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The MoSPI said Subramanian's overestimation of India's GDP growth is primarily based on an analysis of indicators, like electricity consumption, two-wheeler sales, commercial vehicle sales using an econometric model and associated assumptions. (Photo: ANI | File)

Government dismisses Ex-CEA's claim, says accepted norms used for GDP estimation

India's GDP growth rate should be about 4.5 pc instead of official estimate of 7 pc, Arvind Subramanian had said.

12 Jun 2019 2:10 PM

Regulatory actions proposed by the RBI to tackle the liquidity problems, and the asset liability mismatches will lead to the dip in loan growth by the companies, the report said.

GDP growth may accelerate to 7.2 per cent in FY20: Report

Goldman Sachs report said it expects an acceleration in GDP to 7.2 per cent.

07 Jun 2019 3:27 PM

Gadkari said the resounding mandate by the people rising above petty party-politics, caste-creed or communalism has reaffirmed that people need "development" which will remain a priority area. (Photo: File)

From 15L cr highways spend to globalising Khadi; MSME products: Nitin Gadkari's 5-yr roadmap

Gadkari said his priority will be 'rolling out all stuck highway projects that include many of IL&FS projects within 100 days'.

05 Jun 2019 4:20 PM

CII President Vikram Kirloskar said the private sector is facing difficulty in getting land for manufacturing units and the states have a huge role to play and there is a need to create land banks. (Photo: File | Youtube screengrab)

India Inc pitches for land and labour reforms to achieve double-digit growth

To target GDP growing up to 10 per cent by 2023-24, the total investment requirement is estimated at USD 5.74 trillion.

03 Jun 2019 6:40 PM

BJP workers celebrate at the party headquarters in Lucknow after the results were declared on May 23. (Photo: AP)

Polls 2019: Mandate for ‘strong’ PM or a consensus fashioned by subterfuge?

It appears that Rahul’s biggest crime was that he was born in the Gandhi family and people hated that fact.

03 Jun 2019 1:11 AM

The GDP growth has been the slowest in the last 20 quarters indicating several urgent measures would be needed to relaunch now.

Economy is Modi 2.0’s first and biggest test

The core issue of livelihood has seen such a dip that a majority of people are worse off than they were, say, 10 years ago.

02 Jun 2019 12:00 AM

The CSO also revealed that GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year.

At 5.8 per cent, GDP hits 5-year low; job creation also dips

The data came on the day when Nirmala Sitharaman took charge as the new finance minister in the second innings of the Narendra Modi government.

01 Jun 2019 6:27 AM

The country's fiscal deficit in 2018-19 stood at 3.4 per cent of GDP, roughly in line with the Interim Budget estimate. (Photo: PTI/File)

Slump in economic growth and unemployment 2 major challenges: Congress

The number was below the forecast of 6.5 per cent for the March quarter.

31 May 2019 8:16 PM

Out of the total revenue expenditure, Rs 19,557 crore is on account of interest payments and Rs 68,974 crore is on account of major subsidies, said the ministry. (Photo: ANI)

Union government's revenue receipts at Rs 97,631 crore in April

‘Total expenditure incurred by India is Rs 2,54,679cr, of which Rs 2,24,091cr is on revenue account and Rs 30,588cr is on capital account.

31 May 2019 7:53 PM

CM Fadnavis urges banks to help farmers

The state-level bankers committee approved an annual credit plan of Rs 4,24,029 crore for 2019-20.

30 May 2019 3:30 AM

The economic results of Narendra Modi’s first term have been quite dismal. (Photo: PTI)

How to get the stalled lane moving?

A vast section of India is being left behind even as India races to become a major global economy.

30 May 2019 12:07 AM

BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda, IHS Markit said in a note on election verdict.

PM Modi's big win signals strong Indian GDP growth will continue

The key economic challenge now is to continue reforms, brokerages and economists said on Thursday.

23 May 2019 8:17 PM

Veteran industrialist and Godrej Group Chairman Adi Godrej said the new government is expected to take steps to ensure that India's gross domestic product (GDP) growth improves.

Stable government to boost economic growth, foreign fund flow: India Inc

Riding on a massive Narendra Modi wave sweeping through most parts of India, the BJP seems set to return to power

23 May 2019 12:34 PM

This inequality is only widening with per capita GDP already 50 times higher in wealthy nations than in poor ones.

Are humans driving Earth to extinction?

To satisfy this huge and growing need, economies will most likely continue to use the very methods that this damning UN report indicts.

11 May 2019 12:59 AM

Innovation in financing will be the key to success of long-term growth strategy, Economic Affairs Secretary Subhash Chandra Garg said while addressing the Board of Governors of Asian Development Bank (ADB) in Fiji. (Photo: File | AFP)

India for ADB-led mechanism for channeling funds from rich to developing nations

Amidst the continued global uncertainty, Asia retains the hope of a bright future, said Subhash Chandra Garg.

04 May 2019 3:57 PM

In its monthly economic report for March, the Finance Ministry said monetary policy has attempted to provide a fillip to the growth impulse through cuts in repo rate and easing of bank liquidity. (Representational Image)

Economic growth may have slowed in 2018-19: Finance Ministry

The Ministry, however, said that India continues to remain fastest growing major economy and is projected to grow faster.

03 May 2019 11:17 AM

India Ratings, a Fitch group company had earlier projected India's gross domestic product growth at 7.5 per cent.

India Ratings lowers country's GDP growth projection for FY20 to 7.3 pc

Key reasons for downward revision are prediction of lower-than-normal monsoon for 2019 and continued agrarian distress.

01 May 2019 2:50 PM

Finance Secretary Subhash Chandra Garg said the government is close to meeting fiscal deficit target of 3.4 pc for 2018-19. (Photo: File | PTI)

Govt manages to meet revised fiscal deficit target of 3.4 pc of GDP

Revised target has been met with help of expenditure savings and other measures including rollover of fuel subsidy, said sources.

10 Apr 2019 3:07 PM

The official declined to share further details about expenditure cuts in the fund allocations to different ministries. (Representational Image)

India meets fiscal deficit target of 3.4 per cent via spending cuts: source

The government missed the tax collections target by over 1 trillion rupees.

09 Apr 2019 3:11 PM

Food prices, which constitute nearly half of India’s CPI basket, declined 0.66 per cent on-year in February compared with a drop of 2.24 per cent in January.

Inflation seen inching up in March, but still below RBI target: report

Consumer prices rose at an annual rate of 2.80 per cent in March, up from 2.57 per cent in February.

09 Apr 2019 11:22 AM

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Mohan Guruswamy