RBI revises GDP growth forecast for 2019-20 to 6.9% from 7.0%
In the MPC’s June resolution, real GDP growth for 2019-20 was projected at 7.0 percent – in the range of 6.4-6.7 percent for H1:2019-20 and 7.2-7.5 percent for H2 – with risks evenly balanced.
Aug 07, 2019, 12:16 PM IST
FM Nirmala Sitharaman to meet bank heads over key sector credit growth
The Financial Stability Report (FSR) of RBI in June stated credit growth of scheduled commercial banks (SCBs) picked up, with public sector banks (PSBs) registering near double digit growth.
Aug 05, 2019, 10:20 AM IST
IMF cuts India's GDP growth forecast to 7% for FY20
The growth is expected to rise to 7.2 percent points in FY21, down by the projected growth rate of 7.5 in the earlier report."India`s economy is set to grow at 7.0 percent in 2019, picking up to 7.2 percent in 2020.
Jul 24, 2019, 11:05 AM IST
Budget advances economic reform, fiscal settings unchanged: Fitch
Fitch said that the extent and timing of any benefits from the budget measures to GDP growth will depend on policy details that are yet to be announced and on effective implementation.
Jul 10, 2019, 15:14 PM IST
Going for growth, India set to borrow more: Economists
The median forecast in the series from the June 28-July 2 poll of over 45 economists showed the government will revise its fiscal deficit target up to 3.5% of gross domestic product (GDP) for the current fiscal year and 3.3% for 2020-21.
Jul 03, 2019, 10:44 AM IST
EAC-PM releases detailed analysis on robustness of India’s GDP estimation methodology
The note also provides a point-to-point rebuttal to a recently published paper titled ‘India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications’ by former CEA Arvind Subramanian.
Jun 19, 2019, 17:29 PM IST
Fitch cuts India growth forecast to 6.6% for 2019-20 fiscal
In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1 percent and 7.0 percent for 2021-22.
Jun 17, 2019, 17:58 PM IST
EAC –PM Chairman refutes claim by former CEA on India's GDP estimates
Subramanian, had published a paper “India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications” in June, 2019, on the basis of which he has also published an article in Indian media, making strong claims about India’s real GDP figures between 2011-12 and 2016-17.
Jun 12, 2019, 17:39 PM IST
RBI lowers economic growth forecast to 7% for FY20
In the April monetary policy, the growth of Gross Domestic Product (GDP) for 2019-20 was projected at 7.2 percent - in the range of 6.8-7.1 percent for the first half of the fiscal and 7.3-7.4 percent for the second part - with risks evenly balanced.
Jun 06, 2019, 13:28 PM IST
Need to shift to structural deficit instead of fiscal deficit: SBI economists
The structural deficit is adopted by many advanced and also emerging markets, they said in a note.
Jun 04, 2019, 10:24 AM IST
India should think big and envision 10% GDP growth rate: CII President
With GDP growth moderating in the last quarter, the CII President emphasized four key drivers for reinvigorating the growth rate, namely boosting consumption, investments, public expenditure on social and physical infrastructure and net exports.
Jun 03, 2019, 15:54 PM IST
India's GDP growth rate slumps to 5.8% in fourth quarter
India’s economic growth rate slowed to five-year low of 5.8% in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released on May 31 said
Jun 01, 2019, 10:18 AM IST
India's Q4 GDP at 5-year low of 5.8%, FY19 GDP at 6.8%
The GDP had expanded by 7.1 percent in 2016-17 and 8.2 percent in 2015-16.
May 31, 2019, 17:45 PM IST
India's GDP growth forecast at 7.1% for FY20
The industry body FICCI's economic outlook survey said the minimum and maximum growth estimate stood at 6.8 percent and 7.3 percent, respectively, for 2019-20.
May 31, 2019, 11:03 AM IST
Paisa, paisa, paisa: Whoever wins the 2019 Lok Sabha elections, the economy will be their biggest challenge
The Indian economy is in a strange shape. Irrespective of the policy priorities of the next government, the economy will be the source of the biggest challenges.
May 15, 2019, 15:01 PM IST
High oil prices an 'Achilles heel' for Indian economy: Report
Also, pipeline inflation risks due to high oil prices further raise the hurdle for rate-cuts.
Apr 23, 2019, 09:49 AM IST
India's economic growth driven by domestic demand, need to focus on exports: WB
Praising attempts to liberalize markets within India, Hans Timmer, World Bank Chief Economist for the South Asia Region said "that is what is needed to become more competitive."
Apr 08, 2019, 08:57 AM IST
Steps to help MSMEs, ease farmers' distress increase risk of fiscal slippage: Moody's
The government had budgeted the fiscal deficit for the current financial year at 3.3 per cent of the gross domestic product (GDP). However, in the April-November period, the deficit touched 114.8 per cent of the budget estimates.
Jan 25, 2019, 18:27 PM IST
Indian economy may grow 7.6% in FY20: UN report
It further said a more robust and sustained recovery of private investment would remain crucial to lift medium-term growth.
Jan 24, 2019, 12:48 PM IST
India to be global growth leader in 2019-20, expected to grow by 7.5%: IMF
India will continue to be the world`s fastest growing major economy, the report said.
Jan 22, 2019, 10:47 AM IST
