Business Today: Business News, Latest Stock Market and Economy News India from
Growth favourable in India, reforms needed:IMF

The Washington-based Fund marginally lowered India's growth forecast to 7.3 percent this year, from its earlier estimate of 7.5 per cent, and said that a faster-than-expected deceleration in inflation provides leeway for modest cuts in interest rates.

Sensex ends 147 points up, Nifty a tad above 8,150

Gains were however muted as benchmark indexes saw technical resistance at their respective 200-day exponential moving average while profit-taking after four consecutive days of gains also weighed.

PM Narendra Modi

The GST, currently blocked in Parliament, was one of a range of business-friendly measures highlighted by Modi in a speech in tech hub Bengaluru, during a visit by German Chancellor Angela Merkel.

Nikkei survey said that manufacturing and service sectors witnessed sluggish rise amid softer demand conditions.

The Nikkei Business Activity Index, also fell from 51.8 in August to 51.3 in September as "tough economic conditions weighed on growth".

India is opening a mine a month as it races to double coal output by 2020

India has rejected any absolute cuts, arguing that its per capita emissions are far below the world average and that it needs to emit more as it grows to beat poverty.

Tue Oct 06 21:46:05 IST 2015
SME banne


Available on :