Defending the loan waiver, the Congress leader, who also had a long stint in central government in various ministries, said it was very necessary as agriculture is a backbone of the Indian economy
Advance estimates of GDP growth disappoint
The critical factors that can determine growth will be oil prices
The limit now works out to be about $160 billion for the current fiscal year, against the actual outstanding of $126.29 billion as on September 30
If we want to put people first, we have to know what matters to them, what improves their wellbeing, and how we can supply more of whatever that is
Raising manufacturing sector's share in GDP requires a fundamental change in our national innovation system and an increase in tech investments
If policymakers had paid more attention to household statistics rather than GDP, they would see why many people stopped trusting their governments following the crisis
Icra expects the current account deficit to widen sharply to $19-21 billion
The figures showed growth in the 10 years of Congress rule to 2014 averaged 6.7 per cent, below an average of 7.4 per cent under the current government
Lower growth rate anticipated after country clocks a nine-quarter high of 8.2 per cent rate in Q1 of 2018-19
The economy's fastest expansion in more than two years in the June quarter was predicted accurately by only one of 44 economists surveyed by Bloomberg
Though the Centre may manage to achieve the debt-to-GDP ratio target of 40 per cent by FY23, the states achieving the 20 per cent target looks difficult as most of them have not budgeted so far, warned a report. The states' aggregate debt-to-GDP ratio for FY19 has been budgeted at 24.3 per cent and according to their FY19 budgets, only 10 of the 20 states will have debt-to-GSDP ratio of under 25 per cent in FY19, noted the report by India Ratings' chief economist, DK Pant. The NK Singh committee, which is reviewing the Fiscal Responsibility and Budget Management Act of 2003, has suggested that the fiscal policy try to reduce the debt-to-GDP ratio to 60 per cent by FY23, with the Centre's at 40 per cent and the states' combined at 20 per cent, instead of improving the revenue to fiscal deficit ratio. Eight states namely Himachal, Jammu & Kashmir, Kerala, Manipur, Meghalaya, Nagaland, Punjab and Rajasthan had debt-to-GSDP ratios in excess of 30 per cent in FY18, ...
Centre was unable to create any advantage for India when oil prices were muted during February 2016, said Amit Mitra
'Does the new series represent a fuller description of the manufacturing value added, or is it an overestimation?' the authors wrote
According to official data, the Indian economy grew at a two-year high of 8.2 per cent in the April-June quarter of current fiscal
GST, reforms in Ease of Doing Business, FDI, labour, agriculture, and many other initiatives have begun to show impact: CII
Experts are of the opinion that the two sectors - manufacturing and agriculture - that aided GDP growth in Q1FY19 might slow in quarters ahead
Manufacturing grew at 13.5% in Q1FY19 aided by a low base effect
Congress said while the government was taking credit of GDP accelerating at the rate of 8.2 per cent in the first quarter, the hidden reason is the base effect
The services sector grew at a slightly slower pace of 7.3% in Q1FY19