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
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 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
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
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
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
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%
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
In the Budget presented on Friday, the government lowered the fiscal deficit target to 3.3% of the GDP for 2019-20
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
The GDP measures the value of economic activity within a country.
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
This summer, newly appointed finance ministerNirmala Sitharaman will find herself dealing with another kind of pickle--a flagging economy and an employment crisis.
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?
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
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
"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.
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
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
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.