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Budget 2019: Economic Survey sees economy at $5 tn, 8% growth rate; here's what FM Sitharaman can do to boost GDP

Budget 2019: Economic Survey sees economy at $5 tn, 8% growth rate; here's what FM Sitharaman can do to boost GDP

Thu, Jul 04, 2019

Post Economic Survey announcement, experts believe a few measures can actually help achieve this target, and one can expect certain announcements tomorrow during the presentation of Budget 2019.

India GDP 2019-20: Good news! Political stability, repo rate cut to push growth up to 7.5% in H2, says RBI

India GDP 2019-20: Good news! Political stability, repo rate cut to push growth up to 7.5% in H2, says RBI

Thu, Jun 06, 2019

In the latest Monetary Policy released Thursday, Reserve Bank of India has revised the GDP estimate for GY 2019-20.

India's GDP growth rate slumps to 5.8% in fourth quarter

India's GDP growth rate slumps to 5.8% in fourth quarter

Sat, Jun 01, 2019

India’s economic growth rate slowed to five-year low of 5.8% in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released on May 31 said

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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.”

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.

India to be able to present Union Budget around February 1: Shaktikanta Das

India to be able to present Union Budget around February 1: Shaktikanta Das

Fri, Nov 04, 2016

The Government of India is likely to present the Union Budget 2017-18 by around February 1 next year, said economic affairs secretary Shaktikanta Das in an interview to a television channel on Thursday.

Rupee falls 10 paise against dollar on weak GDP data

Rupee falls 10 paise against dollar on weak GDP data

Thu, Sep 01, 2016

The Indian economy grew at the slowest pace in last six quarters at 7.1% in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.

India's first quarter GDP growth slows to 7.1%

India's first quarter GDP growth slows to 7.1%

Wed, Aug 31, 2016

Abheek Barua, Chief Economist, HDFC Bank said, "While an unfavorable base effect is at play, there is a likely slowdown in services sector activity, which alone explains more than half of the moderation in overall growth. Within the industrial sector, while mining has shown positive traction, there is a possible moderation in activity for manufacturing and construction sectors."

Indian economy likely to grow at 7.8% in FY17: Ficci

Indian economy likely to grow at 7.8% in FY17: Ficci

Tue, Aug 30, 2016

Indian economy is estimated to grow at 7.8% in the current financial year of 2016-17 (FY17) on the back of good monsoon, better performance of agriculture and industry sector, said a latest survey by Ficci.

‘Work In Progress': India to grow at 7.6% this year, RBI says

‘Work In Progress': India to grow at 7.6% this year, RBI says

Tue, Aug 30, 2016

RBI, in its annual report, said, "Expectations of a good monsoon (which has already started to show some positive signs) coupled with more money in the hands of government servants (as a result of the implementation of the 7th Pay Commission recommendations) should boost consumer demand."

Moody's retains India GDP forecast, ups China's estimates

Moody's retains India GDP forecast, ups China's estimates

Thu, Aug 18, 2016

A change in US policy stance that contributes to a weakening of the current global trade and security architecture could have a detrimental impact on global confidence and growth, and would prompt us to revise our forecasts, Moody's said.

Economic growth of over 8% for 30 years will bring the best of the world to India: PM Modi

Economic growth of over 8% for 30 years will bring the best of the world to India: PM Modi

Sat, Aug 06, 2016

PM Modi said, “India is among the fastest growing economies in the world. The world is in recession. Despite the purchasing capacity of world going down, we have a growth rate of 7.6%.”

Services PMI rises to three-month high in July on buoyant orders

Services PMI rises to three-month high in July on buoyant orders

Wed, Aug 03, 2016

"The Indian service economy started the second semester on a solid footing, posting its strongest performance since April and thereby indicating that underlying demand conditions remained reasonably firm," said Pollyanna De Lima, economist at survey compiler Markit.

Citi says India's 2016-17 growth at 7.7% on monsoon, Pay panel award

Citi says India's 2016-17 growth at 7.7% on monsoon, Pay panel award

Tue, Aug 02, 2016

The report further noted that it is comfortable holding on to its 7.7 per cent 2016-17 GDP growth forecast for now because of rural economy boost from a better monsoon and 7th Pay Commission impact on public sector salaries.

Improve on these counts to grow, IMF tells India

Improve on these counts to grow, IMF tells India

Tue, Jul 26, 2016

During the meet, the IMF said that India’s economy is on recovery path, supported by lower oil prices, positive policy actions and improved investor confidence.

Digital payments to rise to a $500 billion ecosystem in India by 2020: Report

Digital payments to rise to a $500 billion ecosystem in India by 2020: Report

Mon, Jul 25, 2016

The report further said that physical point-of-sale like kirana and unorganised retail will drive 60% of digital payments value.

Big 25 reforms that changed India's growth story

Big 25 reforms that changed India's growth story

Sat, Jul 23, 2016

The year 2016 marks the silver jubilee anniversary of India's historic economic liberalisation, a move that can only be credited for making the country one of the fastest growing economy in the world today.

Rupee rises on positive GDP numbers; up 5 paise against dollar in early trade

Rupee rises on positive GDP numbers; up 5 paise against dollar in early trade

Wed, Jun 01, 2016

Trading sentiments also got a boost after macro-economic indicators such as GDP numbers and core sector growth showed that the country's economy has gained momentum.

HSBC upgrades India to neutral; 2016 Sensex target at 26,000

HSBC upgrades India to neutral; 2016 Sensex target at 26,000

Mon, May 16, 2016

"We raise India to neutral in an Asian context. We raise our 2016 Sensex target to 26,000 (from 25000)," HSBC said in a research note.

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