A grid failure cut power supplies in northern India on Monday, hitting rail and road transport for hours in the country's worst blackout in a decade, authorities said.
India's economic growth fell to a nine-year low in the first three months of 2012, a clear sign that the country's slowdown is deepening and affecting all sectors of the economy.
Mallika Kapur discusses why India's government is pushing for food price controls.
Indian GDP growth slides to 5.3% a clear sign that the country's slowdown is deepening and affecting all sectors of the economy.
Simon Denyer and Ali Velshi discuss the long-term expansion of the Indian economy and why few foreign investors exist.
India's central bank cut key lending rates for the first time in three years on Tuesday in an aggressive effort to stimulate growth and boost investment at a time when the gloss is rapidly coming off Asia's third largest economy.
The leaders of five of the world's top emerging economies moved closer Thursday toward establishing a development bank that could one day serve as an alternative to the World Bank.
Economic growth in India slowed at the end of last year, the government reported Wednesday, raising concerns about whether emerging markets will continue to be the engine of global growth.
India's weakening economy grew 6.1 per cent in the quarter to the end of December, the slowest in three years, deepening fears about the country's growth prospects.
Growth is likely to slow in agriculture, manufacturing and construction in India. CNN's Sumnima Udas reports.
Stocks are soaring this year. Everywhere. And if you think the rally has been big in the U.S., just check out emerging markets.
France's Dassault has been awarded frontrunner status in the hotly contested $20bn race to supply 126 fighter jets to India, providing a much-needed boost for French economic and industrial prestige.
Entrepreneurship and business are rarely accorded a serious place in discussions around drivers of economic development. A cursory look at the numbers makes this seem very surprising. China has pulled approximately 600 million people out of absolute poverty since Deng Xiaoping unleashed market reforms in the late 1970s. Never in human history have so many people been pulled out of grinding poverty is such a short span of time.
Manmohan Singh, India's prime minister, has cut his forecast for his country's economic growth rate to 7% this year signaling a sharp slow down in the world's fastest growing large economy after China.
India's economy grew at the slowest rate for more than two years in the second quarter, confirming the country's shift to lower growth rates of about 7 per cent.
Mallika Kapur reports on the move to allow big retailers like Wal-Mart to open stores in India.
India is to throw open its $450bn retail sector to foreign supermarkets, granting access for the first time to giants such as Walmart, Carrefour and Tesco that have long sought to enter an underserved market of 1.2bn people.
The Asian Development Bank has called for India and China to be ready to help rescue the eurozone from its sovereign debt crisis to avoid a long-term downturn that will stunt the growth of Asian economies.
People like to use the metaphor "pushing on a string" to describe something that's ineffective. After all, you can pull a string. But you can't really push one.
In a much-publicized statement apparently aimed at China, during her recent visit to Africa U.S. Secretary of State Hillary Clinton warned against a "new colonialism in Africa," where it was "easy to come in, take out natural resources, pay off leaders and leave."
India's economy registered a slight slowdown in its growth in the first quarter (April to June) this fiscal year. GDP figures came in at 7.7% -- roughly in line with expectations, but lower than the 7.8% growth last quarter.
India's central bank Monday sought to calm markets in the wake of the U.S. rating downgrade, citing what it called the nation's resilience to global economic turmoil.
China and India have been rapidly forging new economic partnerships in Africa.
It's still only a trickle compared to the flood of jobs that America lost to overseas outsourcing in recent decades. But some American businesses are bringing jobs home again.
In an attempt to curb runaway inflation, India's central bank raised its benchmark interest rates for the tenth time in sixteen months on Thursday, despite a slowdown in economic growth.
India's inflation climbed to 9.06% in May from a year earlier, government data showed on Tuesday, fueling expectations of a further increase in interest rates.
As the search for the next head of the International Monetary Fund continues, French Finance Minister Christine Lagarde, a leading contender, met with Indian leaders in New Delhi on Tuesday to garner support for her bid.
China edged out India to become the world's largest buyer of investment-grade gold products, according to a World Gold Council report.
Inflation headwinds hit rising India economy. CNN's Pauline Chiou reports.
Cramped, self-made huts line stretches of narrow and dirty lanes, accompanied by the smell of open sewers and towers of garbage. Welcome to Dharavi, one of the largest slums in the world.
A decision on a cross-party probe into India's massive telecom scandal that has rattled the federal government may be taken as early as next week, an official said Friday.
India's prime minister vowed Wednesday that his government is "dead serious" about fighting corruption within its ranks, a scourge he said threatens to tarnish India's reputation worldwide.
CNN's Pauline Chiou speaks with Mark Konyn of RCM on economic growth prospects for China and the rest of Asia.
Indian federal police have arrested eight financial executives suspected of facilitating loans in exchange for bribes, the latest in a string of corruption scandals jolting Asia's third-largest economy.
India's central bank governor has warned that the country needs a "quantum step" in investment to achieve the ambitious double-digit economic growth rate forecast by Manmohan Singh, the Indian prime minister.
U.S. President Barack Obama started his second day in India on a lighter note: pulling a few dance moves and celebrating a major religious festival with local students.
Eager to fend off any criticism that he's globetrotting just days after a disastrous midterm election, President Obama unveiled about $10 billion in new contracts for U.S. exports to India on Saturday as he launched an aggressive push to show his trip to Asia will deliver jobs back home.
A new jobs report shows 10 straight months of growth, but President Obama says a bipartisan effort is needed to do more.
After a shellacking back home, what better way to get some peace and tranquility than for President Obama to visit this city's famed Gandhi Museum?
As Asia's third largest economy and one of the world's fastest growing markets, India is placed high on Obama's goal list to build what he calls a "defining" partnership.
President Barack Obama begins a four-nation trip to Asia next week with three days in India to emphasize ties between the world's two largest democracies, top administration officials said Wednesday.
China feels the need to get big global players back on its side by changing its traditional foreign policy.
Ajai Chowdhry is the co-founder of HCL Infosystems Ltd., a global enterprise with plans to expand in Africa.
African countries should invest in broadband infrastructure to improve the welfare of their people, according to Ajai Chowdhry, co-founder and CEO of HCL Infosystems, the global IT services provider.
The Indian rupee gets a new symbol, joining a select group of currencies. CNN's Mallika Kapur reports.
India approved a distinct symbol for its currency, the rupee, Thursday, joining the league of currencies identifiable by their unique signs.
Oil rose on Monday as the dollar slid and stock market gains nullified earlier fears about interest rate hikes.
With the Indian economy predicted to grow by 7.5 percent this year, experts say it could be time for Western CEOs to learn some lessons from their Indian counterparts.
Asia's rapid recovery from last year's recession appeared to be confirmed on Monday by a slew of positive reports on industrial production that suggested economic growth is powering steadily ahead, led by China and India.
Manmohan Singh, India's prime minister, on Sunday sought to override divisions in his ruling coalition by pledging to fulfil a deep financial reform program in Asia's third-largest economy.
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
Rising Chinese demand helped drive South Korea's economy to its fastest growth in seven years in the third quarter, underscoring how Asia is leading the global economy and trade out of the worldwide downturn.
Thousands of workers were part of a strike in an important north Indian industrial hub Tuesday, underscoring touchy labor relations in Asia's third-largest economy.
The economic might of India may bring to mind technological savvy and overseas call centers. But to understand the Indian economy, a visit to a roadside dentist like Raj Kishore is more illuminating.
A roadside dentist, a street shirt presser - Sara Sidner reports on odd jobs that mean big money to India's economy
CNN's Richard Quest asks Finance Minister Pranab Mukherjee if the India still needs to stimulate the economy.
Commodity prices are flashing a danger signal for the world economy. Generally, price spikes occur at the peak of economic cycles. This time however, a sharp rebound is coinciding with an economic trough.
U.S. Secretary of State Hillary Clinton praised India's efforts to reduce carbon emissions Sunday, but India's environment minister said the country won't agree to "legally binding" limits on greenhouse gases.
Once, they were a prized catch.
It's only fitting that General Motors, once the embodiment of U.S. economic might, decided to sell its Hummer brand to a Chinese manufacturer after GM filed for bankruptcy.
The world, as most of us know by now, is facing a likely prolonged economic slump.
India's prime minister, in a speech ahead of the G-20 economic summit, called for added funding to developing nations as a way to maintain demand in a troubled global economy.
A protester uses his head to break a window. CNN's Jeanne Moos gives the G-20 summit the royal treatment.
The current global economic downturn will change the worldwide power structure, giving China and India a stronger role to play in the future, Singapore's foreign minister said Tuesday.
Morgan Stanley's Stephen Roach predicts the worst of the economic downturn will be over this year or early next year.
Business leaders at the World Economic Forum warned Thursday that the financial crisis was far from over -- and said it could be 2010 before many contracting economies see the first signs of recovery.
When a scandal the size of India's Satyam emerges, the flurry of reaction gives the appearance of major change in the works. B. Ramalinga Raju, who has admitted to inflating his software company's profits by around $1 billion in recent quarterly results, is India's version of Bernard Madoff. And people responded accordingly. Foreign investors and customers, for example, may be more cautious when choosing partners. The media and authorities will examine company results more closely, and this will make some auditors more cautious. India's SEBI, the stock market regulator, has strengthened disclosure requirements on family-controlled companies.
Three days after gangs of gunmen launched a murderous rampage in Mumbai, India, killing at least 183 people, the emphasis in the Indian media has quickly turned from shock to anger and recrimination.
Mumbai is India's financial capital, home to its largest port, and the heart of its famed Bollywood film industry.
Infosys's co-chairman is optimistic about India's economy in today's tough economic climate.
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