GDP

Growth rate of `08-09 likely to be revised to 6.9%: Plan panel

A Planning Commission member on Thursday said the economic growth rate for 2008-09 could be revised upwards to 6.9 percent from 6.7 percent estimated by the
government earlier.

HSBC India expects GDP to grow by 8 pc in FY 11

HSBC India has forecast the
country`s GDP to grow by 8 per cent next year against the
estimated GDP growth of 6.5 per cent in the current year, a
top bank official said here.

GDP of GCC economies to grow 5.2% in 2010: IMF

Gulf Cooperation Council (GCC) member countries will see their gross domestic product grow at 5.2 percent in 2010 on the back of rising oil revenues, the International Monetary Fund has said.

India to grow at least 7% this fiscal: Suresh Tendulkar

The Indian economy would grow at
least 7% in the current financial year, according to
Suresh Tendulkar, former chairman of the Prime Minister`s
Economic Advisory Council (PMEAC).

Farm output shortfall to hit GDP: FICCI

India`s economy is expected to
grow between 5.2-5.8 percent in 2009-10, much lower than last
year as the agriculture output is estimated to decline
significantly because of drought.

IMF forecasts 2010 India GDP 6.4%

Major Asian economies achieved a remarkable rebound from the global financial crisis, but it is not certain the recovery can be sustained, the International Monetary fund said on Thursday.

CMIE ups GDP growth to 5.9% for FY 10

Economic think-tank CMIE has
upped the economic growth forecast for India this fiscal to
5.9 percent from its earlier projection of 5.8 percent.

Plan panel sees strong growth in 2nd half

The Planning Commission sees strong economic expansion in the 2nd half of this year.

Faster credit growth than GDP signals central bank to act

When bank lending (credit) grows faster than the GDP over a certain period, it is a signal for central banks to tighten monetary policy, a top official of Fitch Ratings said.

Nomura cuts India`s growth forecast to 6% for current fiscal

Financial services firm Nomura has
revised down India`s growth projection to 6% from 6.3% for the current fiscal due to deficient monsoon
rains, while adding that the Indian economy is likely to
rebound to 8% next fiscal.

Drought not as bad as in 2002-03: Official estimate

The impact of drought on farm sector does not seem as bad as it was in 2002-03 when food grain production dropped by 38 million tonnes, says an official estimate.

Worst behind us, but recovery to be slow: Plan Comm

The Planning Commission on Tuesday said
the economy would grow slower in six months ending December compared to the first quarter, but Prime Minister Manmohan Singh exuded confidence that the worst of global downturn was behind.

Q1 GDP growth in line, scanty rain to hit Q2, Q3: Economists

India`s first-quarter growth of 6.1 per cent, highest since the global crisis touched shores last September, hasn`t surprised economists who kept their full-year outlook few shades lower than the government`s.

Govt committed to fin reforms; expects GDP to grow at 6.5 pc

The government is working with
various regulators to push for financial sector reforms in the
country and expects the GDP to grow at above 6.5 per cent in
FY10, Finance Secretary Ashok Chawla said on Monday.

Farm sector growth down to 2.4% in Q1

Agri growth slowed down to 2.4% in the April-June quarter this year from 3%in the same quarter last year.

UK economic contraction slows; GDP falls 0.7% in Q2

The recession-hit British economy shrank less than expected at 0.7 percent in the second quarter of this year, indicating that the worst of the financial turmoil could well be over for the country.

India may have grown by 5.9% in June qtr of FY`10

India is likely to have grown by
5.9 per cent in the June quarter and continuation of fiscal
measures would be vital for the country, the research arm of
the rating agency Moody`s said on Thursday.

Over 8% growth possible next fiscal: Pranab

Finance Minister Pranab Mukherjee
on Thursday projected a 15-20 per cent fall in summer crop output,
and said economy in the next fiscal could grow over 8 per cent
if no further adverse situation emerges.

GDP likely to grow by 7% in 2009-10: CII-Ascon survey

A CII-Ascon survey on Sunday
said the county`s economic growth could go up to 7 percent
during 2009-10 against 6.7 percent in the previous fiscal.

Mexico economy shrinks 10.3 percent in second quarter

Mexico`s economy had its worst performance on record in the second quarter, hard hit by falling exports and the swine flu outbreak, according to a official statistics.