Gdp Growth | The Asian Age

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Despite cuts in corporate taxes and monetary easing by the central bank, investments have failed to pick up.

India's budget likely to raise spending to revive economic growth

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter.

29 Jan 2020 10:11 AM

IMF this month cut India’s growth forecast to 4.8 per cent for the ongoing fiscal year - its lowest level in 11 years.

Govt likely to fund some USD 28 bn of expenditure via off-budget borrowings: sources

India’s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next fiscal year.

24 Jan 2020 10:50 AM

India’s slowing economy will weigh on insurance premium growth over the next two to three years, however, low insurance penetration and supportive measures put in place by the insurance regulator will help counterbalance the deteriorating economic environment, global rating agency Moody’s Investor Services said on Tuesday.

Slowdown to hurt insurance sector

By the Irdai’s December 2019 data, the non-life insurance sector witnessed a significant slowdown.

22 Jan 2020 6:51 AM

Out of the net income of Rs 1,23,414 crore for the year 2018-19, the RBI had already transferred Rs 28,000 crore to the government as interim dividend in March 2019.

Interim dividend issue may come up in next RBI's board meeting

The country's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal as compared to 6.8 per cent in 2018-19.

20 Jan 2020 12:01 PM

Global trade growth is expected to improve modestly in 2020 to 1.9 per cent from 1.4 per cent in 2019.

World Bank trims 2020 growth forecast amid slow recovery for trade, investment

The World Bank shaved 0.2 percentage point off of growth for both years.

09 Jan 2020 9:53 AM

The estimated growth of real GVA (Gross Value Added) in 2019-20 is 4.9 per cent as against 6.6 per cent in 2018-19.

GDP growth seen slipping to 11-yr low of 5 pc this fiscal: Govt data

RBI had also lowered its forecast for the economic growth to 5 per cent while announcing its bi-monthly monetary policy last month.

08 Jan 2020 9:53 AM

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

Govt pegs GDP growth at 5 per cent for current fiscal

GDP growth stood at 4.8 per cent for the first half of the current fiscal year.

08 Jan 2020 1:23 AM

The survey further noted that Indian services firms expect marketing efforts and favourable economic conditions to boost business activity during 2020.

India's service sector activity growth hits 5-month high in Dec: PMI

The Composite PMI Output Index that maps both the manufacturing and services sector, rose from 52.7 in November to 53.7.

06 Jan 2020 11:27 AM

Rapes are not new in India and sexual assaults of women are frequent.

Does India truly care for women’s safety?

The government and its office-bearers don’t care to talk about these heinous acts that have reached a scary high under the present regime.

29 Dec 2019 12:38 AM

GDP growth touched a six-year low at 4.5 pc in the second quarter as manufacturing output slumped and consumer demand as well as private investment weakened.

When Rahul Bajaj broke deafening silence of India Inc

The auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.

24 Dec 2019 11:56 AM

We expect growth to gradually recover to 5.6 per cent in FY2020-21 and 6.5 per cent in FY2021-22 with support from easing monetary and fiscal policy and structural measures that may also support growth over the medium term Fitch said in a statement on Friday. (Photo: PTI/File)

Fitch cuts India GDP growth forecast to 4.6 pc in FY20

Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth outlook.

20 Dec 2019 5:04 PM

The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India's first REIT, opening up new avenues for further investments, commercial office space continued to be the most sought after asset class.

2019: A year of hope and despair for real estate

More private investments will come in and consolidation, mergers within the space are likely to continue.

18 Dec 2019 2:33 AM

This is regarding the fact that the estimate was done by NCAER (National Council of Applied Economic Research) for the ninth Finance Commission for terminal ideal GST, whereas GST -- which is work in progress - may take 20 years. It is not that you are going to get 1.5-2 per cent (additional) GDP growth overnight, said Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister. (Photo: File)

Impact of GST will take time to show results: Bibek Debroy

Collections under the GST, which was introduced in July 2017, has remained mostly below the target.

17 Dec 2019 12:07 PM

In 2010 agriculture contributed 17.5 per cent of GDP, while industry contributed 30.2 per cent and services 45.4 per cent. In 2019 that has become 15.6 per cent, 26.5 per cent and 48.5 per cent respectively.

2010-2020: The decade that India has ‘lost’

The most significant cause for the decline of growth is the decline in capital investment.

17 Dec 2019 7:50 AM

"We have lowered our 2019 gross domestic product (GDP) growth forecast for India to 5.6 per cent, which is lower than 7.4 per cent growth in 2018," Moody's said in a report.

Moody's cuts India's GDP growth forecast to 5.6 pc for 2019

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

13 Dec 2019 1:51 PM

In September, ADB forecast India's GDP to grow 6.5 per cent in 2019-20 and 7.2 per cent in the year thereafter. (Photo: File)

ADB trims India's GDP growth forecast to 5.1 per cent in FY20

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

11 Dec 2019 11:55 AM

Following the weak GDP outturn for the September quarter, Indian real GDP growth in FY 2019-20 is expected to be slightly below 5 per cent, as it is anticipated that the impact of stimulus measures will take time to filter through to the real economy, IHS said.

India's real GDP growth in FY20 to come below 5 per cent: Report

For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back.

08 Dec 2019 12:52 PM

Finance Minister Nirmala Sitharaman. (Photo: File)

Govt working on more measures to boost economy: Sitharaman

GDP growth slowed down to more than six-year low of 4.5 pc in second quarter of current fiscal from 5 pc recorded in first quarter.

07 Dec 2019 1:20 PM

Nifty needs to sustain above 12000 for further rise

The market which had opened in the green on rate cut hopes, tumbled after the monetary policy announcement.

06 Dec 2019 4:29 AM

Notwithstanding the upturn, the headline figure remained below its long-run average of 54.2, the survey added. (Photo: Representational)

Services output expands for first time in 3 months: PMI

The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.

04 Dec 2019 11:33 AM

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Skand Tayal