Page 5 - Indian Economy 2019

FM meets representatives of infrastructure sector amid economic slowdown

The representatives of the infrastructure sector expressed their issues and concern to the finance minister during the meeting

Cyclical or structural? Decoding the nature of India's economic slowdown

A slowdown in consumption demand, decline in manufacturing, inability of the IBC to resolve cases in a time-bound manner and rising global trade tension is impacting India, analysts say

Economic slowdown, low GDP growth likely to hurt banks' earnings: Analysts

After the balance sheet clean-up in March 2018 and June 2019 quarters, banking sector, mainly corporate lenders, were expected to see sharp improvement in asset quality and credit cost and earnings

'All-round mismanagement' by govt slowed down economy, says Manmohan Singh

In a statement, he said the last quarter GDP growth rate of 5% signals that 'we are in midst of a prolonged slowdown'

5 per cent GDP growth: Proximate, underlying and theoretical reasons

The ship of the Indian economy is sinking because it is taking water from a hundred holes in its keel. These will take a long time to be fixed

Goldman Sachs sees more pain in store for the Indian economy

The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006, the report said.

RBI's bonanza to give govt ammunition to fight slowdown, boost capex

This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime

No quick fix for structural issues, India's growth to slip further: Report

India's economic growth momentum is expected to slip further as there is no quick fix solution for the structural issues that the economy is facing, says a report. According to D&B Economy Observer, the lackluster growth in the Index of Industrial Production (IIP) is expected to prevail as the manufacturing sector is facing multiple challenges which will take time to get resolved. D&B expects IIP to have remained subdued and grown by 2.5-3 per cent during July this year. The report noted that fiscal stimulus by government and the policy rate cuts by the Reserve Bank of India along with other initiatives are likely to offer some respite to corporates. However, a comprehensive/wide-ranging reform package will be required to address the various issues at the sectoral level, it noted. "The ongoing multiple issues in the global and domestic economy are expected to drag down India's growth further. There is no quick fix solution for the structural issues at the sectoral level and, ..

Indian economy to grow at slowest pace in 5 years in June quarter: Poll

The poll median showed the economy was expected to have grown at a year-on-year pace of 5.7 per cent in the June quarter, a touch slower than 5.8 per cent in the preceding three months

Remembering Arun Jaitley and the mark he left on the Indian economy

In informal conversations, current and past bureaucrats, some of whom are still in very powerful positions, have spoken highly of him as a minister who trusted his bureaucrats' judgement, experience

Best of BS Opinion: No room for optimism as history snaps at our heels

It is not just that politics and economics are at war. History is always snapping at our heels

Economic growth problem: It's time now for Modi-II to undo the damage

Aiming for unachievable growth rates would compound past errors. The economy has to lower its sights, and do some hard thinking about how to come out of the present hole, writes T N Ninan

MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman

Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

Slowdown 'very worrisome, businesses complaining aloud': Raghuram Rajan

Rajan also said "a fresh set of reforms" are now needed to boost the economy and growth rate

Domestic ports turn the tide, register growth amid economic slowdown

Bulk commodities hold the fort for domestic players

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

From auto to banking, grumble of slowdown is getting louder for India Inc

The companies' combined net profit declined by 10.1 per cent yoy during June '19 quarter against 26.2 per cent yoy growth a year ago

We will not do business with certain groups: Axis Bank's Amitabh Chaudhry

He has since steered the bank on to a conservative path, eschewing needless risks. He's been candid enough to admit that the exposure to infrastructure sector in the past proved to be an Achilles heel

DHL warns poor Mumbai airport infrastructure risks $5 trn economy target

The company said there is only a single slot for all air freight operators and there is no scope for expansion at the nations second largest airport

79% CEOs see growth prospects for Indian economy in 2019: KPMG Report

About 69 per cent CEOs in India, the same as CEOs globally, now have structures in place to review their business models and ensure they stay competitive in the face of disruption