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India is keen to increase its manufacturing share in GDP from 17% to 25%: Union Minister Hardeep Puri

India is keen to increase its manufacturing share in GDP from 17% to 25%: Union Minister Hardeep Puri

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.

India to be third largest contributor to global GDP, says CEA

India to be third largest contributor to global GDP, says CEA

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.

9 Years of Modi: Unveiling India's Digital & Economic Revolution from Digital India to Make in India

9 Years of Modi: Unveiling India's Digital & Economic Revolution from Digital India to Make in India

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.

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India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

Mon, Jan 30, 2017

Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.

Can Modi's Budget 2017 pave the road to double farm income?

Can Modi's Budget 2017 pave the road to double farm income?

Mon, Jan 30, 2017

With good monsoons and 7th Pay Commission bounty, analysts expect rural India to do well. However, Prime Minister Narendra Modi's demonetisation programme that started on November 9, 2016 has put a spanner in his works.

FRBM panel for liberal view on fiscal deficit

FRBM panel for liberal view on fiscal deficit

Tue, Jan 24, 2017

The N K Singh panel has suggested a liberal approach on fiscal consolidation to ensure that the government's power to spend on development is not restricted even as its member Arvind Subramanian, CEA, has expressed some reservations on certain aspects of the report.

India's GDP growth to drop, but rebound likely in second half of 2017: Nomura

India's GDP growth to drop, but rebound likely in second half of 2017: Nomura

Wed, Jan 18, 2017

India's growth numbers are likely to slide in the next two quarters, but a sharp rebound is expected in the second half (H2) of 2017 as the demonetisation impact will be transitory and not long lasting, says a Nomura report.

IMF cuts India's GDP forecast for FY17 to 6.6%

IMF cuts India's GDP forecast for FY17 to 6.6%

Mon, Jan 16, 2017

The International Monetary Fund (IMF) cut India's growth forecast for the current financial year (FY17) by 1% and cut it by 0.4% for the next fiscal year. The reason for this is primarily due to the demonetisation move taken by the government in November 2016.

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Mon, Jan 16, 2017

The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.

India's contribution to world GDP to rise 17% this year: PwC

India's contribution to world GDP to rise 17% this year: PwC

Thu, Jan 12, 2017

The spotlight will shift away from China to India and Indonesia as they become the powerhouses of growth in the world.

India to see lower GDP growth for two quarters on cash crunch: HSBC

India to see lower GDP growth for two quarters on cash crunch: HSBC

Thu, Jan 12, 2017

India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.

Growth in 2016-17 would be 7% to 7.75%, NITI Aayog says

Growth in 2016-17 would be 7% to 7.75%, NITI Aayog says

Thu, Jan 12, 2017

The 12th Five-Year Plan appraisal document, prepared by NITI Aayog has made a strong case for clear tax policies and focus on manufacturing, even as it exuded confidence that growth in 2016-17, the final year of the Plan would be 7 per cent to 7.75 per cent.

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Mon, Jan 09, 2017

Global brokerage Citigroup has lowered India's growth forecast to 6.8% for this fiscal from 7.2% earlier, as cash crunch has affected pick-up in consumption while uncertainty around demonetisation may further delay any recovery in private investments.

Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Fri, Jan 06, 2017

The Indian government said economic growth would slow down to 7.1 % in the fiscal year ending in March from 7.6 % a year earlier.

GDP growth revised lower but doesn't factor in demonetisation

GDP growth revised lower but doesn't factor in demonetisation

Fri, Jan 06, 2017

The growth in GDP during 2016-17 is estimated at 7.1% as compared to the growth rate of 7.6% in 2015-16, Ministry of Statistics & Programme Implementation said.

Full Text: 10 things President Pranab Mukherjee's said on demonetisation

Full Text: 10 things President Pranab Mukherjee's said on demonetisation

Fri, Jan 06, 2017

President of India Pranab Mukherjee delivered his address to Governors and Lt. Governors via video conferencing on January 5, 2017 where he gave his views on demonetisation and Indian economy.

How India lobbied Moody's for ratings upgrade, but failed

How India lobbied Moody's for ratings upgrade, but failed

Fri, Dec 23, 2016

Since storming to power in 2014, Modi has unveiled measures to boost investment, cool inflation and narrow the fiscal and current account deficits, but his policies have not been rewarded with a ratings upgrade from any of the "big three" global ratings agencies, who say more is needed.

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Wed, Dec 21, 2016

"Achieving the inflation target ... remains the primary objective," RBI Governor Urjit Patel said in the minutes.

Demonetisation will push India's GDP growth: Piyush Goyal

Demonetisation will push India's GDP growth: Piyush Goyal

Sun, Dec 04, 2016

Notwithstanding economists` prediction that demonetisation would hit the country`s Gross Domestic Product (GDP) growth, Union Minister Piyush Goyal on Saturday said when informal economy goes into the formal mode with the banning of high-value currency, this will add to the GDP.

Demonetisation impact: GDP growth may fall to three-year lows

Demonetisation impact: GDP growth may fall to three-year lows

Fri, Dec 02, 2016

Sunil Kumar Sinha, Principal Economist and Director Public Finance of India Ratings said, “Disruption has been caused at various level of economy due to de-legalisation of banknotes of Rs 500 and Rs 1000 denominations. Ind-Ra analysis shows that the economic cost of the de-legalisation will be Rs1.5 lakh crore for FY17.”

Chilled by demonetisation, India to take cold comfort from strong GDP

Chilled by demonetisation, India to take cold comfort from strong GDP

Wed, Nov 30, 2016

India can ill-afford to take much pride in having the world`s fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government`s sudden demonetisation drive.

PM Modi's demonetisation drive may shave off 0.5% from India's GDP this year

PM Modi's demonetisation drive may shave off 0.5% from India's GDP this year

Fri, Nov 18, 2016

GVA or Gross Value Added is a measure of the value of all goods and services produced in an economy.

Elimination of high-denomination notes is a good thing; here's why

Elimination of high-denomination notes is a good thing; here's why

Wed, Nov 09, 2016

Kotak Institutional Equities said, “We see the government’s move as a positive for the economy in the medium term. The latest step appears to be the final one in the government’s systematic approach to remove black money from the economy.”

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