The government on Tuesday estimated 6.9 per cent economic growth for the current financial year. Earlier predictions had ranged 7-7.5 per cent. The economy had grown 8.4 per cent last financial year.

The glass is half full again for Asia's economies. Some economists have begun downplaying the darkest of the worst-case scenarios for Asia now that Europe appears to be muddling through its debt

Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011. Dig a little deeper, and problems afflicting Asia's

The finance minister said on Tuesday he expects an upward revision of the advance GDP growth estimate of 6.9 percent for the 2011/12 financial year ending in March, when the full data becomes

India's economic growth may dip below 7 percent in the current fiscal year, the slowest pace since the 2008 financial crisis, restrained by the Reserve Bank's inflation-fighting campaign and

India is facing challenges to keep its stable rating outlook with high inflation, weak fiscal position and slower economic growth weighing, Standard & Poor's rating service said on Monday."The

The government needs to commit to fiscal consolidation for supporting growth, Subir Gokarn, a deputy governor at the country's central bank, said on Monday. Gokarn said that reining in fiscal deficit

American economist Jeremy Rifkin's book, 'The Third Industrial Revolution', promises to change the world in a collaborative, democratic manner. The end of the cheap oil-coal-gas era is drawing nigh

To align the annuity outgo by the National Highways Authority of India (NHAI) with inflation, the government is likely to link the payments to the wholesale price index (WPI). Currently, the payments

Chinese Premier Wen Jiabao raised hopes in Europe when he pledged to consider deepening Chinese participation in European bailout funds, but there is little indication that China is prepared to go out