Moody’s attributed the deceleration to an investment-led economic slowdown that has broadened into consumption, driven by financial stress among rural households and weak job creation. read more

In its August 2019 meeting, the Monetary Policy Committee projected GDP growth for the current fiscal year at 6.9%. This has been brought down to 6.1% in yesterday’s meeting. read more

The 25 basis point reduction in policy rates is in keeping with a forecast by Reuters poll of economists. read more

India’s GDP growth slowed to 5% in the first quarter of the fiscal year. There are reports of a dip in consumption across sectors. The government has taken corrective measures in recent weeks, including the radical step of slashing corporate taxes. read more

Addressing the 50,000 strong Indian-American community at the NRG Stadium here with US President Donald Trump in the audience, Modi said: “Data is the new gold... The focus of Industry 4.0 is totally on data.” read more

Bibek Debroy said there have been instances in the past when GDP growth fell below 5 per cent during a quarter, but recovered to 7 per cent in the very next quarter. read more

Economic indicators do not lend themselves easily to such high-frequency analysis. Gross domestic product (GDP) data for the current fiscal year is available only for the first quarter, which ended in June. read more

The Indian economy is seeing a slowdown with the gross domestic product (GDP) growth dipping to 5% in the quarter ended June. read more

Chidambaram was sent to 14 days’ judicial custody in Tihar jail on September 5 by a Delhi court in the INX Media corruption case. read more

Factors like India’s large migratory workforce heading back home to be with family for the festive season and people maximising home visit via an extended weekend with Gandhi Jayanti, followed by the Durga Puja\/Navratri week and Dusshera promise lucrative... read more

Tax projections made in the budget are based on projected nominal GDP growth for the year. This year’s budget had a projected nominal GDP growth of 12%. An 8% growth rate can lead to a serious shortfall in taxes. read more

In Asia, a nominal GDP growth still looks like 5-6%, compared to 2%, or less, in other parts of the world. Gupta said the Asia growth story has legs based on its secular drivers and its own demand. read more

Power requirement growth in the nation’s most industrialized states decelerated in the April-July period, as demand from businesses cooled in line with the broader slowdown in Asia’s third-largest economy. read more

In India, which offers only year-on-year calculations of output, automobile sales have plunged the most in two decades and the chairman of Hindustan Unilever Ltd. warned that the consumer goods his company makes are “recession-resistant, but not rec... read more

Inflation was very high during the earlier slowdown compared to what it is now. This is the case even if one excludes food and fuel inflation, which plots GDP growth and core inflation (inflation excluding food and fuel). read more