Tag: economic growth
9 Results
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Core sector growth slows down to 3.4% in Jan
The growth of eight core sectors slowed down to a five-month low of 3.4 per cent in January mainly due to contraction in output of refinery products, fertiliser and cement. The growth rate of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity was 5.7 per cent in …
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February 28, 2017 -
Despite fall, GDP will bounce back sharply: RBI Governor
Reserve Bank Governor Urjit Patel on Friday said India's economic growth will make a "sharp V" recovery following the recall of old 500 and 1,000 rupee notes. Patel also made a strong case for continuing with globalisation even in the face of a potential shift to trade protectionism under US President Donald Trump as India …
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February 17, 2017 -
Despite fall, GDP will bounce back sharply: RBI Governor
Reserve Bank Governor Urjit Patel on Friday said India's economic growth will make a "sharp V" recovery following the recall of old 500 and 1,000 rupee notes. Patel also made a strong case for continuing with globalisation even in the face of a potential shift to trade protectionism under US President Donald Trump as India …
Continue reading "Despite fall, GDP will bounce back sharply: RBI Governor"
February 17, 2017 -
Jharkhand can grow 4-5% above national average: Jaitley
Free from 'stigma of corruption' and political instability, BJP-led Jharkhand can now exceed the national economic growth average by 4-5 per cent, said Finance Minister Arun Jaitley on Thursday. "Jharkhand has a potential today with its natural resources, and potential for investment to grow at least 4-5 per cent ahead of the national average. Today, …
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February 16, 2017 -
Economy will grow more than 7% next fiscal, says Shaktikanta Das
Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das on Saturday expressed confidence that the economy will grow upwards of 7 per cent next fiscal. "For this year's GDP growth, we have to wait till March-end. But next year, it will be upwards of 7 per cent," he said. Drawing on Finance Minister Arun …
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February 4, 2017 -
‘Indian economy likely to grow 7.1% in 2017-18’
India is expected to clock a GDP growth of 7.1 per cent in 2017-18 as the country gets sufficiently remonetised and the schemes in the Budget play a supportive role, says an HSBC report. The uptick in the growth numbers would be largely driven by the remonetisation process which is expected by April end as …
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February 2, 2017 -
‘High tax revenues reflect mop-up from income disclosure scheme’
Stating that the official estimate of a 7.8 per cent economic growth in the last quarter of this fiscal was unrealistic, an analysis by a State Bank of India (SBI) think tank says the spurt in tax revenues also reflect collections from income disclosure scheme. Commenting on the advance GDP estimates of Central Statistics Office …
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January 16, 2017 -
‘7.1% GDP estimate erroneous’
The advance estimate of 7.1 per cent GDP released by Central Statistical Organisation (CSO), will have major errors as it does not include the data for the months after demonetisation, domestic rating agency Icra has said. The agency on Friday pegged the expected growth for 2016-17 lower at 6.8 per cent. "Given the impact of …
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January 7, 2017 -
Govt estimates 7.1% economic growth in 2016-17
The country’s economy is likely to grow at 7.1 per cent this fiscal, according to an official release. The country’s GDP growth during 2016-17 is estimated at 7.1 per cent as compared to 7.6 per cent in 2015-16, the First Advance Estimates of National Income stated in the release. Chief statistician TCA Anant said that …
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January 6, 2017