India Ratings and Research (Ind-Ra) has revised India’s gross domestic product (GDP) growth estimate for fiscal 2019-20 to 7.3 per cent from 7.5 per cent earlier. The predicted lower-than-normal monsoon, the continued agrarian distress and the loss of momentum in the industrial output growth are being cited as the key reasons for the downward revision. […]
The performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other economies, advanced or developing. There are, however, concerns on the sustainability of these indices in […]
Air pollution from intense crop residue burning (CRB) leads to an estimated economic loss of over USD 35 billion annually, claims a study by the International Food Policy Research Institute (IFPRI). Additionally, CRB is also a leading risk factor for acute respiratory infection (ARI), especially among children less than five years, particularly in the northern parts […]
India’s Gross Domestic Product (GDP) grew a lower-than-expected 6.6 per cent in the October-December period, the lowest in five quarters, dragged by lower farm and manufacturing growth, government data showed. India’s GDP growth was revised down to 7 per cent from 7.1 per cent in the second quarter ended September 30, 2018, according to data released […]
India’s gross domestic product (GDP) is likely to grow at 6.6-6.7 per cent in the third quarter and 7.2 per cent for the full financial year, the State Bank of India (SBI) said in its research report. The weak infrastructure activity, based on the previous Index of Industrial Production (IIP), is one of the key […]
Fitch Ratings has lowered India’s GDP growth forecast to 7.2 per cent for current fiscal citing higher financing cost and reduced credit availability. In its Global Economic Outlook, Fitch projected that for 2019-20 and 2020-21 financial years, India’s GDP growth will be 7 per cent and 7.1 per cent respectively. Fitch had in June projected […]
Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices, and a consolidation of India’s growth rebound, but escalating trade tensions will test the region’s resilience, a new Asian Development Bank (ADB) report said. In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2018, ADB maintained […]
India’s economic growth is expected to moderate in the second half of this financial year after a strong first quarter, owing to tighter financial conditions, high oil prices and slowing global growth, UBS said in a report. UBS, the Switzerland-based global financial services major, expects real GDP growth to slow to 7-7.3 per cent in […]
Economic policy think-tank NCAER has retained India’s growth forecast for the current fiscal at 7.4 per cent citing comfortable agricultural sector outlook and a marked improvement in the external sector. According to the National Council of Applied Economic Research report, in 2018–19 the real agriculture Gross Value Added (GVA) is envisaged to grow at 4.6 […]
Despite short-term challenges, India’s economic growth story remains intact and the country’s GDP is expected to grow around 7.5 per cent in the current financial year, industry body FICCI said. According to the body, the slowing down of industrial output growth in May and higher retail inflation in June are “short-term challenges which are being […]
