According to advance estimates, the economy is projected to grow by 5% in the current fiscal year, which would be an 11-year low
Based on NSO's first advance estimates of GDP growth for 2019-20 at 5 per cent, an uptick in GDP growth is expected in the second half of the fiscal, it said.
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
Economic Survey projects economic growth at 6-6.5% in
fiscal year starting April 1.
The PM urged members to see how the country can gain from the prevailing global economic scenario
The second of a three-part series looks at how the overall economic slowdown and govt action on the debt-laden builders have altered the real estate landscape of Gurugram region
In view of the ongoing slowdown, which has impacted demand in rural India, ITC doubled its rural stockist network in the current fiscal year
Agarwal said while the company is managing internal factors, external factors such as the general economic scenario in India is having an impact on sales growth
The right fiscal-monetary-external balance must be achieved to nurture and harness a nascent recovery
The 58-year-old Indian-American economist said the banking and infrastructure sectors were in need of funding from the government
Sitharaman will place the budget proposals on Saturday and all eyes are set on the government, which is likely to announce measures to revive the economic growth
"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors said
Economic slowdown leaves Finance Minister Nirmala Sitharaman with a difficult choice in her second Budget - whether to rein in fiscal deficit or widen ot to stimulate the economy
Banerjee also said that demand slowdown in the automobile sector also shows that people are lacking confidence in the economy.
In FY16, return on invested capital for the BSE 500 companies was 10.45 per cent; at the end of FY19, it had improved to 11.55 per cent
The periodic data from the Reserve Bank of India highlights how the slowdown is hurting the banking sector
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The data on companies' inventory, a balance sheet entry, is only reported on a half-yearly and annual basis and is not available for Q3
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan