In nominal terms, India's gross domestic product (GDP) grew by 7.99 per cent, lowest since December 2002
The economy needs to grow by 12 per cent at current prices in dollar terms to make India a $5 trillion economy, says Sen
Goldman slashed its growth forecast to 6 per cent for the current fiscal year to March from 6.9 per cent earlier.
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
Nomura expects a gradual growth recovery to set in in the latter part of 2020, as Asian economies benefit from ongoing policy easing and a potential capex recovery in the tech sector
Consumption expenditure, reflecting demand, grew only 3.14% in Q1FY20
Data due Friday is expected to show gross domestic product growth slowed for a fifth straight quarter to 5.7 per cent in the three months ended June
The minister, however, did not elaborate on the two steps to be taken by the government
Shah's positive assessment of Asia's third largest economy came amid talks of a slowdown in economic activity
Analysts say the government's booster dose might not be enough to spur demand in the near term, meaning India's economic woes will continue to weigh on shares and the rupee
Company logs 20% higher sales in branded products and retail, 23% in industrial products and projects
The remarks come at a time when IMF and Asian Development Bank (ADB) have lowered India's growth forecast, citing global and domestic headwinds
Yields on the benchmark 10-year note ended five basis points higher at 6.53% on Tuesday
As India's investment and consumption activity worsened in July, the measures announced by the FM to revive the economy will boost market sentiment but are unlikely to propel growth
Analysts say lacklustre tax collections and weak growth which is threatening the fiscal deficit target of 3.3 per cent of GDP are some of the reasons that will limit the government's spending power
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006, the report said.
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
The central bank is coming to its rescue, and without running any immediate risk of exposure to its own credibility
The govt responded quickly to withdraw the enhanced surcharge levied on income of FPIs on short- and long-term gains on equity
Economic momentum has stalled for the past year, and there are few signs the situation will improve any time soon