India Inc wants the transmission of central bank rate cuts to the consumer to be more effective
Cyclical responses won't fix the structural constraints, and structural reforms don't address a cyclical slowdown
Expressing 'deep' concerns over sluggishness in the growth momentum, Ficci President Sandip Somany said "the latest GDP growth numbers are below expectations
The chief culprit for economic growth decline was manufacturing sector. It grew by just 0.6% in the April-June 2019 quarter, compared to the double digit growth of 12.1% in the same period of 2018
Nominal growth at sub-8%, lowest in 17 years
While change will have to come first in consumption to spur corporate investment, depression in the farm sector needs attention. Besides, all structural issues wait to be addressed, writes T N Ninan
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
Government spending was the key driver of GDP growth in Q1 FY20. The outlook for the same appears somewhat mixed
Farmers could pin their hopes for a better future on the rising inflation rate in some crops at 5.9 per cent in the quarter under review
Analysts believe the slowdown could persist for two or three years while much needed structural reforms are put in place
The previous low was recorded at 4.9 per cent in April-June 2012-13. The economic growth was 8 per cent in the same quarter of 2018-19
Low index of industrial production growth coupled with less than 5% growth in corporate sector topline has been indicative of a low economic performance in the quarter
Another risk to the economy is that inflation may rise, depending on the behaviour of oil and rupee value against the dollar, said Sunil Kumar Sinha, principal economist at India Ratings
India's economic growth momentum is expected to slip further as there is no quick fix solution for the structural issues that the economy is facing, says a report. According to D&B Economy Observer, the lackluster growth in the Index of Industrial Production (IIP) is expected to prevail as the manufacturing sector is facing multiple challenges which will take time to get resolved. D&B expects IIP to have remained subdued and grown by 2.5-3 per cent during July this year. The report noted that fiscal stimulus by government and the policy rate cuts by the Reserve Bank of India along with other initiatives are likely to offer some respite to corporates. However, a comprehensive/wide-ranging reform package will be required to address the various issues at the sectoral level, it noted. "The ongoing multiple issues in the global and domestic economy are expected to drag down India's growth further. There is no quick fix solution for the structural issues at the sectoral level and, ..
The investment rate is expected to go up in the second half
Gross actual (direct plus indirect) tax collection in 2018-19 fell short by Rs 1.7 trillion, or 7.5 per cent of the revised estimates for the year
The Indian banking crisis has merely meant a lower level of GDP growth than before the onset of the crisis
Lately, India's banking system has been beset by a bad debt crisis, which is crimping credit to productive sectors, dampening domestic investment and leading to subdued employment and GDP growth
India's economic growth slowed to 6.8% in 2018-19 - the slowest pace since 2014-15
The lower range of these projections means the economy has slowed further