Page 15 - Indian Economic Growth

Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY21

The difficulties facing the Indian economy have been exacerbated by Yes Bank failure, it said

S&P lowers India's growth forecast to 5.2% for 2020 amid Covid-19 pandemic

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement. An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific, said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings. "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said. On Tuesday, Moody's Investors Service had lowered India's economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), in the wake of the .

Govt performance shows strong leadership no guarantee for good economics

The data and the feel after six years under PM Modi prove a strong leader doesn't necessarily give us decisive economic leadership unmindful of immediate political risks

Objective of kick-starting growth not addressed effectively in Budget: Garg

"All these expenditures are unlikely to be imparting any fresh growth stimulus to the Indian economy," he argued

Moody's says nominal GDP growth projections in Budget 2020 appear ambitious

'These forecasts appear ambitious given the combination of structural and cyclical challenges that the Indian economy faces'

Govt must support pro-business policies to be a $5-trn economy: Eco Survey

The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market

The year ahead will be dominated by the rising edifice of a Hindu Rashtra

The recent history of the world suggests economic pain doesn't create electoral openings

Story of India's economy in the past decade: After a high, a sharp slide

Here are the five people who best represent the story of the Indian economy in the 2010s

India marching towards $5 trillion economy on solid foundation: PM Modi

Says Article 370, Ram Janmabhoomi and Citizenship Amendment Act were challenges bequeathed as a legacy of the past, with no effort on the part of previous regimes to resolve them

Economists tell FM to focus on reviving economic growth, not fiscal targets

The economists present also spoke about the need to rescue NBFCs

Can't compare GDP data with consumer spending report, says govt panel

A fall in household spending is a signal that poverty may have increased, according to experts

Services sector activity grows on strong demand in Nov, PMI rises to 52.7

The dominant sector of the economy had suffered two straight-months of contraction since September

Service sector returns to growth on strong demand; PMI at 52.7 in November

Wednesday's upbeat survey comes after official data showed India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013.

Economy may have slowed, but there's no recession, and there won't be: FM

Replying to a discussion on the economic situation, Nirmala Sitharman reeled out numbers to compare UPA and NDA

'Rural India driven into a hole': Congress attacks Centre's economic policy

Congress spokesperson Rajeev Gowda alleged that there is an agrarian distress but the government will ensure that no data comes out

Top headlines: Sebi tightens default disclosure norms, India's sops, & more

Here are the top news stories that made headlines today

Economy doing fine, people getting married, airports full: Minister

"Every three years there is fall in demand in economy. It is a cycle. Then the economy picks up also," he added

Consumer spend sees first fall in 4 decades on weak rural demand: NSO data

In rural areas, it declined by 8.8% in 2017-18; in cities, it rose by 2% over 6 years

Top headlines: Moody's outlook cut, Rafale verdict, WPI inflation, and more

From SC verdicts on Rafale and Sabarimala to WPI inflation, here are the top news stories that made headlines today

FinMin claims huge progress in report on measures to boost economy

As per the report card, all public sector banks have introduced Repo Rate Linked Products