Government aiming at 9% GDP growth this year: Arun Jaitley

Government of India plans to increase public expenditure in physical, social and rural infrastructure to boost economic growth to 9 per cent as compared to the 7-7.5 per cent growth expected for 2015-16, as per Mr Arun Jaitley, Minister for Finance, Government of India.

India witnesses firming economic growth, as per OECD

India is witnessing firming economic growth while most of the developed economies are seeing mixed trends, as per Paris-based think tank Organisation for Economic Cooperation and Development (OECD) based on the assessment of Composite Leading Indicators (CLIs) that are designed to anticipate turning points in economic activity relative to trend.

Government approves five proposals of Foreign Direct Investment (FDI) amounting to Rs 6,050 crore approximately

The Government of India approved five foreign investment proposals based on the recommendations of Foreign Investment Promotion Board (FIPB), amounting to Rs 6,050 crore (US$ 902.45 million), including the proposal of Cadila Healthcare Ltd for fresh equity infusion of Rs 5,000 crore (US$ 745.82 million).

PwC report expects India expected to be a 'star performer'

India is expected to grow at 7.7 per cent in 2016, making it the only country among emerging market economies to grow faster than its long term average growth rate, according to a report by PwC.

Indian businesses are most optimistic about economic recovery in 2016: Grant Thornton Survey

India has retained its top ranking in terms of business confidence in Q4 2015 as 89 per cent of Indian businesses have shown confidence in the stable government and are most optimistic about economic recovery in 2016, according to the Grant Thornton International Business Report (IBR).

India, a large economy with promising economic outlook: Arun Jaitley

Mr Arun Jaitley, Minister of Finance, Government of India expressed confidence in the on-going economic and structural reforms being undertaken, and expected its impact to be visible in economic growth in the near future, thus reinforcing India as one the few growing economies in the world with an optimistic economic outlook

Double digit growth continues for passenger vehicles

Indian auto companies have registered growth of 10.46 per cent sales in passenger vehicles during December 2015, compared to December 2014, as a result of new launches and relatively lower cost of ownership due to declining fuel prices.

Government adopts new model to implement PPP projects, to take up infrastructure projects on hybrid-annuity mode

Government of India plans to use the new hybrid-annuity model for allocating contracts under the Public Private Partnership (PPP) projects in highways, Namami Gange and railway projects, which will help overcome the challenges faced by private developers in the Build-Operate-Transfer (BOT) Toll and BOT-Annuity models.

At 7.64% growth, India fastest growing passenger car market

India's passenger car sales during January-November 2015 increased at a rate of 7.64 per cent, making it the fastest growing market among top eight largest auto markets in the world, with the higher demand being driven by improved economic conditions.

Indian retail seen doubling by 2020: CII-BCG study

Indian retail sector is expected to double to US$ 1.1-1.2 trillion by 2020 from US$ 630 billion in 2015, driven by trends such as rising income levels, rapid urbanisation and higher per capita consumption, as per a study by industry lobby Confederation of Indian Industry (CII) and consulting firm The Boston Consulting Group (BCG).

CCI simplifies norms for mergers and acquisitions filings

The Competition Commission of India (CCI) has amended its regulations on transaction of business and has omitted certain regulations, to provide clarity and ease procedure of filing cases with the regulator.

India-Korea Business summit: Make in India gets a leg up from South Korean honchos

South Korean business conglomerates, such as Hyundai Motors, Samsung Electronics, LG Electronics, Doosan, Kumbo Asiana, Lotte and OCI, have participated in the India Korea Business Summit being held on January 14-15, 2016 to explore the 'Make in India' initiative by combining South Korea's manufacturing capabilities with Indian skills.