Page 52 - Gdp Growth

GDP growth expected to print sub-6.5% in FY20: ICRA's Aditi Nayar

Government spending was the key driver of GDP growth in Q1 FY20. The outlook for the same appears somewhat mixed

Slight recovery: Farm sector bounces back, inflation rises in Q1

Farmers could pin their hopes for a better future on the rising inflation rate in some crops at 5.9 per cent in the quarter under review

India's GDP growth hits 6-year low, more stimulus expected

Analysts believe the slowdown could persist for two or three years while much needed structural reforms are put in place

India's economic growth dips to 7-year low of 5% in April-June

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

GDP numbers raise some serious questions about the state of the economy

Low index of industrial production growth coupled with less than 5% growth in corporate sector topline has been indicative of a low economic performance in the quarter

India Ratings cuts growth forecast for FY 2019-20 to 6-year low at 6.7%

Another risk to the economy is that inflation may rise, depending on the behaviour of oil and rupee value against the dollar, said Sunil Kumar Sinha, principal economist at India Ratings

No quick fix for structural issues, India's growth to slip further: Report

India's economic growth momentum is expected to slip further as there is no quick fix solution for the structural issues that the economy is facing, says a report. According to D&B Economy Observer, the lackluster growth in the Index of Industrial Production (IIP) is expected to prevail as the manufacturing sector is facing multiple challenges which will take time to get resolved. D&B expects IIP to have remained subdued and grown by 2.5-3 per cent during July this year. The report noted that fiscal stimulus by government and the policy rate cuts by the Reserve Bank of India along with other initiatives are likely to offer some respite to corporates. However, a comprehensive/wide-ranging reform package will be required to address the various issues at the sectoral level, it noted. "The ongoing multiple issues in the global and domestic economy are expected to drag down India's growth further. There is no quick fix solution for the structural issues at the sectoral level and, ..

Ficci survey pegs India's GDP growth rate at 6.9% for the entire year

The investment rate is expected to go up in the second half

IMF raises doubts about India's tax revenue estimates, GDP growth target

Gross actual (direct plus indirect) tax collection in 2018-19 fell short by Rs 1.7 trillion, or 7.5 per cent of the revised estimates for the year

Fix credit growth to fix the slowdown

The Indian banking crisis has merely meant a lower level of GDP growth than before the onset of the crisis

Why this may be time to thoroughly redesign Indian banking system

Lately, India's banking system has been beset by a bad debt crisis, which is crimping credit to productive sectors, dampening domestic investment and leading to subdued employment and GDP growth

GDP growth to slow in Apr-Jun quarter to 5.7% on weak consumption: Nomura

India's economic growth slowed to 6.8% in 2018-19 - the slowest pace since 2014-15

Economists estimate GDP growth of 5.5-6% in Q1 FY20 amid slowdown

The lower range of these projections means the economy has slowed further

ANZ Banking Group slashes India's GDP growth forecast to 6.2% in 2019-20

The forecasts all badly lag the government's longer-term target of getting the economy humming at rates above 8%

Bajaj father-son duo hits out at govt on slowdown, EV policy flip-flop

The domestic auto industry is facing one of the worst slowdowns, with sales across segments declining sharply month after month for a year

CRISIL scales down India's GDP growth estimate to 6.9% for FY20

Policy more attuned to consumption than investment, it said

PM Modi should work like CM Modi to revive economy's growth: A M Naik

Industry doyen AM Naik went public with concerns over the economy, saying we should feel "lucky" even if GDP clips at 6.5 percent, and recommended faster project clearances like the one in Gujarat when prime minister Narendra Modi was the chief minister, as a solution. The Padma Vibhushan awardee also said the "situation is challenging" on data credibility, saying one has to use her own judgement while believing in the official numbers. "Growth is going to be not more than 6.5 percent this year. My feeling is that though they (government) claim it is 7 percent plus, if we can maintain 6.5 percent, we will be lucky," Naik, the non-executive chairman of the engineering giant L&T told reporters on the sidelines of AGM Thursday. The comments come at a time when economy slipped to a five-year low of 5.8 percent in the March quarter, and questions are being raised on the methodology of assessing the very official growth numbers by a group of economists. Naik said the ...

IMF cuts India's GDP growth rate to 7% due to subdued domestic demand

IMF says decision driven by subdued domestic demand; Country remains fastest growing large economy

India needs to promote clusters of excellence to push manufacturing exports

India needs to promote clusters of excellence

ADB cuts India's FY20 GDP growth forecast to 7% on fiscal shortfall worries

Earlier in April this year, too, the Manila-based multi-lateral funding agency had lowered India's growth forecast for FY20 to 7.2% from 7.6% estimated previously