Matthias's Feed
Dec 9, 2011

Govt cuts growth f’cast, warns on balance of trade, deficit target

NEW DELHI (Reuters) – India slashed its full-year growth forecast on Friday amid slowing domestic and global demand, with officials warning the government was facing a serious balance of trade problem and will have a tough time meeting its fiscal deficit target.

Asia’s third-largest economy is now expected to grow by 7.25 to 7.5 percent in the fiscal year ending next March, the government said in a mid-year review, down sharply from an estimate of 9 percent issued in February.

Dec 9, 2011

India cuts growth forecast, warns on balance of trade, deficit target

NEW DELHI, Dec 9 (Reuters) – India slashed its
full-year growth forecast on Friday amid slowing domestic and
global demand, with officials warning the government was facing
a serious balance of trade problem and will have a tough time
meeting its fiscal deficit target.

Asia’s third-largest economy is now expected to grow by 7.25
to 7.5 percent in the fiscal year ending next March, the
government said in a mid-year review, down sharply from an
estimate of 9 percent issued in February.

Dec 8, 2011
Dec 6, 2011
Dec 6, 2011
Dec 1, 2011

Business tycoons tweet frustration amid political rows

NEW DELHI (Reuters) – Ratan Tata on Thursday joined a growing list of business tycoons to vent their frustration at the wrangling and perceived policy footdragging among the country’s politicians that they say could hold back the country’s economic rise.

Shouting matches and walkouts over a reform to allow foreign retailers into India’s supermarket sector have shut down parliament for the past week. Some commentators now fear Prime Minister Manmohan Singh could roll back or water down one of his biggest reforms in years due to political pressure.

Dec 1, 2011

Indian tycoons tweet frustration amid political rows

NEW DELHI, Dec 1 (Reuters) – India’s Ratan Tata on
Thursday joined a growing list of business tycoons to vent their
frustration at the wrangling and perceived policy footdragging
among the country’s politicians that they say could hold back
the country’s economic rise.

Shouting matches and walkouts over a reform to allow foreign
retailers into India’s supermarket sector have shut down
parliament for the past week. Some commentators now fear Prime
Minister Manmohan Singh could roll back or water down one of his
biggest reforms in years due to political pressure.

Nov 29, 2011
Nov 29, 2011
Nov 29, 2011

India weakens retail reform as opposition grows

NEW DELHI, Nov 28 (Reuters) – India’s government
appeared to be backtracking on Monday over a move to allow
foreign supermarket giants such as Wal-Mart to enter Asia’s
third-largest economy, as political opposition grew over one of
the most far-reaching economic reforms in years.

Powerful chief ministers of several government-allied states
and some legislators within the ruling Congress party are
pressing the government to reverse the decision, which was
announced only late last week.