India's FY12 GDP Growth Revised To 7.1%
The Prime Minister's economic advisory panel projected 7.5 to 8 per cent growth rate for the next fiscal and said the country can achieve a higher economic expansion if the global environment turns favorable.
"We might be able to achieve 8 per cent growth on our esteem , if the world environment is favorable, we will be able to achieve high growth rate," the Chairman of the Prime Minister's Economic Advisory Council (PMEAC), C Rangarajan, said.
Govt Releases Retail Inflation Numbers; CPI Up 7.65%
Inflation based on the all India Consumer Price Index stood at 7.65 per cent in January, as per the first nationwide retail inflation data released by the government on Tuesday.
While 'food and beverages' reported a moderate rate of price rise of 4.11 per cent year-on-year in January, the inflation numbers for fuel and light, and clothing, bedding and footwear segments were in double-digits.
Overall retail inflation in rural and urban areas stood at 7.38 per cent and 8.25 per cent in January, respectively.
While 'food and beverages' reported a moderate rate of price rise of 4.11 per cent year-on-year in January, the inflation numbers for fuel and light, and clothing, bedding and footwear segments were in double-digits.
Overall retail inflation in rural and urban areas stood at 7.38 per cent and 8.25 per cent in January, respectively.
India Least Resilient Bric Nation To Global Risks: Survey
Robust economic growth seems to have made little improvement to India's ability to withstand major external shocks, making it the most exposed and least resilient BRIC nation to the global risks.
According to a study conducted by risk analysis firm Maplecroft, India has been ranked as the 19th most exposed and least resilient country worldwide to the global risks.
On a list of 178 countries, Somalia has been named on the top with highest exposure and least resilience, while other BRIC countries, Russia, China and Brazil have been ranked 30th, 58th and 97th, respectively.
According to a study conducted by risk analysis firm Maplecroft, India has been ranked as the 19th most exposed and least resilient country worldwide to the global risks.
On a list of 178 countries, Somalia has been named on the top with highest exposure and least resilience, while other BRIC countries, Russia, China and Brazil have been ranked 30th, 58th and 97th, respectively.
January Consumer Price Inflation 7.65 Per Cent
Indian annual consumer price inflation touched 7.65 percent in January, higher than wholesale inflation for the period but still suggesting price pressures are moderating, adding weight to views that the central bank has room to cut interest rates.
The Reserve Bank of India signaled last month that it was ready to cut rates to stimulate a flagging economy if there was a sustained decline in inflation.
The wholesale price index, long India's main inflation gauge, eased to 6.55 percent over the year to January, the slowest rise since November 2009, data showed last week.
The Reserve Bank of India signaled last month that it was ready to cut rates to stimulate a flagging economy if there was a sustained decline in inflation.
The wholesale price index, long India's main inflation gauge, eased to 6.55 percent over the year to January, the slowest rise since November 2009, data showed last week.
Euro Zone PMIS Slide, Heightening Recession Fears
The euro zone's service sector shrank unexpectedly this month, reviving fears that the economy risks sinking into recession, a business survey showed.
The bloc's economy contracted 0.3 per cent in the dying months of 2011 so a second quarter of contraction would meet the technical definition of recession. A Reuter’s poll suggested it will probably wallow in a relatively mild downturn until the second half of this year.
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