Tuesday, April 14, 2015

Developments in April 2015

15 April : Wholesale inflation slips to -2.33 % in March as against -2.06 % in february.

15 April:  India’s growth is likely to improve from 7.2% in 2014 to 7.5% both in 2015 and 2016 China’s growth is projected to slip from 7.4% in 2014 to 6.8% this year and further down to 6.3% next year.

For the first time since 1999, India will outgrow China and its BRIC peers with a GDP growth of 7.5% in 2015 and 2016 (calendar years) the International Monetary Fund (IMF) projections said.

13 April: India's annual consumer price inflation unexpectedly slowed down to a three-month low of 5.17 per cent in March as food prices moderated.

8th April: Moody's raised India's credit rating outlook to positive from stable, marking a robust endorsement of policy initiatives by the governments. Rival rating agency Fitch was more circumspect, praising the reform initiatives but leaving the outlook unchanged. The three big rating agencies — Standard & Poor's, Moody's and Fitch — have India at the lowest investment grade, just a notch above 'junk' status.

7th April’15: To target 6% CPI inflation by Jan 2016 & 4% by FY18-end. RBI Policy declaration

7th April’15: GDP growth under new methodology: 7.8% in FY16. RBI Policy declaration

2nd April'15: —New Foreign Trade Policy 2015-2020 declared.

 TP2015-20. introduces two new schemes, namely Merchandise Exports from India Scheme (MEIS) for export of specified goods to specified markets and Services Exports from India Scheme (SEIS) for increasing exports of notified services, in place of a plethora of schemes earlier, with different conditions for eligibility and usage.


  1. Requesting you to kindly give some highlights of startups in India like housing.com. Some knowledge pertaining to startup like flipkart, snapdeal etc.