The estimates of GDP and other aggregates for the years 2014-15 and 2015-16 have undergone revision due to use of latest available data on agricultural production
To overtake China next year after getting pipped by it in 2017-18
Advance estimates have been compiled by extrapolating numbers available for 6-8 months against the full year, so it is more of a statistical exercise and does not take into account any new information
Political mileage, should not be sole criteria for introducing radical economic policies
CSO estimates for FY18 peg GVA growth at 6.1%; hit due to poor performance of agriculture, manufacturing
Public spending is crucial because private investments have been weak
GVA pegged at 6.1%; implicit calculation suggests H2FY18 growth will be 7%, says TCA Anant
Govt expected economic growth to slow down to 6.5% in the financial year ending in March
Changes to land, labour laws needed for sustainable growth
Gross value added, which excludes product taxes and subsidies, grew by 6.1% in Q2
The economic survey for 2016-17 had forecast a GDP growth of 6.75 to 7.5 per cent for FY18
The output in the September quarter is primarily for consumption and sales
July-September gross domestic product (GDP) growth would be higher than April-June's 5.7 per cent, the lowest in Prime Minister Narendra Modi's tenure so far, government sources say.Chief Statistician T C A Anant is due to release the data on Thursday, and policy experts, economists and markets are waiting for the numbers with bated breath.Government's optimism aside, July 1 was when the goods and service tax (GST) was rolled out. The indirect tax regime had exacerbated the slowdown in economic activity after demonetisation, on November 8, 2016. Among the worst hit was the unorganised sector; activities of this sector gets captured in national income data after a lag.But government officials continue to be confident the second quarter numbers of FY18 would show a marked improvement. Speaking to Business Standard earlier this month, Economic Affairs Secretary Subhash Garg said indicators for the July-September quarter have shown there has been a turnaround from the first quarter and ...
The time is ripe to focus on the structural issues, and not just on the short term movement of some indicators
Even as dark clouds hover over the economy, there are reasons to be optimistic about the future
Reforms are necessary but the pace of their implementation should be regulated. Focus has to be on sectors that can create jobs
Instead of trying to achieve a cyclical correction, the government should put in place a long-term agenda for boosting growth
Prolonged uncertainty can be detrimental to growth: The economy may need monetary and fiscal help
Manufacturing activity slumped to a low of 1.2 in Q1FY18, down from 5.3% in in the previous quarter
Country's GDP growth for June quarter came in at 5.7%, lower than 6.1% reported in Jan-March 2017