• 

  India Ratings expects GDP growth of 5.5 per cent for FY21

  Business | January 22, 2020 13:49 IST

  The government has announced a slew of measures recently to prop-up the economy, but Ind-Ra believes they will come to aid only in the medium term. Therefore, all eyes are on the forthcoming union budget, to be presented on February 1, 2020. 

• 

  Prepare for attack by govt on IMF, Gita Gopinath: P Chidambaram on growth forecast

  India | January 21, 2020 12:26 IST

  Senior Congress leader P Chidambaram said he won't be surprised if GDP growth goes even lower after IMF lowered India's economic growth estimate for the current fiscal to 4.8 percent.

• 

  GDP seen dropping to 5 percent in 2019-20: Govt data

  Business | January 07, 2020 18:16 IST

  The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 per cent in the year-ago fiscal, as per the first advanced estimates of the national income released by National Statistical Office(NSO) on Tuesday.

• 

  China to issue GDP figures under new mechanism from 2020

  World | December 29, 2019 20:24 IST

  In November this year, China revised its 2018 GDP, saying the economy was 2.1 per cent bigger than earlier estimated, revising the gross domestic product (GDP) for 2018 to 91.93 trillion yuan (USD 13.1 trillion) from USD 12.8 trillion.

• 

  Economists, experts expect another RBI booster dose to prop up slowing economy

  Business | December 05, 2019 13:02 IST

  In October, the RBI's MPC stuck to its "accommodative stance" by reducing its key lending rate to 5.15 per cent, the lowest in around a decade. The record low repo was set at 4.75 per cent in April 2009 as a result of the global financial crisis.

• 

  GDP should not be treated as Bible, Ramayan and Mahabharat, says BJP MP Nishikant Dubey

  India | December 02, 2019 19:07 IST

  Amid attack by the opposition over the state of the country's economy, BJP MP Nishikant Dubey said in the Lok Sabha on Monday that Gross Domestic Product (GDP) has no relevance and it should not be treated as 'Bible, Ramayan and Mahabharat'.

• 

  4.5 per cent GDP growth rate unacceptable, worrisome: Manmohan

  India | November 29, 2019 20:24 IST

  Former prime minister Manmohan Singh said on Friday the GDP growth rate of 4.5 per cent was unacceptable and worrisome, and urged his successor Narendra Modi to set aside "deep-rooted suspicion" of society and nurse India back to harmonious, mutually trustworthy society that can help the economy soar.

• 

  Economic downturn: India's July-Sept quarter GDP numbers crucial, says report

  Business | November 12, 2019 17:26 IST

  ​India's July-September quarter Gross Domestic Product (GDP) data, scheduled for a release on November 29, will be important as headline growth has already slipped to a six-year low, said Singapore's DBS Bank in its daily report on Tuesday.  

• 

  Fitch raises India's FY20 fiscal deficit forecast to 3.6 per cent of GDP

  Business | November 06, 2019 12:19 IST

  Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak goods and services tax (GST) and corporate income tax collections.

• 

  Govt to soon change definition of MSMEs: Nitin Gadkari

  Business | October 22, 2019 16:26 IST

  The new definition is likely to be effected through an amendment to the MSME Act and may lead to further improvement in India's ease of doing business scenario.

• 

  China's GDP growth slows to 6 per cent in Q3, slowest since 1992

  World | October 18, 2019 16:00 IST

  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.

Advertisement
• 

  IMF downgrades India's GDP growth projection to 6.1 per cent

  India | October 15, 2019 19:08 IST

  The IMF has downgraded India's GDP growth projection to 6.1 per cent in 2019. The new projection is 1.2 per cent down from its April projections. According to IMF, India will grow at 7.3 per cent in 2019. However, three months later it projected a slower growth rate for India in 2019, a downward revision of 0.3 per cent.

• 

  Moody's cuts India GDP growth forecast to 5.8% for FY'20

  Business | October 10, 2019 14:25 IST

  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 economic growth 'much weaker' than expected: IMF

  World | September 13, 2019 6:41 IST

  India's economic growth is "much weaker" than expected, the IMF said on Thursday, attributing the reasons to corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies.

• 

  Sword hanging on livelihood of lakhs of Indians: Priyanka Gandhi on state of economy

  India | September 10, 2019 13:57 IST

  Priyanka Gandhi has launched a scathing attack on the Modi government vis-a-vis economic slowdown. "The economy is falling into a deep abyss of recession. The sword is hanging on the livelihood of lakhs of Indians," Priyanka Gandhi said.

• 

  Education is foundation for happiness and important as GDP of a country: Pranab Mukherjee

  India | September 06, 2019 11:13 IST

  Former president Pranab Mukherjee on Thursday said education is the foundation for the happiness of the people and is as important as the gross domestic product (GDP) of a country.

• 

  Crisil cuts India's FY 2020 GDP growth forecast to 6.3%

  Business | September 05, 2019 7:37 IST

  Just a week back, a plunge in domestic private consumption demand, slump in manufacturing, halving of merchandise exports growth, and a high-base effect from last year gnawed away at first-quarter growth which came in at 5 per cent.

• 

  GDP growth is 5%: Chidambaram mocks Modi government on slowdown

  India | September 03, 2019 17:49 IST

  Former finance minister, P Chidambaram on Tuesday mocked the Modi government on the country's slow economic growth. Chidambaram was questioned by the media about his extended CBI custody outside Delhi court premises when Chidambaram said "5%, GDP is 5%" pointing towards the media.

• 

  Due to dismal GDP, RBI may cut repo by 40 bps: Report

  Business | September 03, 2019 13:47 IST

  Noting the gloomy start to the current fiscal with a dismal 5 per cent growth in the first quarter, broking house Kotak Equities on Tuesday also cut down India's 2019-20 GDP gorwth estimate to 5.8 per cent and said it sees the RBI cutting its key interest rate by 40 basis points (bps) in the central bank's October monetary policy review.

• 

  Manmohan used as 'puppet', economy doing quite well under Modi: BJP

  Politics | September 02, 2019 18:12 IST

  BJP spokesperson Sambit Patra told a press conference that Indian economy is doing "quite well" despite a global slowdown, adding that the Modi government in its six years has laid a "formal foundation" with measures like the GST and tax reforms.