The weights assigned to various products and activities will keep updating but the base year will remain the same
India has moved up one position to 49th in the The Global Competitiveness Report 2009-2010 (GCR Report), released today by the World Economic Forum ahead of its annual meeting, to be held this year in Dalian, China.
The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5% for any given year, provided there are justifications
For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back.
The notion that the decline in GDP is the result of demonetisation is a myth
A fall in household spending is a signal that poverty may have increased, according to experts
Says forces driving up inflation 'appear to be transient'
GDP growth forecast for FY20 has been revised downwards from 6.1 per cent in the October policy to 5 per cent
The last time GDP grew at a slower pace was in the fourth quarter of 2012-13, when it had expanded only 4.3 per cent
How fiscal pressures on state budgets are more pro-cyclical and weak imports push up bond yields
The brokerage attributed the evident dichotomy between GDP growth estimates and the benchmark target to the easy monetary policy that the central bank has been pursuing since the beginning of the year
Effectiveness of the policy needs to be questioned
Observing that tax rate cut would result in revenue loss of Rs 1.45 trillion, he wanted to know how the government will deal with the fiscal deficit
What is imperative at present is concrete steps towards addressing structural issues plaguing the economy
Many big economies have been stalling, but it's hard to think of another where growth has come down to earth this quickly
This is the second contraction in the sector on a quarterly basis in the past eight years - since the new GDP series started in 2012-13
Biocon CMD Kiran Mazumdar-Shaw opined that few pragmatic policies can help put India on the top again
He said the "toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society" is stifling economic activity and growth
The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19
The upcoming data will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark