Page 16 - Indian Economic Growth
Economists tell FM to focus on reviving economic growth, not fiscal targets
The economists present also spoke about the need to rescue NBFCs
 "Economists tell FM to focus on reviving economic growth, not fiscal targets")
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
 "Can't compare GDP data with consumer spending report, says govt panel")
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
 "Services sector activity grows on strong demand in Nov, PMI rises to 52.7")
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.
 "Service sector returns to growth on strong demand; PMI at 52.7 in November")
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
 "'Rural India driven into a hole': Congress attacks Centre's economic policy")
Top headlines: Sebi tightens default disclosure norms, India's sops, & more
Here are the top news stories that made headlines today
 "Top headlines: Sebi tightens default disclosure norms, India's sops, & more")
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
 "Economy doing fine, people getting married, airports full: Minister")
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
 "Consumer spend sees first fall in 4 decades on weak rural demand: NSO data")
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
 "Top headlines: Moody's outlook cut, Rafale verdict, WPI inflation, and more")
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
 "FinMin claims huge progress in report on measures to boost economy")
India to invest Rs 1 trillion in setting up 100 new airports by 2024
The government has committed investments of Rs 1 trillion to build airports in the next 5 years.
 "India to invest Rs 1 trillion in setting up 100 new airports by 2024")
Fitch Rating slashes India's GDP growth forecast to 5.5% for FY20
Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum, Fitch said
 "Fitch Rating slashes India's GDP growth forecast to 5.5% for FY20")
The present economic crisis is worse than 2008 recession: Goldman Sachs
Prachi Mishra of Goldman said the fall in consumption is responsible for a third of the overall dip in overall growth
 "The present economic crisis is worse than 2008 recession: Goldman Sachs")
Despite IMF projections, India still among fastest growing economies: FM
The minister is in Washington to attend the annual meeting of the IMF and the World Bank
 "Despite IMF projections, India still among fastest growing economies: FM")
Global investors bet $45 bn on Modi's India. Now they are reversing it
International money managers are starting to fall out of love with Narendra Modi
 "Global investors bet $45 bn on Modi's India. Now they are reversing it")
IMF says India's growth 'much weaker' than expected; cuts FY20 projection
The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago
 "IMF says India's growth 'much weaker' than expected; cuts FY20 projection")
India's economic growth rate 'much weaker' than expected, says IMF
India's GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years
 "India's economic growth rate 'much weaker' than expected, says IMF")
Not obliged to go by govt's growth projections: Finance Commission chief
The 15th Finance Commission is scheduled to submit its report to the government by November 30
 "Not obliged to go by govt's growth projections: Finance Commission chief")
LIVE: Govt gives FPI relief, makes loans cheaper, revs up auto sector
FM Nirmala Sitharaman is expected to announce steps to revive India's economic growth. Catch all LIVE updates here
 "LIVE: Govt gives FPI relief, makes loans cheaper, revs up auto sector")