Page 29 - Gdp

Ficci survey pegs India's GDP growth rate at 6.9% for the entire year

The investment rate is expected to go up in the second half

GDP to grow at 6% in Apr-June, more rate cuts by RBI in 2019: Ficci survey

India's economy will grow at a median rate of 6 per cent during the first quarter of the current financial year ended June 30, according to a Ficci report. The country's economy grew at 8.2 per cent in April-June 2018-19. The growth numbers for the first quarter are expected to be released by the Central Statistics Office next week. "The recently released unemployment numbers by NSSO reaffirm the grim situation with regard to employment in the country," said Ficci Economic Outlook Survey. It pegged the annual median GDP growth forecast for 2019-20 at 6.9 per cent, with a minimum and maximum estimate of 6.7 per cent and 7.2 per cent, respectively. The median is the middle number in a sorted, ascending or descending list of numbers which can be more descriptive of a data set than the average. A majority of the participating economists in the survey suggested the RBI will continue its accomodative stance, with a further cut in the repo rate in the remaining part of 2019-20. They fel

Deepening manufacturing slump puts Germany on the brink of recession

Economic momentum has stalled for the past year, and there are few signs the situation will improve any time soon

Biscuits to soaps, slowdown pain for FMCG companies comes in small packs

Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown

Why this may be time to thoroughly redesign Indian banking system

Lately, India's banking system has been beset by a bad debt crisis, which is crimping credit to productive sectors, dampening domestic investment and leading to subdued employment and GDP growth

GDP measurement and the slowdown

Although there are some structural issues, the economy is slowing largely due to cyclical factors

ANZ Banking Group slashes India's GDP growth forecast to 6.2% in 2019-20

The forecasts all badly lag the government's longer-term target of getting the economy humming at rates above 8%

Rural investment is the best way to revive economy, says Pronab Sen

The informal sector is starting to crawl back, and taking back some of the space it had given up after demonetisation

Rate cuts to continue

Further rate cuts are contingent on the non-banking financial company sector recovery prospect

NCAER sees GDP growth at 6.2% on flat agriculture gross value added

The IMF projected the growth rate at 7% for FY20, while the World Bank saw it at 7.5%

Three contradictions that hobble Modi govt's response to economic slowdown

The Modi regime wants a bigger role for the government but it does not have the comfort of having enough financial resources

India needs to grow at 9% for 5 years to become $5 trillion economy: EY

Raising the growth rate to 9 per cent in FY21 would require uplifting the investment rate to close to 38 per cent of GDP as against 31.3 per cent in FY19, it said

April-June fiscal deficit hits 61.4% of FY target; touches Rs 4.32 trn mark

Data by the Controller General of Accounts showed that total expenditure for April-June was Rs 7.22 trillion

Myriad challenges that threaten to set off India's demographic time bomb

The ticking gets only louder with weak govt institutions, water crisis, minority targeting within and outside Parliament and an economy that refuses to kickstart

Target R&D expenditure of 2% of GDP by 2022, says PM economic panel

The growth in R&D expenditure should be commensurate with the economy's growth and should be targeted to reach at least 2 per cent of the GDP by 2022, according to the Economic Advisory Council to the Prime Minister (EAC-PM). In a report titled 'R&D Expenditure Ecosystem', the EAC-PM said that the line ministries at the Centre could be mandated to allocate certain percentage of their budget for research and innovation for developing and deploying technologies as per the priorities of the respective ministries. "The growth in R&D expenditure should be commensurate with the growth of GDP and should be targeted to reach at least 2 per cent of GDP by 2022," the report said. It pointed out that India's public investment in R&D as a fraction of GDP has remained stagnant over the last two decades. It has remained constant at around 0.6 per cent to 0.7 per cent of GDP and this is well below the major countries such as the US (2.8 per cent), China (2.1 per cent), Israel (4.3 ...

After Modi's $5 trillion vision, Yogi targets $1 trillion GSDP for UP

CM Adityanath exhorts UP's biz community, traders for helping achieve the target

Budget 2019: India won't become a superpower with these allocations

Only 3.4% of total federal spending was budgeted for education - down from 3.74% the previous year and from 4.3% when Modi took over in 2014

A much-needed blueprint

The Economic Survey posits a clear development model to put India on a high-growth path

Gross tax to GDP ratio declined to 10.9% in FY19: Economic survey

The survey said though there has been improvement in tax to GDP ratio over the last six years, gross tax revenues as a proportion of GDP has declined by 0.3 percentage points in 2018-19 over 2017-18

Overseas investors can't ignore India if they seek higher returns: Manulife

Amid uncertainty about global economic growth, investors are looking for markets that are driven by domestic demand, have room for lower interest rates