Sat, Sep 30, 2023
Addressing the 118th Annual Convention of the PHD Chamber of Commerce and Industry (PHDCCI), Hardeep Singh Puri said, "Global supply chains are realigning. India is emerging as an alternative supply source given its raw materials, low labour costs, growing manufacturing know-how, and entrepreneurial ability.
Thu, Jun 15, 2023
India will be the third largest contributor to the global gross domestic product (GDP) this year, Chief Economic Advisor, Dr V. Anantha Nageswaran said on Thursday.
Thu, Jun 08, 2023
Prime Minister Modi-led NDA government has completed nine years in office! When PM Modi took oath for the first time, his moto was Sabka Sath, Sabka Vikas, and with this the BJP government embarked upon their journey in 2014 to create an India that is self-sufficient in all aspects. 9 years have passed by, and it is now time to look back at the progress that the country has made in various sectors.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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."
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.
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.
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%.
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.
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.
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.
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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