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  What lower GDP means for you and me?

  Business | August 31, 2019 0:05 IST

  Illustrating the impact of lower GDP growth, R. Nagraj, professor of economics at Indira Gandhi Institute of Development Research, said that given per capita monthly income of Rs 10,534 in 2018-19, annual GDP growth of 5% means that the per capita income will go up by Rs 526 in FY20.

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  Congress asks government to issue white paper on economy

  India | August 27, 2019 17:04 IST

  Addressing a press conference at the party headquarters, Congress leader Anand Sharma said: "India is in a deep financial crisis. The economy is in shambles. All indicators of development are low. And India's GDP is continuously falling."

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  From FPIs surcharge to good news for Auto sector: Top business headlines at this hour

  Business | August 23, 2019 19:07 IST

  Following are the top business stories of Friday, August 23. Nirmala Sitharaman's much-awaited announcement on FPI surcharge is finally here along with some good news for Auto sector that was witnessing its worst crisis in decades. IndiaTvNews.com brings to you the business news round-up of the day.

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  PM Modi inspired stimulus package for economy likely this weekend: IANS

  Business | August 16, 2019 15:52 IST

  Prime Minister Narendra Modi met Union Finance Minister Nirmala Sitharaman today amid reports of a slowdown in various sectors. PM Modi is likely to announce a series of measures to infuse more energy in the economy, news agency IANS reports.

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  Is ‘cherry picking’ of data is what it’s all about?

  India | June 30, 2019 16:04 IST

  A recent IIM Ahmedabad research paper titled ‘Over estimation in the growth rate of National income’ by Sebastian Morris and Tejshwi Kumari used similar methods to conclude that India over-estimated its growth rate.

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  Parliamentary panel for 'realistic' income ceiling to decide 'creamy layer' in OBCs

  India | June 24, 2019 22:21 IST

  The Committee on Welfare of Other Backward Classes (OBCs) also said, in a report, that the income ceiling to determine the ‘creamy layer', should be revised periodically – three yearly or less.

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  Fiscal Deficit at 0.75% of GDP in April: Department of Expenditure figures

  Business | June 23, 2019 12:25 IST

  Fiscal deficit for the month of April was at Rs 1,57,048 crore which is 22 per cent of the budgeted estimate for the year 2019-20, slightly lower than what it was in the same period a year ago and as a percentage to the GDP, the fiscal deficit is at 0.75 per cent, Department of Expenditure (DoE) figures showed.

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  DBS revises India GDP forecast for Fiscal Year 2020 down to 6.8 percent

  Business | June 20, 2019 11:37 IST

  “We revise down our real GDP forecast for FY20 to 6.8 per cent YoY versus 7 per cent earlier,” the bank said.

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  EAC-PM rejects Subramanian's GDP claim, accuses him of cherry-picking data

  Business | June 19, 2019 20:46 IST

  In a paper, EAC-PM said India's GDP estimation methodology stands at par with its global standing as a major and responsible economy. Primary contributors of the paper are economists Bibek Debroy, Rathin Roy, Surjit Bhalla, Charan Singh, Arvind Virmani.

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  Fitch pegs India's growth at 6.6% in 2019-20

  Business | June 17, 2019 21:39 IST

  Fitch was optimistic on India's growth, saying that the monetary and regulatory easing from the Reserve Bank of India, along with a recovery in portfolio inflows, should support a recovery in credit to the private sector and reverse the drag from the negative credit impulse.

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  India's GDP growth overestimated by 2.5 percent, says former CEA; Government rubbishes claim

  Business | June 11, 2019 23:13 IST

  "India changed its data sources and methodology for estimating real GDP for the period since 2011-12. This paper shows that this change has led to a significant overestimation of growth," he said.

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  PM Modi's big win signals strong Indian GDP growth will continue

  India | May 23, 2019 18:57 IST

  Steller performance of Prime Minister Narendra Modi's BJP with another large parliamentary majority will see continuity of macroeconomic policy in the next five years but the key economic challenge now is to continue reforms, brokerages and economists said on Thursday.

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  China slashes GDP target to 6-6.5 per cent amid trade war with US

  World | March 05, 2019 15:47 IST

  Besides the trade war with the US, China is also haunted by the spectre of a continued economic slowdown. Last year, the economy, which is largely dependent on exports, slowed down to 6.6 per cent, the lowest in about three decades.

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  Day ahead of Budget, govt revises GDP growth rate upwards to 7.2 per cent for 2017-18

  Business | January 31, 2019 18:27 IST

  Earlier, the CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.  

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  WEF Davos: Kamal Nath refers GDP as 'fancy figure', says growth must translate to well being on ground

  Business | January 23, 2019 16:06 IST

  At a session on the emerging market outlook at the World Economic Forum Annual Meeting 2019, Nath also strongly defended his government's farm loan waiver decision and said the agricultural sector in India and particularly in his state has been in distress.

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  India's GDP expected at 7.3 per cent in FY 2018-19, says World Bank

  Business | January 09, 2019 6:36 IST

  "India's growth outlook is still robust. India is still the fastest growing major economy," World Bank Prospects Group Director Ayhan Kose said. 

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  Direct tax-GDP ratio of 5.98 per cent during FY18 best in 10 years: Finance Ministry

  Business | January 02, 2019 18:52 IST

  In its 2018 review said, the ministry said: "There is a constant growth in direct tax-GDP ratio over last three years and the ratio of 5.98 per cent in Fiscal Year 2017-18 is the best DT-GDP ratio in last 10 years".

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  Centre set to increase public health spending to 2.5 per cent of GDP by 2025: PM Narendra Modi

  Business | December 12, 2018 11:36 IST

  India reached 32.8 million children and 8.4 million pregnant women over the last three years under Mission Indradhaush, PM said.

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  Base year for GDP calculation revised 5-6 times since independence: Arun Jaitley

  Business | December 05, 2018 23:44 IST

  Jaitley said the opposition went overboard on the issue of CBI versus CBI and it did have a lack of understanding of the issue.

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  Indian economy slows down to 3-month low of 7.1% in Q2; retains fastest growing major economy tag

  Business | November 30, 2018 21:24 IST

  According to government data released on Friday, the Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 6.3 per cent in July-September quarter of the last fiscal.