Page 66 - Latest Updates on New GDP series

April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark

Data by the Controller General of Accounts showed that total expenditure for April-June was Rs 7.22 trillion

Myriad challenges that threaten to set off India's demographic time bomb

The ticking gets only louder with weak govt institutions, water crisis, minority targeting within and outside Parliament and an economy that refuses to kickstart

Target R&D expenditure of 2% of GDP by 2022, says PM economic panel

The growth in R&D expenditure should be commensurate with the economy's growth and should be targeted to reach at least 2 per cent of the GDP by 2022, according to the Economic Advisory Council to the Prime Minister (EAC-PM). In a report titled 'R&D Expenditure Ecosystem', the EAC-PM said that the line ministries at the Centre could be mandated to allocate certain percentage of their budget for research and innovation for developing and deploying technologies as per the priorities of the respective ministries. "The growth in R&D expenditure should be commensurate with the growth of GDP and should be targeted to reach at least 2 per cent of GDP by 2022," the report said. It pointed out that India's public investment in R&D as a fraction of GDP has remained stagnant over the last two decades. It has remained constant at around 0.6 per cent to 0.7 per cent of GDP and this is well below the major countries such as the US (2.8 per cent), China (2.1 per cent), Israel (4.3 ...

After Modi's $5 trillion vision, Yogi targets $1 trillion GSDP for UP

CM Adityanath exhorts UP's biz community, traders for helping achieve the target

Budget 2019: India won't become a superpower with these allocations

Only 3.4% of total federal spending was budgeted for education - down from 3.74% the previous year and from 4.3% when Modi took over in 2014

A much-needed blueprint

The Economic Survey posits a clear development model to put India on a high-growth path

Gross tax to GDP ratio declined to 10.9% in FY19: Economic survey

The survey said though there has been improvement in tax to GDP ratio over the last six years, gross tax revenues as a proportion of GDP has declined by 0.3 percentage points in 2018-19 over 2017-18

Overseas investors can't ignore India if they seek higher returns: Manulife

Amid uncertainty about global economic growth, investors are looking for markets that are driven by domestic demand, have room for lower interest rates

Budget 2019: Time for govt to restore its credibility, get numbers right

Restoring the finance ministry's credibility requires more than ensuring that the fiscal deficit numbers are believable

New fiscal mindset key to reviving growth

Recycling assets - selling brownfield projects and investing the proceeds in greenfield projects - is India's best bet for growth revival

Likelihood of GDP growth coming at below 7% in 2019-20 is very high: Nomura

Global slowdown, tight financial conditions and political uncertainty in the election year will be the biggest headwinds for growth, the report by Japanese brokerage Nomura has said

Subramanian's contention on GDP growth raises brows

It is not the first time that Arvind Subramanian has expressed misgivings about the growth figures being put out

How to quadruple the number of tax payers in India

Have just two rates of personal income tax: 10 per cent and 20 per cent.

Letter to BS: Government should be open to course correction over data

The attempt at validating official numbers saying they were arrived at following global standards and endorsed by international agencies would be self-defeating

Former CEA Arvind Subramanian says GDP growth inflated, govt disagrees

This has reignited the debate on the accuracy of India's GDP numbers in particular, and has once again highlighted the inefficiencies in the estimation of national accounts in general

Govt dismisses Ex-CEA's claim, says accepted norms used for GDP estimation

India's GDP growth rate between this period should be about 4.5 per cent instead of the official estimate of close to 7 per cent, Ex-CEA said in a research paper published at Harvard University

India GDP growth overestimated between 2011-2017, says Arvind Subramanian

India has held the crown of the world's fastest-growing major economy until recently

More questions on GDP

Next govt must prioritise restoration of faith in official data

You cannot exclude shell companies while calculating GDP: Pronab Sen

The economy would be underestimated if transactions with benami companies were not captured, the former chief statistician says in an interview

Investment boost: World Bank says India GDP to grow 7.5 per cent this year

With robust growth, and food prices poised to recover, inflation is expected to converge toward 4 per cent