Page 20 - Economic Growth

Estimate of economic growth in Q4 reveals downside surprise

The slowdown in GVA growth in Q4FY17 partly reflects an unfavourable base effect

Consumer will remain the king in India's growth story

India is poised to become the third-largest country by consumption expenditure

Change track to revive growth: Ind-Ra cautions govt

Says generating jobs an uphill task even if growth recovers

India's growth rate to fall significantly due to demonetisation: CII

Earlier, the RBI slashed the country's FY17 growth estimates to 7.1% from 7.6%

ADB slashes India's growth estimate to 7% due to cash crunch

India's growth forecast for 2017 was, however, kept at 7.8%

Growth indices suggest two-speed recovery is narrowing

Nomura has created a set of proprietary indices that answer questions on the direction of economic data and the near-term monetary policy path

India at world's centre stage, but can do better, says FM

Latest IMF and World Bank forecasts reveal India to be the fastest emerging economy with a projected growth rate of 7.6

India needs to fix many things for real turning point: Gopinath

Harvard economist, Gita Gopinath, feels recovery of domestic investments is key to achieve a real turning point

FY'17 may see 7-9% IT export revenue growth: Kris Gopalakrishnan

2016-17 is not the most challenging year for Indian industry, but the year 2008 was, said former President of CII

Reforms to boost growth; banking sector risks remain: Moody's

India's credit profile is supported by strong growth potential and high private savings rate, it said

Jayanta Roy: Ensuring growth for all Indians

Pulling the neglected millions out of poverty will require massive investments in human capital

Letters: Growth with a caveat

This is with reference to A V Rajwade's column "Central bank independence" (July 28). That economic growth should get precedence over inflation is good logic, but we should add some caveats in the Indian context. The benefit of growth should be experienced by all classes. With nearly eight per cent growth, India has an increasing numbers of the world's richest billionaires but it is also home to the largest number of poor. Growth has not been inclusive.Besides, with 12 million people joining the ranks of the unemployed every year, growth should be accompanied by a high number of job opportunities. This has not happened so far. Job growth is skewed and mostly confined to the services sector, where only knowledge workers from urban and semi-urban areas get jobs, while a vast number in rural society, being undergraduates, keeps waiting.According to a Nasscom study, 50 per cent of the jobs in the information and technology industry will be automated by 2025. This raises the risk of net job

India economic growth to remain solid, only one rate cut likely: Reuters poll

Raghuram Rajan, whose term as RBI Governor ends in early-September, is unlikely to make any further policy changes

Growth rate to miss advance estimates, says Ind-Ra

India Ratings on Friday said economic growth for 2015-16 would miss 7.6 per cent, as pegged by the advance estimates, by a whisker. It projected economic growth at 7.5 per cent for the year.However, gross value added (GVA) would be the same at 7.3 per cent, as was calculated by the advance estimates. Actual GDP numbers would be out this month end. Ind-Ra said GDP in the March quarter would grow by 7.4 per cent, which translates into a full-year growth of 7.5 per cent. Agricultural GVA growth can surprise positively, it said, despite a second year of sub-par monsoons, mainly due to unseasonal rain during the fourth quarter. Meanwhile, Deloitte pegged GDP growth in the March quarter at 7.4 per cent, on the back of some recovery in agriculture and steady performance in services.However, industrial activity could see some moderation from growth seen in the previous quarters, it said.

Letters: Healthy sign

In the article, "Welcome NRIs & ECBs" (April 13), A K Bhattacharya has succinctly analysed the economic growth of the country by dividing its political governance into three phases. According to the writer, phase I was from 1990-91 to 2003-04, phase II from 2004-05 to 2012-13 and phase III from 2013-2014 to the present day. The third phase accounts for only about two years.Economic growth was spectacular in the first and second phases of governance. The external debt stock has risen one per cent during the third phase and so has the country's balance of payment - to around $360 billion of gross domestic product. The third phase has promised a large number of second generation reforms that are yet to be tested; hopefully, they will fructify if the Narendra Modi government manages to carry the Opposition along with it through proper handling and articulation.Bhattacharya says "the big change in India's long-term debt profile is with regard to its commercial borrowings and deposits fr

Pranjul Bhandari: The Centre makes amends for states' slippages

The mildly positive growth impulse on the part of states could keep economic growth from dipping, while a disciplined Centre could prevent market borrowing from soaring