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Worrying imbalances lurk below India's high headline growth

NEW DELHI/ MUMBAI, Feb 11- India's turbocharged growth figures have been criticized by many analysts for giving too flattering a view of Asia's third-largest economy. Consumer spending was the main driver behind India's 7.3 percent growth in the October-December quarter, as a pick up in urban spending more than compensated for subdued spending in rual areas...
Source: Reuters | By: Rajesh Kumar Singh and Sumeet Chatterjee
Forget China? India reports higher GDP

India, the world's third largest economy, said it expanded by 7.3 percent in the last quarter vs. 6.8 percent for China.
Source: | By: Seema Mody
UPDATE 2-India sees higher growth even after economy loses steam

NEW DELHI, Feb 8- India's economic growth slowed in the last quarter of 2015, adding to pressure on Prime Minister Narendra Modi's government to expedite stalled reforms in the next session of parliament when it presents its annual budget. That rate of growth was faster than the 6.8 percent posted by China in the same quarter, although many economists say the...
Source: Reuters | By: Rajesh Kumar Singh
Indian GDP data to show economy racing, realities less rosy

NEW DELHI, Feb 8- India will release data on Monday showing it remains one of the fastest growing economies in the world, but economists are struggling to reconcile that rosy picture with ground realities like weak exports, investment, and flat corporate order books. "There are inconsistencies between the picture presented by new GDP series and many other tried...
Source: Reuters | By: Rajesh Kumar Singh
South Africa aims to lift coal exports to India

*South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...
Source: Reuters | By: Wendell Roelf
Doubting India's 'fastest-growing' GDP stats, economists devise their own

*India Oct-Dec GDP seen at 7.3 pct, faster than China. *Ambit Capital estimates growth at only 5-6 pct. It's a good deal weaker than official data showing India to be the world's most dynamic big economy.
Source: Reuters | By: Rafael Nam and Rajesh Kumar Singh
UPDATE 6-Dow Chemical CEO plans retirement and handover in 2017

*Andrew Liveris orchestrated $130 bln merger with rival DuPont. Feb 2- Dow Chemical's chief executive Andrew Liveris, fresh from orchestrating a $130 billion merger with U.S. rival DuPont, on Tuesday announced plans to retire by mid-2017, a step he takes after years of pitched battles with an activist shareholder unhappy with his leadership.
Source: Reuters
Manulife AM: How to play India's consumers

Plays on India's massive emerging consumer class have kept investors optimistic on the market, but picking the right consumer group is key, Rana Gupta, managing director at Manulife Asset Management, told CNBC.
Source: | By: Leslie Shaffer
Food imports rise as Modi struggles to revive rural India

*India importing corn for first time in 16 years. *India may soon have to import oilmeals- traders. NEW DELHI, Feb 2- India's prime minister held a late night meeting with food and farm officials last week to address falling agricultural output and rising prices, and traders warn the country will soon be a net buyer of some key commodities for the first time in years.
Source: Reuters | By: Mayank Bhardwaj
FACTBOX-India's tax giveaways to business

NEW DELHI, Feb 1- Indian Finance Minister Arun Jaitley wants to hit his fiscal deficit targets in this month's budget and may scale back some corporate tax breaks to do so, according to people directly involved in the process. Here's a look at India's fiscal deficit targets and major corporate giveaways:. Sources: Finance Ministry, Reuters poll.
Source: Reuters