The year 2015-16 saw a 17 per cent increase in the total internet traffic in India that led to an increase of Rs 7 lakh crore in Gross Domestic Product
In addition to that, the IMF also cut its forecast for 2018 US GDP growth to 2.1 per cent from 2.5 per cent.
"Right at the time demonetisation was announced by the central government, I had voiced my concern that the country would have to face severe loss of jobs and drastic decline in productivity due to demonetisation," she said.
Finance Minister Arun Jaitley on Thursday said that reforms introduced in the last three years have helped restoring the credibility of the Indian economy
“Falling GDP.Rising unemployment. Every other issue is manufactured to distract us from this fundamental failure,” he tweeted.
With this, India has lost its status of the world’s fastest growing economy, superseded by China whose GDP grew 6.9 per cent during the same quarter
India's economy expanded by 7 per cent in the third quarter of this financial year.
IMF has projected India's growth to slow to 6.6 per cent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of temporary disruptions caused by demonetisation.
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.
Describing South Asia as a global growth hotspot, the World Bank has said India's GDP growth will remain strong at 7.6 percent in 2016 and 7.7 percent in 2017.
In what could come as adverse news for the Narendra Modi-led government, the Indian economy lost some momentum in the first quarter of 2015-16 with the gross domestic product or GDP expanding 7.1 per cent
Important stories of the day
India’s Gross Domestic Product (GDP) grew by 7.9 per cent in the quarter ending March 2016, up from the 7.2 per cent clocked during the quarter ending December 2015.
New Delhi: India doubled its share in world GDP from 1.43 percent in 2000 to 2.86 percent in 2015, industry body PHD Chamber said on Saturday. "India's GDP stood at $477 billion in 2000
RBI to cut rates by 25 bps on Apr 5, 50 bps in FY17: BofA-ML
Washington: The International Monetary Fund (IMF) on Tuesday trimmed its growth forecast by projecting India to grow at 7.3 per cent for the current fiscal, lower than the government's estimate of 7.6 per cent growth
New Delhi: Hailed as "the bright spot" in a gloomier global economy, India outpaced China as the world's fastest growing economy in 2015 and is expected to clock 7-7.5 per cent growth in the New
New Delhi: Noted economist and NITI Aayog member Bibek Debroy believes that it's not realistic to look at narrow ‘manufacturing' sector for creating large number of jobs for youths of the country.In an exclusive interview
New Delhi: The Indian economy is likely to witness a "slow but sustainable" recovery and is expected to clock a GDP growth of 7.5 per cent this fiscal, a Morgan Stanley report says.According to the
New Delhi: Expecting an upward revision of the first quarter GDP numbers, NITI Aayog Vice Chairman Arvind Panagariya today said the Indian economy can still manage an 8 per cent growth rate this fiscal. "I have
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