Tag: Gdp

India's GDP likely to grow 7.4% this fiscal, at 7.6% in 2020-21, says UN Report

New Delhi: The Indian economy is expected to grow at 7.4 per cent in the current fiscal and its GDP growth will rise to 7.6 per cent in 2019-20, before tapering down to 7.4 per cent in 2020-21, according to a UN report released on Wednesday. The report United Nations’ World Economic Situation and Prospects […]

  • Friday, 09 July 2021
India's GDP for 4th quarter grows at 7.7 per cent

New Delhi: India’s GDP(Gross Domestic Product) for the fourth quarter of 2017-18 grew at 7.7 per cent, official data showed here on Thursday. The statement said the provisional estimates of national income, for the financial year 2017-18 is estimated at 6.7 percent. The GDP growth during the third quarter of the fiscal was at 7 […]

  • Wednesday, 07 July 2021
IMF raises global growth forecast over broad-based recovery

Washington: The International Monetary Fund (IMF) on Tuesday raised its global growth forecast for 2017 and 2018 due to a broad-based recovery in Europe, China, Japan and the US. In its latest World Economic Outlook, the IMF forecast that the global economy will grow by 3.6 per cent in 2017 and 3.7 per cent in […]

  • Tuesday, 06 July 2021
India loses 6% GDP annually due to unsanitary conditions: Venkaiah Naidu

New Delhi: The lack of sanitary conditions in India has a serious economic consequence too as it causes a loss of 6 per cent of the GDP every year, said Vice President M. Venkaiah Naidu on Monday. In his address at the ‘Safaigiri Awards’ function organised by the India Today Group on the occasion of […]

  • Tuesday, 06 July 2021
India's external debt rises to $485.8 bn

Mumbai: India’s total external debt for the end-June quarter 2017 rose to $485.8 billion, from $471.9 billion reported for the end-March period, official data showed on Friday. However, on a year-on-year (YoY) basis the debt level increased by 1.29 per cent over the corresponding period of the previous fiscal. “At end-June 2017, India’s external debt […]

  • Tuesday, 06 July 2021
Arun Jaitley
Government working towards getting back earlier growth rate

Mumbai: Finance Minister Arun Jaitley on Friday said the government was working towards getting back the earlier growth rate numbers of the country and was fully prepared for a “responsive action”. Jaitley’s clarification came amid reports of the government planning a financial stimulus to give a boost to the economy as the GDP numbers in […]

  • Tuesday, 06 July 2021
Appropriate action to tackle economic slowdown soon: Jaitley

New Delhi: Acknowledging that private investment was short in coming, Finance Minister Arun Jaitley on Thursday said that the government will come out with “appropriate action” at the right time to boost the economy. “From day one, this is a proactive government. We are analysing the economic indicators and appropriate action will be taken at […]

  • Tuesday, 06 July 2021
Rajiv Kumar takes charge as NITI Aayog Vice Chairman

New Delhi: Rajiv Kumar, who took over as Vice Chairman of NITI Aayog on Friday, rejected criticism that demonetisation was responsible for the fall in Gross Domestic Product growth and said it cannot be blamed for that. “Demonetisation should not be seen as the reason for the fall in GDP. There was a six-week period […]

  • Tuesday, 06 July 2021
'Revision in WPI, IIP base year will raise 2016-17 GDP by 50 bps'

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. […]

  • Monday, 05 July 2021
india internet economy
India's internet economy set to hit $250 bn by 2020

New Delhi: Driven by e-commerce and financial services, India’s internet economy is expected to double from $125 billion to $250 billion — growing from the current five per cent to 7.5 per cent of the country’s GDP, a joint report by The Boston Consulting Group (BCG) and The Indus Entrepreneurs (TIE) said on Friday. With […]

  • Monday, 05 July 2021
china GDP
China sets 2017 growth target at around 6.5%

Beijing: China has set its GDP growth target at around 6.5 per cent for 2017, compared with a target range of 6.5-7 per cent last year, a government report revealed on Sunday. “(China will) pursue better results in actual economic work”, according to the report delivered by Prime Minister Li Keqiang at the opening meeting […]

  • Monday, 05 July 2021
GDP growth slows to 3-quarter low of 7.1 pc in Q2

New Delhi: India’s economy grew at 7.1 per cent in July-September, lowest in three quarters, but still remained ahead of China to retain the tag of the world’s fastest growing major economy. The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 6.3 per cent in July-September quarter of the last fiscal, according […]

  • Tuesday, 29 June 2021
Indian economy grows at 15-quarter high of 8.2% in Q1

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 […]

  • Tuesday, 29 June 2021
RBI retains GDP growth forecast at 7.4 pc for FY'19

Mumbai: The Reserve Bank today retained the GDP forecast for the current fiscal at 7.4 per cent on robust corporate earnings and buoyant rural demand, though it flagged global trade tensions for Indian exports. In the third bi-monthly monetary policy statement for 2018-19, RBI said various indicators suggest that economic activity has continued to be […]

  • Tuesday, 29 June 2021
India to grow at 7.2 per cent in 2018, 7.4 per cent in 2019: UN

Overcoming the slowdown from demonetisation, India's growth rate is projected to accelerate to 7.2 per cent in 2018 and 7.4 per cent in 2019, the UN said, describing the outlook for the country as "largely positive".

  • Tuesday, 29 June 2021