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Demonetisation 'biggest scam of 2016': Chidambaram
Sun, Feb 12, 2017
"I am sorry to make the prediction that 2016-17 will end with growth (rate) between 6 and 6.5 per cent, a good one per cent down from the earlier estimate and that means a hit of Rs 1.5 lakh crore on GDP. The GDP this year is Rs 150 lakh crore, so one per cent hit is Rs 1.5 lakh crore," Chidambaram said at a function here today.
Economy to grow more than 7% next fiscal: Das
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.
India manufacturing PMI rebounds post demonetisation debacle
Wed, Feb 01, 2017
Having eased since the previous month, the rate of reduction was marginal, the report said.
'Make in India' campaign comes back as Modi Govt readies for Budget 2017
Tue, Jan 31, 2017
PM Modi's foreign visits over the past two years have exclusively focused on marketing India as a perfect destination to set up factories. The government rightly believes that manufacturing has to grow if India has to attain GDPs of 8% and above.
India's GDP growth to drop, but rebound likely in second half of 2017: Nomura
Wed, Jan 18, 2017
India's growth numbers are likely to slide in the next two quarters, but a sharp rebound is expected in the second half (H2) of 2017 as the demonetisation impact will be transitory and not long lasting, says a Nomura report.
Per capita income of Indians to cross Rs 1 lakh in FY17
Sat, Jan 07, 2017
As per the 'First Advance Estimates of National Income, 2016-17' released by the Central Statistics Office (CSO), the per capita net national income during 2016-17 is "estimated to be Rs 103,007" at current prices.
Note-ban impact: SBI Research pegs FY17 GDP down to 6.7%
Sat, Jan 07, 2017
"Our assessment of a 6.7 per cent GDP growth (in FY17) with a downward bias is based on the premise that the liquidity shock has led to a drastic consumer spending shock," an SBI Research's Ecowrap report said.
GDP may slump to 5% in Dec quarter, says HSBC
Thu, Jan 05, 2017
"We expect GDP to grow 5.0% in the October- December quarter and 6.0% in the January-March quarter, about 2 percentage points lower than we had expected before the demonetisation was announced," HSBC said in a research note.
RBI slashes GVA growth for FY17 to 7.1%
Wed, Dec 07, 2016
RBI said, “Outlook for GVA growth has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of SBNs (specified bank notes) which are still playing out.”
How time has changed for RBI in deciding rate cut
Wed, Dec 07, 2016
Care said, "Based on the movements of these economic parameters, we expect a 25 bps rate cut in tomorrow’s RBI policy view and another 25 bps cut for the rest of the fiscal."
Modi's demonetisation drive may stunted bank credit growth further
Fri, Dec 02, 2016
Care Ratings said, “The latest GDP reveals that capital formation continues to decline to a new low of 27.1% as of September, which indicates that there would be less demand for funding until such time that demand for other goods pick up significantly.”