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India GDP News
India's GDP at 7.2% in Q3FY18; second advance estimate stands at 6.6% for FY18
Wed, Feb 28, 2018
GDP at constant (2011-12) prices in Q3 of 2017-18 is estimated at Rs 32.50 lakh crore, as against Rs 30.32 lakh crore in Q3 of 2016-17, showing a growth rate of 7.2%.
List of factors to surround RBI decision on monetary policy
Wed, Feb 07, 2018
RBI has kept policy repo rate unchanged at 6% in the past two monetary policy meetings along with accommodative stance due to fear of higher inflation and macro-economic data.
First revised GDP estimates of FY15, FY16 and FY17 to be released today
Wed, Jan 31, 2018
Based on these estimate, then accordingly the CSO will revise further the GDP and GVA estimate for FY18 as second advance estimate on February 2018.
IBC a helping tool for twin balance-sheet, investment crisis: Economic Survey
Mon, Jan 29, 2018
The issue of twin balance-sheet and low private investment due to banks' stressed assets and over-leveraged corporate books hampering the growth prospects.
IMF's 7.4% growth forecast for India in FY19 a boost to Modi govt
Tue, Jan 23, 2018
IMF in its World Economic Outlook update, January 2018, said that India will grow 7.4% and 7.8% in FY19 and FY20, respectively.
Indian economy's four-year low data surprise experts, analysts
Mon, Jan 08, 2018
GDP numbers stood at 6.3% in the second quarter of FY18 (Q2FY18) from 5.7% in the preceding quarter.
Government hopeful of higher GVA in agriculture sector in 2017-18
Mon, Jan 08, 2018
Following release of the Advance Estimate (AEs) of GDP and GVA for the economy for 2017-18, the Ministry of Agriculture and Farmers` Welfare on Sunday said that the agriculture sector is estimated to register a higher GVA in the next financial year.
India's FY18 GDP growth estimated at 6.5%, says CSO data
Fri, Jan 05, 2018
Anticipated growth of real GVA at basic prices in 2017-18 is 6.1 percent as against 6.6 percent in 2016-17, said the CSO report.
Indian economy to be 5th largest in 2018: World Economic League
Wed, Dec 27, 2017
It would be the first time when the Indian economy will overtake the UK and France in real money dollar terms, the ninth-edition of the report released by London-based Centre for Economics and Business Research showed.
Fitch Ratings cut India's FY18 GDP growth forecast to 6.7%, says rebound weaker than expected
Mon, Dec 04, 2017
The US-based ratings agency said growth has "repeatedly disappointed" in recent quarters, partly because of one-off factors including the demonetisation programme of November 2016 and disruptions related to the implementation of the Goods and Services Tax (GST) in July 2017.
GST has made made trade easier, expanded market for business: Jaitley
Sat, Dec 02, 2017
Referring to the GDP growth rising to 6.3 percent afer a five quarter slump, he said it shows that structural reforms benefit in the medium and long term.
Will India's GDP reverse course in Q2FY18?
Wed, Nov 29, 2017
Niti Aayog's Vice-Chairman Rajiv Kumar earlier expressed his confidence stating that India's economic growth in Q2FY18 is expected to soar between 7% and 7.5%. Considering an economist's forecast, this number was a higher projection.
Sensex edges higher ahead of GDP data; cautious on North Korea
Wed, Nov 29, 2017
Boader gains on Wednesday were capped as caution over the latest missile test by North Korea and softness in Chinese shares hit Asian markets. MSCI`s broadest index of Asia-Pacific shares outside Japan was down 0.08 percent.
Govt not disappointed by S&P rating action: Eco Affairs Secy
Sat, Nov 25, 2017
S&P kept the rating for India unchanged at 'BBB-minus' with 'stable' outlook saying vulnerabilities stemming from low per capita income and high government debt balance strong GDP growth.
India moves up one notch to 126 in GDP per capita terms
Sun, Nov 19, 2017
The data, which forms part of the latest World Economic Outlook report of the International Monetary Fund, ranks over 200 countries in terms of per capita GDP based on purchasing power parity (PPP).
1-year of Demonetisation: This move became "ache din" for mutual funds industry and Indian markets
Wed, Nov 08, 2017
On November 08, 2016, Modi scrapped high denomination notes namely Rs 500 and Rs 1000 - accounting 86% of India's currency. This event has been a hot topic since then across the country.
Job creation in India Inc grows at slower pace; Banks, IT, Healthcare top employers
Tue, Oct 31, 2017
Banks, IT, retailing, and healthcare continue to provide increasing job opportunities while sectors like mining, power, telecom have witnessed reduction in the employees.
MPC minutes: Bleak chances of rate cuts in Dec, says Nomura
Thu, Oct 19, 2017
Though the economy has bottomed out in the first quarter and retail inflation may stay under 3 per cent in October, since core inflation is likely to be above 4 per cent, we expect the rates to remain unchanged even in the December policy, said Japanese brokerage Nomura.
India GDP: IMF's forecast not surprising; problems way beyond demonetisation, GST
Thu, Oct 12, 2017
IMF and many economists have forecasted India's GDP growth to range between 6.5% to below 7% for fiscal year 2017-18 (FY18)
RBI chooses inflation over growth, keeps repo rate unchanged
Wed, Oct 04, 2017
RBI has decided to keep key rates unchanged during its bi-monthly monetary policy meeting in Mumbai on October 4, 2017. RBI also revised GVA growth downwards to 6.7% from its earlier projection of 7.3%.