In September, the collection was a little lower, as we are aware that a few sectors of the economy are posting lower growth, says Ajay Bhushan Pandey
Says the country, along with other emerging market economies, will drive global growth rebound in 2020
The first district-level study on demonetisation says full impact was not visible in official statistics
The direction is clear -- there will be more rate cuts but the pace will depend on the incoming data
The drop in the central bank's outlook is more glaring if the entire rate cut cycle is considered
India's economic growth has slumped for the fifth straight quarter to an over six-year low of 5 per cent in the three months ended June
The UN body also pointed towards challenges in meeting sustainable development goals (SDGs) at a time when private debts are rising globally
India's GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years
Earlier, their predictions were close to 6.8%, which was recorded in 2018-19
The meeting came in the backdrop of India's gross domestic product growth slumping to six-year low of 5 per cent in the April-June quarter
Almost 20 per cent of investment was made in the power sector, mainly in renewables
After the balance sheet clean-up in March 2018 and June 2019 quarters, banking sector, mainly corporate lenders, were expected to see sharp improvement in asset quality and credit cost and earnings
Besides recent corporate slippages, slowdown would impact unsecured retail loans, farm and micro finance loans, commercial real estate and NBFCs and poorly-rated corporates with risk of downgrades
India Inc wants the transmission of central bank rate cuts to the consumer to be more effective
Cyclical responses won't fix the structural constraints, and structural reforms don't address a cyclical slowdown
Expressing 'deep' concerns over sluggishness in the growth momentum, Ficci President Sandip Somany said "the latest GDP growth numbers are below expectations
The chief culprit for economic growth decline was manufacturing sector. It grew by just 0.6% in the April-June 2019 quarter, compared to the double digit growth of 12.1% in the same period of 2018
Nominal growth at sub-8%, lowest in 17 years
While change will have to come first in consumption to spur corporate investment, depression in the farm sector needs attention. Besides, all structural issues wait to be addressed, writes T N Ninan
Nomura expects a gradual growth recovery to set in in the latter part of 2020, as Asian economies benefit from ongoing policy easing and a potential capex recovery in the tech sector