As per the Department of Promotion of Industry and Internal Trade Policy (DPIIT), the real estate sector is also the third largest sector in terms of FDI flow, it is second largest employment generator, and third largest sector to induce economic growth
New Delhi: The Indian economy is likely to grow at 11 per cent in the current financial year, said the Asian Development Bank (ADB). In its report, ‘Asian Development Outlook…
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 […]
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 […]
Washington: India’s economic growth is “much weaker” than expected, according to the International Monetary Fund (IMF), which attributed it to the corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. India’s GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years, […]
New Delhi: Amid the global coronavirus pandemic, Moody’s Investors Service slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent on Friday. It said the pandemic will cause unprecedented shock to the global economy. The estimate for 2020 compares to 5 per […]
Gurugram: As the telecom players ensured their networks were up and running to meet the unprecedented surge in demand during lockdown times, the sector is currently enabling 30-35 per cent of the GDP in the COVID-19 lockdown and social distancing period, other than the present 6 per cent direct contribution to the GDP, a new […]
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