Tag: GDP growth

CM Mamata Banerjee slams centre over economy

Mamata Banerjee ‘congratulates’ West Bengal for ranking first in GDP growth rate in India.

August 12, 2019

India’s GDP growth projection lowered to 7% in 2018-19

"The growth in GDP during 2018-19 is estimated at 7 per cent as compared to the growth rate of 7.2 per cent in 2017-18," said the official data released here on Thursday.

February 28, 2019

India’s GDP expected to grow at 7.3% in 2018-19

India's GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment.

January 9, 2019

Increase productivity with better efficiency

With huge manpower available, India needs to create trained workforce of skilled individuals.

December 21, 2018

India needs to have a good oil hedging policy: Raghuram Rajan

Rajan said the issue has been discussed in the past and it began with a strategic petroleum reserve, but beyond that there is a need to think about hedging oil prices especially when it comes to levels such as now.

December 12, 2018

India fares better, but…

Oddly enough, India's improved ranking coincides with an extraordinary discord within the premier investigative agency called the Central Bureau of Investigation and between the Centre and the Reserve Bank of India. Fringe elements in the political spectrum have disrupted business activity in Gujarat, Maharashtra and elsewhere, upsetting free movement of labour.

December 8, 2018

RBI monetary policy committee leaves repo rate unchanged at 6.5%, GDP growth projection at 7.4%

The MPC noted that crude oil prices have declined sharply, reflecting higher supplies and easing of geopolitical tensions.

December 5, 2018

RBI retains GDP growth forecast at 7.4 per cent for FY’19

In the third bi-monthly monetary policy statement for 2018-19, RBI said various indicators suggest that economic activity has continued to be strong.

August 1, 2018

Revamping an economy

Amartya Sen has recently observed that despite the fact that India boasts the fastest-growing economy in the world, the country has taken a “quantum jump in the wrong direction” since 2014 ~ the year the BJP-led NDA government assumed power. And because of this movement in reverse, India’s economy is now the second worst in …

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July 21, 2018

GDP growth to strengthen to 7.4% in FY19: RBI

The Reserve Bank expects India’s economic growth rate to strengthen to 7.4 per cent in the current fiscal, from 6.6 per cent in 2017-18, on account of revival in investment activity. The growth will accelerate from 7.3-7.4 per cent in first half of 2018-19 to 7.3-7.6 per cent in the second of half of the …

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April 5, 2018

World Bank projects India’s FY19 GDP growth at 7.3 per cent

The World Bank on Wednesday projected India’s GDP growth at 7.3 per cent for the next financial year and accelerate further to 7.5 per cent in 2019-20. The World Bank’s biannual publication, India Development Update: India’s Growth Story, expects the economy to clock a growth rate of 6.7 per cent in the current fiscal ending …

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March 14, 2018

Stock markets still over-priced, implies NSE Chief

The valuations in the stock markets are still too high and fundamentals need to catch up with them, according to a top official of the National Stock Exchange (NSE). “Fundamentals need to certainly catch up with the valuations. So my hope is that corporate earnings and GDP growth over the next few quarters will improve …

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March 6, 2018

India’s Q3 GDP grows at 7.2 per cent

India’s GDP for the third quarter of 2017-18 grew at 7.2 per cent, official data showed here on Wednesday. The GDP growth during the second quarter of the fiscal was at 6.5 per cent. “The Real GDP at constant (2011-12) prices in the year 2017-18 is likely to attain a level of Rs 130.04 lakh …

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February 28, 2018

Global cues, hopes of healthy GDP growth lift equity indices

Positive global cues, coupled with a forecast of a healthy GDP growth, lifted the key Indian equity indices on Monday. According to market observers, positive cues from the Asian and European markets along with buying support for interest rate-sensitive stocks like automobiles, banks and capital goods led to the rise. The barometer 30-scrip Sensitive Index …

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February 26, 2018

Next MPC should look at interest rate cut

Economic analysts were waiting for the decision of Monetary Policy Committee (MPC), which held its meeting on 6 and 7 February 2018. Its decisions were made public at 2.30 pm on 7 February. MPC decided to maintain status quo on the repo rate and reverse repo rate at 6 per cent and 5.75 per cent …

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February 26, 2018

Union Budget 2018-19: Arun Jaitley meets President Kovind

Finance Minister Arun Jaitley left for Rashtrapati Bhavan from North Block on Thursday morning to call on President Ram Nath Kovind before presenting the Union Budget 2018-19. Jaitley will be heading for a Cabinet meeting scheduled for 10.15 am after meeting Prime Minister Narendra Modi. Later today, at 11 am, the Finance Minister will table …

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February 1, 2018

PM Modi’s ‘economic mismanagement’ decelerated growth: Congress

The Congress on Wednesday slammed Prime Minister Narendra Modi for the slowdown in GDP and said the government’s “gross economic mismanagement” decelerated India’s growth story. “(The) government’s gross economic mismanagement, which has decelerated the India story, speaks volumes. GDP growth slows to four year low,” Congress spokesperson Randeep Surjewala tweeted. The Congress leader sarcastically said …

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January 10, 2018