Tag: Gdp

The government on Monday said the fiscal deficit for the current financial year will be contained at 4.6 per cent of GDP

India's economy is projected to grow at a slower-than-expected rate of 5.3 per cent this year, according to a United Nations' report which said the country's slowdown may have bottomed out

Railway Minister Suresh Prabhakar Prabhu Saturday called for greater investment in the sector which will help it grow and in turn increase the gross domestic product (GDP) by 2-3 percent

Global rating agency Standard & Poor's (S&P) has said that it could raise India's sovereign rating if the economy reverts to real per capita gross domestic product (GDP) growth of 5.5 percent

The Covid-induced volatility heavily dented India's economy in the last fiscal as its growth rate plunged (-) 7.3 per cent in FY 2020-21.

New Delhi: India is estimated to grow at a slower pace of 7 per cent in 2018-19 down from 7.2 per cent attained during the previous fiscal, according to an official data. “The growth in GDP during 2018-19 is estimated at 7 per cent as compared to the growth rate of 7.2 per cent in […]

Mumbai: India’s current account deficit (CAD) widened to $16.9 billion during the third quarter of 2018-19 from $13.7 billion reported in the corresponding period of 2017-18, the Reserve Bank of India (RBI) data showed on Friday. However, on a sequential basis, the Q3 CAD moderated from a higher level of $19.1 billion reported in the […]

New Delhi: Former Prime Minister Manmohan Singh on Saturday said that Nyay scheme of the Congress will usher in an era of minimum income guarantee in India, end poverty and restart the economic engine which has “come to a stop” under the Narendra Modi government. In a statement, Singh said that implementation of Nyay, which […]

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: Prime Minister Narendra Modi said on Saturday that the goal to make India a five-trillion-dollar economy is challenging but can be achieved and asked the states to recognise their core competence and work towards raising GDP targets. In his opening remarks at the fifth meeting of the Governing Council of NITI Aayog, the […]

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: India’s economic growth is likely to slow down further to 5.7 per cent in the April-June quarter of this year due to low consumption, weak investments and an under-performing service sector, said a Nomura report. The economy, however, is expected to see some recovery in the July-September quarter, the report added. It attributed the […]

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 […]

New Delhi: Former Prime Minister Manmohan Singh on Sunday said the state of the economy was “deeply worrying” and urged the government to put aside “vendetta politics” and reach out to sane voices and thinking minds to steer the economy out of this “man-made crisis”. The Congress leader said “all-round mismanagement” by the Modi government […]

New Delhi: The sales slump continued to dent the Indian automobile industry in August as the overall sectoral off-take in the domestic market plunged 23.55 per cent. The industry which is suffering from high GST rate and lack of adequate liquidity had recorded a slump of 18.71 per cent in July, the highest monthly sales […]