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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

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

NSSO report: GDP data was bound to be questioned due to methodological issues; it's time CSO redefines sample
Business

NSSO report: GDP data was bound to be questioned due to methodological issues; it's time CSO redefines sample

As other variables like employment, tax collections etc. are linked with GDP numbers, the data set will always be examined more than closely for faults

GDP growth slows to five-quarter low of 6.6% in Q3 on weak performance of agriculture and manufacturing sector
Business

GDP growth slows to five-quarter low of 6.6% in Q3 on weak performance of agriculture and manufacturing sector

Earlier last month, the CSO had estimated GDP growth of 7.2 percent for this fiscal under its first advance estimates.

India's GDP growth likely slowed to 6.9% in December quarter, data to be out on Thursday
Business

India's GDP growth likely slowed to 6.9% in December quarter, data to be out on Thursday

India’s economy likely grew at its slowest pace in over a year in the October-December quarter as weaker rural incomes and softer urban demand weighed on consumption, a Reuters poll showed

India's GDP to grow at 7.2% in FY19 on improved performance of agriculture, manufacturing sector, reveals CSO data
Business

India's GDP to grow at 7.2% in FY19 on improved performance of agriculture, manufacturing sector, reveals CSO data

The Indian economy is expected to grow at 7.2 percent in 2018-19, a tad higher from 6.7 percent in the previous fiscal, mainly due to improvement in the performance of agriculture and manufacturing sectors, the Central Statistics Office said Monday

Indian economy likely to grow at 7-7.4% in FY19, central fiscal deficit projected at 3.2%: NCAER
Business

Indian economy likely to grow at 7-7.4% in FY19, central fiscal deficit projected at 3.2%: NCAER

GDP growth rate at market prices estimated at 7.4–7.7 percent for 2018–19, the NCAER report said

CSO data shows India's GDP grew at five-quarter high of 7.2% in Q3, beats China with 6.8% growth rate
Business

CSO data shows India's GDP grew at five-quarter high of 7.2% in Q3, beats China with 6.8% growth rate

The growth in GDP during 2017-18 is estimated at 6.6 percent as compared to the growth rate of 7.1 percent in 2016-17, CSO added.

Services, industrials to lift Q3 GVA print to 6.8%; GDP to improve to around 7.5% in fourth quarter: Icra
Business

Services, industrials to lift Q3 GVA print to 6.8%; GDP to improve to around 7.5% in fourth quarter: Icra

Growth in the services sector is likely to record a base-effect led pick-up to nearly 8.8 percent in Q3 from 7.1 percent in Q2.

Falling inflation, GDP pain: Why RBI will have to give in to growth lobby sooner than later
Business

Falling inflation, GDP pain: Why RBI will have to give in to growth lobby sooner than later

Pick up in factory output and slowing inflation augurs well for the economy and, if sustains, can support the revival in GDP growth

RBI monetary policy review: Three reasons why MPC chose to hold repo rate at 6% on Wednesday
Business

RBI monetary policy review: Three reasons why MPC chose to hold repo rate at 6% on Wednesday

RBI considered first advance estimate for GVA growth that central statistics office (CSO) revised down to 6.1 percent for 2017-18

Agriculture sector growth likely to be higher than CSO estimate of 2.1%, says ministry
Business

Agriculture sector growth likely to be higher than CSO estimate of 2.1%, says ministry

The agriculture sector is expected to grow higher than projected 2.1 percent growth by the Central Statistics Office for the current fiscal, following better Rabi crop prospects

India's GDP growth to slip below 7% this fiscal as effects of GST, demonetisation linger on: Experts
Business

India's GDP growth to slip below 7% this fiscal as effects of GST, demonetisation linger on: Experts

Former Planning Commission Deputy Chairman Montek Singh Ahluwalia said GDP growth would be around 6.2 percent to 6.3 percent for current fiscal.

From banks' recapitalisation to job creation, five areas that Arun Jaitley should lay emphasis on in budget
Business

From banks' recapitalisation to job creation, five areas that Arun Jaitley should lay emphasis on in budget

Govt needs to have a war-room strategy on irrigation in budget as according to Bibek Debroy biggest problem of agriculture is the dry land issue

Budget 2018: Increase social security pension from Rs 200 to at least Rs 500, experts tell Arun Jaitley
Business

Budget 2018: Increase social security pension from Rs 200 to at least Rs 500, experts tell Arun Jaitley

At pre-Budget meet, experts pointed out the amount for social security pension has been abysmally low of Rs 200 per month

RBI's neutral policy stance a recognition of under-control inflation, says Finance Ministry
Business

RBI's neutral policy stance a recognition of under-control inflation, says Finance Ministry

RBI's Monetary Policy Committee recognised inflation remains firmly under control, retaining its inflation projection

India's GDP projected to grow at 6.2% in FY18; real agriculture GVA would grow at 3 percent: Study
Business

India's GDP projected to grow at 6.2% in FY18; real agriculture GVA would grow at 3 percent: Study

World Bank has said India's GDP may slow from 8.6 percent in 2015 to 7 percent in 2017

Moody's expects India's growth to top 7.7% this fiscal
Business

Moody's expects India's growth to top 7.7% this fiscal

Moody's saw India's credit rating materialising in the medium term based on reforms