Page 42 - Economic Growth

What does tax buoyancy indicate and how does it impact tax devolution?

Poor responsiveness of tax collection to economic growth poses new challenges for norms on sharing taxes with the states

Not bottomed out yet? India may grow at less than 5% in FY20, say forecasts

Reserve Bank of India has cut interest rates five times this year to boost growth, with the monetary easing complemented by fiscal measures, including $20 billion of tax cuts for companies

Despite deceleration, India projected to remain fastest-growing economy: FM

The World Economic Outlook (WEO) of October 2019 projects a significant slowdown in world output and trade in 2019

Top Headlines: Manmohan slams govt on economy, Hong Kong effect on airlines

Here are the top news stories that made headlines today

India has potential for rapid economic growth over next decade: Bill Gates

The positive outlook by Gates for the Indian economy comes at a time when it is reeling under major slowdown amid apprehensions that the cycle may last for a longer period

BRICS Summit: Better economic linkages, trade growth on PM Modi's agenda

India is looking to step up engagement with Brazil in trade, defence, agriculture, and energy sectors, PM Modi said on Tuesday

India-led South Asia moving towards center of global growth: IMF

Notably, under the IMF's geographical division of the world, South Asia does not include Afghanistan and Pakistan. For IMF, South Asia includes India, Bangladesh, Nepal, Sri Lanka, Bhutan

Building startups and companies that last

The tendency to announce near-victory is a pervasive disease. This is exemplified by the reports on ease of doing business

Reducing taxes to boost investments is a myth, says Abhijit Banerjee

Countries from China to India to Indonesia are slashing taxes for businesses to spur growth amid a gloomy outlook for global economic expansion

Despite IMF projections, India still among fastest growing economies: FM

The minister is in Washington to attend the annual meeting of the IMF and the World Bank

Restoring high growth

Look beyond large corporations and release the growth potential of farmers and small entrepreneurs

Investors expect more policy measures: Citi India's Abhinav Khanna

Abhinav Khanna, head of equity at Citi India, expects emerging markets (EMs), and India in particular, to see higher allocation by foreign investors over the next 12 months

ADB cuts India's economic growth projection to 6.5% from 7% for FY20

Says a cut in corporation tax rate will boost private investments and global competitiveness

Economic slowdown due to structural changes, not cyclical: Amit Mitra

West Bengal Finance Minister Amit Mitra on Monday said that the current slowdown in the economy is due to "structural" changes and not "cyclical". He said the structural changes have been ushered in due to demonetisation and "faulty" GST implementation along with the collapse of IL&FS which crippled the NBFC sector. "The slowdown in the economy is structural and not cyclical. This structural change has been brought about by demonetisation, hasty and faulty implementation of GST and the collapse of the IL&FS," Mitra said at the annual general meeting of Bengal Chamber of Commerce & Industry here. He said that when the economy was "coming up from the U-curve, the rising growth rate was hit by demonetisation which caused GDP growth to fall from 8.15 per cent to 7.17 per cent". "Another massive structural change came from the GST implementation," he claimed. Mitra said that he had spoken to Goods and Services Tax Network (GSTN) Chairman who told him that the ...

OECD slashes India's economic growth forecast from 7.2% to 5.9%

At 2.9%, global growth to be weakest since 2008 crisis, it says

More space on monetary side than fiscal for boosting growth: Sanjeev Sanyal

Economic growth hit over six-year low of 5% for the first quarter ended June 2019 mainly driven by demand slowdown

This govt will not shy away from taking bold decisions, says S Jaishankar

The power of digital technology is transforming governance and public delivery of services and making it more participatory

IMF says India's growth 'much weaker' than expected; cuts FY20 projection

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago

Growth prospects dim

Given India's policy and institutional constraints, it will be difficult to significantly accelerate economic growth from present rates

GDP to grow at 6% in Apr-June, more rate cuts by RBI in 2019: Ficci survey

India's economy will grow at a median rate of 6 per cent during the first quarter of the current financial year ended June 30, according to a Ficci report. The country's economy grew at 8.2 per cent in April-June 2018-19. The growth numbers for the first quarter are expected to be released by the Central Statistics Office next week. "The recently released unemployment numbers by NSSO reaffirm the grim situation with regard to employment in the country," said Ficci Economic Outlook Survey. It pegged the annual median GDP growth forecast for 2019-20 at 6.9 per cent, with a minimum and maximum estimate of 6.7 per cent and 7.2 per cent, respectively. The median is the middle number in a sorted, ascending or descending list of numbers which can be more descriptive of a data set than the average. A majority of the participating economists in the survey suggested the RBI will continue its accomodative stance, with a further cut in the repo rate in the remaining part of 2019-20. They fel