Gdp
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Crisil cuts India's FY 2020 GDP growth forecast to 6.3%
Business | Sep 05, 2019, 07:37 AM ISTJust 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.
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GDP growth is 5%: Chidambaram mocks Modi government on slowdown
India | Sep 03, 2019, 05:49 PM ISTFormer 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.
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Due to dismal GDP, RBI may cut repo by 40 bps: Report
Business | Sep 03, 2019, 01:47 PM ISTNoting 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.
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Manmohan used as 'puppet', economy doing quite well under Modi: BJP
National | Sep 02, 2019, 06:12 PM ISTBJP 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.
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GDP slump signals significant deceleration in investment, consumption: FICCI
Business | Aug 31, 2019, 04:06 PM ISTIndia's economic growth dropping to an over six-year low of 5 per cent in April-June 2019 is indicating a "significant deceleration" in both investment and consumer demand, industry body Ficci said on Saturday.
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Economy punctured: Priyanka Gandhi slams Centre over fresh GDP and jobs data
India | Aug 31, 2019, 04:35 PM ISTTaking to microblogging site Twitter, Priyanka said: "It is clear from the GDP (Gross Domestic Product) growth rate that the BJP government, which is blowing the trumpet of good days, has punctured the economy."
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What lower GDP means for you and me?
Business | Aug 31, 2019, 12:05 AM ISTIllustrating 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 | Aug 27, 2019, 05:04 PM ISTAddressing 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 | Aug 23, 2019, 07:07 PM ISTFollowing 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 | Aug 16, 2019, 03:52 PM ISTPrime 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 | Jun 30, 2019, 04:04 PM ISTA 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 | Jun 24, 2019, 10:21 PM ISTThe 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 | Jun 23, 2019, 12:25 PM ISTFiscal 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 | Jun 20, 2019, 11:37 AM 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 | Jun 19, 2019, 08:46 PM ISTIn 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 | Jun 17, 2019, 09:39 PM ISTFitch 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 | Jun 11, 2019, 11:13 PM 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, 06:57 PM ISTSteller 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 | Mar 05, 2019, 03:47 PM ISTBesides 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 | Jan 31, 2019, 06:27 PM ISTEarlier, the CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.