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India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank

India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank

Wed, Jan 09, 2019

In 2018, the Chinese economy is estimated to have grown by 6.5 per cent as against India's 7.3 per cent. In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said. 

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Demonetisation slowed down GDP by 2 percentage points in Q4 2016, says economist Gita Gopinath

Demonetisation slowed down GDP by 2 percentage points in Q4 2016, says economist Gita Gopinath

Tue, Dec 18, 2018

India-born Harvard professor Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month. The paper further said that districts experiencing more severe demonetisation had relative reductions in economic activity, faster adoption of alternative payment technologies and lower bank credit growth.

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Fitch Ratings lowers India's FY19 growth forecast to 7.2%

Fitch Ratings lowers India's FY19 growth forecast to 7.2%

Fri, Dec 07, 2018

"We have lowered our growth forecasts on weaker-than-expected momentum in the data, higher financing costs and reduced credit availability," the agency said in its Global Economic Outlook for December.

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GDP Q2FY19 numbers: Revealed! These 2 sectors to slow down Indian economy

GDP Q2FY19 numbers: Revealed! These 2 sectors to slow down Indian economy

Fri, Nov 30, 2018

Many analysts are predicting the GDP growth rate between 7.4% to 7.6% during Q2FY19. This would be lower than the performance of GDP witnessed in Q1FY19.

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GDP Q2FY19: Is there another over 8% growth number in store or is a reality check coming for India?

GDP Q2FY19: Is there another over 8% growth number in store or is a reality check coming for India?

Fri, Nov 30, 2018

Q1FY19 GDP came in at  8.2% as against the last quarter came in at 7.7%. Whereas Gross Value Added (GVA) grew at 8.0%.

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Big relief for Modi govt from oil prices now!

Big relief for Modi govt from oil prices now!

Fri, Nov 23, 2018

"The recent decline in oil prices might compress the CAD by around $5 bn-$6 bn from our estimates of $78 bn in current fiscal. This will imply CAD settling down at 2.6 per cent of GDP (previously 2.8 per cent). Additionally, if crude averages $65 and rupee stays at 70, then petrol and diesel prices could fall further on average by Rs 4 or more," the report said.

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CAD may narrow to 2.6% of GDP in FY19 on falling crude: Report

CAD may narrow to 2.6% of GDP in FY19 on falling crude: Report

Fri, Nov 23, 2018

Following decline in oil prices, the country's current account deficit (CAD) is expected to touch 2.6 per cent of GDP in the current fiscal against an earlier expectation of 2.8 per cent, a report said.

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Time to buy stocks! Enormous damage in markets, but economic fundamentals haven’t deteriorated so badly

Time to buy stocks! Enormous damage in markets, but economic fundamentals haven’t deteriorated so badly

Tue, Oct 30, 2018

It is lack of adequate liquidity in the hands of individual investors, the absence of any inflows from the foreign investors, a significant correction in the global equities and unnecessary exaggerated fear on the markets have led to steep fall in the domestic equity wealth which is unprecedented in terms of magnitude. 

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India's GDP growth skyrockets to 8.2%, emerges as fastest growing economy, but what of employment rate?

India's GDP growth skyrockets to 8.2%, emerges as fastest growing economy, but what of employment rate?

Wed, Oct 10, 2018

Despite the growth rate in the Indian economy, we are having a high unemployment rate in the country as per the new research conducted by the privately-run Azim Premji University which says that the improvement in employment rate in the country is less than one percent.

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India's GDP growth may exceed RBI's projection of 7.4 pc in FY19: Garg

India's GDP growth may exceed RBI's projection of 7.4 pc in FY19: Garg

Sat, Oct 06, 2018

"Government welcomes MPC statement and decision to keep the rates unchanged. Government's assessment of inflation is in line with the MPC's assessment. We believe growth should turn out to be higher than that projected by MPC (monetary policy committee)," he tweeted.

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India will remain world's fastest growing economy even if hit: FinMin official

India will remain world's fastest growing economy even if hit: FinMin official

Sat, Sep 01, 2018

He was responding to a query about senior Congress leader P Chidambaram expressing scepticism over India's GDP growth prospects, saying it would "not be so favourable" in third and fourth quarters, despite the GDP growing at 8.2 per cent in the current fiscal's first quarter.

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GDP growth to exceed 7.5% this fiscal, says DEA Secy

GDP growth to exceed 7.5% this fiscal, says DEA Secy

Sat, Sep 01, 2018

Enthused by 8.2 per cent GDP growth in the first quarter of 2018-19, the finance ministry exuded confidence that the economy could exceed estimated 7.5 per cent growth in the current fiscal.

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India's Current Account Deficit to widen to 2.5% of GDP in FY19: Moody's, experts

India's Current Account Deficit to widen to 2.5% of GDP in FY19: Moody's, experts

Sun, Aug 19, 2018

"India's current account deficit is likely to widen to 2.5 per cent in FY 2018-19, up from 1.5 per cent in fiscal 2017 due to higher oil prices and strong non-oil import demand as domestic demand accelerates," he said. "Net oil imports accounted for 2.6 per cent of GDP in FY 2017-18 and will increase further in fiscal 2019."

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Vajpayee, Manmohan to Modi: Interesting numbers behind GDP slugfest

Vajpayee, Manmohan to Modi: Interesting numbers behind GDP slugfest

Sat, Aug 18, 2018

While the Congress and the BJP continue to fight over India's GDP numbers, a new official data throw some interesting numbers on India's economic growth rate. 

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Centre gung-ho on India being fastest growing economy at 7.7%, but GDP growth feared to be not that good

Centre gung-ho on India being fastest growing economy at 7.7%, but GDP growth feared to be not that good

Fri, Aug 03, 2018

For non-corporate sector, which accounts for 27% of the economy activity, the figures will come by this year-end or early next year. These figures are available only once in five years and evidences so far indicate that this sector has not been doing well, particularly after demonetisation and rollout of GST.

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Experts split over Indian economy; here is what makes economists cut growth forecast

Experts split over Indian economy; here is what makes economists cut growth forecast

Wed, Jul 18, 2018

In a latest move, the International Monetary Fund (IMF) has trimmed India's GDP growth forecast for Indian economy to 7.3% for FY19 fiscal from previous 7.5%.  

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India’ GDP at 18-month high; Private consumption, crude oil still remains concern

India’ GDP at 18-month high; Private consumption, crude oil still remains concern

Sat, Jun 02, 2018

Real GDP growth improved to 7.7% in Q4FY18 compared to 7% in Q3FY18, 6.3% in Q2FY18 and three-year low number of 5.7% in Q1FY18. Such would be fastest pace of growth in seven quarters.

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India logs Q4 GDP growth of 7.7%, beats expectations, but 2017-18 expansion slows to 6.7%

India logs Q4 GDP growth of 7.7%, beats expectations, but 2017-18 expansion slows to 6.7%

Thu, May 31, 2018

Q4 GDP growth: As per the provisional estimates of national income, the growth rate of GDP at constant (2011-12) prices for the financial year 2017-18 is estimated at 6.7 per cent.

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India GDP growth over 7%; Will Q4FY18 number bring a pleasant surprise?

India GDP growth over 7%; Will Q4FY18 number bring a pleasant surprise?

Thu, May 31, 2018

India's Gross Domestic Product (GDP) came in at 7.2% in third quarter October - December 2017 (Q3FY18) - higher compared to 6.3% in Q2FY18. 

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These sectors set to boost India’s GDP numbers past 7% in Q4FY18

These sectors set to boost India’s GDP numbers past 7% in Q4FY18

Wed, May 30, 2018

India's GDP has reached a 1-year high. The last time, the economy stood near 7% mark, it was in the corresponding period of the previous year. 

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