India continues to be among the fastest growing major economies in the world, India’s relative standing remains unaffected.IMF in their latest World Economic Outlook has stated that Indian Economy is set to grow at 6.1% in 2019, picking up to 7 % in 2020.
"3 years since Demonetisation and every claim made by the government and those hailing it as a slayer of all evils has been turned on its head. It proved to be a disaster that has all but destroyed our economy," Priyanka Gandhi said in a tweet.
The country is being pushed towards "financial emergency" because of the Centre's "wrong" economic policies, the Congress said on Thursday. Even three years after the demonetisation exercise, the country is still facing its after-effects, the party said on the eve of the Modi government's November 8, 2016 decision to scrap high-value notes.
Collectively, power from all non-coal sources grew by about 24,000 gigawatt hour or 8.4 per cent to the end of October 2019 with hydro, solar and nuclear energies adding substantially to their generation levels and continuing upwards.
The study, which was published by Gallup and Gilani Pakistan on Tuesday, said 53 per cent of respondents believe the country's economy, specifically increasing inflation, is the biggest problem facing the country.
The clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entities to declare their unaccounted gold holding without risk of being prosecuted.
Terming the killing of truckers as an attack on the economy and livelihood of the people, Jammu and Kashmir Police chief Dilbag Singh on Saturday said the investigation into such cases was underway and that the police have got important clues.
A majority of the launches across the smaller cities reached the initial 1000-orders-a-day milestone within a few weeks, if not days, Goyal said in a blog. While average order value is lower in non-metro cities by 20 per cent, the cost of delivery is lower by 50 per cent making the economics superior in comparison to the metro cities, he added in the blog.
Union minister Prakash Javadekar said here on Saturday that an "atmosphere" of economic slowdown prevails world over, but India is still the "fastest developing" economy.
China's growth slumped to 6 per cent in the third quarter of 2019, its lowest level in nearly three decades, as the world's second largest economy struggled to overcome the impact of a bruising trade war with the US and sluggish domestic demand, according to official data released on Friday.
The International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed.
He said that Prime Minister Narendra Modi ridiculed his predecessor Manmohan Singh, mocked the Congress everywhere and even alleged that India achieved nothing in 70 years.
The apex bank, in its monetary policy report, said the forward-looking indicators suggest that world trade is likely to slow down further this year.
The Maharashtra unit of Congress on Tuesday slammed RSS chief Mohan Bhagwat over his claims that the Rashtriya Swayamsevak Sangh had nothing do with lynchings and there was no economic slowdown in the country.
With Pakistan's economy facing serious woes, army chief Gen Qamar Javed Bajwa has stepped in to give a pep talk to prominent business leaders, who vented their anger at the Imran Khan government's tepid response to their problems on Friday.
He also alleged that while Modi was busy campaigning for US President Donald Trump, he was also "dismantling" India's Constitutional order.
The Indian economy is expected to start its recovery from later part of this fiscal thanks to the initiatives taken by the Reserve Bank for policy rate transmission and steps by the government to boost growth, says a report.
Democracy, judiciary and infrastructure will lead us to our goal of becoming a $5 trillion economy, Prime Minister Narendra Modi said at the Bloomberg Global Business Forum
Tax bonanza for individuals could be on cards as the Modi government is planning to slash existing tax rates for individual taxpayers in an effort to boost demand. The news comes after task force on direct taxes recommended revising income tax slabs.
Wadhera welcomed the bold announcements including the reduction of the corporate tax rate to 22 per cent and no minimum Alternate Tax for companies not availing incentives under the Income Tax Act.
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