Gdp Forecast

CRISIL sharply cuts GDP forecast to 6.3% in current financial year citing more broad-based slump

Describing the slowdown as "deeper and more broad-based than suspected", domestic rating agency CRISIL on Wednesday sharply slashed its GDP forecast for FY20 to 6.3 percent from 6.9 percent earlier

Sensex tanks 554 points, Nifty slips below 12,000-mark despite RBI rate cut; Yes Bank, SBI, L&T, Tata Steel among top losers

Following the announcement, the 30-share index cracked 553.82 points, or 1.38 percent, to settle at 39,529.72. The bourse hit an intra-day low of 39,481.15 and a high of 40,159.26.

IMF cuts global growth estimate to 3.3% as world economy loses steam; India continues to show highest growth rate of 7.3%

The broad-based slowdown, most notably in advanced economies, was larger than expected and apparently due to the "souring of market sentiment" partly due to the trade tensions, the IMF said.

HSBC upgrades Indian equities to 'neutral' from 'underweight', says strong earnings growth will continue next year

With the parliamentary elections scheduled for 2019, HSBC said it expected equities to gain like in the previous three polls

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 Ratings pegs down FY19 GDP forecast to 7.2% citing rising inflationary risks

The key reasons for the downward revision (GDP forecast) is the headwinds emanating from the elevated global crude prices and government's decision to fix MSPs of all kharif crops, India Ratings said

PNB fraud spur Goldman Sachs to downgrade India's economic growth forecasts to 7.6% in FY19

In a note to clients, Goldman Sachs lowered its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6 percent from 8 percent earlier

Crisil lowers GDP forecast to 7% in current financial year on GST hiccups

Crisil warned that manufacturing growth could slow down to 7.6 percent in the current fiscal year from 7.9 percent last fiscal year

Global economy to grow at 3.2 per cent in 2016: IMF

The global economy will grow at 3.2 per cent in 2016 and 3.5 per cent in 2017, the IMF forecast today in a downward revision of its previous estimates and sought an immediate and proactive response to the diminished outlook.