India is best positioned within Asia to deliver domestic demand alpha. Its cyclical recovery will be sustained by structural factors.
In a statement after the Monetary Policy Committee's bi-monthly meet, RBI Governor Shaktikanta Das said the real GDP growth is projected at 17.2 per cent in Q1FY23, at 7 per cent in Q2; at 4.3 per cent in Q3 and Q4 at 4.5 per cent.
India's economy is estimated to clock a growth of 9.2 per cent in terms of real GDP for FY22, official data showed on Friday. In 2020-21, India's economy had contracted by (-)7.3 per cent.
New Delhi: The Indian economy grew at 15-quarter high of 8.2 per cent in the April-June quarter of current fiscal on good show by manufacturing and farm sectors, according to the government data released today. The growth cemented India’s position as the fastest growing major economy, clocking higher expansion rate than China’s 6.7 in the […]
Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research today said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that has been prolonged to […]
New Delhi: The GDP growth rate of the country plunged to 5.8 per cent during the January-March quarter of the financial year 2018-19, from 7.7 per cent growth witnessed during the same quarter of the previous year, data from the Central Statistical Office showed. For the fical year 2018-19, the country recorded a GDP growth […]
New Delhi: Hit hard by the 5-year low GDP growth and a 45-year high unemployment rate of 6.1 per cent, the newly formed Modi government swung into action and on Wednesday, as it formed two new cabinet committees to check the declining trend in growth and employment and spur demand as well as consumption. A […]
New Delhi: Amid a debate over variance in numbers in the Economic Survey and the Budget, Finance Minister Nirmala Sitharaman Wednesday said both the documents present consistent picture and her budget numbers are authentic and projections based on realistic estimates. “The data which is given in the Budget is 100 per cent above board…there need […]
New Delhi: Days after Arvind Subramanian’s paper on overestimation of GDP figures sparked a debate, the former Chief Economic Advisor Subramanian on Wednesday came out with further evidence on the topic. One of the key arguments he made was that post-2011 there has been a “collapse” in investment by 9.5 per cent, export by 16.7 […]
Mumbai: The economy will not be able to achieve the official forecast of 7 percent growth in FY20, making it a second consecutive year of sub-7 percent expansion, says a report. Singaporean lender DBS estimates FY20 growth to stay at 6.8 percent, the same as FY19. The economic survey earlier this month had pegged growth […]
Mumbai: The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduces repo rate by 35 basis points to 5.40 per cent to boost the slowing economy. The six-member monetary policy committee (MPC) also maintained the accommodative stance on the monetary policy. Noting that inflation is currently projected to […]
New Delhi: Severe slowdown in manufacturing activity in the country pulled India’s first quarter (Q1) 2019-20 growth rate to 5 per cent, marking the fourth successive quarter of decline in growth rate on the trot. This is the slowest GDP growth in the last over six years. From 8 per cent during Q1 2018-19 to […]
Chennai: Amid the economic slowdown plunging August sales of automobiles to the lowest since 1997-98 indicating further worsening of demand and investment, Finance Minister Nirmala Sitharaman will elaborate on the decisions and initiatives taken by the Modi2.0 government in last 100 days. She will address media on “Furthering Development — 100 days of bold initiatives, […]
New Delhi: US rating multinational Moodys Investor Services on Thursday cut its 2019-20 growth forecast for India to 5.8 per cent, from its earlier 6.8 per cent, saying the economy was experiencing a pronounced slowdown on account of multiple, domestic and long-lasting factors. “While we expect a moderate pick-up in real GDP growth and inflation […]
New Delhi: The outlook for the Indian economy for the current fiscal seems to get bleaker by the day as major economic forums and institutions have of late revised the country’s GDP forecast downwards, with the International Monetary Fund (IMF) being the latest in the fray. The IMF in its World Economic Outlook released on […]