The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
Reliance Industries (RIL), which to hit the market capitalisation of Rs 10 trillion-mark on Thursday, was down around 2 per cent in the session.
Unfortunate fiasco over consumer spend survey
Congress spokesperson Sanjay Jha said the government is in a deep sleep 'like Rip Van Winkle', the famous fairytale character
Market rarely reacts to the release of economic data such as GDP growth or factory output
The first-quarter GDP data showed the economy losing steam
Nominal growth at sub-8%, lowest in 17 years
The deficit stood at 8.8 per cent of gross domestic product (GDP) in the first quarter of FY20 (Q1FY20)
Consumption expenditure, reflecting demand, grew only 3.14% in Q1FY20
Finance Minister Nirmala Sitharaman on Friday announced merger of 10 public sector banks into four, thus bringing down the number of state-run lenders to 12 from 27 in 2017
The previous low was recorded at 4.9 per cent in April-June 2012-13. The economic growth was 8 per cent in the same quarter of 2018-19
The investment rate is expected to go up in the second half
Improved measurement for macroeconomic policy: Three problems and three solutions
Former chief economic advisor Arvind Subramanian claims that India's economic growth was overestimated by nearly 2.5 percentage points in the 2011-17 period.
India's level of economic output may be overstated by anywhere between 9 per cent and 21 per cent
Economists and investors are now voting with their feet - by using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy
We must improve our statistical systems or be condemned to make policy in the smoky haze of inadequate and politically filtered data
Mohanan and Meenakshi cited the withholding of the publication of the NSSO's employment survey for 2017-18 and a lack of consultation with the Commission before releasing the backdated GDP series
The CSO has revised the growth figure for 2016-17 from earlier estimate of 7.1 per cent
The revised GDP numbers for 2018-19 come a day before the govt presents the Interim Budget 2019