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Indian Economy

Investors react as they watch the stock prices on a digital screen, at BSE building in Mumbai. Sensex surges 1,921.15 pts to end at 38,014.62; Nifty zooms past 11,200 after Finance Minister Nirmala Sitharaman announced a slew of measures to revive the ailing economy.

PTI Photo/Mitesh Bhuvad

Piyush Goyal, Minister of Railways and Coal speaks at the India Economic Summit 2017 in New Delhi.

PTI Photo / World Economic Forum

Deepika Padukone, Founder, The Live Love Laugh Foundation, India speaks at the India Economic Summit 2017 in New Delhi.

PTI Photo / World Economic Forum

Karan Johar, Head, Dharma Productions, India at the India Economic Summit 2017 in New Delhi.

PTI Photo / World Economic Forum

Indian currency is counted at a government treasury office in Lucknow.

AP Photo/ Rajesh Kumar Singh

Chief Economic Adviser, Ministry of Finance, Dr. Arvind Subramanian addressing a Press Conference regarding Economic Survey, in New Delhi.

Photo/Tribhuvan Tiwari

The Chief Economic Adviser, Ministry of Finance, Dr. Arvind Subramanian addressing a Press Conference regarding Economic Survey, in New Delhi.

Photo/Tribhuvan Tiwari

Construction workers rest during a break in New Delhi.

AP Photo/ Rajesh Kumar Singh

File Photo - National Advisory Council member Aruna Roy during a Press Conference. Roy, who has decided to dissociate herself from Sonia Gandhi-led National Advisory Council hit out at government saying it was focusing on economic reforms and growth at the cost of poor people.

PTI Photo

Economic Survey projected an optimistic 6.1 to 6.7 per cent growth in 2013-14 and made a strong call for cutting subsidies.

PTI GRAPHICS

TV Grab: President Pranab Mukherjee addressing the joint session of Parliament on the first day of the budget session, in New Delhi. Attributing slow growth to global and domestic factors, Mukherjee said the government is taking several steps to boost economy and restore investor confidence.

TV Grab

Prime Minister Manmohan Singh talking to media at Parliament House on the first day of the budget session, in New Delhi. Seeking cooperation of all sections ahead of Parliament session, Singh said "credible action" is needed from all to ensure that the country is least affected by the "formidable challenges" posed by the global economic slowdown.

Photo by Tribhuvan Tiwari

Workers reach for a board being carried by a crane at the site of a bridge under construction in the Jammu-Srinagar highway, on the outskirts of Jammu. India's economic growth slid to 5.3 percent in the September quarter, stuck at its lowest levels in three years.

AP Photo/Channi Anand

A worker walks with a spade as others lay iron bars for a bridge under construction in the Jammu-Srinagar highway, on the outskirts of Jammu. India's economic growth slid to 5.3 percent in the September quarter, stuck at its lowest levels in three years.

AP Photo/Channi Anand

Prime Minister Manmohan Singh at a meeting with his new Council of Ministers in New Delhi. Holding that "high" fiscal deficit is a deterrent for domestic and foreign investments, Singh said the government will have to overcome constraints to achieve a target of nearly USD one trillion of investment in infrastructure sectors.

PTI Photo/ Kamal Singh

Prime Minister Economic Advisory Council (PMEAC)'s Chairman C. Rangarajan addressing a press conference after releasing the report of the his panel (Rangarajan Committee) on the 'Regulation of Sugar Sector in India' in New Delhi.

PTI Photo by Vijay Kumar Joshi

Union Minister for Commerce, Industry & Textiles, Anand Sharma with ASSOCHAM President Rajkumar Dhoot, Secretary General D S Rawat and Past President ASSOCHAM Anil Agarwal (L) to launch the ASSOCHAM campaign "FDI in Retail: Advantage to Farmer's & Consumers" in New Delhi.

PTI Photo by Kamal Singh

A girl watches as Prime Minister Manmohan Singh addressed the nation on the current economic situation of the country, at an electronics showroom in Mumbai. Singh’s address to the nation came after the Trinamool Congress party pulled out of the ruling coalition protesting the decision to allow foreign retail chains to come into the country.

AP Photo/ Rajanish Kakade

A boy sells balloons outside a shop in New Delhi. India to open its huge market to foreign retailers such as Walmart as part of a flurry of economic reforms aimed at sparking new growth in the country's sputtering economy.

AP Photo/Tsering Topgyal

A chai wala pours tea for waiting customers at his roadside stall in New Delhi. India's economy grew a disappointing 5.5 percent in the last quarter ending June, marking a sharp slowdown from the 8 percent growth in the same period a year ago.

AP Photo/Tsering Topgyal

RBI Governor D. Subbarao smiles during a monetary policy review meeting in Mumbai. For the second consecutive time, Reserve Bank Governor D Subbarao today left the key interest rate unchanged to fight inflation, and lowered the growth projection for the current fiscal to 6.5 per cent.

AP Photo/ Rajanish Kakade

June 26, 2006 US and South Pacific eds. The same cover appeared next week, i.e. dated July 3, 2006 as the Europe, Middle East and Africa ed.

Courtesy Time magazine, Time.com

Dwindling Higher costs of living and overheads have affected consumption-led growth

Tribhuvan Tiwari

People offer a garland to Finance Minister Pranab Mukherjee during a seminar in Mumbai. The basic strategy to bring the country's economy back on track has to be to stimulate domestic demand, Mukherjee said as he addressed concerns of industry and credit rating agencies over the current turmoil in the sector, according to local news reports.

AP Photo/Rajanish Kakade

Union Finance Minister Pranab Mukherjee and CBDT Chairman Laxman Das during the inauguration of "Aayakar Seva Kendra" at Central Revenue Building in Kolkata.

PTI Photo/Ashok Bhaumik

Continuing free-fall for the sixth day in a row, rupee crashed below the psychological level of 56 against US dollar to yet another all time low on heavy demand for the American currency from importers, especially oil refiners, amid foreign fund outflows and weak equities.

AP Photo/ Rajesh Kumar Singh

Union Finance Minister Pranab Mukherjee during a meeting with the Indian Economic Service officers of 2011 batch in New Delhi.

PTI Photo/ Subhav Shukla

A man counts U.S dollars at a Western Union money transfer center in Ahmedabad. The Indian rupee hit a fresh all-time low of 55.03 against the US dollar amid robust demand for the US currency from banks and importers.

AP Photo/Ajit Solanki

An employee counts rupee notes at a bank in Allahabad. The Indian rupee hit a record low of 54.46 against the dollar.

AP Photo/Rajesh Kumar Singh

Union Home Minister P Chidambaram with FICCI Vice President & country head, HSBC, Naina Lal Kidwai and BJP leader Jaswant Singh and Chairman PM's Economic Advisory Council, C Rangarajan during a discussion on Swaminathan S. Anklesaria Aiyar's paper "The Elephant that become a Tiger: 20 years of Economic Reform in India" in New Delhi.

PTI Photo/Shahbaz Khan

Deputy Chairman of Planning Commission Montek Singh Ahluwalia with Chanda Kochhar, MD & CEO, ICICI releasing a report on 'The India Book- Growth, Opportunities and Challenges' in New Delhi.

PTI Photo

C. Rangarajan (2nd L), the chairman of the Prime Minister's Economic Advisory Council, along with council members releasing the Review of Economy 2010-11 report during a press conference in New Delhi.

PTI photo/Atul Yadav

Gross domestic product, income.

PTI GRAPHICS

Prime Minister Manmohan Singh and World Bank President Robert B. Zoellick at a meeting in New Delhi.

PTI Photo

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