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Amid COVID-19 crisis, India's GDP contracts by 23.9% in April-June quarter
Business

Amid COVID-19 crisis, India's GDP contracts by 23.9% in April-June quarter

Data released by the NSSO shows that the economy had grown by 5.2% in the same quarter of last fiscal. The GVA for all sectors, except agriculture, suffered steep declines

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

Govt sector contributes 40% of GVA growth in Q2, gold outlook for 2020; all this and more on Moneycontrol Pro
Business

Govt sector contributes 40% of GVA growth in Q2, gold outlook for 2020; all this and more on Moneycontrol Pro

Since overall real GVA growth in the September quarter was 4.3 percent, it’s pretty clear the government sector contributed handsomely to growth.

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

India's economic growth likely to slow further in second half of 2019 on weakness in consumption sector: DBS
Business

India's economic growth likely to slow further in second half of 2019 on weakness in consumption sector: DBS

Weakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity.

ICRA forecasts lower GDP growth at 4.7% in Q2 of FY20 amid weakening momentum in industry
Business

ICRA forecasts lower GDP growth at 4.7% in Q2 of FY20 amid weakening momentum in industry

The GDP and GVA were 5% and 4.9% respectively in Q1 and agriculture and services may maintain the growth rate recorded in the first quarter, an ICRA statement said.

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.

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.

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

Economists' warning signal: To regain India's data credibility, govt should withdraw faulty GDP back series, release NSSO job numbers
Business

Economists' warning signal: To regain India's data credibility, govt should withdraw faulty GDP back series, release NSSO job numbers

The Mundle series showed that the GDP growth had actually touched the double-digit mark, India has been desperately hoping for, in 2006-07.

GDP growth rate is disappointing; RBI can lower rates further, but it is unlikely to push investment
Business

GDP growth rate is disappointing; RBI can lower rates further, but it is unlikely to push investment

When the growth numbers for 2016-17 and 2017-18 were scaled up under difficult times like demonetisation and GST, it was hard to reconcile the numbers with the underlying conditions in the market.

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

Agriculture, manufacturing to push GDP growth to 7.2% in 2018-19; per capita net national income rises 11%: CSO
Business

Agriculture, manufacturing to push GDP growth to 7.2% in 2018-19; per capita net national income rises 11%: CSO

In terms of GDP, the rates of GFCE at current and constant (2011-12) prices during 2018-19 are estimated at 11.5 percent and 11.0 percent, respectively.

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

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

GDP back series data row: Arun Jaitley responds to P Chidambaram's Twitter attack, says CSO is a 'credible organisation'
Politics

GDP back series data row: Arun Jaitley responds to P Chidambaram's Twitter attack, says CSO is a 'credible organisation'

Arun Jaitley alleged that the Congress chose to criticise the yardstick by which the GDP back data series was calculated, only after the growth was lowered.