India growth

FY21 fiscal deficit likely at 5.8%, growth to slip to 0.5% says report

In a report, analysts at Bank of America also revised down their GDP growth estimate to 0.5 percent for the current fiscal year, as against the earlier estimate of 1.5 percent adding that they fear that the lockdown my extend beyond May.

May 11, 2020, 17:52 PM IST

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

FM Sitharaman announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB

Her press conference comes just a little ahead of the release of India's latest Gross Domestic Product (GDP) growth numbers.

Aug 30, 2019, 16:35 PM IST

Indian economy to recover mildly from economic slowdown by March 2020: Goldman Sachs

Goldman Sachs further said it expects a moderate pick-up in economic activity.

Aug 28, 2019, 15:23 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

Centre responsive to slowdown, but more steps needed: Report

On the measures announced to boost auto sales, the report noted that the auto sector may benefit marginally.

Aug 26, 2019, 15:00 PM IST

Niti Aayog calls for extraordinary steps to tackle slowdown

Noting that the government has taken steps to address concerns of the stressed non-banking finance company (NBFC) sector, Kumar said the government does acknowledge NBFCs as a growth driver and has prevented many of them from collapsing.

Aug 23, 2019, 09:56 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

Industry leaders to meet FM Nirmala Sitharaman, press for Rs 1 lakh crore stimulus package: Sources

Business leaders meeting the finance minister include Uday Kotak, TV Narendran, Sandip Somani, BK Goenka, Sajan Jindal, Sunil Mathur, Anil khaitan, Sanjiv Puri, Rishab Premji, Sangeeta Reddy, Dilip Sanghvi and Ajay Piramal.

Aug 08, 2019, 11:53 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

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

India becomes investment darling for sovereign wealth and pension funds

Wealth and state pension funds are expanding their horizons to private markets, to complement an existing focus on stocks and bonds.

Jun 21, 2019, 12:17 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

RBI raises retail inflation forecast for Apr-Sept FY20 to 3-3.1%

In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of 2.9-3 percent for six months till September.

Jun 06, 2019, 13:28 PM IST

Indian economy grew 7.2% in 2018-19, likely to top at 7.5% in FY19-20: World Bank

The Bank`s Economic Prospects Report released on Tuesday forecast India`s economy to grow by 7.5 per cent during this and the next two fiscal years, retaining its top spot as the fastest growing major economy. It would be helped by a "more accommodative monetary policy" and low inflation, it said.

Jun 05, 2019, 09:36 AM 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 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

Arresting slowdown, creating jobs priorities for new government

BJP has won more than 300 seats in the latest polls, bettering its performance in 2014. But the victory has come amid agrarian distress, youth unemployment, anemic growth and troubles in the financial system.

May 24, 2019, 15:28 PM IST

India needs to make efforts to reach double digit growth: EAC-PM member

Ravi also refuted the contention of her EAC-PM colleague Rathin Roy that India could fall into the middle income trap -- a term used by the World Bank to refer to nations that get stuck at a middle level of economic development as they attempt to grow rich.

May 18, 2019, 18:12 PM IST