Keyword : GDP

Economic growth set to cross 7%

Economy grew at 7.5% during December 2014 quarter. The economy will grow 7.4% in the year through March 31, aided by a 7.5% increase in October-December, the ministry of statistics and programme im

Ahead of union budget: Prepare to be rescued

In which country does December mark the middle of the year? That is when the mid-term report of our finance ministry was published. The economic survey, which is presented to parliament the day bef

What women want from the budget

Arvind Subramanian, the new chief economic adviser, has started a series of North Block Policy Charchas that focus on important policy issues of economic and social development, such as land acquis

Arun Jaitley’s juggling act may turn into bad politics

At first glance, the budget seems an annual ritual that strictly follows the colonial legacy in letter and spirit. Rarely does any finance minister deviate from the atmospherics and settings that m

Core sector output down, may hit GDP and tax collection

India enters new financial year with a bit of bad news on economic front. Latest figures show that the core-sector output grew at 1.4%, the slowest pace in 16 months, in February and that the direc

Look beyond GDP

It is one of the most unforgivable incidents, yet it is one in many. This week a child fell to her death in a sump at school because she had to go to fetch water. The government primary school that

ADB cuts India’s growth story to 7.4%

In an update to ‘Asian Development Outlook’ report, the Asian Development Bank has lowered India’s gross domestic product (GDP) growth to 7.4% in 2015 from an earlier estimate of

RBI cuts repo rate by 50 basis points to boost economy

The Reserve Bank of India has cut the repurchase, or repo rate by 50 basis points to 6.75%, the lowest the key interest rate has been in four years. In a big boost for the markets and economy, RBI

Morning briefing: India`s GDP growth accelerates to 7.4% in Q2

Higher manufacturing output pushed India`s GDP growth to 7.4 per cent in the September quarter as compared to 7 per cent between April and June 2015. Analysts said GDP growth in Q2 was in line with

Morning briefing: India`s GDP growth accelerates to 7.4% in Q2

Higher manufacturing output pushed India`s GDP growth to 7.4 per cent in the September quarter as compared to 7 per cent between April and June 2015. Analysts said GDP growth in Q2 was in line with

RBI policy rates unchanged, banks told to cut rates

  While nudging the banks once again to hurry up with the full transmission of its cut in repo rate (since January) to borrowers, the reserve bank of India did not change policy rates

Industrial production index near double figure

Bouncing back from the four-month lows, the index of industrial production (IIP) for October stood at 9.78 percent versus September’s figure of 3.6 percent (month-on-month).  This raises

What ails investment

The growth rate of GDP in the country was 7% during the second quarter of 2015, lower than the 7.5% growth recorded in the preceding quarter. It was also lower than government estimation of 7.4% in

Borrow, but carefully

Many people may not know that there is a National Debt Clock of India, which gives second-by-second details of the overall position of India’s debt. At 11 am on August 19, when I star

Technological readiness is India’s biggest weakness: WEF report

Ten years of competitiveness in India’s GDP per capita in PPP (Purchasing Power Parity) terms almost doubled between 2007 and 2016, from $3,587 to $6,599. Growth slowed after the 2008 crisis,

CRISIL expects real GDP to grow 7.9 percent this fiscal

The distribution of monsoon this season has been the best in the last three years, with only a third of the districts seeing deficiency compared with almost half in fiscal 2015 and 46 percent in 20

India’s GDP to be 7.6 percent in 2016: World Bank

In India, GDP growth will remain strong at 7.6 percent in 2016 and 7.7 percent in 2017, supported by expectations of a rebound in agriculture, civil service pay reforms supporting consumption, incr

“India will lose $2.5 tn unless NCDs are addressed”

For the first time, non-communicable diseases (NCDs) have been included by the government in the draft national health policy, 2015. However, efforts to battle this threat remains largely shape

All you need to know about BRICS

India is hosting the 8th BRICS Summit where world leaders will hold consultations on issues of mutual interest. It is being held on October 15-16 in Goa. BRICS is an acronym for Brazil, Russia, Ind

India procures 20% of GDP publicly: World Bank

South Asia has the highest share of public procurement in GDP, at 19.3%; followed by sub-Saharan Africa at 14.9%. “India procures 20% of GDP publicly, Pakistan 19.8%. East Asia has the lowest

Despite privatisation, fantastic growth in PSU sector: Vinit Goenka

We need to build a strong country through a strong PSU community, said Vinit Goenka, member IT taskforce, ministry of shipping, road transport and highways in his opening address at the Governance

“Norwegian companies in India are optimistic about their future”

The Norwegian embassy in Delhi, the Royal  Norwegian Consulate General in Mumbai, and the Norwegian Business Association India, released a business climate survey report in Delhi in December.

Looking for a good job

East Asia went through an economic miracle between 1960 and 1990, with income per capita nearly tripling. The four Asian Tigers – Hong Kong, Singapore, Taiwan and South Korea – achieved

By 2020, median age in India will be 28.1 years

In the next three years, the median age in India is projected to be 28.1 years, as compared to China (38.1 years), Japan (48.2 years) and USA (37.3 years), said a report of the standing committee o

Slowdown in GDP growth, estimated at 7.1 percent

The growth in GDP during 2016-17 is estimated at 7.1 percent as compared to the growth rate of 7.6 percent in 2015-16, according to First Advance estimates of national income at constant (2011-12)

India ranks below Bangladesh, Nepal in inclusive development index

India has fared worse than its neighbours: Nepal, Bangladesh, Pakistan and China, in an inclusive development index. World Economic Forum’s Inclusive Growth and Development Report 2

Debunking ersatz tax theories

Demonetisation has had some intended and many strange and unintended consequences. It appears that the zeal to reform the economy post-demonetisation has permeated to the general public, which has

Status check: President’s 2016 address to parliament

President Pranab Mukherjee addressed parliament on February 23, 2016. In his address, he outlined the major policy priorities of the government across different sectors. PRS legislative research ha

The distaff conundrum

Konika Haldar, 25, and her husband left Malda, in Bengal, five years ago. Today, she works as a domestic help in east Delhi and, as the breadwinner, cannot afford to quit. But she hopes her husband

“The challenge is to ensure that women stay longer in school”

As the participation of women in labour force declines in the country, Sher Singh Verick of ILO explains to Archana Mishra the reason behind this trend, the role education plays and the kind of

Grads with grades that go nowhere

India has been among the fastest growing economies in the world. World Bank estimated that in the 1960s, approximately 45 percent of Indians lived below the poverty line. This figure came down to a

Post-demonetisation slow down in GDP

 The growth in GDP during 2016-17 is estimated at 7.1 per cent as compared to the growth rate of 7.9 per cent in 2015-16, authorities said. The Central Statistics Office (CSO), Ministr

Inflation rises

The official Wholesale Price Index (WPI) for ‘All Commodities’ for February, 2017 rose by 0.5 percent to 185.5 (provisional) from 184.6 (provisional) for the previous month, authoriti

Arrears of Service Tax have shot up: CAG

Arrears of Service Tax, which was Rs 22,014 crore in 2012-13, tripled to Rs 71,257 crore in 2014-15. However, recovery during the year as a percentage of unrestrained recoverable arrears registered

India formulates national transit-oriented development policy

As the cities are experiencing rapid growth, transit systems like metro rail, BRTS, etc. are being implemented to cater to the growing travel demand. It has thus become inevitable to have Transit O

India’s growth to rebound as cash shortage eases: IMF

India’s growth is expected to rebound to 7.2 percent in FY 2017-18 as the cash shortages accompanying the currency exchange initiative ease, said an International Monetary Fund report that wa

Populism: Its past and future

The rise of populism – the revolt of common people against the elite or the ‘system’ – has been one of the broad themes of the past decade. Till 2000, populism was confined

Why economy is not going to be BJP’s poll plank in 2019

A gasping economy means bad politics for the Bharatiya Janata Party that is hoping to recreate the 2014 magic when it won the parliamentary election with a brute majority. Demonetisation

Job are drying up with slowdown in economy

Job prospects appear bleak with the recent release of the provisional estimates of annual national income in 2016-17. The lacklustre performance of the Indian economy observed during the fourth qua

Strongest world growth expected since 2010: Fitch

 At a time when the government is claiming that the dip in the GDP is due to global economic slowdown and not because of demonetisation, the recovery in the global growth is in fact strengthen

India’s App Economy

A 10 percent increase in India’s internet traffic leads to, on average, a 3.3 percent increase in India’s GDP, and a 10 percent increase in India’s mobile internet traffic leads t

Thus spoke Modi on economy

Prime minister Narendra Modi strongly defended the fundamentals of the Indian economy, gave a befitting reply to

Melodramatic theatrics: Congress on Modi speech

The Congress described as “melodramatic theatrics” the speech by prime minister Nare

Digital India to provide 20-30% increase in India’s GDP by 2025: Alphons

Digital India program has the potential to provide an incremental 20-30 percent increase in India’s GDP by 2025. Since its launch in July 2015, significant progress has been made in several i

Highlights of India’s growth story

Here are the key points regarding India’s macro-economic fundamentals.   India grew at a very strong pace of 7.5% p.a. in the three years of 2014-17 with growth

A year since note ban: When GDP estimates were puzzling

The November 8, 2016 announcement to scrap Rs 500 and Rs 1,000 currency notes did have a huge impact on the GDP, but it also left economists scratching their heads as they looked at numbers which w

A year since note ban: Manmohan’s words were prophetic

Former prime minister Manmohan Singh, a respected economist, had described demonetisation as a monumental management failure and prophesied that the rate of growth of national income, that is, the

A year since note ban: Digital payments zoom up

People using their debit or credit card to make payments at shops has become a common sight after demonetisation took place on November 8, 2016. At some places like the army CSD cant

Indian corporates to see improved credit profiles in 2018: Moody`s

Indian corporates will see improved credit profiles in 2018 on solid economic and EBITDA growth, while their cross-border bond maturities for the next three years are manageable, says Moody`s Inves

Fundamental shift under way in payment habits: RBI document

A fundamental shift is under way in payment habits of the Indian economy, said a RBI document that looked at the impact of demonetisation. RBI’s interventions on promoting elec

Economy may reach 7% growth in 2018: ASSOCHAM outlook

After ”disruptions" like lingering demonetisation effect and GST roll-out, the Indian economy may reach a 7 percent growth in 2018 with government policies tilting towards the stress-rid

India is estimated to grow 6.7 percent: World Bank

The growth in South Asia slowed to a still strong 6.5 percent in 2017, in part reflecting businesses’ adjustment in India to the country’s new Goods and Services Tax and to the adverse

Real GDP growth to reach 6.75 percent this fiscal

A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19, said the Economic Survey 2017-18

India loses 4% of GDP to malnutrition, say experts ahead of budget

Nearly 4 percent of India’s GDP is estimated to have been lost due to malnutrition and certainly women and children deserve a better deal in expenditure outlay, since the country hosts 50 per

India may be able to reduce fiscal deficit by 2019-20: Official

India might actually be able to reduce its fiscal deficit to 3 percent by 2019-2020, said a top official. “Fiscal Deficit at 3.3% for 2018-19, backed with statutory commitment

National Health Mission needs a leg up

The National Health Mission, which is aimed at achieving universal access to health care by strengthening health systems, institutions and capabilities, needs to be significantly improved to become

Q3 GDP comes in at 7.2 percent

The Q3 2017-18(Oct-Dec) GDP stood at 7.2 percent, up from Q2 2017-18(July-Sep) which was 6.5 percent, authorities said on Wednesday.   Real GDP or Gross Domestic Product

What ails the latest Economic Survey?

The preface of the current Economic Survey concludes with the words of TS Eliot: “For last year’s words belong to last year’s language. And next year’s words await another v

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