India Gdp | The Asian Age

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Niti Aayog Vice Chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out. (Photo: AP/Representational)

India's GDP likely to grow 7 per cent in FY18: Niti Aayog Chairman

The Niti Aayog vice chairman said the country did very well from 2007-13 and the downward cycle started in 2013-14.

15 Oct 2017 11:52 AM

The World Bank, in its report said that India's economic growth has been affected by disruptions from the withdrawal of banknotes and uncertainties around GST. Photo: AP

'Cash disruption' and GST uncertainties affected India's growth: World Bank

A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia.

11 Oct 2017 9:38 AM

Asia’s third-largest economy has cooled rapidly over five consecutive quarters as small-and-medium-sized businesses across India report tumbling sales. Photo: AP

As India's smaller firms struggle, Modi faces stimulus dilemma

The economy grew at an annual 5.7 percent year-on-year in the three months to end-June, its slowest in three years.

10 Oct 2017 9:49 AM

RBI Governor Urjit Patel said that while Indian policy makers are concerned about growth, it will not take priority over inflation.

Growth important, but not at cost of inflation: RBI Guv Urjit Patel

The slowdown had sparked some calls for lower interest rates, but with inflation rising, the RBI left rates unchanged.

09 Oct 2017 12:27 PM

Consumer confidence in the economic scenario of the country has turned negative as people remain pessimistic about price levels, income and dipping employment opportunities. (File Photo)

Consumer confidence in economy turns 'pessimistic'; people worry about jobs, income

These sentiments are in line with the economic data released in the last couple of months that indicate a sluggish growth.

09 Oct 2017 12:07 PM

Prime Minister Narendra Modi on Wednesday accepted that growth rates have fallen but insisted that his government is committed to reversing the fall. Photo: ANI| Twitter

Modi accepts decline in growth rate, says govt committed to reversing fall

He went on to say that after demonetisation, the cash to GDP ratio came down to 9 percent, from 12 per cent in November 8, 2016.

04 Oct 2017 7:51 PM

Fitch Ratings has lowered India's economic growth forecast for the current fiscal to 6.9 per cent from 7.4 per cent.

Fitch downgrades India's growth forecast to 6.9 per cent

Fitch Ratings said the global economy has improved markedly this year and is on course to recording its fastest expansion since 2010.

02 Oct 2017 7:23 PM

Former RBI Governor C Rangarajan on Sunday said the government needs to take quick measures to push the growth.

Govt needs to take measures to push growth: C Rangarajan

The government needs to take quick action for the economy to pick up 'really fast', Rangarajan said.

01 Oct 2017 5:43 PM

Finance Minister Arun Jaitley has asked companies to not panic and to instead focus on investments. Photo: PTI

No need to panic, focus on investment: Jaitley to India Inc

Jaitley and Niti Aayog CEO Amitabh Kant called for a boost in private spending and the need for a healthy banking system.

25 Sep 2017 10:36 AM

The Indian government is considering a plan to loosen the fiscal deficit target so that it could spend an additional Rs 500 billion to bolster the economy. Photo: PTI

India considering USD 7.7 billion stimulus spending in 2017/18: sources

On Wednesday, Finance Minister Arun Jaitley said the government was looking for ways to lift economic growth.

21 Sep 2017 6:43 PM

Finance Minister Arun Jaitley, at a meeting with top bureaucrats on Tuesday, took stock of the sluggish growth in the economy. Photo: PTI

Finance Minister Arun Jaitley meets officials to address economic slowdown

This meeting took place after the one with Prime Minister Narendra Modi got cancelled earlier in the day.

20 Sep 2017 11:29 AM

Prime Minister Narendra Modi's stocktaking of the economy at a meeting with the finance ministry, has been postponed. Photo: PTI

Modi-Jaitley meeting on slowing economy postponed

Sources said two issues the PMO wants fixed quickly are sluggish exports and private investment not picking up.

19 Sep 2017 5:12 PM

India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government’s budget calculations, two finance ministry officials said. Photo: PTI

India eyes spending cuts as glitches in GST hit revenue

Economic growth, could take a further hit if the public spending that largely underpinned expansion were to be slashed.

18 Sep 2017 8:22 PM

Prime Minister Narendra Modi will interact with Finance Minister Arun Jaitley and other top officials on Tuesday to take stock of India's economic situation. Photo: PTI

Modi to meet Jaitley, others tomorrow to take stock of slowing economy

Increasing government spending, combined with quickly fixing the problems with GST may feature in tomorrow's deliberations.

18 Sep 2017 7:23 PM

Crisil on Monday lowered its growth forecast to 7 per cent for fiscal 2018. Photo: AP

Crisil slashes GDP forecast to 7 per cent in FY18 on GST hiccups

This year will see some more headwinds in the form of GST related disruptions.

04 Sep 2017 7:09 PM

Market posted third straight weekly rise, registering impressive gains in the week despite heated geopolitical tension. Photo: PTI

Markets post 3rd weekly gain, brave geopolitical tensions

Sensex closed by rising 296.17 points to close at 31,892.23, while Nifty settled above the key 9,900-level.

02 Sep 2017 2:13 PM

India’s stronger currency has become a threat for its growth aspirations. Photo: PTI

Slowdown-hit Indian economy counts costs of stronger rupee

The rupee’s surge is making the country’s exports less competitive and is also driving up imports.

02 Sep 2017 11:08 AM

India’s GDP growth dropped to a three-year low of 5.7 per cent during April-June as manufacturing dipped and the impact of demonetisation lingered on.

Expect weak growth of 6.4 per cent in 2017-18: SBI

Meanwhile, Basu said 2.3 percentage points of growth has been lost due to demonetisation.

02 Sep 2017 2:12 AM

There is a possibility that GDP may slip below 6.5 per cent, said a report by SBI Research. Photo: PTI

India's GDP may slump below 6.5 per cent this fiscal: SBI Research

The report noted that the GDP estimates of Q1 show that impact of demonetisation has not withered completely.

01 Sep 2017 3:55 PM

Rajiv Kumar joined as the new vice-chairman of Niti Aayog on Friday. Photo: Twitter| @NITIAayog

Niti Aayog's new VC Rajiv Kumar denies note ban's effect on dipping GDP

Rajiv Kumar said that with work in progress, the Q1 GDP data should be seen as 'a mere blip' in the progress.

01 Sep 2017 2:37 PM

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Dilip Cherian