Wed, Nov 06, 2024
Das said the RBI tracks over 70 high-speed indicators to arrive at its estimates and described both the positive factors pushing the number and the negatives pulling it down.
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However, they said Q2 with a 6.5 per cent growth would be a blip and an impasse when it comes to growth, and added that tailwinds of recovery are now reinvigorated by a surge in rural demand.
Thu, Sep 26, 2024
For the remaining part of the financial year, according to the Finance Ministry, a reasonable expectation is that public expenditure will pick up, providing added growth and investment impetus.
Wed, Nov 22, 2017
The agency, however, singled out telecom sector for having a negative outlook as intensifying competition will continue to pressure revenues and margins over the next 12 months
Sat, Aug 12, 2017
Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.
Wed, Aug 02, 2017
India's central bank, the Reserve Bank of India (RBI) on Wednesday cut repo rate by 25 basis points making it the lowest since 2010. While announcing its bi-monthly monetary policy the RBI reduced the repo rate to 6% from 6.25% and slashed reverse repo rate to 5.75% from 6%.
The decision was taken considering the majority of MPC, as four out of six MPC members were in favour of 25 bps cut in policy rate.
Policy repo rate stands at 6.25% presently. Markets are expecting a rate cut while few analysts believe it would be another status quo in this monetary policy review.
Wed, Jun 14, 2017
Wholesale price index or wholesale inflation numbers will be revealed for the month of May on June 14, Wednesday. Analysts expect wholesale inflation to drop.
Fri, Jun 09, 2017
Indian markets faced difficult times due to demonetisation. However, this has been heavily offset by economic reforms taken during the period Dec - till date.
Fri, Jun 02, 2017
Demonetisation may have impacted India's GDP growth for the fourth quarter ended March 31, 2017 but its effects may not be over so soon.
Thu, Jun 01, 2017
Moody's said, "India (Baa3 positive) is implementing a number of wide-ranging reforms and measures that, if effective, will broaden the tax base and anchor fiscal consolidation. Under such outcomes, the government's debt burden, a key constraint on India's credit profile, would ease gradually."
Wed, May 31, 2017
Ministry of Statistics & Programme Implementation on Wednesday released India's Gross Domestic Product (GDP) numbers for the January-March 2017 quarter.
India is set to hang onto its status as the world`s fastest growing major economy thanks to stronger consumer demand, if data due out later on Wednesday matches economists expectations for a 7.1 percent year-on-year expansion in the March quarter.
Japan`s factory output rebounded in April from March and grew at the fastest pace in almost six years, taking production to its highest level since 2008.
Tue, Apr 25, 2017
Patel said that divestment in public sector banks would have a positive role for the sector. "Divestment measures would improve overall banking sector health," he said.
Sun, Apr 23, 2017
"GST is expected to raise overall Indian welfare and is projected to be an inclusive policy in that it would be welfare improving for all Indian states," the paper dated March 24 said.
Thu, Mar 16, 2017
According to a report formulated by Crisil chief economist Dharmadikari Joshi and his team, "The main reason for the faster growth in manufacturing GDP is that growth in the value of inputs used for production has been slower than the value of the final output."
Thu, Mar 09, 2017
Both cities will cross the Rs 80,000 crore threshold within one to two years, with total consumption levels to reach 75%-80% of metros like Pune and Ahmedabad.
Tue, Feb 28, 2017
Analysts expected demonetisation to hit India's third quarter ended December 31, 2016 GDP growth hard but that has not been the case.
Sat, Feb 04, 2017
Drawing on Finance Minister Arun Jaitley's statements, the secretary said there will be transient impact of demonetisation on the economy, but it will not spill over to the next fiscal.
Wed, Feb 01, 2017
Arun Jailtey says that the Budget for 2017 will be with the approach has been to spend more on rural areas, infrastructure and poverty alleviation.
There could also be a hike in the service tax rates to get get it in alignment with the GST rates.
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