Prime Minister Narendra Modi will on Tuesday interact with Finance Minister Arun Jaitley and other top officials to take stock of the economic situation.
"When 86 pc of currency is withdrawn from circulation, plus GST, which was put in practice in haste.. lot of glitches are now coming up, it was bound to affect GDP growth adversely."
Current account deficit (CAD) increased to $14.3 billion, or 2.4 % of GDP in Q1 of the current fiscal from $0.4 billion a year ago.
Indian economy is going through period of dense fog, with uncertainty of macro-economic variables by itself is likely to impede investment intentions & act as a drag on growth, causing downgrades to GDP and earnings estimates for next financial year.
India's GDP growth was expected to decline in the first quarter of the current fiscal but the "free fall" in the numbers shows that the problem is more structural than transient
BJP President Amit Shah said the dip in GDP growth to 5.7 per cent is "temporary" and not linked to demonetisation
These eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had witnessed a 3.1 per cent growth in July last year.
The GDP growth of Indian economy in the first quarter of 2017-18 fiscal has slowed down to 5.7 per cent as against 6.1 per cent in the previous quarter
Share markets opened on a flat note while bonds gained slightly despite the weaker-than-expected economic growth data released by the government, with investors still betting that conditions in the Indian economy will improve.
India’s GDP growth for 2016-17 will get a 50 basis points push to 7.6 per cent following the recent revision in the base year for the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP), former Chief Statistician Pronab Sen said
Federation of Indian Chambers of Commerce and Industry (FICCI) has predicted that India's gross domestic product (GDP) growth will be around 7.4 per cent for the financial year 2017-18.
Apple was a country, it would have been the world’s 17th largest economy
Post-demonetisation, the RBI on Friday warned of a possible spike in inflation and stressed the need to make digital payments "safe and secure", even as it felt that the adverse and transient impact on the
Modi said the GDP figures of the last quarter have proved that the country is on the path of fast-paced development.
The RBI has said that the demonetisation impact on the GDP may be seen in the current quarter in some segments.
The latest government data on GDP showing that demonetisation drive barely impacted India's economy has taken economists by surprise who look at the data sceptically. The government had yesterday pegged GDP growth at a higher-than-expected
Finance Minister Arun Jaitley today said a 7 per cent expansion in third quarter belies exaggerated claims of note ban impact on rural economy.
Reserve Bank of India (RBI) Governor Urjit Patel today said that despite the short-tem fall in India’s economic growth owing to ‘demonetisation’, the GDP will bounce back sharply.
Revising GDP growth for 2015-16 after factoring in latest data on agriculture and industrial production, the government has now estimated it to be 7.9 per cent a notch above the 7.6 per cent estimated earlier.
Hitting a new low, China's economy grew 6.7 per cent year-on-year in 2016, the slowest pace of growth in 26 years, official data showed today. However, it was still well within the government's target range.
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