Mine sector output: Observing that the states are the ones that would implement on the ground whatever policies and laws are made at the Centre, Coal minister Pralhad Joshi said the conclave has been organised in line with the central government's philosophy of 'Sabka Saath, Sabka Vishwaas'.
In the first quarter of FY 22, the economy grew 20.1 per cent. For the fiscal 2022, RBI has estimated real GDP growth to be at 9.5 per cent -- 7.9 per cent in Q2, 6.8 per cent in Q3 and 6.1 per cent in Q4.
India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated, S&P Global Ratings said on Wednesday.
The data released by th Ministry of Statistics on Tuesday showed that the country's GDP has recovered swiftly to clock a growth of 20.1 pc in the Apr-June quarter of FY22 as against a contraction of 24.4 pc seen in the same period of previous year.
China’s economy, which was the first to be hit by the coronavirus pandemic and early to recover from its impact, grew 2.3 per cent in 2020, registering the lowest annual growth rate in 45 years.
After the Budget 2021-22 announcement on Monday, Economic Affairs Secretary Tarun Bajaj had said that real GDP growth would be 10-10.5 per cent in the next fiscal.
Reserve Bank of India (RBI) Governor Shaktikanta Das briefed mediapersons on Aug 06.
The Indian economy grew at 3.1 percent in the January-March quarter (Q4) of 2020, official gross domestic product (GDP) data released on Friday showed. For the full FY20 financial year, the number came to an 11-year-low of 4.2 percent against 6.1 percent in 2018-2019.
RBI Governor Shaktikanta Das in a presser amid lockdown situation in the country due to the outbreak of coronavirus which has impacted businesses at large said that they are expecting normalcy to return in the second half of the year.
India's GDP is likely to range between a decline of 0.9 per cent and a growth of 1.5 per cent in the current financial year, with the economy undergoing a "turbulent" phase caused by the coronavirus-induced lockdown, according to a report.
The ongoing 21-day lockdown across the country has directly and predictably impacted the electricity demand across the country, worsening an already bad situation
Overseas investors invested only Rs 6,554 crore in Indian markets on a net basis in February, as they adopted a cautious stance amid coronavirus scare, subdued economic data, and disappointing corporate earnings.
The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.
The Reserve Bank of India on Thursday unexpectedly hit a pause button on cutting interest rates as it gave more importance to prevailing inflation pressure and rising food prices over a worrying slowdown in the economy.
India's GDP growth had dipped to about a six-year low of 5 per cent in the first quarter of the fiscal.
Moody's attributed the deceleration to an investment-led slowdown that has broadened into consumption, driven by financial stress among rural households and weak job creation.
"India's growth forecast for fiscal year 2019 (FY20) is lowered to 6.5 per cent after growth slowed markedly to 5 per cent in the first quarter, April–June," said the Asian Development Outlook (ADO) 2019 Update.
The International Monetary Fund (IMF) in July projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, saying its Gross Domestic Product (GDP) will now grow respectively at the rate of 7 per cent and 7.2 per cent, reflecting a weaker-than-expected outlook for domestic demand.
Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 per cent from the previous estimation of 6.8 per cent.
A day before the Union Budget, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey in both Houses of Parliament Thursday. The Survey projected the GDP growth for 2019-20 at 7 per cent, up from 6.8 per cent in the previous fiscal.
Top News
Latest News
