India, which till recently was hailed as the world's fastest-growing major economy, has seen growth rate decline to a six-year low of 4.5 per cent in the September quarter of 2019-20
IMF also said there were weaknesses in the deflation method used to derive value added. Deflators are used to convert GDP at current prices to constant prices
The IMF has some useful suggestions
It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent
India may yet reclaim its mantle as the next big thing, albeit a toned-down and more durable version
In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan
The rating agency sees moderate fiscal slippage, retains sovereign rating and outlook
In a statement, the firm said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of CEO for a year
Moves like direct tax reform and actual divestment will send out the right signals
It expects economic growth to pick up in 2020 and 2021 to 6.6% and 6.7% respectively
Continuous liberalisation has led to an increase in inflows of foreign direct investment into the country.
The weights assigned to various products and activities will keep updating but the base year will remain the same
While the GDP data is released with a two-month lag, markets always try to factor in future expectations
ADB said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies
That's the way to go for improving tax base, compliance
The leaked NSS consumption numbers have provoked a debate. While arguments by various sides are not really convincing there are some broad lessons
The RBI on Thursday kept repo rate unchanged at the current 5.15% level but revised GDP growth projection for the current financial year 2019-20 to 5%
GDP growth forecast for FY20 has been revised downwards from 6.1 per cent in the October policy to 5 per cent
The key to boosting growth lies in boosting investments, not consumption
Targets like $5-trn GDP and 100% export growth by 2025, besides doubling of farm income and increasing the share of manufacturing in GDP to 25% by 2022, might prove a tall order, writes T N Ninan