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GDP growth slows to nearly 7-year low at 4.7% in Q3 on poor performance by manufacturing, construction sectors
Business

GDP growth slows to nearly 7-year low at 4.7% in Q3 on poor performance by manufacturing, construction sectors

GDP at Constant (2011-12) prices in Q3 of 2019-20 is estimated at Rs 36.65 lakh crore, as against Rs 35 lakh crore in Q3 of 2018-19, showing a growth rate of 4.7 percent," the NSO said.

GDP growth rate for 2018-19 revised downwards to 6.1% from 6.8% on deceleration in mining, manufacturing, farm sectors
Business

GDP growth rate for 2018-19 revised downwards to 6.1% from 6.8% on deceleration in mining, manufacturing, farm sectors

The government on Friday revised downwards the economic growth rate for 2018-19 to 6.1 percent from 6.8 percent estimated earlier, mainly due to deceleration in mining, manufacturing and farm sectors

Economic slowdown fallout: GDP growth estimated to drop to 5% in FY20 on deceleration in manufacturing sector
Business

Economic slowdown fallout: GDP growth estimated to drop to 5% in FY20 on deceleration in manufacturing sector

The Indian economy is estimated to grow at 5 percent in 2019-20 as against 6.8 percent in the previous fiscal, according to government data

Industrial production declines by 3.8% in October on poor performance by power, capital goods, consumer durables sectors
Business

Industrial production declines by 3.8% in October on poor performance by power, capital goods, consumer durables sectors

Industrial production shrank by 3.8 percent in October, mainly due to poor performance by power, capital goods, consumer durables sectors, according to official data released on Thursday

Q2 GDP at 4.5%: With record-low nominal growth at 6.1%, economy is slipping to deeper pain; forget the $5-trillion target
Business

Q2 GDP at 4.5%: With record-low nominal growth at 6.1%, economy is slipping to deeper pain; forget the $5-trillion target

India’s Gross Domestic Product (GDP) for the July-September quarter has come at 4.5 percent, the lowest growth in at least six-and-half years or in 26 quarters and even worse than the first quarter when the economy grew at 5 percent

Q2 GDP growth plunges to over six-year low at 4.5% on deceleration in manufacturing, agriculture, construction sector
Business

Q2 GDP growth plunges to over six-year low at 4.5% on deceleration in manufacturing, agriculture, construction sector

India's GDP growth dropped to a six-and-half-years (26-quarter) low of 4.5 percent in the July-September quarter of 2019-20 due to a sharp deceleration in the manufacturing sector and sluggish agriculture, construction sector output, according to official data released on Friday

Industrial production contracts at fastest pace in over seven years at 4.3% in September; consumer durables, non-durables register negative growth
Business

Industrial production contracts at fastest pace in over seven years at 4.3% in September; consumer durables, non-durables register negative growth

The power generation sector output dipped 2.6 percent in September, compared to 8.2 percent growth in the year-ago period.

GDP falls to 5%: Urgent economic reforms needed, but Centre's attention fixed on Ayodhya, Assam and Kashmir
India

GDP falls to 5%: Urgent economic reforms needed, but Centre's attention fixed on Ayodhya, Assam and Kashmir

Unless very high growth is revived, India’s journey towards eliminating poverty and dependence will halt.

GDP growth slips to 5%: There may be more bad news coming before things get better; economy must be sole focus now
Business

GDP growth slips to 5%: There may be more bad news coming before things get better; economy must be sole focus now

India could have been on a stronger wicket if the first Narendra Modi government had not missed several opportunities to strengthen the economy (this is not to take away from the few reforms it did undertake).

GDP growth slows to 6-year low at 5% in April-June from 8% a year ago; agriculture, manufacturing sectors show dismal performance
Business

GDP growth slows to 6-year low at 5% in April-June from 8% a year ago; agriculture, manufacturing sectors show dismal performance

Continuing on its downward slide, the economic growth in the first quarter of FY20 slowed to 5 percent in April-June from 8 percent in a multi-year low.

GDP to grow at 6% in April-June quarter, says FICCI survey; CSO to release data tomorrow
Business

GDP to grow at 6% in April-June quarter, says FICCI survey; CSO to release data tomorrow

India's economy will grow at a median rate of 6 percent during the first quarter of the current financial year ended 30 June, according to a FICCI report

GDP growth set to slow further in April-June quarter to 5.7% amid contraction in consumption, weak investments: Nomura
Business

GDP growth set to slow further in April-June quarter to 5.7% amid contraction in consumption, weak investments: Nomura

The Central Statistics Office (CSO) will come out with the GDP figures for the first quarter (April-June) on 30 August.

Retail inflation eases marginally to 3.15% in July despite costlier food items
Business

Retail inflation eases marginally to 3.15% in July despite costlier food items

Retail inflation eased marginally in July to 3.15 percent over the previous month despite costlier food items, said a government data released on Tuesday evening

Firstpost Editor's picks: Heckling of Owaisi, Subramanian's overestimation of GDP, Hasan Minhaj in Volume 3 of Patriot Act; today's must-read stories
India

Firstpost Editor's picks: Heckling of Owaisi, Subramanian's overestimation of GDP, Hasan Minhaj in Volume 3 of Patriot Act; today's must-read stories

From heckling of Asaduddin Owaisi and non-BJP leaders, Arvind Subramanian's overestimation of GDP, to Hasan Minhaj in Volume 3 of Patriot Act — here are today's must-read stories

Arvind Subramanian's claim on overestimation of GDP is exotic research confined to shelf; CSO should focus on improving robustness of data
Business

Arvind Subramanian's claim on overestimation of GDP is exotic research confined to shelf; CSO should focus on improving robustness of data

It was expected that the EAC-PM would rebut the conclusions drawn by the former Chief Economic Adviser Arvind Subramanian

With high GDP growth, Modinomics works without compromising on fiscal discipline or inflation, argues BJP economist
Business

With high GDP growth, Modinomics works without compromising on fiscal discipline or inflation, argues BJP economist

It is amply clear now that revisions in the GDP numbers have happened regularly, even during erstwhile Congress-led dispensations.

Retail inflation spikes to 7-month high of 3.05% in May on costlier food articles; factory output grows 3.4% in April
Business

Retail inflation spikes to 7-month high of 3.05% in May on costlier food articles; factory output grows 3.4% in April

The previous high was in October 2018, when the retail inflation print came in at 3.38 percent.

Former CEA Arvind Subramanian's claim on GDP growth overestimation is a valid view, but here's the catch
Business

Former CEA Arvind Subramanian's claim on GDP growth overestimation is a valid view, but here's the catch

The former CEA has come up with his calculation that shows that there has been an overstatement of GDP based on limited variables that he has used

Over 90% firms surveyed filed returns, clarifies Central Statistics Office to NSSO
Business

Over 90% firms surveyed filed returns, clarifies Central Statistics Office to NSSO

The NSSO said a large number of units forming part of MCA 21 database, used in computing GDP, were either not identifiable or traceable in the field

FICCI survey puts Q4 GDP growth at 6.5%; CSO to declare official number tomorrow
Business

FICCI survey puts Q4 GDP growth at 6.5%; CSO to declare official number tomorrow

India's GDP likely grew 6.5 percent in the fourth quarter ended March 2019, said an economic outlook survey of industry chamber FICCI on Thursday