Gdp Growth | The Asian Age

Friday, Jun 18, 2021 | Last Update : 02:01 AM IST

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Developing Asia, a group of 45 countries across Asia and the Pacific, will likely grow 5.4 per cent this year and 5.5 per cent next year.

Trade tensions darken growth outlook for developing Asia: ADB

ADB maintained India’s 7.2 per cent growth projection for next year.

25 Sep 2019 9:15 AM

Government will require to scale back expenditure in the second half of the year to keep the overall deficit near 3.5-3.6 per cent of GDP. (Photo: AFP)

DBS expects modest rate cut at RBI's MPC meeting in October

RBI Governor Shaktikanta Das also reinforced his dovish bias due to weak inflation and negative output gap.

23 Sep 2019 3:12 PM

Commerce and industry minister Piyush Goyal. (Photo: File)

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

Corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent.

20 Sep 2019 2:14 PM

Debroy also said GST collection has been revenue negative so far instead of being revenue neutral.

Wrong to say India on 5 pc growth trajectory: Bibek Debroy

The GDP growth in the April-June quarter of the 2019- 20 fiscal was 5 per cent, according to government data.

20 Sep 2019 2:10 PM

GDP growth slowed for the fifth consecutive quarter in April-June 2019 to 5 per cent, the lowest in six years.

Industry, market cheer slashing of corporate tax rate

Corporate tax rate cut from 30 pc to 25.2 pc to spur growth- this is a great move which will firmly revive growth and investment.

20 Sep 2019 1:21 PM

The government slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.

RBI expects growth to pick up from Q2 on govt spending

Governor also welcomed the government announcement in the morning to slash corporate tax across the board.

20 Sep 2019 1:07 PM

Nifty likely to be in the range of 10750-11100

The Sensex rose 82.79 points or 0.23 per cent to 36563, while Nifty gained 23.05 points or 0.21 per cent to 10840.65.

19 Sep 2019 2:26 AM

Crude oil benchmark, Brent crude futures, surged by almost 20 per cent to USD 71.95 per barrel (intra-day) on Monday after twin drone attacks on Saturday wiped out more than half of Saudi Arabia's crude supply.

Emerging economies like India more vulnerable to big oil price moves: Report

According to the report, when rise in oil prices are driven more by supply-side factors it is more damaging to large net oil importers.

17 Sep 2019 3:00 PM

Can the finance minister stop the spiralling slowdown?

Fiscal Year 2020 a manmade disaster

More than 3.5 lakh workers have been laid-off in the auto sector alone in last two months.

16 Sep 2019 6:46 AM

The slip up was not lost on the netizens who quickly took to Twitter to point out that gravity was discovered by Isaac Newton and Einstein is credited for his theory of relativity. Some even made fun of the statement. (Photo: ANI)

‘Maths never helped Einstein discover gravity’: Union Minister Piyush Goyal on economy

This came within days of FM blaming millennials’ preference for Uber and Ola over owning cars, not high taxes, for slumping vehicle sales.

12 Sep 2019 6:57 PM

There wont be any personal interaction between the taxpayer and the tax officer. This step aims to eliminate corruption in the tax department, said Union minister Anurag Thakur. (Photo: File)

'Faceless tax assessment to eliminate corruption in tax dept': Anurag Thakur

Infrastructure investment of Rs 100 lakh crore will be needed for achieving USD 5 trillion GDP, said Union minister Anurag Thakur.

12 Sep 2019 5:54 PM

It’s the economy... Act now!

The argument that there is a global slowdown, accelerated by the US-China trade war, doesn’t help; in fact India will also suffer as a result.

05 Sep 2019 12:46 AM

"We at Fitch Solutions believe that growth has likely bottomed out and will start to rebound over the coming quarters. However, noting ongoing pressure on the external sector and private consumption, we now expect this rebound to be weaker than before," the rating agency said in its comments on India's growth.

Fitch Solutions says India GDP growth to rebound at slower pace

India's real GDP growth slumped in Q1 of FY2019/20 (April-March) to 5 pc year-on-year, from 5.8 pc in Q4 (January-March) FY2018/19.

02 Sep 2019 3:12 PM

5 per cent GDP signals slowdown: Manmoha Singh

India’s GDP growth was five per cent in the first quarter of FY20 vis-a-vis 5.8 per cent in the previous quarter.

02 Sep 2019 2:12 AM

Finance Minister Nirmala Sitharaman. (Photo: File | ANI)

Govt making all out effort to tackle economic situation: Nirmala Sitharaman

I am meeting industries and taking their inputs, suggestions on what they would want and expect from govt, said FM.

01 Sep 2019 3:06 PM

Manmohan Singh said it is particularly distressing that the manufacturing sector's growth is tottering at 0.6 per cent. (Photo: File)

State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a prolonged slowdown'.

01 Sep 2019 11:07 AM

A view of A deserted Lal Chowk area in Srinagar Wednesday. (Photo: PTI)

Three decisions that can split India apart

The final National Register of Citizens is out and India has excluded 19 lakh people from it.

01 Sep 2019 12:32 AM

The government announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.

Banks merger reflects govt resolve to address economic slowdown: India Inc

Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.

31 Aug 2019 11:08 AM

Finance minister Nirmala Sitharaman. (Photo: ANI)

Fiscal deficit crosses 77 pc of budgeted target in first 4 months of 2019-20

The government has set a fiscal deficit target of 3.4 per cnet for 2019-20, same as 2018-19.

30 Aug 2019 4:23 PM

Union Home Minister Amit Shah. (Photo: ANI twitter)

India's economic fundamentals are strong, says Amit Shah

Shah said India's goal is to become a USD 5 trillion economy in the next five years.

30 Aug 2019 9:48 AM

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Patralekha Chatterjee