Page 43 - Economic Growth

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

Market tanks as stimulus hopes dim; CEA asks companies to change mindset

CEA Subramanian said it would be a 'moral hazard' if the government were to use public money to cushion private losses

FinMin asks PSBs to begin consultation process to achieve $5-trn economy

It also aims to find out the role of PSBs as active partners in the Indian growth story for the next five years

Fixing the demand slump: Seven reasons for slowdown, and possible solutions

The govt might look for quick fixes under pressure to revive the economy, but sustainable economic growth will continue to be elusive without structural changes, writes T N Ninan

NCAER sees GDP growth at 6.2% on flat agriculture gross value added

The IMF projected the growth rate at 7% for FY20, while the World Bank saw it at 7.5%

Statsguru: The anatomy of slowing growth

One of the biggest contributors to the slowdown is the investment rate

Focus on export, reducing stimulus of domestic demand: World Bank to India

India, the World Bank said, is exporting only 10 per cent of its GDP

India retains fastest growing economy tag, despite spike in oil prices

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth