The logistics sector grows at rates faster than GDP, and investment in logistics infrastructure needs to be made 10 years ahead of requirement,
Tag: GDP
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Minister hopes economy may grow 6%
Finance minister P Chidambaram expressed confidence that the economy will grow at 6 percent in 2013-14. It may be recalled that the Central Statistical Organisation (CSO) expects the economy to expand at 5 percent in 2012-13. The minister said he would ask public sector companies to submit their annual investment plan for the nex
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India’s GDP grows at 4.5% in December 2012 quarter
India's gross domestic product (GDP) grew at a tepid rate of 4.5 per cent during Oct-Dec 2012, data released by government's statistics department shows. The GDP had grown 6 per cent in the year-ago period. During October-December quarter of 2012-13, manufacturing sector grew marginally by 2.5 per cent, against 0.7 per cent growth in the same period of 2011-12. Far
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Survey suggests govt to take steps to boost gas output
Economic Survey 2012-13 suggested government to take measures to boost natural gas output in the country. It may be noted that the average natural gas production in 2011-12 declined 1 percent to 130 million metric standard cubic metre per day from the previous year
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We need more specialised infrastructure funding institutions
We would like to continue infrastructure lending by cherry-picking good and viable projects promoted by parties with proven track records, says HS Upendra Kamath, Chairman and Managing Director, Vijaya Bank
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Survey expects rebound in economy in 2013-14
The Economic Survey for 2012-13 expects the Indian economy to grow between 6.1 and 6.7 per cent in 2013-14, which is higher than the advance estimate of 5.0 percent growth in the current financial year. The survey has
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RBI survey expects 5.5% economic growth in FY13
According to a survey sponsored by the Reserve Bank of India (RBI), the Indian economy may expand at 5.5 per cent in 2012-13, lower than the government's revised annual growth estimate of 5.7 per cent. It may be noted that the RBI had earlier projected a growth rate of 5.8 per cent for 2012-13. The Indian econ
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RBI cuts repo rate to support economic growth
Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect in its third quarter review of monetary policy 2012-13. In order to infuse liquidity into the banking system, the central bank also reduced the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per
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Infrascape 2013 | PPP is the way forward
Realising the importance of nation building, our planners and policy makers are targeting a whopping US$ 1 trillion of infrastructure investments durÂing the XII Plan period. With the combined Central and State deficit at over ~11 per cent of GDP, and national debt at close to 90 per cent of GDP, government finances are seveÂrely constrained.
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Quality Infrastructure a catalyst to Vibrant Gujarat
Gujarat is known as a land of entrepreneurs where development is given special importance. Its state-of-the-art infrastructure ensures stable growth which also attracts heavy investments for the state, writes Maheshwar Sahu. Infrastructure is the foundation for any industrial and inclusive socio-economic development. No country or a state can make holistic progress or attract foreign and national investments unless it offers quality infrastructure to support the growth.