Crisil cuts India's FY 2020 GDP growth forecast to 6.3%
Just a week back, a plunge in domestic private consumption demand, slump in manufacturing, halving of merchandise exports growth, and a high-base effect from last year gnawed away at first-quarter growth which came in at 5 per cent.
Sep 05, 2019, 12:37 PM IST
India's 2019-20 Q1 GDP growth slows down to 5%, lowest in 7 years
The first quarter estimates are based on agricultural production during Rabi season of 2018-19, government said.
Aug 30, 2019, 17:45 PM IST
GDP growth pegged at 6% in Q1: FICCI survey
The growth numbers for the first quarter are expected to be released by Central Statistics Office (CSO) next week. Ficci said boosting agriculture sector, strengthening MSMEs, undertaking factor market reforms are key to steering the economy out of the slowdown.
Aug 26, 2019, 15:12 PM IST
No country can escape recession if protectionism continues: Piyush Goyal
Goyal stated that the policies of protectionism being followed by some countries in the developed world are affecting engagement between countries for trade in goods, services and protection of investments.
Aug 23, 2019, 09:52 AM IST
India's growth may slow down further to 5.7% in Q1: Nomura
It attributed the slowdown to the ongoing crisis in shadow banks, which were funding the consumption drive before liquidity crisis hit them hard last September, as well as weakening global growth and the resultant demand slump.
Aug 21, 2019, 16:58 PM IST
Slowdown slayer: PSBs to suggest steps to boost economy
At present, a culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation have led to the slowdown.
Aug 21, 2019, 11:56 AM IST
RBI revises GDP growth forecast for 2019-20 to 6.9% from 7.0%
In the MPC’s June resolution, real GDP growth for 2019-20 was projected at 7.0 percent – in the range of 6.4-6.7 percent for H1:2019-20 and 7.2-7.5 percent for H2 – with risks evenly balanced.
Aug 07, 2019, 12:16 PM IST
FM Nirmala Sitharaman to meet bank heads over key sector credit growth
The Financial Stability Report (FSR) of RBI in June stated credit growth of scheduled commercial banks (SCBs) picked up, with public sector banks (PSBs) registering near double digit growth.
Aug 05, 2019, 10:20 AM IST
IMF cuts India's GDP growth forecast to 7% for FY20
The growth is expected to rise to 7.2 percent points in FY21, down by the projected growth rate of 7.5 in the earlier report."India`s economy is set to grow at 7.0 percent in 2019, picking up to 7.2 percent in 2020.
Jul 24, 2019, 11:05 AM IST
Budget advances economic reform, fiscal settings unchanged: Fitch
Fitch said that the extent and timing of any benefits from the budget measures to GDP growth will depend on policy details that are yet to be announced and on effective implementation.
Jul 10, 2019, 15:14 PM IST
Going for growth, India set to borrow more: Economists
The median forecast in the series from the June 28-July 2 poll of over 45 economists showed the government will revise its fiscal deficit target up to 3.5% of gross domestic product (GDP) for the current fiscal year and 3.3% for 2020-21.
Jul 03, 2019, 10:44 AM IST
EAC-PM releases detailed analysis on robustness of India’s GDP estimation methodology
The note also provides a point-to-point rebuttal to a recently published paper titled ‘India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications’ by former CEA Arvind Subramanian.
Jun 19, 2019, 17:29 PM IST
Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal
In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1 percent and 7.0 percent for 2021-22.
Jun 17, 2019, 17:58 PM IST
EAC –PM Chairman refutes claim by former CEA on India's GDP estimates
Subramanian, had published a paper “India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications” in June, 2019, on the basis of which he has also published an article in Indian media, making strong claims about India’s real GDP figures between 2011-12 and 2016-17.
Jun 12, 2019, 17:39 PM IST
RBI lowers economic growth forecast to 7% for FY20
In the April monetary policy, the growth of Gross Domestic Product (GDP) for 2019-20 was projected at 7.2 percent - in the range of 6.8-7.1 percent for the first half of the fiscal and 7.3-7.4 percent for the second part - with risks evenly balanced.
Jun 06, 2019, 13:28 PM IST
Need to shift to structural deficit instead of fiscal deficit: SBI economists
The structural deficit is adopted by many advanced and also emerging markets, they said in a note.
Jun 04, 2019, 10:24 AM IST
India should think big and envision 10% GDP growth rate: CII President
With GDP growth moderating in the last quarter, the CII President emphasized four key drivers for reinvigorating the growth rate, namely boosting consumption, investments, public expenditure on social and physical infrastructure and net exports.
Jun 03, 2019, 15:54 PM IST
India's GDP growth rate slumps to 5.8% in fourth quarter
India’s economic growth rate slowed to five-year low of 5.8% in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released on May 31 said
Jun 01, 2019, 10:18 AM IST
India's Q4 GDP at 5-year low of 5.8%, FY19 GDP at 6.8%
The GDP had expanded by 7.1 percent in 2016-17 and 8.2 percent in 2015-16.
May 31, 2019, 17:45 PM IST
India's GDP growth forecast at 7.1% for FY20
The industry body FICCI's economic outlook survey said the minimum and maximum growth estimate stood at 6.8 percent and 7.3 percent, respectively, for 2019-20.
May 31, 2019, 11:03 AM IST
