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GDP

Q3 GDP growth rate reaches 4.7% from 4.5%, major growth in agriculture sector

Q3 GDP growth rate reaches 4.7% from 4.5%, major growth in agricu...

Fri, Feb 28, 2020

According to official data released by the government on Friday evening, India's gross domestic product (GDP) reaches 4.7 percent in the third quarter (October-December) of 2019-20.

FM: 'There is no relief in Income Tax for Now'

FM: 'There is no relief in Income Tax for Now'

Tue, Dec 03, 2019

The government will not provide any relief in Income tax, they will deduct it on right time.

India's GDP growth slip to 4.5% from 7%

India's GDP growth slip to 4.5% from 7%

Fri, Nov 29, 2019

India's GDP growth slipped to 4.5%. Watch this video to know more.

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GST impact: India on path to becoming a preferred global investment destination

GST impact: India on path to becoming a preferred global investment destination

Tue, Jul 31, 2018

The Goods & Services Tax (GST) which was implemented by the government from August 1, 2017 is without doubt the most significant and path breaking economic reform in the country since independence. It has seamlessly integrated the country into one single market, resulted in ushering in unprecedented efficiencies in our systems and has reduced the cascading effect of multiple taxes, duties and levies on manufactured goods and services.

India, 9 others’ real GDP will surpass US

India, 9 others’ real GDP will surpass US

Mon, Jul 23, 2018

The 10 major economies of Asia, including India, are expected to see robust growth and amount to over $28 trillion in real GDP terms on aggregate, more than the US by 2030, says a DBS report.

Economic growth in India: This is what may stifle GDP

Economic growth in India: This is what may stifle GDP

Tue, Jul 17, 2018

Economists see headwinds to economic growth recovery going ahead as the slew of data announced recently ignited fears of a slowdown. While May Index of Industrial Production (IIP) fell 100 basis points (bps) to 3.2%, June trade deficit expanded 17.57% and retail inflation increased to 5% in June.

Centre to tweak base year for calculation of GDP, inflation

Centre to tweak base year for calculation of GDP, inflation

Wed, Jul 04, 2018

The last base year for GDP, IIP and consumer price index was revised to 2011-12 and 2012 (for inflation), Minister of Statistics and Programme Implementation Sadananda Gowda said.

Monsoon covers entire country, 17 days ahead of normal schedule

Monsoon covers entire country, 17 days ahead of normal schedule

Fri, Jun 29, 2018

The monsoon has covered the entire country, 17 days ahead of its normal onset date, the India Meteorological Department (IMD) said today. The monsoon reached Sriganganagar, its last outpost in the country located in west Rajasthan. Its normal date to reach Sriganganagar was July 15.

Rupee recovers from record lows after RBI intervention

Rupee recovers from record lows after RBI intervention

Thu, Jun 28, 2018

The rupee recovered from record lows set on Thursday morning aided by dollar selling intervention by the Reserve Bank of India but weak macro-economic fundamentals and broad dollar strength are likely to keep up the downward pressure on it.

Higher crude, interest rate may cap GDP at 7.5%: Nomura

Higher crude, interest rate may cap GDP at 7.5%: Nomura

Fri, Jun 15, 2018

Growth in the current fiscal year will be faster in the first half and will likely face pressure in the second half to end the year at 7.5 per cent , a Japanese brokerage said today. The rate hike by RBI and the oil prices raise concerns over the sustainability of what was termed as a "cyclical, broad-based recovery", Nomura's chief India economist Sonal Varma said.

Fitch ups India growth forecast to 7.4% for FY19, cites rising oil prices as risk

Fitch ups India growth forecast to 7.4% for FY19, cites rising oil prices as risk

Wed, Jun 13, 2018

The economy grew at 6.7 per cent in 2017-18 and 7.7 per cent in January-March quarter. Fitch said the Indian rupee has been one of the worst performing currencies in Asia this year, although the depreciation was more muted than during the 2013 taper-tantrum episode.

India may cut expenditure to stick to 3.3% fiscal deficit: Moody's

India may cut expenditure to stick to 3.3% fiscal deficit: Moody's

Thu, Jun 07, 2018

Moody's expects the government to meet its fiscal deficit target of 3.3 per cent for 2018-19, based on its commitment to gradual fiscal consolidation and budget assumptions which appear achievable, it said in a statement. "Although Moody's sees some downside risk to budgeted revenue and expenditure targets, it expects that the government would cut back on planned capital expenditure, as has occurred in past years, if it is needed to offset any slippage from its fiscal targets," Moody's VP and Senior Credit Officer William Foster said.

Q4 GDP growth jumps 7.7%: From per capita income to agri, check out 10 key takeaways

Q4 GDP growth jumps 7.7%: From per capita income to agri, check out 10 key takeaways

Thu, May 31, 2018

"GDP at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered growth rate of 7.7 per cent as against 5.6 per cent , 6.3 per cent and 7 per cent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18. Rapid growth in agriculture (4.5 per cent), manufacturing (9.1 per cent) and construction sectors (11.5 per cent) contributed to the overall growth," the statement by Ministry of Statistics and Programme Implementation said.

What moved your economy: Check out Q4 GDP growth highlights

What moved your economy: Check out Q4 GDP growth highlights

Thu, May 31, 2018

GDP at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered growth rate of 7.7 per cent as against 5.6 percent, 6.3 percent and 7.0 percent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18.

India's economic growth hurt in 2017; here is what UN has blamed it on

India's economic growth hurt in 2017; here is what UN has blamed it on

Wed, May 09, 2018

The goods and services tax (GST) and the twin balance-sheet problem pushed India’s growth rate down to 6.6 percent in 2017 from 7.1 percent in the previous year, a United Nations report said.

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

Tue, May 08, 2018

The Goods and Services Tax (GST), as well as protracted issues of corporate and bank balance sheet problems, pushed India's economic growth downward in 2017 but a gradual recovery is expected and the country's economy is forecast to grow at 7.2 per cent in 2018, according to a UN report.

India to have talent surplus of 245 mn workers by 2030: Study

India to have talent surplus of 245 mn workers by 2030: Study

Mon, May 07, 2018

India is projected to have a skilled labour surplus of 245 million workers by 2030, mainly on the back of "vast supply of working age citizens", even as most of developed and developing economies are expected to grapple with talent crunch at that time, says a study.

Stock market outlook: What will move your shares this week

Stock market outlook: What will move your shares this week

Mon, Apr 30, 2018

The Nifty continues to march higher for the fifth straight week brushing aside worries of rising crude, metals, bond yields and a weak rupee. The 50-share index gained 129 points, or 1.2%, and closed at 10692. While the mid-cap index gained 1%, the small-cap index lost 0.5%.

Fitch fails to give India a rating upgrade, retains it at 'BBB-', but says growth potential strong

Fitch fails to give India a rating upgrade, retains it at 'BBB-', but says growth potential strong

Fri, Apr 27, 2018

Global credit rating agency Fitch today affirmed India's sovereign rating at 'BBB-' with 'stable' outlook, saying that the country's medium-term growth potential is strong. 'BBB-' rating indicates lowest investment grade.

RBI dumps GVA model, switches back to GDP to measure economy

RBI dumps GVA model, switches back to GDP to measure economy

Thu, Apr 05, 2018

The Reserve Bank today switched back to the gross domestic product (GDP)-based measure to offer its growth estimates from the gross value added (GVA) methodology, citing global best practices.

Trade deficit with India decreased in 2017; concerned over trade barriers: USA

Trade deficit with India decreased in 2017; concerned over trade barriers: USA

Thu, Apr 05, 2018

"The US goods trade deficit with India was USD 22.9 billion in 2017, a 5.9 per cent decrease (USD 1.4 billion) over 2016," said the National Trade Estimate 2018 released by the USTR. India is one of the few countries with which US' trade deficit has decreased in the last one year.

Travel, tourism created 25.9 mn jobs in India in 2017: Report

Travel, tourism created 25.9 mn jobs in India in 2017: Report

Wed, Mar 21, 2018

Titled "Expedition 3.0: Travel and hospitality gone digital", the report by the Federation of Indian Chamber of Commerce and Industry (Ficci) in association with KPMG India assesses the trends and challenges in the twin sectors.

China keeps growth target at 6.5 percent, stays focused on financial risks

China keeps growth target at 6.5 percent, stays focused on financial risks

Mon, Mar 05, 2018

China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said on Monday. The goal was kept unchanged, even though the economy grew 6.9 percent last year and exceeded th

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