India's annual rate of inflation based on wholesale prices rose to 6.55 per cent in February 2017 from 5.25 per cent in the previous month, official data showed on Tuesday.   According to the Wholesale Price Index (WPI) data released by the Commerce and Industry Ministry, the annual...
  • India's current account deficit is expected to see a 50 per cent rise to $30 billion in 2017-18 from $20 billion in the current fiscal on higher oil and gold imports, domestic rating agency ICRA said on Thursday.   "ICRA expects higher oil and gold imports to enlarge India's current...
  • American agency Fitch Ratings on Tuesday expressed surprise at the official Indian statistician's latest projection of 7 per cent GDP growth in the third quarter ended December, saying it contradicted data on real services activity hit by demonetisation.   "This number looks somewhat...

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    The Indian economy has been witnessing a flux of good news lately. The GDP growth for the October-December quarter stood at seven per cent, beating all expectations of the negative impact of demonetisation. Stock markets hit their highest in two years, and the rupee stood at a three-month...
  • India improved its ease of doing business ranking last year -- moving up from 131 to 130 in a list of 190 countries -- by reducing the average time taken to start an enterprise and secure a permanent electricity connection, according to 2016 World Bank data.   However, an IndiaSpend...
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