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India GDP News
GDP Q3FY19 lowest in 5 quarters; these sectors will drag India’s GDP lower to 7% for FY19
Thu, Feb 28, 2019
A Reuters poll of economists had forecast a growth of 6.9% for the December quarter, compared with a downwardly revised 7.0% rise in July-September.
IIP to impact Indian economy? GDP numbers may come at 6.7% in Q3 - Analysis is here
Mon, Feb 25, 2019
According to SBI’s Composite Index for February month increases marginally to 50.60 which is a low growth compared to same month a year ago.
Grand GDP growth! India likely to surpass UK in the world's largest economy rankings - Check what PwC report says
Sun, Jan 20, 2019
According to World Bank data, India became the world's sixth largest economy in 2017 surpassing France and was likely to go past the UK which stood at the fifth position. PwC's Global Economy Watch is a short publication that looks at the trends and issues affecting the global economy and details its latest projections for the world's leading economies.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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%.
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.