India GDP growth

Slowdown over, growth recovery in six months: Montek

The economy will turn the corner in the next six months as the deceleration of the past several quarters has been arrested, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Monday.

Oct 15, 2012, 11:34 AM IST

World Bank cuts India's GDP projection to 6% for 2012-13

The Indian economy grew at 5.5 percent in the April-June quarter. In the previous fiscal (2011-12), growth had fallen to a nine-year low of 6.5 percent.

Oct 10, 2012, 21:45 PM IST

Stable PMI hints India's GDP growth has bottomed out: Nomura

Leading brokerage house Nomura Monday said the manufacturing PMI, which in September remained stable at 52.8, shows the worst for Indian economy is over, but warned that a V-shaped recovery is way off.

Oct 02, 2012, 00:12 AM IST

StanChart cuts India's growth forecast to 5.4% for this fiscal

Standard Chartered Bank on Monday lowered India's growth forecast for this fiscal year to 5.4 percent from 6.2 percent projected earlier despite the recent reforms push.

Sep 17, 2012, 15:51 PM IST

Diesel price hike: Tough decisions needed to accelerate growth, says Montek

The Government yesterday hiked diesel price by Rs 5.63 per litre and capped supply of subsidised LPG to 6 cylinders per household in a year.

Sep 14, 2012, 13:01 PM IST

HSBC cuts India's growth forecast to 5.7% for this fiscal

HSBC has cut India's growth forecast for this fiscal year to 5.7 percent from 6.2 percent projected earlier, citing lack of "reform traction" in the country and weak global economic backdrop.

Sep 13, 2012, 14:42 PM IST

FY'13 GDP growth to be at 5.6% despite better rains: BofA-ML

According to a research report by Bank of America Merrill Lynch, despite better rains the growth forecast for this fiscal is likely to be around 5.6 percent.

Sep 10, 2012, 16:37 PM IST

At 5.5%, India growing faster than many nations: KPMG

India's economic growth slipped to 5.5 percent during April-June of 2012-13, the lowest Q1 performance in a decade, because of falling activity in manufacturing, mining and quarrying.

Sep 04, 2012, 22:00 PM IST

GDP expected to remain below 6% in 2012-13: CII

The country's economic growth in the current fiscal is expected to remain below 6 percent, possibly due to low confidence levels in the industry, a survey said Sunday.

Sep 02, 2012, 11:20 AM IST

Plan panel to peg 12th Plan average growth rate at 8.2-9%

During the 11th Five Year Plan, the Commission had proposed a growth target of 9 percent, which was later approved by NDC.

Aug 26, 2012, 10:33 AM IST

Investments plunged nearly 50% in FY12: RBI

The report, released over the weekend, further says the drop was led by the infrastructure and metals sectors.

Aug 26, 2012, 09:58 AM IST

CMIE slashes FY13 GDP growth forecast to 6.7% on poor monsoon

Economic think-tank CMIE Tuesday revised downward the country's real gross domestic product (GDP) growth forecast by half-a-percentage point to 6.7 percent for the current fiscal from 7.2 percent projected earlier, citing poor monsoon.

Aug 14, 2012, 21:16 PM IST

Professional forecasters lower FY'13 GDP growth to 6.5%: RBI

Professional forecasters have lowered India's GDP growth rate forecast for 2012-13 to 6.5 percent from the earlier 7.2 percent on back of high inflation and deficient monsoon, RBI said Monday.

Jul 30, 2012, 20:56 PM IST

Growth to be below 6% in FY’13, to pick up post polls: Survey

The country's GDP growth will fall below the 6 percent mark in FY13 and we may return to the high growth path of over 9 percent only after the general elections in 2014, a survey of corporates by global bank Standard Chartered, said.

Jul 09, 2012, 21:30 PM IST

FinMin will resolve uncertainty over GAAR very quickly: Montek

The Finance Ministry under Prime Minister Manmohan Singh will very quickly "resolve" uncertainty among investors caused by anti-tax avoidance rules which were unveiled in the Budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Sunday.

Jul 01, 2012, 17:44 PM IST

Nomura cuts India GDP growth forecast to 5.8% in FY'13

Noting that India's monetary and fiscal policies are at loggerheads, global financial services firm Nomura has lowered the country's growth forecast for this fiscal to 5.8 percent, from 6.7 percent earlier.

Jun 26, 2012, 16:28 PM IST

India cannot expect outside help to tackle economic woes: PM

Singh promised that problems with regard to the fiscal management will be tackled effectively and credibly.

Jun 24, 2012, 17:17 PM IST

Plan panel will stick to 9% GDP growth target in 12th Plan

Unfazed by sluggish economic growth and persistent global slowdown, the Planning Commission will stick to the 9 percent growth target for 12th Five-Year Plan (2012-17), an official said.

Jun 22, 2012, 00:16 AM IST

CMIE expects revival in FY13; pegs GDP growth at 7.3%

Even after the Government data showed a sharp fall in FY12 growth numbers and the April factory output data at a poor 0.1 percent, a leading economic think tank Thursday said it expects a revival in fortune and pegged GDP growth for the current fiscal at 7.3 percent.

Jun 14, 2012, 18:28 PM IST

ICRA pegs GDP growth at 6.2-6.4% in FY13, calls for reforms

Rating agency ICRA Wednesday pegged India's GDP growth forecast for the fiscal 2012-13 at 6.2-6.4 percent and strongly asked for an early introduction of reform measures to bring back investor confidence.

Jun 13, 2012, 22:34 PM IST