Gdp Growth | The Asian Age

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This is the 28th consecutive month that the manufacturing PMI has remained above the 50-point mark.

India's mfg sector activity growth inches up in Nov; but remains subdued

GDP growth slowed sharply to a pace of 4.5 per cent in the July-September, hit by a slump in manufacturing output.

02 Dec 2019 11:12 AM

A set of officers are looking into the pipeline of projects that can be readied so that once the fund is ready, it could be front-loaded on these projects, Finance Minister Nirmala Sitharaman said at a business summit in Mumbai. (Photo: File)

Centre to invest Rs 100 lakh crore in new infra projects to boost economy

PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.

01 Dec 2019 3:32 PM

The fiscal deficit figure in monthly accounts during a financial year is not necessarily an indicator of fiscal deficit for the year, as per the CGA.

Fiscal deficit hits 102 per cent of Budget estimate till Oct

The government has pegged its total expenditure for 2019-20 at Rs 27.86 lakh crore.

29 Nov 2019 7:41 PM

The previous low was recorded at 4.3 per cent in the January-March period of 2012-13.

India's GDP growth further dips to 4.5 pc in July-Sept

The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.

29 Nov 2019 6:07 PM

The unemployment rate in October rose to 8.5 per cent, its highest since August 2016.

India's economy seen growing at 4.7 per cent in September quarter

PM Modi’s govt has taken several steps, including cutting corporate tax in Sept, to boost investments and bolster economic growth.

29 Nov 2019 12:55 PM

For the last few quarters the cycle of growth has not been as it was earlier, Chief Economic Adviser KV Subramanian said at an event in New Delhi and added that "corporate tax rate is important for investments". (Photo: File)

Cut in corporate tax rate important for investments: CEA Subramanian

India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.

29 Nov 2019 12:12 PM

This is the third quarter since the growth rate has fallen in the country. If this is not recession, then what is it? The government must bring a white paper on the status of Indian economy, tweeted CPI(M) general secretary Sitaram Yechury.

Govt must bring white paper on status of Indian economy: Yechury

Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 per cent, India Ratings report said.

27 Nov 2019 12:58 PM

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

The fiscal deficit target of 3.4 per cent of GDP is likely to slip, DK Joshi, the chief economist at the rating agency crisil said here on Friday.

Govt will be forced to slash spending this year too: Crisil

GDP growth slipped to 5 per cent in the first quarter, is expected to be worst in the second quarter- sub 5 per cent.

16 Nov 2019 10:43 AM

Citing that the government steps do not address the widespread weakness in consumption demand in the country, Moody’s said, “We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in 2019, from 7.4 per cent in 2018.”

Moody’s cuts GDP growth forecast to 5.6 per cent for this fiscal

Moody’s had on October 10 cut India’s economic growth forecast for 2019-20 fiscal to 5.8 per cent from an earlier estimate of 6.2 per cent.

15 Nov 2019 2:24 AM

The higher inflation will be driven by base effects or lower inflation in the year-ago period when the same number had dipped to 2.2 per cent.

'RBI to cut rates by 40 bps by Feb despite high inflation'

GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the September quarter.

14 Nov 2019 4:04 PM

Investment activity was muted well before that, but the economy was buoyed by strong consumption demand.

Moody's cuts India's GDP growth forecast to 5.6 pc for 2019

India's economic growth has decelerated since mid-2018, with real GDP growth slipping from nearly 8 per cent to 5 per cent.

14 Nov 2019 1:06 PM

The report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

India's GDP likely to grow 5 per cent this fiscal: SBI report

India is also significantly lower in Economic Uncertainty Index when compared globally

12 Nov 2019 5:08 PM

It affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.

Moody's outlook on India 'negative', govt says fundamentals in place

A credit crunch among non-bank financial institutions (NBFIs), have increased the probability of a more entrenched slowdown.

08 Nov 2019 8:56 AM

Indian economic growth has steadily slowed to a six-year low of 5.0 per cent in the April-June quarter from an 8.1 per cent peak in the January-March quarter of 2018.

Slowing Indian economy spells tough times ahead for the rupee: report

A barrage of rate cuts from the RBI this year has done nothing concrete so far to revive a slowing Indian economy.

07 Nov 2019 9:47 AM

The sharp reduction in tax rates will drag heavily on revenue collection.

Fitch raises India's FY20 fiscal deficit forecast to 3.6 pc of GDP

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

06 Nov 2019 12:20 PM

Economic growth has slipped to a six-year low of 5 pc for the June quarter and is expected to turn in lower than that in the Sept quarter.

Muted Diwali demand, GDP growth may fall to 5.8 pc: BofAML

Lack of consumption is seen as one of the key factors pulling down growth.

04 Nov 2019 4:29 PM

The report also does well to emphasise that higher trade-to-GDP ratios are a signal of competitiveness and an entry point for coupling the Indian economy with the international economy, including through global value chains.

‘Hybrid’ export growth models: Hope for India

Government advisory committees come with implicit constraints to stay within the limits of what is politically doable.

02 Nov 2019 12:05 AM

The projection is lower than 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.

Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent

GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.

24 Oct 2019 2:20 PM

Rupee traded in range of 71.31 and 71.05 during the day, before finally finishing at 71.14, up just 2 paise from its previous close.

Rupee ends flat at 71.14 versus US dollar

The gains in the rupee were capped by crude oil hitting the USD 60 per barrel mark, forex brokers said.

18 Oct 2019 6:36 PM

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Syed Ata Hasnain