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India Ratings and Research has revised its GDP growth forecast for FY20 to 5.6 per cent. This is the fourth revision and has come in after the agency had revised its FY20 GDP growth forecast only a month ago to 6.1 per cent, the rating agency said in a statement.

India GDP growth in Q2 at 4.7 pc; FY20 forecast at 5.6 pc: Report

The Indian economy expanded 5 per cent in April-June, its slowest annual pace since 2013.

26 Nov 2019 3:57 PM

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Photo: Representational)

Gold imports dip 9 per cent during Apr-Oct

Dip in gold imports has helped in narrowing the country's trade deficit to USD 94.72 billion during Apr-Oct 2019-20.

24 Nov 2019 4:32 PM

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

Financial crunch due to Centre's failure to release GST dues

The Centre has also reduced the credit limit of the state by almost Rs 6000 crore.

19 Nov 2019 5:36 PM

The clampdown has hit tourism as well as farming, horticulture and the arts and crafts that contribute the most to its export-oriented economy.

Kashmir shutdown caused losses of more than USD 1 billion: Trade body

Economic losses ran into least 100 billion rupees (USD 1.40 billion) by September.

19 Nov 2019 3:59 PM

The move stems from the government’s concerns over the sale of spurious seeds and pesticides and the Pesticides Management Bill would seek to regulate the pesticide sector by fixing prices and setting up a regulatory authority.

Pesticide restrictions may benefit tea sector

Tea, having chemicals like Ethion, Tetradifon and Triazophos, are denied entry into the US as well.

18 Nov 2019 2:12 AM

The fiscal deficit target of 3.4 per cent of GDP is likely to slip, DK Joshi, the chief economist at the rating agency crisil said here on Friday.

Govt will be forced to slash spending this year too: Crisil

GDP growth slipped to 5 per cent in the first quarter, is expected to be worst in the second quarter- sub 5 per cent.

16 Nov 2019 10:43 AM

In the previous week, the reserves surged by USD 3.515 billion to reach USD 446.098 billion.

Forex kitty continues to swell, touches a new high of USD 448 billion

The country's reserve position with the IMF also decreased by USD 17 million to USD 3.630 billion, the data showed.

16 Nov 2019 10:33 AM

Current economic slowdown episodic, says N K Singh

India's economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal.

15 Nov 2019 5:01 PM

At the interbank foreign exchange the rupee opened at 71.80 then gained further ground and touched a high of 71.78, registering a rise of 18 paise over its previous close. (Photo: File)

Rupee rises 18 paise to 71.78 vs USD in early trade

On Thursday, rupee had settled for the day at 71.96 against the US dollar.

15 Nov 2019 10:32 AM

The higher inflation will be driven by base effects or lower inflation in the year-ago period when the same number had dipped to 2.2 per cent.

'RBI to cut rates by 40 bps by Feb despite high inflation'

GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the September quarter.

14 Nov 2019 4:04 PM

In the fourth bi-monthly monetary policy announced in October, RBI had projected at 3.5-3.7 per cent for H2 of FY20 and 3.6 per cent for the first quarter of FY21.

Retail inflation may average at 4 per cent in FY20: SBI report

In October, inflation based on the Consumer Price Index (CPI) spiked to a 16-month high of 4.62 per cent on costlier food items.

14 Nov 2019 3:19 PM

The fall was mainly due to subdued prices of non-food articles and fall in prices of manufactured items.

WPI dips marginally to 0.16 pc in Oct due to subdued non-food prices

Retail inflation as measured by the consumer price index (CPI) touched a 16-month high as it rose to 4.62 per cent in October.

14 Nov 2019 2:59 PM

Investment activity was muted well before that, but the economy was buoyed by strong consumption demand.

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

India's economic growth has decelerated since mid-2018, with real GDP growth slipping from nearly 8 per cent to 5 per cent.

14 Nov 2019 1:06 PM

Annual services output growth of 7.2 per cent in the third quarter was near the weakest level since the global financial crisis. (Photo: Pixabay)

Jobs at risk as China’s services sector feels heat of trade war

The government has raised this year’s budget deficit to 2.8 per cent of GDP from 2.6 per cent in 2018.

14 Nov 2019 10:08 AM

Prime Minister Narendra Modi. (Photo: File)

PM Modi says wants to make India a USD 5 trillion economy by 2024

BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs, says PM.

14 Nov 2019 9:33 AM

Vegetables inflation for October stood at 26 per cent against 15.4 per cent in September.

Inflation soars to 15-month high

Prices of cereals and products were also high at 2.16 per cent against 1.66 per cent a month ago.

14 Nov 2019 4:28 AM

According to forex experts, the rupee would continue to remain weak on global and domestic concerns.

Rupee tumbles 62 paise, could remain weak

The numbers highlighted the persistent structural slowdown in the economy and firmed expectation of further monetary easing by the RBI.

14 Nov 2019 4:23 AM

In July 2019, the RBI had turned a net seller of the US dollar for first time in this fiscal, after it sold USD 93 million on a net basis. (Photo: AFP)

RBI becomes net buyer of dollars in Sept, bought USD 5.61 billion

RBI purchased USD 6.514 billion and sold USD 900 million in the spot market, according to a recent RBI data.

13 Nov 2019 9:33 AM

In yet another blow to the Indian economy after Moody’s downgrade, two reports — by the State Bank of India and Singapore’s DBS Bank — on Tuesday raised concerns over the slowdown in economic growth.

SBI, DBS signal growth rate set to dip further

The SBI research report was, however, hopeful that the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

13 Nov 2019 3:29 AM

The report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

India's GDP likely to grow 5 per cent this fiscal: SBI report

India is also significantly lower in Economic Uncertainty Index when compared globally

12 Nov 2019 5:08 PM

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Sunil Gatade