Newsmakers: Goldman Sachs sees India growth at 8%, retail inflation falls and more

Goldman Sachs pegs India growth at 8% on TEE's boost
India is likely to become the fastest-growing emerging market this year and its potential growth could rise to 8 per cent over the next five years driven by Technology, gains in Education and Ease of doing business due to less red tape, Goldman Sachs said on Monday. Terming these three factors as TEE's, the global brokerage firm said these could be the key drivers of growth and can contribute 3.6 percentage point to GDP growth annually.

FM Arun Jaitley urges US firms to invest more in infra
Promising the fairest tax regime and a stable policy environment, Finance Minister Arun Jaitley has invited US businesses to take advantage of the huge investment opportunity in the infrastructure sector and raise bilateral trade to $500 billion. The minister said global financial turmoil was not a problem for the country as the savings on account of declining oil and other commodity prices have helped the government earmark more funds for the infrastructure sector and social sector schemes.

Gujarat tops ease of doing business index
Gujarat was ranked on the top on Monday, among states, on the ease of doing business index prepared by the World Bank, while Andhra Pradesh and Jharkhand were placed at the second and third positions, respectively.

Retail inflation eases to 3.66 per cent in August
Retail inflation fell to a new low of 3.66 per cent in August due to a slower rate of price rise in vegetables, fruits and protein items, except pulses, which may prompt the Reserve Bank of India (RBI) to cut rates at its September 29 policy meet.

Sensex closes 246 points higher on fall in WPI inflation
Hopes of a rate cut by the apex bank on the back of strong macro economic data buoyed the Indian equities markets on Monday leading to the Sensex closing 246 points up. The better-than-expected wholesale price index (WPI) and a modest factory output data cheered investors.