Govt blames NBFC crisis for the slowdown
Finance Minister Piyush Goyal in the Budget Speech said that India is solidly back on track and marching towards growth and prosperity
India is expected to clock a growth rate of 7.2 per cent in the current financial year, up from 6.7 per cent in 2017-18
Prabhu said the country is now targeting to increase the annual FDI inflows to $100 billion
Most private economists have already lowered India's growth forecast to around seven per cent for FY19
Distress visible in the agriculture sector, says former chief economic advisor Kaushik Basu.
The document aims to accelerate GDP growth to 8% and propel the country towards a $5-trillion economy by 2030
GDP growth at constant prices was 8.2% in the April-June quarter of 2018-19
Its principal economist Aditi Nayar said pre-tax margins for companies have declined on a quarter-on-quarter basis
China and India are projected to see the greatest gross value add increase from flexible workspaces
Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth
Principal Economic Adviser in the Ministry of Finance, Sanjeev Sanyal, was responding to a query about Congress leader P Chidambaram expressing scepticism over GDP growth prospects
Attributing the good quarterly performance to 13.5 per cent growth in the manufacturing sector, Garg said it signals very good turnaround of the manufacturing
The major push to growth is likely to come from the manufacturing and the services sectors, says the HDFC Bank research report
Current Account Deficit would largely be financed by foreign direct investment
On inflation, the report said upside risks could emerge from a weak monsoon
Such growth, Amitabh Kant said, was not possible if infant-mortality and maternal mortality rates were at very high rates and if one in three children was stunted
India is expected to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019, leaving its nearest rival China behind
The world, he said, is watching as to when India will break into the $5 trillion economy club by doubling its economy
He also said that as Chinese exports are becoming expensive because of rising wages, India can reap benefits by improving competitiveness