Gross Domestic Product | The Asian Age

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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 real GDP growth is estimated at 7.2 per cent in FY18-19, the World Bank said in its latest report on South Asia on Sunday ahead of the spring meeting of the World Bank and the International Monetary Fund.

Investment boost: World Bank says India GDP to grow 7.5 per cent this year

With robust growth, and food prices poised to recover, inflation is expected to converge toward 4 per cent.

08 Apr 2019 7:23 PM

Need to develop proper matrix to understand changes in economy: Prabhu

Minister Suresh Prabhu said now start-ups too are providing huge job opportunities but the challenge is to capture that data.

07 Apr 2019 2:11 PM

Union finance minister Arun Jaitley said the 2011 Census showed that 21.9 per cent of India's population lived below the poverty line (BPL) and with the present rate of growth, this might have further reduced to 17 per cent today. (Photo: File | PTI)

India to be third largest economy by 2030: Arun Jaitley

Talking about growth avenues for next 20 years, finance minister listed infrastructure, rural expansion and gender parity.

06 Apr 2019 5:16 PM

The government expects Rs 28,000 crore from the RBI as interim dividend for 2018-19 based on the financial position of the central bank. (Photo: Twitter | @ANI)

Jaitley to address RBI board on Monday

The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal.

17 Feb 2019 1:30 PM

India’s ageing population is expected to grow at more than double the rate of the general population According to Census 2011, India has 10.8 million senior citizens (above 60 years of age).

Micro-pensions can boost security for India’s elderly poor

Only 4 per cent households were covered under widow pension, 2 per cent retirement pension and 1.5 per cent under disability pension.

21 Jan 2019 4:58 AM

The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago. (Representational Image)

GDP growth drops to 7.1 per cent in July-September quarter

As opposed to the last quarter, Indian economy grew at 8.2 per cent in April-June quarter of this fiscal.

30 Nov 2018 6:32 PM

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

Apr-June GDP grows to 8.2 pc, cements India's place as fastest growing economy

The growth cemented India's position as fastest growing major economy, clocking higher expansion rate than China's 6.7 in same quarter.

31 Aug 2018 6:21 PM

The percentage of capital expenditure on the social services increased from three in 2015-16 to 3.5 in 2016-17.

CAG concerned about expenses over wages

The decrease was seen under energy, agriculture and allied activities’ expenditure.

21 Jul 2018 1:50 AM

Finance Commission chairman N.K. Singh talks with chief minister Mamata Banerjee as state finance minister Amit Mitra looks on during the press conference on 15th Finance Commission at Nabanna Savaghar in Kolkata on Tuesday. (Photo: Abhijit Mukherjee)

‘Taken serious note of Bengal debt overhang’

West Bengal’s total debt stood at Rs 3.40 lakh crore, which is one of the highest among states.

18 Jul 2018 6:05 AM

To reduce the economic burden due to foodborne disease, India needs to invest in ensuring food safety for the masses.

Food safety cannot be left to chance: Time to incentivise states for action

FSSAI being the apex regulatory body, is having important responsibilities and functions to perform to ensure food safety in the country.

17 Jul 2018 5:35 AM

Violence cost the Indian economy a whopping USD 1.19 trillion (over Rs 80 lakh crore) last year in constant purchasing power parity (PPP) terms, which amounts to roughly USD 595.4 per person, says a report. (Photo: PTI)

Violence cost India's GDP over USD 1 trillion, per person cost at Rs 40,000

The economic impact of violence to the global economy was USD 14.76 trillion in 2017, in PPP terms.

10 Jun 2018 12:46 PM

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

RBI dumps GVA model, switches back to GDP to meaure economy

Government had started analysing growth estimates using GVA methodology from January 2015.

05 Apr 2018 5:49 PM

Gross Domestic Product, as we know, is a method of measuring the country's economy — it’s the total value of everything produced by all the people and companies in the country.

India’s GDP gets back fastest growing tag

Prime Minister Narendra Modi had indicated equal opportunity for all and his mantra of ache din aane waale hain electrified people in 2014.

03 Mar 2018 1:21 AM

A file photo of people demonstrating against government policies that favour one per cent rich.

New technology delinks people from GDP growth

Governments’ focus on GDP growth alone ignoring other incidators could result into a popular backlash.

05 Feb 2018 2:33 AM

The year 2018 will mark the mid-point of a five-year government plan. (Photo: AP)

China must win ‘3 tough battles’ while pursuing reforms: Li Keqiang

Li Keqiang said due out at opening of annual meeting of parliament in March, government is expected to set its economic targets for 2018.

23 Jan 2018 2:17 PM

Finance Minister Arun Jaitley (Photo: AP)

Govt admits economy slowed down in 2016-17

Jaitley said that for the last three consecutive years, India has remained the fastest growing economy in the world.

30 Dec 2017 4:37 AM

Bank of America Merrill Lynch report said The country has already overtaken Brazil and Russia to emerge as the second largest BRIC economy after China. (Photo: File | PTI)

India to overtake Japan to become third largest economy by 2028

Report said India is well on track to cross France, Britain to emerge as world's fifth largest economy after Germany by 2019.

13 Nov 2017 9:37 PM

Former Railway Minister Suresh Prabhu on Sunday congratulated Piyush Goyal on his new stint as the Railway Minister. (Photos: File)

Former Railways minister Prabhu extends support to Goyal after Cabinet rejig

In a major Cabinet reshuffle on Sunday, Piyush Goyal was given the portfolio of Railways Ministry.

03 Sep 2017 9:16 PM

There is a possibility that GDP may slip below 6.5 per cent, said a report by SBI Research. Photo: PTI

India's GDP may slump below 6.5 per cent this fiscal: SBI Research

The report noted that the GDP estimates of Q1 show that impact of demonetisation has not withered completely.

01 Sep 2017 3:55 PM

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