The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
But why is the BJP celebrating? Because their understanding of GDP (Godse Divisive Politics) suggests double digit growth levels. All in the perspective," Randeep Surjewala said
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A look at six indicators shows all of them have collapsed from positive growth in April to contraction in Sept
This is 0.4 percentage points higher than estimated by the Economic Survey for 2018-19, owing to a slowing economy
Minister of State for Finance Anurag Thakur said a number of steps were being taken to strengthen the economy
Even though this will raise the overall public sector borrowing, the market will not react adversely as the money raised will be tied to funding specific needs, Bank of America Merrill Lynch said
India's large economy can not be directed at will or managed by managing colourful headlines, wrote the former PM
Forecast lowest among recent predictions
NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging
At the macro level, a similar dichotomy is visible in two sets of data released by the same institution, the Ministry of Statistics and Programme Implementation
Sales of gasoline, or petrol, rose 8.9% in October from a year earlier, to 2.54 million tonnes
Revises prediction from 6.2%, says slump lasting longer than expected
State Bank of India (SBI) joins global agencies such as the ADB, World Bank, OECD, RBI and the IMF in downgrading India's FY20 growth rates
Nomura chief economist Sonal Varma has put the Q2 growth at 4.2 per cent, similar to what SBI has estimated
State Bank of India (SBI) joins all other global agencies -- the ADB, World Bank, OECD, RBI and the IMF -- in downgrading India's FY20 growth rates
Congress leader Jairam Ramesh on Sunday criticised the BJP government's plan to revise the base year to calculate the gross domestic product growth from the current 2011-12 to 2017-18, saying it was a "terrible" idea. Citing a media report in this regard, Ramesh asked if it was only to make Modi 2.0 government look good on GDP growth rates. He suggested that 2018-19 should be made the GDP base year as 2017-18 was "an abnormal year with notebandi (demonetisation) and hasty GST". "Government wants 2017-18 as new GDP base year. Terrible idea! It was an abnormal year with notebandi & hasty GST. Is this only to make Modi Sarkar 2.0 look good on GDP growth rates?" he tweeted.
The founder of Mobius Capital Partners LLP suggests India should invest more in building infrastructure to return to the high-growth path
The official said the government has been sensitive to the concerns of all sectors and has been proactively taking measures to address them.