China's economic growth is projected to slow down to 6.2% each in 2019 and 2020 and 6 per cent in 2021
Nominal GDP though is expected to grow at a healthy 12.3 per cent in FY19, against the Union Budget's assumption of 11.5 per cent
Niti Aayog's plan to create a "New India" in less than four years should invite skepticism, writes T N Ninan
SBI group chief economist says growth in the second half would be less than 7%
Said to be indicative of low demand for employment, may point to need for investment in labour-intensive industries
The data also shows that in 2010-11, just after one of the worst droughts, India clocked perhaps one of its best growth rates in agriculture at 8.8%
The growth rates of exports and imports, in dollar terms, are estimated at 11.8% and 16.9%, respectively
Some economists expect economic growth could slow to around 7 per cent in the second half of the current fiscal year
Exciting new GDP variables: Under which ruling party did the growth happen...and under which party was it measured?
FM Jaitley said CSO, which came out with the revised numbers, was a credible organisation and maintains arm's length distance from the finance ministry.
The country is facing many challenges, including currency depreciation and a widening current account gap
On the impact of rising crude oil prices, the RBI estimates that a 10 per cent increase in crude oil prices pushes the headline inflation rate up by 13 bps
For long these two sectors have been a drag on GDP growth, and a cause for serious worry
Some of the additional impetus to growth came from agriculture, but this should not be seen as a sign that rural distress is over
Strong GDP growth changes mood, though some say kickstarting investment cycle still a work in progress
New GDP data does not change reality that 'macro-economic instability' was highest under the previous UPA government period, Economic Advisory Council to the Prime Minister (EAC-PM) member Surjit Bhalla said today. According to the back series data prepared by the by the Committee on Real Sector Statistics, constituted by the National Statistical Commission, Indian economy clocked a 10.08 per cent growth rate in 2006-07 under the then Prime Minister Manmohan Singh, the highest since liberalisation of the economy in 1991. "Rumour going around that UPA had higher growth; therefore no policy paralysis; "new" GDP data does not change reality that macro-economic INSTABILITY was highest under UPA-highest inflation ever, highest center + state fiscal deficits, highest corruption & highest policy paralysis," Bhalla said in a tweet. The report has been released on the website of the Ministry of Statistics and Programme Implementation (MOSPI). The report compares growth rates between old ..
At 7.7%, it is a seven-quarter high; full-year growth falls to 6.7%
Buoyed by India retaining its fastest growing economy tag, the government today said it is keeping its forecast of GDP growth of 7.5 per cent for fiscal year 2018-19 unchanged. Finance Minister Piyush Goyal said the 7.7 per cent GDP growth in the fourth quarter of 2017-18 showed the economy was on right track for higher growth in the future. The growth surpassed China's 6.8 per cent expansion in the January-March period. "GDP growth has been increasing continuously every quarter with growth of 7.7% in Q4 of 2017-18. Shows that the economy is on the right track & set for even higher growth in the future. This is the #SahiVikas under leadership of PM," Goyal tweeted. Speaking to reporters soon after GDP data for Q4 and 2017-18 was released, Economic Affairs Secretary Subhash Chandra Garg said the government is not cutting its FY19 growth forecast of 7.5 per cent. In 2017-18, the economy had grown by 6.7 per cent. He said he did not see any co-relation between oil prices and GDP ...
The positive surprise has been the high growth in agriculture of 4.5%
For the 2017/18 full fiscal year ended in March, growth came in at 6.7 per cent