Industry to add $280 billion to GDP from GST in 8-9 years
Industry is expected to contribute $280 billion to India's GDP in eight to nine years due to a positive fallout of the Goods and Services Tax (GST) as structural changes in the ease of doing business will propel growth, a study said on Wednesday.
Jul 05, 2017, 15:04 PM IST
India's economy to grow at 7.4-7.6% in next two fiscals: Fitch Ratings
Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, Fitch Ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.
Jun 20, 2017, 14:33 PM IST
India retains top spot as world's largest remittance recipient country in 2016, receives $62.7 billion: UN report
The study said India was the top receiving country for remittances in 2016 at USD 62.7 billion, followed by China (USD 61 billion), the Philippines (USD 30 billion) and Pakistan (USD 20 billion).
Jun 15, 2017, 10:52 AM IST
HSBC sees India growth unchanged at 7.1% this fiscal
India's growth is likely to remain unchanged at 7.1 percent this fiscal, as investments are low and government spending may not remain high given the fiscal consolidation path the country is treading, says a report.
Jun 08, 2017, 15:51 PM IST
India's services sector growth in May fastest in 4 months
Services sector activity in India grew at the fastest pace in four months in May riding piggyback on higher work orders as companies inducted more people to cope with greater workloads, a monthly survey said on Monday.
Jun 05, 2017, 11:37 AM IST
India to retain ‘fastest growing’ tag; World Bank projects 7.2% growth rate this year
Noting that India is recovering from the temporary adverse effects of demonetisation, the World Bank has projected a strong 7.2 percent growth rate for India this year against 6.8 percent growth in 2016.
Jun 05, 2017, 11:02 AM IST
Chinese media mocks India's GDP figures, says slower growth nasty surprise, self-goal
A state-run Chinese daily said on Friday that India has suffered a setback and a "nasty surprise" in the "elephant versus dragon" race as its GDP growth slowed down in the January-April quarter helping China re-emerge as the fastest growing major economy.
Jun 02, 2017, 15:32 PM IST
India's GDP growth to recover to 7.2% this fiscal: UBS
India's GDP growth is expected to recover from 7.1 percent in 2016-17 to 7.2 percent this fiscal and further to 7.7 percent in 2018-19 largely driven by the government's reform push and recovery in private investments, says a report.
Jun 02, 2017, 14:43 PM IST
India to regain tag of fastest growing economy in Q1: Arvind Panagariya
India will regain the crown of the fastest growing major economy, overtaking China, as early as the first quarter of 2017-18, NITI Aayog Vice Chairman Arvind Panagariya said on Thursday.
Jun 01, 2017, 18:17 PM IST
'For 8 % GDP growth, manufacturing needs to grow at 12-14%'
India's manufacturing sector needs to grow at 12-14 percent for the country's overall growth rate to touch 8 percent, NITI Aayog member V K Saraswat said on Thursday.
Jun 01, 2017, 18:02 PM IST
Look at existing levy before seeking GST rate cut: Jaitley
Finance Minister Arun Jaitley on Thursday asked industry to look into the existing incidence of indirect tax before seeking reduction in Goods and Services Tax rates as proposed by the GST Council.
Jun 01, 2017, 17:42 PM IST
GDP growth of 7-8% 'fairly reasonable', says FM Jaitley
India growing at 7-8 percent is "fairly reasonable" in the current global context, Finance Minister Arun Jaitley said on Thursday while maintaining that the decline in fourth quarter GDP print cannot be attributed to demonetisation alone.
Jun 01, 2017, 13:29 PM IST
'Recovery in growth ahead; policy rates to be on hold in June'
According to Japanese financial services major Nomura, demonetisation effect is expected to slow GDP growth to 7.2 percent in the January-March quarter of this year (from a revised 7.6 percent in October-December 2016).
May 30, 2017, 13:45 PM IST
FY17 GDP growth likely to be revised to 7.6%: SBI Research
India's GDP numbers for the fiscal 2015-16 and 2016-17 are expected to be revised to 8.3 percent and 7.6 percent, respectively, because of new IIP and GDP series, says a report.
May 29, 2017, 15:18 PM IST
UN revises downward India's GDP growth for 2017
The United Nations has revised downward India's economic growth forecast for 2017 but predicted an increased 7.9 percent GDP growth next year as it cautioned that stressed balance sheets in the banking sectors will prevent strong investment rebound in the near term.
May 16, 2017, 20:13 PM IST
'Easing crude prices good for India's inflation, GDP growth'
Average crude oil prices will be around USD 45 for the next half of this year and this, coupled with positive macro fundamentals, could translate into better growth numbers for the country, says a report.
May 11, 2017, 13:40 PM IST
'China may become bystander in competition with resurgent India'
China should take competition from India seriously as the Indian economy may see "explosive" growth in the future, raising prospects of it becoming "China 2.0", according to a Chinese think-tank.
May 11, 2017, 13:16 PM IST
India's economic growth expected to rebound to 7.2% in 2017-18 after temporary disruptions caused by note ban: IMF
India's growth is expected to rebound to 7.2 percent in the 2017-18 fiscal and 7.7 percent in 2018-19 after disruptions caused by demonetisation, the IMF said on Monday, while recommending the removal of long-standing structural bottlenecks to enhance market efficiency.
May 09, 2017, 09:31 AM IST
RBI to hold key rate next month; cut 0.25% in Aug: BofAML
The Reserve Bank is expected to hold the key rate at its monetary policy review next month but may opt for a 0.25 percent cut in August, says a Bank of America Merrill Lynch (BofAML) report.
May 03, 2017, 15:01 PM IST
Fitch keeps India's sovereign rating unchanged at 'BBB-' with stable outlook, projects 7.7% growth rate for this fiscal
Global rating agency Fitch Ratings on Tuesday kept India's sovereign rating unchanged at 'BBB-' -- the lowest investment grade -- with a stable outlook, citing a "weak fiscal position and difficult business environment".
May 02, 2017, 17:14 PM IST
