Gross of devolution to the states, both direct and indirect taxes have recorded a modest growth in April-July 2018, with the former likely to be on account of high refunds
The positive feature was a broad-based pattern of growth with the exception of mining. This is a surprise given the strong performance of the coal sector as revealed in the core sector data
Regardless of its relentless propaganda, the fact remains that the government has wasted a great opportunity to boost GDP growth
Slapping a note on a published report saying figures aren't final and should "not be quoted anywhere" - after they've been quoted everywhere - only helped highlight the government's embarrassment
GDP back series only confirms India's growth trajectory
"Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors"
Chidambaram says the Modi government had inherited an economy that was on the upswing
As per the back series data on GDP, Indian economy clocked a 10.08 per cent growth rate in 2006-07, the highest since liberalisation of the economy in 1991
ndia's per capita GDP per annum grew 26 times between 1958 and 2018.
The new series has 2011-12 as the base year and the earlier series had 2004-05 and 1993-94
"The projection is in line with the estimates put out by the Reserve Bank earlier this month," it said
The IMF forecasted India's growth at 7.3 percent in the fiscal year through March 2019 and 7.5 percent in the year after that
It can be noted that there was a dip in the growth in the first half of the previous fiscal, which was attributed by analysts to GST implementation and the waning effects of demonetisation.
The dilemma regarding reliability is usually the greatest around the release of advance estimates
The Indian economy grew 6.6 per cent in the last fiscal as it battled the lingering effects of demonetisation in 2016
Global demand has been improving, which should encourage exports and boost fresh investment
The government had revised its fiscal deficit to Rs 5,948.49 billion from the BE of Rs 5,465.31 billion
GDP expands 7.2% in Oct-Dec as dust settles over GST roll-out
Improvement in private consumption, increase in capacity utilisation and private capex cycle revival will be driving higher growth,a report by HDFC Bank's economists said
The paper quoted data from the National Family Health Survey-4 which showed that close to 60 per cent of children aged between 6 and 59 months are anaemic