Credit rating agency Fitch has lowered India’s growth forecast to 6.6 per cent for the current fiscal from 6.8 per cent projected earlier, as manufacturing and agriculture sectors showed signs of slowing down over the past year. In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next […]
Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020, the World Bank said, adding that growth in emerging market and developing economies is expected to stabilize next year as some countries move past periods of financial strain, but economic momentum remains weak. Emerging and […]
India’s economic growth rate slipped to 5.8 per cent during the fourth quarter of 2018-19, according to official data released this week. China’s economy had grown by over 6 per cent in the fourth quarter. A mere couple of days ago, in an economic outlook survey conducted by FICCI, it was estimated that India’s GDP is […]
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 […]
