Economic Growth | The Asian Age

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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

Government support is required to make exports competitive, create export markets and attract global players towards India. (Representional Image)

Manufacturing needs to pick up

The industry is hopeful that the upcoming Union Budget will provide the necessary fillip in this direction.

30 Jun 2019 6:57 AM

Economy has become a major cause of concern for the new government with GDP dropping to 5.8 per cent in the last quarter of the 2018-19, according to NSSO figures. (Photo: ANI)

Two new Cabinet committees formed to spur growth, employment

The Cabinet committees are a 5-member board on Investment and Growth and a 10-member board on Employment and Skill Development.

05 Jun 2019 5:26 PM

FPIs pumped in a net sum of Rs 21,032.04 crore into equities but pulled out a net amount of Rs 3,812.94 crore from the debt market during April 1-26.

FPIs stay bullish on India for third consecutive month; invest Rs 17,219 cr in Apr

Overseas investors had put in a net sum of Rs 45,981 crore in March and Rs 11,182 crore in Feb.

28 Apr 2019 12:46 PM

Financial markets have rallied this year on hopes that United States and China will reach a settlement. (Representational Image)

G-20 chiefs: World economic growth to revive later this year

a trade standoff between the United States and China threatens to dim the economic outlook.

13 Apr 2019 12:26 PM

The CSO has also released the Second Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for 2016-17.

GDP growth rate for 2017-18 revised upwards to 7.2 per cent

Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore.

31 Jan 2019 6:04 PM

The government will unveil its budget for the 2019-20 fiscal year on Friday. (Representational Image)

Here's what to expect from 2019-2020 interim budget

The government is expected to project economic growth of around 7.5 per cent for the next financial year.

31 Jan 2019 2:16 PM

'Real GVA is anticipated to grow at 7 per cent in current fiscal as against 6.5 per cent in 2017-18,' Central Statistics Office said. (Representational Image | PTI)

Indian economy to grow at 7.2 pc in 2018-19, up from 6.5 pc last year: govt

The growth is mainly due to improvement in performance of agriculture and manufacturing sectors, the CSO said.

07 Jan 2019 6:28 PM

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Anand K Sahay