Page 53 - India Economy

IMF retains India's FY20 GDP growth rate forecast at 6.1%

IMF's projection is much higher than those by most agencies. RBI's latest projection pegged growth at 5 per cent, Standard & Poor's at 5.1 per cent, Moody's at 4.9 per cent and Fitch' at 4.6 per cent.

India should avoid fiscal stimulus and reduce public debt, IMF says

Government needs a credible consolidation path to rein in debt, including reducing subsidies and boosting the tax base, says IMF.

Infra to banks: What will it take to fix Indian finance after the crisis

Can India in the 2020s try to reinvent its finance-construction model so that it works for everyone and not just for a few thousand financiers in Mumbai?

Fitch lowers India GDP growth to 4.6%, says business confidence weakening

Growth will gradually recover to 5.6 per cent in FY21 and 6.5 per cent in the following year, predicts Fitch.

Bengal to Rajasthan: It's crunch time for states' finances as economy slows

Outstanding debt of states has risen over the last five years to 25% of GDP, posing medium-term challenges to its sustainability.

Amit Shah praises Sitharaman, says Global slowdown impacting Indian economy

He said Sitharaman is tackling the economy in a "very good manner" and added that the tax collection crossed the Rs 1 lakh crore-mark in the previous month

Nationwide protests raise fears that Modi's agenda may hurt economy

PM Modi's appeals to a base that wants India to abandon its secular roots could undermine his efforts to attract foreign investment.

Moody's cuts India's FY20 growth projection to 4.9% citing weak consumption

Says weak household consumption in the country will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors

FM Sitharaman press conference HIGHLIGHTS: Govt says reforms showing impact

CEA Krishnamurthy Subramanian said reform measures included corporate tax cuts to improve risk-return of companies

DBS sees slow recovery for Indian economy, cuts GDP growth forecast to 5%

Weak growth has impacted revenue growth, compounding worries over an already weaker run-rate for tax revenues: DBS report.

Scandal and slowdown: Diamond hub Surat latest pillar of economy to wobble

Banks have been scared off from lending to jewelers in Surat after the Nirav Modi scandal broke, with credit to the sector down 14% in October from March 2018.

The GST structure may be in for an overhaul

Some items will also be removed from the GST exemption list that attracted some form of taxation in the pre-GST regime

Five reasons why market is charging ahead despite faltering economy

The market was largely unperturbed by the GDP shocker, almost sitting pretty around its new highs

All is not well with the Indian economy, say analysts; remain cautious

Recently, analysts at CLSA too had forecast a similar growth rate (of 5 per cent) for the Indian economy in FY20 with risks to the downside.

RBI likely to cut rates for sixth time this year, try help growth

RBI has delivered 135 basis points of interest-rate easing this year, but lenders have only transmitted a fraction of that to borrowers.

Kashmir shutdown caused $1-bn losses, will sue govt, says trade body

Besides severing telecoms links ahead of its decision, India imposed curbs on travel and sent thousands of troops to the heavily-militarised region, citing security concerns

With growth this bad, India will need more than rate cuts to help economy

The five reductions Shaktikanta Das's overseen haven't given the economy back its groove.

India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years

Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown

Rupee is the worst performer in emerging Asia as RBI tries to lift economy

The RBI bought has about $18 billion of foreign exchange since the end of September.

Why junking job and consumption surveys does economy more harm than good

These studies are the only kind in the country to deliver information on a wide range of economic metrics vital for policymaking and implementing welfare schemes