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India's GDP expected to fall below 6.5% in FY25 amid slowdown in GDP growth in second quarter: SBI

India's GDP expected to fall below 6.5% in FY25 amid slowdown in GDP growth in second quarter: SBI

Sat, Nov 30, 2024

India's Gross Domestic Product (GDP) is expected to fall below 6.5 per cent for the current financial year 2025, as GDP growth in the second quarter (Q2 FY25) slowed to 5.4 per cent, according to a report by the State Bank of India (SBI).

$8 trillion of $14 trillion invested in India since 1947 came in last 10 years

$8 trillion of $14 trillion invested in India since 1947 came in last 10 years

Mon, Nov 25, 2024

The report highlighted that India's stock market has been another cornerstone of economic strength, delivering positive returns in 26 of the past 33 years despite periodic downturns.

India's GDP growth likely to slip at 6.5%, maintains 7% estimate for FY25: Icra

India's GDP growth likely to slip at 6.5%, maintains 7% estimate for FY25: Icra

Wed, Nov 20, 2024

Domestic rating agency Icra on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance.

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Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Mon, Jan 16, 2017

The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.

India's contribution to world GDP to rise 17% this year: PwC

India's contribution to world GDP to rise 17% this year: PwC

Thu, Jan 12, 2017

The spotlight will shift away from China to India and Indonesia as they become the powerhouses of growth in the world.

India to see lower GDP growth for two quarters on cash crunch: HSBC

India to see lower GDP growth for two quarters on cash crunch: HSBC

Thu, Jan 12, 2017

India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.

Growth in 2016-17 would be 7% to 7.75%, NITI Aayog says

Growth in 2016-17 would be 7% to 7.75%, NITI Aayog says

Thu, Jan 12, 2017

The 12th Five-Year Plan appraisal document, prepared by NITI Aayog has made a strong case for clear tax policies and focus on manufacturing, even as it exuded confidence that growth in 2016-17, the final year of the Plan would be 7 per cent to 7.75 per cent.

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Mon, Jan 09, 2017

Global brokerage Citigroup has lowered India's growth forecast to 6.8% for this fiscal from 7.2% earlier, as cash crunch has affected pick-up in consumption while uncertainty around demonetisation may further delay any recovery in private investments.

Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Fri, Jan 06, 2017

The Indian government said economic growth would slow down to 7.1 % in the fiscal year ending in March from 7.6 % a year earlier.

GDP growth revised lower but doesn't factor in demonetisation

GDP growth revised lower but doesn't factor in demonetisation

Fri, Jan 06, 2017

The growth in GDP during 2016-17 is estimated at 7.1% as compared to the growth rate of 7.6% in 2015-16, Ministry of Statistics & Programme Implementation said.

Full Text: 10 things President Pranab Mukherjee's said on demonetisation

Full Text: 10 things President Pranab Mukherjee's said on demonetisation

Fri, Jan 06, 2017

President of India Pranab Mukherjee delivered his address to Governors and Lt. Governors via video conferencing on January 5, 2017 where he gave his views on demonetisation and Indian economy.

How India lobbied Moody's for ratings upgrade, but failed

How India lobbied Moody's for ratings upgrade, but failed

Fri, Dec 23, 2016

Since storming to power in 2014, Modi has unveiled measures to boost investment, cool inflation and narrow the fiscal and current account deficits, but his policies have not been rewarded with a ratings upgrade from any of the "big three" global ratings agencies, who say more is needed.

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Wed, Dec 21, 2016

"Achieving the inflation target ... remains the primary objective," RBI Governor Urjit Patel said in the minutes.

Demonetisation will push India's GDP growth: Piyush Goyal

Demonetisation will push India's GDP growth: Piyush Goyal

Sun, Dec 04, 2016

Notwithstanding economists` prediction that demonetisation would hit the country`s Gross Domestic Product (GDP) growth, Union Minister Piyush Goyal on Saturday said when informal economy goes into the formal mode with the banning of high-value currency, this will add to the GDP.

Demonetisation impact: GDP growth may fall to three-year lows

Demonetisation impact: GDP growth may fall to three-year lows

Fri, Dec 02, 2016

Sunil Kumar Sinha, Principal Economist and Director Public Finance of India Ratings said, “Disruption has been caused at various level of economy due to de-legalisation of banknotes of Rs 500 and Rs 1000 denominations. Ind-Ra analysis shows that the economic cost of the de-legalisation will be Rs1.5 lakh crore for FY17.”

Chilled by demonetisation, India to take cold comfort from strong GDP

Chilled by demonetisation, India to take cold comfort from strong GDP

Wed, Nov 30, 2016

India can ill-afford to take much pride in having the world`s fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government`s sudden demonetisation drive.

PM Modi's demonetisation drive may shave off 0.5% from India's GDP this year

PM Modi's demonetisation drive may shave off 0.5% from India's GDP this year

Fri, Nov 18, 2016

GVA or Gross Value Added is a measure of the value of all goods and services produced in an economy.

Elimination of high-denomination notes is a good thing; here's why

Elimination of high-denomination notes is a good thing; here's why

Wed, Nov 09, 2016

Kotak Institutional Equities said, “We see the government’s move as a positive for the economy in the medium term. The latest step appears to be the final one in the government’s systematic approach to remove black money from the economy.”

Economy likely to grow at 7.6% in 2016-17: NCAER

Economy likely to grow at 7.6% in 2016-17: NCAER

Sun, Nov 06, 2016

The manufacturing sector is also giving positive signals with Purchasers' Managers Index, Index of Industrial Production for core sectors and auto sales going up.

India to be able to present Union Budget around February 1: Shaktikanta Das

India to be able to present Union Budget around February 1: Shaktikanta Das

Fri, Nov 04, 2016

The Government of India is likely to present the Union Budget 2017-18 by around February 1 next year, said economic affairs secretary Shaktikanta Das in an interview to a television channel on Thursday.

Rupee falls 10 paise against dollar on weak GDP data

Rupee falls 10 paise against dollar on weak GDP data

Thu, Sep 01, 2016

The Indian economy grew at the slowest pace in last six quarters at 7.1% in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.

India's first quarter GDP growth slows to 7.1%

India's first quarter GDP growth slows to 7.1%

Wed, Aug 31, 2016

Abheek Barua, Chief Economist, HDFC Bank said, "While an unfavorable base effect is at play, there is a likely slowdown in services sector activity, which alone explains more than half of the moderation in overall growth. Within the industrial sector, while mining has shown positive traction, there is a possible moderation in activity for manufacturing and construction sectors."

Indian economy likely to grow at 7.8% in FY17: Ficci

Indian economy likely to grow at 7.8% in FY17: Ficci

Tue, Aug 30, 2016

Indian economy is estimated to grow at 7.8% in the current financial year of 2016-17 (FY17) on the back of good monsoon, better performance of agriculture and industry sector, said a latest survey by Ficci.

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