Economy

By Aditya Rao

By Priya Nigam

East is East, and West is West, and never the twain shall meet. Well, that’s what Rudyard Kipling said. Unfortunately, the “slowdown” monster emanating from the West seems to be digging its fangs into the Indian economy. It wasn’t too long ago when all we seemed to be talking about was the Indian stock market boom and the bright prospects of Asia's third-largest economy. Now, the stock market and the economy are unable to keep pace with expectations. And there is talk of a sharp slowdown in the Indian economy in the coming year.

By Vipin Agnihotri

By Vipin Agnihotri

HDFC is chartering an aggressive expansion plan to leave footprints in all districts in the most populous state of the country, Uttar Pradesh in a phased manner. The bank is all set to come up with hub and spoke model to reach out to its prospective rural clients. Neena Singh, executive vice president of the bank pointed this out in an exclusive chat to The India Street.

By Vipin Agnihotri

In the run for getting maximum Special Economic Zones (SEZs) sanctioned, the Indian government seems to have lost its sight on the Agriculture Economic Zones (AEZs). It is worth mentioning in this regard that the export figure from 60 AEZs in the past six years stands only at Rs 5316.31 crore against the target of Rs 11821.47 crore.

By Dhruva Jyoti Chowdhury

Kolkata, India: Land is a life long asset to the poor rural people an immovable asset that never undergoes depreciation. The plan of the government to withdraw intervention from this process of land acquisition may bring even worse affect for the society.

With experts concurring that India and China are lucrative markets for real estate, a comparison between the two countries is inevitable, writes Ravi Teja Sharma.

India and China are similar in many ways. Rapid GDP growth, huge urbanisation, growth in middle-class spends, a boom in housing, organised retail malls and a growing choice of products.

Although, India can today boast of its bullish economy which is growing more than 8.5% annually since 2003 but has brought with it a significant drop in number of consumers who are unable to carry the burden of rising prices anymore.

The situation has become worst with interest rates on loans hitting the sky, which has made it a Hercules task for borrowers to repay loans, which have been rising at a faster rate than incomes have risen.

New Delhi: India has joined the elite club of 12 countries with a trillion dollar economy, thanks to the continuing rally in rupee against the US dollar.

The country's GDP crossed the trillion-dollar mark for the first time in history when rupee appreciated to below 41-level against the US greenbackyesterday, Swiss investment bank Credit Suisse said in a report published onThursday.