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India GDP 2017

India loses fastest growing economy rank; IMF slashes 2017 growth rate by 0.5 % to 6.7%

India loses fastest growing economy rank; IMF slashes 2017 growth rate by 0.5 % to 6.7%

Tue, Oct 10, 2017

But according to the report, it is only a temporary setback for India, and it projected India to regain the top spot next year with a 7.4% growth rate for the gross domestic product (GDP) even though that estimate was also down from the 7.7% made in July.

India seen staying fastest growing major economy in Jan-March quarter: Reuters poll

India seen staying fastest growing major economy in Jan-March quarter: Reuters poll

Mon, May 29, 2017

he median forecast from a poll of 35 economists showed the Indian economy grew 7.1 percent annually in the first three months of this year. Forecasts ranged from 6.5 to 7.8 percent.

Gap between India's GDP and GVA widens further

Gap between India's GDP and GVA widens further

Thu, Mar 02, 2017

Teresa John of Nirmal Bang in a report said, “Our earlier estimates had assumed no significant difference between GVA and GDP as both had exhibited a converging trend in the earlier quarters. However, the CSO believes that higher indirect tax collection and lower subsidies have pushed up the indirect tax component of GDP, resulting in divergence between GVA and GDP. “

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Demonetisation likely to be credit positive for India, Moody's says

Demonetisation likely to be credit positive for India, Moody's says

Wed, Mar 01, 2017

Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.

India's Q3 GDP numbers may not have recorded true impact of demonetisation

India's Q3 GDP numbers may not have recorded true impact of demonetisation

Wed, Mar 01, 2017

State Bank of India (SBI) in its report said, “The Q3FY17 estimates are crucial in the sense that it should have given the impact of what happened in the economy during those two months of demonetisation.”

Budget raises India's capital market ambitions

Budget raises India's capital market ambitions

Mon, Feb 06, 2017

The government intends to raise Rs 110 billion from the listing of state-owned insurance companies, Rs 465 billion from the sale of stakes in state-owned companies on local stock exchanges and Rs 150 billion from strategic sales in 2017-18.

Economy to grow more than 7% next fiscal: Das

Economy to grow more than 7% next fiscal: Das

Sat, Feb 04, 2017

Drawing on Finance Minister Arun Jaitley's statements, the secretary said there will be transient impact of demonetisation on the economy, but it will not spill over to the next fiscal.

Demonetisation: Short term pain may outweigh Indian economy's long term gains

Demonetisation: Short term pain may outweigh Indian economy's long term gains

Wed, Jan 11, 2017

Dan Martin, Senior Analysts of Fitch Ratings said, “The impact on the economy will increase the longer the disruption continues, but Fitch has already revised India's GDP growth forecast for FY17 to 6.9% from 7.4%.”

7.1% GDP estimate erroneous, says Icra

7.1% GDP estimate erroneous, says Icra

Sat, Jan 07, 2017

"Given the impact of demonetisation on actual activity from mid-November 2016 onward, projecting GDP growth for the full year by extrapolating the trends up to October 2016 for several sectors, may introduce more errors than in earlier years. This would be particularly apt for cash intensive sectors such as construction," Icra said in a statement.

Note-ban impact: SBI Research pegs FY17 GDP down to 6.7%

Note-ban impact: SBI Research pegs FY17 GDP down to 6.7%

Sat, Jan 07, 2017

"Our assessment of a 6.7 per cent GDP growth (in FY17) with a downward bias is based on the premise that the liquidity shock has led to a drastic consumer spending shock," an SBI Research's Ecowrap report said.

Economy likely to grow at 7.6% in 2016-17: NCAER

Economy likely to grow at 7.6% in 2016-17: NCAER

Sun, Nov 06, 2016

The manufacturing sector is also giving positive signals with Purchasers' Managers Index, Index of Industrial Production for core sectors and auto sales going up.

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