India's 7.6% growth too good to be true

THE ECONOMIC TIMES Sat, Jun 04, 2016 | 12:57 PM IST Weekly Platter Newsletter

At 7.6%, India is the fastest-growing economy or the best data fudger 7.9% growth is something else: a crazy statistical fudge, a delight for emperors in need of clothes, spikes in the hearts of Kuznets. Here is why. read more Railways just made your train travel hassle-free with these 9 initiatives For the everyday passenger, here is a glimpse of what all they can expect from the Indian railways in the days to come. Next US President should take cue from PM Modi: John Chambers Citing 'Make in India' and 'Start Up India' campaigns for boosting manufacturing and employment, Chambers has said next US Prez should take a cue from Modi.

Editor's Pick The rise and fall of arms consultant Sanjay Bhandari over alleged property links with Robert Vadra Bhandari first showed up on the radar of investigative agencies in 2010 for alleged involvement in a contract for the Indian Air force. He is the main promoter of OIS. Forbes estimates Theranos founder Elizabeth Holmes' net worth now zero from $4.5 billion Forbes said private investors had bought stakes in Theranos that implied a $9 billion valuation but said $800 million is a more realistic figure. How Uber is driving change among India's armed forces with UberFAUJI With service tenure of most military men ending at 35 years on an average, surviving on a puny pension may not be easy. Uber had stepped in 6 months ago and two ex-serviceman share their experiences. A look at the shadow Chief Ministers of West Bengal, Assam, Kerala & Tamil Nadu Mannan played an important role in bringing the CBI to investigate the Saradha chit fund scam by filing a petition to the Calcutta High Court.

Most Popular This Week World Bank to change classification of countries; India will now be called 'lower-middle income' RBI Governor Raghuram Rajan wins over PM Modi despite broad mistrust Patanjali comes under FSSAI scanner again, this time over its 'crude' oil claims Sonia Gandhi targets Narendra Modi; says he is PM not shahenshah Indian missiles, helicopters, submarines: Anil Ambani's ambitious defence plan

Story of The Week How to save Rs 10 crore for retirement without taking too much risk This is how much a 30-year-old, spending Rs 50,000 a month, will need to fund his retirement. Find out how to reach this figure in a hassle-free way. read more

Money

Looking for home loan? Here's how to choose your lender The quantum of loan you are likely to get will depend on the value of the property. Typically, it would be 80-85% of the property value. A mega home or a fat retirement purse? Having a real-estate heavy investment portfolio is a common investment fallacy. But is trimming realty plans to fund retirement corpus a good option?

Stock Round Up Traders should focus on going long or consider writing Puts The Nifty50 gained strength rejoicing the accelerated growth in the economy at 7.9% in the last quarter, in particular, and at 7.6% for the full year.

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