Top economic news of the day

India Infoline News Service | Mumbai |

Overseas direct investment by Indian firms rose by over 60.7% year-on-year to US$5.03bn in June 2014, according to RBI data.

After almost a year, bank credit overshot deposits and grew by 13.28% to Rs61.23trn for the week ended June 27, while deposits grew at 12.44% to Rs79.52trn during the same period, according to Reserve Bank of India's data. (ET)

India's current account deficit is likely to fall to 2.1% of the GDP in 2014-15 and will be fully financed in the current year, the government said. (BS)

Overseas direct investment by Indian firms rose by over 60.7% year-on-year to US$5.03bn in June 2014, according to RBI data. (ET)

The Indian economy is likely to expand between 5.4% and 5.9% in the year to 31 March 2015, after growth decelerated to sub-5% for two consecutive years, the Economic Survey released by the government said. (Mint)
 

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