Even though this will raise the overall public sector borrowing, the market will not react adversely as the money raised will be tied to funding specific needs, Bank of America Merrill Lynch said
India's large economy can not be directed at will or managed by managing colourful headlines, wrote the former PM
Forecast lowest among recent predictions
NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging
At the macro level, a similar dichotomy is visible in two sets of data released by the same institution, the Ministry of Statistics and Programme Implementation
Sales of gasoline, or petrol, rose 8.9% in October from a year earlier, to 2.54 million tonnes
Revises prediction from 6.2%, says slump lasting longer than expected
State Bank of India (SBI) joins global agencies such as the ADB, World Bank, OECD, RBI and the IMF in downgrading India's FY20 growth rates
Nomura chief economist Sonal Varma has put the Q2 growth at 4.2 per cent, similar to what SBI has estimated
State Bank of India (SBI) joins all other global agencies -- the ADB, World Bank, OECD, RBI and the IMF -- in downgrading India's FY20 growth rates
Congress leader Jairam Ramesh on Sunday criticised the BJP government's plan to revise the base year to calculate the gross domestic product growth from the current 2011-12 to 2017-18, saying it was a "terrible" idea. Citing a media report in this regard, Ramesh asked if it was only to make Modi 2.0 government look good on GDP growth rates. He suggested that 2018-19 should be made the GDP base year as 2017-18 was "an abnormal year with notebandi (demonetisation) and hasty GST". "Government wants 2017-18 as new GDP base year. Terrible idea! It was an abnormal year with notebandi & hasty GST. Is this only to make Modi Sarkar 2.0 look good on GDP growth rates?" he tweeted.
The founder of Mobius Capital Partners LLP suggests India should invest more in building infrastructure to return to the high-growth path
The official said the government has been sensitive to the concerns of all sectors and has been proactively taking measures to address them.
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs, sources added.
Economic growth has slipped to a six-year low of 5 per cent for the June quarter and is expected to turn in lower than that in the September quarter
This is in-line with most revised estimates by government bodies, research firms and ratings agencies
Gross domestic product grew by more than a six-year low of 5 per cent in the first quarter
We see the Indian economy rebounding from our projected 6.1% growth this fiscal year to something like 7% in the next fiscal year, the IMF said
Is the growth modeling fraught with errors? If so, how can the policy makers frame policies in such a scenario?
A country like India, at the stage it is in its economic cycle, the key driver is investment, which eventually does affect consumption. And consumption is a force multiplier