, which supporters say could
transform India’s $450 billion retail market and tame inflation.

NEW DELHI (Reuters) – The beleaguered government appeared poised on Friday to push ahead with fresh measures to revive the economy after months of dithering, even as it came under heavy fire from allies and opponents alike for raising heavily subsidized fuel prices.

A cabinet committee was due to consider a proposal to allow foreign airlines to buy shareholdings in local carriers and will also discuss selling stakes in large state-run companies such as Oil India. Another committee is due to speed up infrastructure project approvals.

NEW DELHI (Reuters) – India’s beleaguered government appeared poised on Friday to push ahead with fresh measures to revive the economy after months of dithering, even as it came under heavy fire from allies and opponents alike for raising heavily subsidized fuel prices.

A cabinet committee was due to consider a proposal to allow foreign airlines to buy shareholdings in local carriers and will also discuss selling stakes in large state-run companies such as Oil India. Another committee is due to speed up infrastructure project approvals.

NEW DELHI (Reuters) – The government raised the price of heavily subsidised diesel on Thursday to rein in its fiscal deficit and counter the threat of becoming the first of the big emerging economies to be downgraded to junk.

The long-awaited decision follows intense pressure on Prime Minister Manmohan Singh to plug one of the biggest drains on the treasury. It was greeted with elation by investors and raised expectations of more reforms to reverse an investment slump and revive a sluggish economy.

NEW DELHI, Sept 13 (Reuters) – India raised the price of
heavily subsidised diesel on Thursday to rein in its fiscal
deficit and counter the threat of becoming the first of the big
emerging economies to be downgraded to junk.

The long-awaited decision follows intense pressure on Prime
Minister Manmohan Singh to plug one of the biggest drains on the
treasury. It was greeted with elation by investors and raised
expectations of more reforms to reverse an investment slump and
revive a sluggish economy.

NEW DELHI (Reuters) – India’s industrial production barely grew in July, hurt by weak investment that has become the beleaguered government’s primary concern as it scrambles to revive a flagging economy with little help likely from the RBI in the short-term.

The data, released by the Central Statistics Office on Wednesday, showed output at factories, mines and utilities grew an annual 0.1 percent. Capital goods output, seen as a key indicator of future investment, slumped 5 percent.

NEW DELHI, Sept 12 (Reuters) – India’s industrial production
barely grew in July, hurt by weak investment that has become the
beleaguered government’s primary concern as it scrambles to
revive a flagging economy with little help likely from the
central bank in the short-term.

The data, released by the Central Statistics Office on
Wednesday, showed output at factories, mines and utilities grew
an annual 0.1 percent. Capital goods output, seen as a key
indicator of future investment, slumped 5 percent.