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GDP, despite its known limitations, is the most used summary statistic of macroeconomic performance
GDP growth could be close to 6.5 percent for the fiscal year, he said, although that is lower than the government's earlier estimate of about 7.3 percent.
The Niti Aayog vice chairman said the country did very well from 2007-13 and the downward cycle started in 2013-14
Prasad tried to deflect the criticism arising from the steep fall in growth numbers
According to DBS, demonetisation in Nov 2016 & GST rollout in July 2017 had short term impact on economic activity
The GDP stood at a three year low at 5.7 per cent for April-June quarter of 2017-18
Nomura said ongoing remonetisation will have positive impact on cash-intensive services sectors
Terming the current scenario for exports as challenging, incoming Commerce and Industry Minister Suresh Prabhu has said that the export to Gross Domestic Product (GDP) ratio should rise significantly. Addressing the press on Wednesday, Prabhu said manufacturing growth can be leveraged through promoting exports. For the first quarter of the current financial year, the rate of exports in the GDP calculated on current prices stands at 18.2 per cent, down from the 19.3 per cent rate in the corresponding quarter of financial year 2016-17. Last week, the latest GDP data showed a three-year plunge in economic growth at 5.7 per cent in the first quarter of the current financial year, the lowest reading over the last three years of the Modi government. Prabhu said underutilization of exiting capacities in the manufacturing sector is partly responsible for this slow growth was partly caused due to underutilization of existing capacity. He added these dormant capacities can be used to fire up ...
Basu said from 2003 to 2011, India was growing typically over 8 per cent per annum
Headline GVA and GDP growth estimates disappointed, despite the fading impact of demonetisation
The range of forecasts was wide from 5.7 percent to 7.2 percent
Acharya said it's too much to expect that private capex will suddenly and quickly come back
Economic activity in the country had lost some momentum in the run up to the GST rollout
The gross tax-GDP ratio in 2017-18 is estimated to be around 11.3%
The tax-GDP ratios are projected to be 11.6% of GDP in 2018-19 and 11.9% of GDP in 2019-20
He said free enterprise should be encouraged to accelerate growth
He says 'unfortunately' from 2004 to 2014, reforms in the country came to a standstill
The joint study by ICRIER and Broadband India Forum said India's internet traffic increased by 10%
17-20 mn jobs need to be created every year, says CII
As per official data, India's growth rate slipped to 6.1% in Jan-Mar quarter, 7.1% during 2016-17