Gdp Growth | The Asian Age

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General government fiscal deficit seen at 5.8 pc in 2018-19, against 6.4 per cent last fiscal.

Economic Survey 2018-19 highlights

India continues to remain the fastest-growing major economy in the world in 2018-19.

04 Jul 2019 1:30 PM

Economic Survey: GDP growth projected at 7 per cent for 2019-20

The growth projection is higher than a five-year low economic growth of 6.8 per cent for the year ended March 31.

04 Jul 2019 11:47 AM

Economy is facing headwinds in manufacturing and agriculture sectors that saw growth rate slowing down to 5-year low of 5.8 per cent in the January-March quarter. (Photo: ANI)

Economic Survey to chart out reform road map of Modi 2.0 govt

Govt might this year again slip on fiscal deficit front given sluggish GST collections and lower-than-expected growth in direct taxes.

04 Jul 2019 9:31 AM

After becoming prime minister in 2014, Modi improved public finances, trimming the fiscal deficit to 3.4 per cent from 4.5 per cent in 2013-14.

India's budget likely to hike spending to combat slumping growth

In January-March, annual growth slumped to 5.8 per cent, the slowest pace in 20 quarters.

03 Jul 2019 1:56 PM

In recent years, India has managed to rein in the budget deficit, mostly through higher fuel taxes and subsidy cuts. (Photo: Twitter/ ANI)

Going for growth, government set to borrow more: Economists

Govt will revise its fiscal deficit target up to 3.5 per cent of GDP for the current fiscal year and 3.3 per cent for 2020-21.

03 Jul 2019 1:53 PM

Finance Minister Nirmala Sitharaman presents her first budget on July 5, for the fiscal year ending March 2020. (Photo: PTI )

Govt likely to let budget deficit rise as tax receipts fall short

Fiscal deficit target to as much as 3.6 per cent of GDP from an already upwardly revised target of 3.4 per cent.

21 Jun 2019 11:39 AM

The country started measuring GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes.

India defends methodology to measure economic growth

GDP growth being overstated by about 2.5 percentage points per year between 2011-12 and 2016-17.

12 Jun 2019 9:54 AM

‘India changed its data sources and methodology for estimating real gross domestic product (GDP) for the period since 2011-12. This paper shows that this change has led to a significant overestimation of growth,’ former chief economic adviser Arvind Subramanian said in his paper. (Photo: ANI)

India's GDP growth overestimated by 2.5pc, says Modi govt's ex-chief economic adviser

‘The non-politicised nature of changes can be seen from the fact that new estimates bumped up growth for 2013-14,’ Arvind said.

11 Jun 2019 2:32 PM

Shiv Sena chief to visit drought-hit areas from today

According to party sources, while the state was reeling under the drought, the Lok Sabha polls were in progress.

09 Jun 2019 7:05 AM

There will be progressive decline of employment in the manufacturing sector and therefore new avenues of employment has to be created in the services sector.

It’s the economy, stupid!

As regards employment problems that plague the MSME sector, they should be tackled in a time bound manner.

09 Jun 2019 1:17 AM

The Sensex and Nifty-50 fell close to 1.5 per cent with financials taking a huge cut. Sensex fell 553.82 points or 1.38 per cent to 39,529.72 while the Nifty-50 fell 177.90 points or 1.48 per cent to 11,843.75.

Short-term trend of Nifty looks negative

Among the sectoral indices Nifty Bank fell 2.32 per cent while Nifty PSU Bank fell 4.90 per cent.

07 Jun 2019 7:13 AM

Instructions to banks in this regard will be issued within a week," the central bank said.

RBI removes charges on RTGS/NEFT transactions; asks banks to pass on benefits

RBI has decided to set up a committee to review the charges levied on the use to ATMs.

06 Jun 2019 12:53 PM

Hlights of the second bi-monthly monetary policy announced by the RBI on Thursday.

Highlights of RBI's monetary policy statement

Raises retail inflation forecast for Apr-Sept to 3-3.1 per cent and 3.4-3.7 per cent in Oct-March.

06 Jun 2019 12:48 PM

RBI cuts key rate by 25 bps, changes neutral policy stance to accommodative

Benchmark interest rate was cut by 0.25 per cent to 5.75 per cent from 6.00 per cent.

06 Jun 2019 12:04 PM

Young climate activists demonstrate in front of the Finnish Parliament building in Helsinki, Finland, on May 24, a global day of student protests aiming to spark world leaders into action on climate change. (Photo: AP)

With climate change upon us, eco-friendly tech, sustainability the only way forward

An environment-friendly means of development is the most logical answer if we wish to survive in this universe.

05 Jun 2019 2:33 AM

Beginning a three day review on Tuesday, the RBI’s six-member monetary policy committee (MPC) can draw comfort from subdued inflation.

RBI may cut rates, turn 'accommodative' after dismal GDP

Analysts say policymakers should also find ways to boost banks’ liquidity to ensure they drop their lending rates too.

04 Jun 2019 10:31 AM

The growth in gross domestic product (GDP) was slowest since 2014-15.

GDP growth slows to five-year low at 5.8 per cent in January-March

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

31 May 2019 6:00 PM

The fiscal deficit for 2018-19 works out to be 3.39 per cent of GDP, as per data released by Controller General of Accounts (CGA).

Fiscal deficit lower at 3.39 per cent in 2018-19

Fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore.

31 May 2019 5:52 PM

The economy needs far faster growth if it is to generate enough jobs for the millions of young people entering the labour market each month. (Photo; G.N. Jha)

India to see 'big-bang' reforms in Modi's second term, says NITI Aayog official

India’s economic growth rate decelerated to a five-quarter low of 6.6 per cent in the last three months of 2018.

31 May 2019 11:43 AM

Ind-Ra said 2018-19 will be the second consecutive year of an economic slowdown in India. (Photo: PTI)

Ind-Ra expects FY19 GDP growth at 6.9 pc, lower than CSO estimate

The GDP growth was 7.2 per cent during 2017-18.

27 May 2019 3:36 PM

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Sanjeev Ahluwalia