Economic Growth | The Asian Age

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The Centre for the Monitoring of the Indian Economy says that corporate sales declined by 1.2 per cent in the October-December 2019-20 quarter (having declined by 2.8 per cent before that) and profits before tax shrunk by 10 per cent (compared to a shrinkage of 60 per cent in the previous quarter).

A bad time for India, but with bad leadership

Outside of the formal sector, data has been difficult to collect credibly in India.

01 Mar 2020 4:24 AM

Federal Reserve Chairman Jerome Powell. (Photo: AP)

Fed likely to keep interest rates on hold, focus on balance sheet

Fed is expected to soon decide how much longer it will continue its current practice of buying USD 60 billion a month in US Treasury bonds.

29 Jan 2020 1:05 PM

New thinking is needed, Band-Aids won’t suffice

The government has been firefighting since FY 2019 using mostly Band-Aids of the cheapest kinds.

29 Jan 2020 2:26 AM

A man sleeps at a night shelter for poor and homeless people, in New Delhi, in the cold morning hours. (Photo: AFP)

‘Time to care’ about economic inequality in India

The creamy layer of the world population has collectively generated an enormous amount of wealth in the past 20 years.

28 Jan 2020 2:57 AM

The new stagflation challenge

Stagflation has also made it harder for the RBI to boost economic growth by using monetary tools like interest rate cuts.

15 Jan 2020 1:47 AM

RBI pegs GDP down to 5 per cent, no rate cut

The policy repo rate since February was cut in every policy, cumulatively easing by 1.35 per cent or by 135 basis points to 5.15 per cent.

06 Dec 2019 3:22 AM

Once coverage is good, the next phase can consist of providing shelter and transportation to the needy which can of course be followed by other basic needs such as healthcare, education and clothing that are also infrastructural issues.

And welfare for all: Choosing happiness over populism

The focus here is not solely on economic growth but on economic growth plus happiness, and needs an incremental approach.

27 Nov 2019 2:21 AM

India Ratings and Research has revised its GDP growth forecast for FY20 to 5.6 per cent. This is the fourth revision and has come in after the agency had revised its FY20 GDP growth forecast only a month ago to 6.1 per cent, the rating agency said in a statement.

India GDP growth in Q2 at 4.7 pc; FY20 forecast at 5.6 pc: Report

The Indian economy expanded 5 per cent in April-June, its slowest annual pace since 2013.

26 Nov 2019 3:57 PM

Finance minister Nirmala Sitharaman (Photo: File)

Government to sell stake in five top PSUs

The decision taken on Wednesday could be seen as a precursor to more such moves in future.

21 Nov 2019 1:32 AM

In yet another blow to the Indian economy after Moody’s downgrade, two reports — by the State Bank of India and Singapore’s DBS Bank — on Tuesday raised concerns over the slowdown in economic growth.

SBI, DBS signal growth rate set to dip further

The SBI research report was, however, hopeful that the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

13 Nov 2019 3:29 AM

PM Modi to attend Brics meet November 13

Brasilia summit will be Prime Minister’s 6th Brics participation.

08 Nov 2019 6:46 AM

With all that being said, "the point cannot be missed that India is still "growing the fastest" in the given global scenario, Sitharaman observed. (Photo :File)

Despite IMF's projection, India among fastest growing economies: FM

Sitharaman is in Washington to attend the annual meeting of the International Monetary Fund or IMF and the World Bank.

18 Oct 2019 9:26 AM

The IMF on Tuesday trimmed India's growth forecast by 90 basic points to 6.1 per cent. This is second downward revision in seven months and in total 120 basis points reduction. (Photo: FIle)

IMF says India worked on fundamentals but certain problems need to be addressed

Georgieva said there has been 'very strong growth' in India over last years and IMF is projecting reasonably strong growth for it.

18 Oct 2019 9:13 AM

Amidst slowing economic growth, the number of rating downgrades in the just concluded half-fiscal has risen and bulk of the downgrades were largely from the financial sector, rating agencies said. (Representational image)

Downgrades rise for firms in H1: Raters

Declining profitability and stretch in working capital cycles also were reasons for the downgrades.

02 Oct 2019 1:57 AM

India is booming, but its children are still starving

Imagine a landmass greater than China. Now imagine that land is only used to produce food.

23 Sep 2019 1:27 AM

The bill also states that those who continue to manufacture or sell e-cigarettes will be punished by court.

Smoke signals

Will the recent ban on e-cigarettes make young smokers go back to tobacco? We asked a few millennials to explain the vape culture.

23 Sep 2019 12:00 AM

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

US corporate sector hails India's move to slash income tax rate for companies

Government slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.

21 Sep 2019 9:49 AM

Investments in January-August 2019 period have also reached a new high of USD 36.7 billion, surpassing the USD 36.5 billion witnessed in the whole of 2018, the report by the consultancy firm EY and IVCA, said.

PE/VC investments tally touches USD 36.7 billion in Jan-Aug

This data comes at a time when the economic growth has plunged to a six-year low, at 5 per cent for the June quarter.

10 Sep 2019 5:34 PM

The unemployment rate rose to 7.51 per cent in July from 5.66 per cent a year earlier. (Representational Image)

Economic growth seen slipping in April-June, more stimulus expected

Slowdown has been driven by a fall in household savings and banks’ increased bad loans, which has hit private investment.

29 Aug 2019 3:04 PM

Imran Khan rose to power with the promise to improve the economic situation of the country. (Photo: File)

As Imran completes a yr in power, Pak's fiscal deficit on 3-decade high

The deficit increased to 8.9 per cent of Pakistan's gross domestic product in the year that ended in June.

28 Aug 2019 10:50 AM

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Shobhaa De