Economy | The Asian Age

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The fiscal deficit figure in monthly accounts during a financial year is not necessarily an indicator of fiscal deficit for the year, as per the CGA.

Fiscal deficit hits 102 per cent of Budget estimate till Oct

The government has pegged its total expenditure for 2019-20 at Rs 27.86 lakh crore.

29 Nov 2019 7:41 PM

The previous low was recorded at 4.3 per cent in the January-March period of 2012-13.

India's GDP growth further dips to 4.5 pc in July-Sept

The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.

29 Nov 2019 6:07 PM

The only sector that posted growth in October was fertilizers where production increased by 11.8 per cent year-on-year.

Core sector output shrinks 5.8 per cent in October

Output of eight core infrastructure industries had contracted by 5.1 per cent in September, the lowest in the decade.

29 Nov 2019 5:32 PM

The unemployment rate in October rose to 8.5 per cent, its highest since August 2016.

India's economy seen growing at 4.7 per cent in September quarter

PM Modi’s govt has taken several steps, including cutting corporate tax in Sept, to boost investments and bolster economic growth.

29 Nov 2019 12:55 PM

For the last few quarters the cycle of growth has not been as it was earlier, Chief Economic Adviser KV Subramanian said at an event in New Delhi and added that "corporate tax rate is important for investments". (Photo: File)

Cut in corporate tax rate important for investments: CEA Subramanian

India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.

29 Nov 2019 12:12 PM

This is the third quarter since the growth rate has fallen in the country. If this is not recession, then what is it? The government must bring a white paper on the status of Indian economy, tweeted CPI(M) general secretary Sitaram Yechury.

Govt must bring white paper on status of Indian economy: Yechury

Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 per cent, India Ratings report said.

27 Nov 2019 12:58 PM

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

As the Winter Session of Parliament will start on Monday, the government seeks to pass more than 30 bills amid the opposition’s plan to raise the issue of the detention of political leaders in Jammu and Kashmir, a slowing economy, rising unemployment and farmers’ distress among others. (Photo: File)

'Want frank, high quality debates on all matters,' says PM ahead of Winter Session

The Winter Session is scheduled to go on till December 13 and will provide a total of 20 sittings spread over a period of 26 days.

18 Nov 2019 8:59 AM

Union minister Suresh Angadi on Friday dismissed the opposition's criticism over the state of economy, asserting that "airports and trains are full and people are getting married" and this indicates that the country's economy is "doing fine". (Photo: File | ANI)

Bizarre remarks to divert attention: Cong on minister's 'people getting married' jibe

'Every 3 years there is fall in demand in economy. It is a cycle. Then the economy picks up also,' the BJP minister had said.

16 Nov 2019 3:26 PM

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

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

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

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.

FinMin says fundamental of Indian eco robust, reforms to stimulate investments

Government of India has also proactively taken policy decisions in response to the global slowdown.

08 Nov 2019 10:21 AM

It affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India.

Moody's outlook on India 'negative', govt says fundamentals in place

A credit crunch among non-bank financial institutions (NBFIs), have increased the probability of a more entrenched slowdown.

08 Nov 2019 8:56 AM

Finance Minister Nirmala Sitharaman. (Photo: File)

Nirmala Sitharaman reviews state of economy at FSDC meeting

RBI and other regulators are looking at financial at it holistically, he said when asked about stress in the financial sector.

07 Nov 2019 1:53 PM

Indian economic growth has steadily slowed to a six-year low of 5.0 per cent in the April-June quarter from an 8.1 per cent peak in the January-March quarter of 2018.

Slowing Indian economy spells tough times ahead for the rupee: report

A barrage of rate cuts from the RBI this year has done nothing concrete so far to revive a slowing Indian economy.

07 Nov 2019 9:47 AM

The sharp reduction in tax rates will drag heavily on revenue collection.

Fitch raises India's FY20 fiscal deficit forecast to 3.6 pc of GDP

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

06 Nov 2019 12:20 PM

This collaborative approach and deep knowledge have led to the rise of vibrant and dynamic edtech industry. (Representational Image)

How Ed Tech players are contributing to the Indian economy

Governments and academic institutes, as well as entrepreneurs, are jointly transforming the definition of learning.

06 Nov 2019 9:00 AM

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Saeed Naqvi