Consumption

Showing of 21 - 40 from 67 results
Consumption - Total results - 67
Moody's cuts India's GDP growth forecast to 5.6% for 2019; says slowdown lasting longer than previously expected
Business

Moody's cuts India's GDP growth forecast to 5.6% for 2019; says slowdown lasting longer than previously expected

Moody's Investors Service on Thursday cut India's economic growth forecast for current year to 5.6 perent from 5.8 percent estimated earlier, saying GDP slowdown is lasting longer than previously expected

Consumer demand muted during Diwali festival; GDP growth may fall to 5.8% in current fiscal: Report
Business

Consumer demand muted during Diwali festival; GDP growth may fall to 5.8% in current fiscal: Report

Despite efforts mounted by the government, demand has been "muted" during the festive time, and this leads to a 0.30 percent cut in FY20 GDP growth forecast to 5.8 percent, a foreign brokerage said on Monday

India to take more steps to boost consumer demand, economic growth: CEA Subramanian
Business

India to take more steps to boost consumer demand, economic growth: CEA Subramanian

India plans to take more steps to boost consumer demand including injecting liquidity through banks and simplifying personal taxes, a top government economic adviser said on Friday, in a bid to raise economic growth from six-year lows

Present economic crisis bigger than that of 2008 as slump more protracted now: Goldman Sachs
Business

Present economic crisis bigger than that of 2008 as slump more protracted now: Goldman Sachs

The consumption slump, a major challenge afflicting the economy, cannot be attributed to the NBFC crisis as it predates the first default by infra lender IL&FS, says a brokerage, which has also slashed growth forecast to 6 percent with a downward bias

Economy to start looking up in days ahead, says Nirmala Sitharaman; private banks, financial institutions not facing any liquidity problem
Business

Economy to start looking up in days ahead, says Nirmala Sitharaman; private banks, financial institutions not facing any liquidity problem

Nirmala Sitharaman said that she had not heard of any liquidity problem after meeting with private banks, MFs, NBFCs and small finance banks

GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown
Business

GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown

Amid the clamour for a rate cut by various industries, the all-powerful GST Council will hold a crucial meeting on Friday to decide on tax moderation, keeping in mind the revenue position and the need to boost sagging economic growth

India's rising household debt has helped drive demand but will lead to negative impact on growth in long-term: Report
Business

India's rising household debt has helped drive demand but will lead to negative impact on growth in long-term: Report

An increase in the household debt-to-GDP ratio by one percentage point lowers output growth in the long run by 0.1 percent.

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%
Business

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%

India Ratings on Wednesday lowered the country's growth forecast to six-year low of 6.7 percent for the current fiscal from an earlier estimate of 7.3 percent on account of slowdown in consumption and moderation in industrial growth among other factors

Govt duty-bound to achieve fiscal deficit of 3% as per law, says Finance Minister Nirmala Sitharaman
Business

Govt duty-bound to achieve fiscal deficit of 3% as per law, says Finance Minister Nirmala Sitharaman

In the Budget presented on Friday, the government lowered the fiscal deficit target to 3.3% of the GDP for 2019-20

Union Budget likely to hike government spending to shore up consumption, combat slumping growth
Business

Union Budget likely to hike government spending to shore up consumption, combat slumping growth

Prime Minister Narendra Modi’s government on Friday will unveil a budget that is expected to cut taxes on business and raise spending in a bid to shore up consumption and faltering economic growth

Corporate India pitches for land and labour reforms to achieve double-digit economic growth
Business

Corporate India pitches for land and labour reforms to achieve double-digit economic growth

With the Modi government beginning its second innings with a greater mandate, the industry on Monday pitched for a series of reforms, including in critical areas of land and labour, to take India's economic growth to double-digits in the next five years

Economy in a pickle: Nirmala Sitharaman faces a daunting task of lifting a faltering economy, addressing unemployment
Business

Economy in a pickle: Nirmala Sitharaman faces a daunting task of lifting a faltering economy, addressing unemployment

This summer, newly appointed finance ministerNirmala Sitharaman will find herself dealing with another kind of pickle--a flagging economy and an employment crisis.

Slowing economic growth big worry for Narendra Modi govt; needs stimulus: Industry body FICCI
Business

Slowing economic growth big worry for Narendra Modi govt; needs stimulus: Industry body FICCI

India’s slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy, a top industrial body said on Monday ahead of the inauguration of Prime Minister Narendra Modi’s second term

Narendra Modi’s Economic Advisory Council member predicts 'middle income trap' in economy: How will you be impacted?
Business

Narendra Modi’s Economic Advisory Council member predicts 'middle income trap' in economy: How will you be impacted?

This prediction, by a member of the government’s top think-tank, has added to the fears that a prolonged slowdown is likely to grip the economy.

Q2 GDP growth slows to 7.1% despite lower base; India’s economic engines aren’t firing on all cylinders yet
Business

Q2 GDP growth slows to 7.1% despite lower base; India’s economic engines aren’t firing on all cylinders yet

The disappointing Q2 figures will likely prompt most economists to bring down their full year forecasts closer to 7 percent levels from 7.5 percent

DBS raises real GDP forecast to 7.4% for current fiscal from 7.2% earlier on consumption and higher public spending
Business

DBS raises real GDP forecast to 7.4% for current fiscal from 7.2% earlier on consumption and higher public spending

"The economy has recovered since the transitory shocks of demonetisation and GST rollout," DBS said in a research note adding that consumption both urban and non-farm and higher public spending is expected to lift growth.

India's consumption story set to end due to low jobs growth, investment, warns Ambit
Business

India's consumption story set to end due to low jobs growth, investment, warns Ambit

Households' savings ratio at an 18-year low and retail NPA problems have begun to emerge particularly in the housing finance segment, are also factors which could effect retail credit-funded consumption, Ambit said

Budget 2017 – How these 5 key points would shape up India’s competitiveness
Business

Budget 2017 – How these 5 key points would shape up India’s competitiveness

The overall analysis of the Budget 2017 reflects a balanced approach towards enhancing the overall competitiveness of the country with a clear focus on eliminating the pain points of different sections of the society

After demonetisation pain, will Arun Jaitley offer tax balm for common man?
Business

After demonetisation pain, will Arun Jaitley offer tax balm for common man?

To provide incentive to common man, there is an expectation that the basic exemption limit may be raised to Rs 3.75 lakh or Rs 4 lakh this year.