Minister of State for Finance Anurag Thakur said that the Index of Industrial Production (IIP) has improved as it registered a positive growth of 1.8% in November 2019
Business Standard brings to you best of BS Opinion for the day
Despite tight fiscal conditions, the budget makes room for higher capex
On Saturday, the benchmark indices closed near their day's lows, indicating further selling pressure on the following trading day
It has restored confidence of businesses as well as provided on-ground support that MSMEs need and farmers deserve, Co-founder of Udaan said
'The disappointment is on the lack of bold, out of the box measures to tackle the current economic slowdown'
Fiscal prudence has been given priority over fiscal stimulus which will contain the growth of debt liabilities, but it will not provide the strong public expenditure push required for reviving growth
Exemption-free option a good move, but clarity needed
The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21
The significant tax alleviation measures and plan to boost agricultural sector and improve farmers' conditions should have a direct positive impact
The document further said the prospects for the Indian economy in 2020-21 need to be assessed in the light of emerging global and domestic challenges and opportunities
In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1
I am expecting that the budget will be on reviving economic growth, says SBi Chairman Rajnish Kumar
According to advance estimates, the economy is projected to grow by 5% in the current fiscal year, which would be an 11-year low
Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
Economic Survey projects economic growth at 6-6.5% in
fiscal year starting April 1.
The PM urged members to see how the country can gain from the prevailing global economic scenario
The second of a three-part series looks at how the overall economic slowdown and govt action on the debt-laden builders have altered the real estate landscape of Gurugram region