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Indian digital economy trillion DEA

Indian digital economy will touch $1 trillion-mark by 2022: DEA Secy

Economic Affairs Secretary Subhash Chandra Garg on Saturday said that India’s digital economy is expected to touch a $1 trillion mark by 2022.  Garg in the Platinum Jubilee Celebrations of the Institute of Cost Accountants of India (ICAI) said on last evening, “”We expect the Indian economy to be a $1 trillion digital economy by

'GST a gamechanger for economy, teething troubles expected'

‘GST a gamechanger for economy, teething troubles expected’

New Delhi, Oct 26, GST gamechanger : The introduction of GST is bound to be a “gamechanger” for India’s economy despite the expected initial hiccups, which are being addressed by the government, a top official said today.“Implementation of GST this year is going to be a gamechanger for the economy and logistics. The teething troubles

India carried out structural reform at the right time: Jaitley

During an event in United States, Finance Minister Arun Jaitley said that due to some structural changes and changes in the global economy, India has the ability to move forward at a faster pace for the next two decades.Due to the changes in opportunities to invest in infrastructure sector, infrastructure reforms and changes in the

India has to grow faster, running against time: Jaitley

India has to grow faster, running against time: Jaitley

India needs to grow at a faster pace, Finance Minister Arun Jaitley has said, while asserting that there was public support for the government’s reform initiatives despite the difficulties arising from implementing GST, for instance.”The obvious challenge to the country is to grow and grow fast. It has to grow at a much higher rate

Jakhar flays Modi govt for ruining farmers, destroying economy

Punjab Congress president and Gurdaspur nominee Sunil Jakhar has lashed out at the Modi government for its anti-farmers policies, saying its decision to impose GST on agricultural tools and other similar measures had further broken the backbone of the beleaguered farmers of the state. Addressing a series of worker meetings here here on Tuesday, Jakhar said

Australia, Sri Lanka discuss border protection, economy

Canberra: Australian Prime Minister Malcolm Turnbull on Wednesday discussed in a meeting with his Sri Lankan counterpart Ranil Wickremesinghe the border security and economy. Turnbull on Wednesday met Wickremesinghe to celebrate 70 years of diplomatic relations between the two nations, Xinhua news agency reported. Aside from signing two new agreements, Turnbull said the two nations

Indian economy grew 7.1% in first half of fiscal: Sitharaman

New Delhi: The Indian economy grew at 7.1 per cent in the first half of the current fiscal, despite subdued growth in the global economy, Parliament was informed on Monday. “Despite subdued growth in the world economy, India has maintained a GDP growth rate of 7.2 per cent in 2014-15, 7.6 per cent in 2015-16,

Modi shifting debate from black money to cashless economy: AAP

New Delhi: Prime Minister Narendra Modi is shifting the debate from black economy to cashless economy following demonetisation, Delhi’s ruling AAP said on Monday. At a “public dialogue” on the issue at Connaught Place here, Aam Aadmi Party leader Dilip Pandey said the demonetisation move had turned from a “Tughlaki farman” to a “Talibani farman”.


Demonetisation to have positive impact on economy: Jaitley

New Delhi: Finance Minister Arun Jaitley on Thursday said the government’s demonetisation move is going to have “a positive impact on the economy, including GDP”. “The steps that the government had taken were the right steps which were being implemented in the right manner. As far as the Indian economy is concerned, including on India’s

India aims to be world’s most open economy: PM

Tokyo: Prime Minister Narendra Modi today invited Japanese investments, saying India has a huge and substantial need for finances and his government was pursuing reform policies to make the country the world’s “most open” economy. Addressing business leaders at the India-Japan Business Leaders’ Forum, he mentioned progress on GST and talked about other reforms in

Indian economy needs a strong push: President

New Delhi: Sharing with the students his experience in politics of India post-Independence, President Pranab Mukherjee on Monday stressed on social performance for economic growth of the country. Speaking on India’s security issues, Mukherjee explained the factors that had transformed India since its Independence. He also pointed out what was required in order to make

Economy of country sliding down sharply for last 2 years: FOPSIA

Ludhiana:President of Federation of Punjab Small Industries Association (FOPSIA), Badish Jindal, has said amid lot of boasting about the policies and slogans like make in India skill India the economy of India is sliding down sharply for last two years. In a statement here on Thursday, he added the Ministry of Commerce’s own data disclosed

GST to lead to expansion in economy: capt

Chandigarh: Haryana Finance Minister Capt Abhimanyu said that the implementation of the Goods and Services Tax (GST) in the country would lead to expansion of the economy, check tax evasion and bring about uniformity and transparency in tax system. The Minister was speaking at the two-day National Convention for Chartered Accountancy (CA) students at Guru

Rajan’s ‘structural changes’ to benefit economy: India Inc 

New Delhi: Concerned that RBI GovernorRaghuram Rajan is leaving at a “tumultuous” time, India Inc today said global factors are posing multiple risks to India’s economic stability, even as it hoped the structural changes by the apex bank chief will yield positive results going forward. Industry body Assocham expressed hope that Rajan will be persuaded

India set to become $10 trillion economy: Kant

New Delhi: India will become $10 trillion economy and achieve growth rate of 10 per cent by 2032, Niti Aayog Chief Executive Officer Amitabh Kant said on Thursday. The country’s growth rate is 7.6 per cent in 2015-16 and its economy is $1.7 trillion. In a presentation made during Civil Services Day function attended by