New Delhi: The country’s GDP for 2016-17 will get a 50 basis points (bps) push to 7.6 per cent from the government’s estimate of 7.1 per cent, due to the recent revision of the base year of the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP), India’s former chief statistician Pronab Sen said. […]
New Delhi/Mumbai: Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer sentiment and shore […]
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