India GDP growth
India loses fastest growing economy tag after sharp growth slowdown
Thu, Jun 01, 2017
Annual economic growth at 6.1 percent in the January-March period was even lower than the lowest analyst estimate of 6.5 percent in a Reuters poll. Overall, the median forecast of 36 analysts was for a year-on-year growth of 7.1 percent.
More >
Deceptively quick, India's economy seen staying course as global pacesetter
Wed, May 31, 2017
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.
More >
India's growth rate to hit 7.5% in 2018, but US policies pose risk, says UN Commission
Tue, May 02, 2017
The UN Economic and Social Council for Asia and Pacific (ESCAP) survey on Monday said India`s economic growth is projected to be stable at 7.1 % in 2017, before rising to 7.5 % in 2018, driven by higher private and public consumption and increased infrastructure spending.
More >
Bank credit growth will inch up this year but will still remain weak
Fri, Apr 28, 2017
Madan Sabnavis and Anuja Shah economists at Care Rating said, “Performance of in FY18 will depend on how the manufacturing sector fares as this is required for revival in growth in bank credit. With a share of above 40%, it is the driving force."
More >
Analysts had expected Rupee to cross 70; it is now among best performers in Asia
Tue, Mar 14, 2017
Around this time last year analysts and currency experts were betting for Indian Rupee to be one of the worst performers globally. They expected Rupee to cross Rs 70 to a dollar by December 2016.
More >
Gap between India's GDP and GVA widens further
Thu, Mar 02, 2017
Teresa John of Nirmal Bang in a report said, “Our earlier estimates had assumed no significant difference between GVA and GDP as both had exhibited a converging trend in the earlier quarters. However, the CSO believes that higher indirect tax collection and lower subsidies have pushed up the indirect tax component of GDP, resulting in divergence between GVA and GDP. “
More >
GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?
Thu, Mar 02, 2017
What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.
More >
Demonetisation likely to be credit positive for India, Moody's says
Wed, Mar 01, 2017
Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.
More >
