Page 14 - Latest Updates on Gross Domestic Product (GDP)
Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin
It was 5.57 per cent in 2016-17 and 5.47 per cent in 2015-16
 "Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin")
Will focus on improving tax-GDP ratio: Revenue Secy Ajay Bhushan Pandey
Pandey said the government has already undertaken several measures to further simplify the system
 "Will focus on improving tax-GDP ratio: Revenue Secy Ajay Bhushan Pandey")
BJP MPs oppose House panel report seeking review of GDP calculation method
The draft report states that detailed examination reveals several inadequacies in the GDP measuring mechanism
 "BJP MPs oppose House panel report seeking review of GDP calculation method")
UNCTAD pegs GDP growth at 7% in 2018; China remains stagnant at 6.7%
The United Nations agency on Wednesday said huge volumes of bad debt in the banking set risked derailing credit expansion and ultimately investment and economic growth
 "UNCTAD pegs GDP growth at 7% in 2018; China remains stagnant at 6.7%")
Letter to BS: Q1 GDP growth speeds up, but policy concerns remain
For long these two sectors have been a drag on GDP growth, and a cause for serious worry
 "Letter to BS: Q1 GDP growth speeds up, but policy concerns remain")
India shrugs off global trade war fears with world-beating GDP growth in Q1
Indian economy may receive a further boost from an anticipated increase in govt spending in coming months, as PM Narendra Modi tries to boost his party's prospects for the general election due in 2019
 "India shrugs off global trade war fears with world-beating GDP growth in Q1")
Q2 likely to see 7.5% GDP growth; election impact in Q3 and Q4
Gross fixed capital formation has more or less chased GDP growth
 "Q2 likely to see 7.5% GDP growth; election impact in Q3 and Q4")
Look beyond GDP numbers: The broader India story does not shine as much
It is silly to get into political slanging matches over a difference of decimal points in GDP growth figure, especially when the basic narrative is pretty much what it was earlier, writes T N Ninan
 "Look beyond GDP numbers: The broader India story does not shine as much")
GDP could grow at 7.7% in Q1, take a hit on weak farm growth: SBI
The CLI is signalling that the economic activity for Q1FY19 has picked up substantially, said the SBI Ecowrap report
GDP likely to grow at a healthy 7.5% in first quarter, say economists
Slightly lower than the seven-quarter high of 7.7% logged in the fourth quarter of 2017-18
 "GDP likely to grow at a healthy 7.5% in first quarter, say economists")
GDP, retail inflation base years to be changed to 2017-18 and 2018
The last base year for GDP, IIP and consumer price index was revised to 2011-12 and 2012 (for inflation)
 "GDP, retail inflation base years to be changed to 2017-18 and 2018")
The GDP obfuscation
The new methodology of calculating GDP is more in line with international standards
Violence cost India's GDP over $1 trn in 2017; $595 per person: IEP report
The estimates include the direct and indirect cost of violence as well as an economic multiplier
 "Violence cost India's GDP over $1 trn in 2017; $595 per person: IEP report")
Industry expects GDP growth close to 8% over next couple of years, says CII
CII report said Rs 500 billion worth of investments have been recently announced
Delhi, Mumbai, Bengaluru in top 10 cities for GDP risk from terrorism
Civil conflict and interstate conflict were the top two threats for each city, except Kolkata which has tropical windstorm as its largest threat according to Lloyd's India's City Risk Index
 "Delhi, Mumbai, Bengaluru in top 10 cities for GDP risk from terrorism")
Govt keeps FY19 GDP growth estimate unchanged at 7.5%, Goyal lauds Modi
The growth surpassed China's 6.8 per cent expansion in the January-March period
 "Govt keeps FY19 GDP growth estimate unchanged at 7.5%, Goyal lauds Modi")
GDP growth to rise to 7.7% y-o-y in Q1 from 7.2%, says Nomura Report
The report further noted that India is expected to witness cyclical recovery led by both investment and consumption
India's real GDP growth expected to expand at 7.4% in 2018-19: Urjit Patel
In his address, Patel said since November 2016, headline consumer price inflation had generally remained below the medium-term target of four per cent
 "India's real GDP growth expected to expand at 7.4% in 2018-19: Urjit Patel")
India's GDP to hit $5 trn by FY2025 thanks to digitisation, reforms: Garg
The government also proposes to setup 500,000 wi-fi hotspots which will provide broadband access to 50 million rural citizens, Garg said
 "India's GDP to hit $5 trn by FY2025 thanks to digitisation, reforms: Garg")
Growth recovery visible; sentiment poor
Policy actions could be increasingly populist in nature as the BJP drives towards getting re-elected
 "Growth recovery visible; sentiment poor")
