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India GDP growth News
India GDP growth
Government pegs FY19 GDP growth at 7.2%: Which sectors will boost Indian economy?
Tue, Jan 08, 2019
The Central Statistics Office (CSO) predicts Indian economy to grow at a rate of 7.2% by end of fiscal 2019, which is higher compared to 6.7% in the previous fiscal. What is noteworthy is that Indian government’s estimate for GDP is lower compared to RBI’s projection of 7.4%.
Nomura optimistic on India; sees GDP to grow by 7.7 pct in January-March
Mon, May 14, 2018
Nomura says despite the moderation in March, industrial production growth averaged 6.2 per cent in the January-March period, up from 5.9 per cent in Q4 (October-December).
India GDP growth forecast: World Bank says 8 pct acceleration possible, but there is a catch
Wed, Mar 14, 2018
India GDP growth forecast: India's economic growth had slipped to a three year low of 5.7 per cent in April-June quarter of the current fiscal, though it recovered in the subsequent quarters. The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1 per cent in 2016-17. The earlier estimate was 6.5 per cent.
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.
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.
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 GDP growth to be around 7.5% in 2018: Nomura report
Mon, Dec 25, 2017
The Nomura report noted that a tightening of monetary policy is likely owing to inflationary pressures and higher oil prices.
RBI's neutral policy stance a recognition of under-control inflation: Finance Ministry
Wed, Dec 06, 2017
"The Monetary Policy Committee (MPC) recognized that inflation remains firmly under control, retaining its inflation projection for the second half of FY 2018 and assessing that the risks to this projection are evenly balanced. For that reason, it has maintained a neutral policy stance," a Ministry statement said.
RBI maintains 'status quo' 2nd time in row; repo rate stands at 6%
Wed, Dec 06, 2017
Policy repo rate under the liquidity adjustment facility (LAF) continues to stand at 6%, while reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25%.
Rate cut or status quo: 14 factors will revolve around RBI decision
Wed, Dec 06, 2017
RBI kept repo rate unchanged at 6% in the last monetary policy meet with a neutral stance citing that rising consumer prices will threaten the trajectory for inflation.
India's GDP growth: Economists cut their forecasts
Tue, Dec 05, 2017
Fitch alone is not disappointed by the country's current growth rate, CRISIL too has projected India's GDP at 6.8% with downside bias from previous 7% for FY18.
India Inc demands rate cut in December policy; will RBI follow?
Sun, Dec 03, 2017
The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet on December 5 and 6 for the Fifth Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be made public on December 6.
GDP data fails to cheer markets; Sensex, Nifty50 slump over 2%
Sat, Dec 02, 2017
According to market observers, upbeat gross domestic product (GDP) growth data for the second quarter of 2017-18 failed to cheer the equity markets as investors remained cautious ahead of major events in the upcoming week.
India's GDP growth recovers to 6.3% in second quarter of FY18
Thu, Nov 30, 2017
The CSO said that GDP at constant (2011-12) prices in Q2 of 2017-18 is estimated at Rs 31.66 lakh crore, as against Rs 29.79 lakh crore in Q2 of 2016-17, showing a growth rate of 6.3 percent.
Indian economic growth set to end five-quarter slide: Reuters poll
Tue, Nov 28, 2017
If that`s correct, the data will be the latest evidence of a broad-based global economic upturn across Asia and most of the world that has many major central banks poised to move away from ultra-easy monetary policy.
Prabhu asks industry to set a timeline for $1 trillion manufacturing revenue
Mon, Nov 27, 2017
The share of manufacturing in GDP has been trending at 16-17 per cent for some years now and the previous Manmohan Singh government had set a target of taking this share to 25 per cent of GDP by the turn of 2025.
Time for India to boost per capita income: Experts
Sun, Nov 26, 2017
A week after Moody's Investors Service upgraded India's sovereign rating, S&P kept its India ratings unchanged at the lowest investment grade of 'BBB-minus' citing sizable fiscal deficits, a high net general government debt burden and low per capita income.
Indian economy on watch-list of S&P; positive rating can be reality in 2018
Sat, Nov 25, 2017
Two major agencies namely Moody's Investor Services and S&P have provided two different ratings outlook for India, one being cautious and other stating positive outlook for the country.
India's GVA growth can inch up to 6.3% in Q2FY18
Tue, Nov 21, 2017
"We expect GVA growth at basic prices to record a sequential recovery to 6.3% in the second quarter from 5.6% in the first quarter, led by a broad-based pick up in industrial growth, even as agriculture, forestry and fishing and services are likely to moderate," rating agency Icra said in a report today.
From GST to bank reforms, here's what Arvind Subramanian said about Indian economy
Tue, Nov 21, 2017
Talking on list of factors in regards to Indian economy, the CEA Arvind Subramanian laid out various measures which the government can adapt for the country's long term prosperity.