Onions continued to remain expensive with wholesale prices growing nearly 194 percent in January as compared with a contraction (-) 36.08 percent during the same period a year ago
Gross domestic product in the fourth quarter of last year rose 0.1 per cent from the previous three months, the Cabinet Office said.
The government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for current fiscal to 3.5 per cent of GDP, compared with original targets of 3 per cent and 3.2 per cent, respectively.
Finance Minister Arun Jaitley, in conversation with Network 18's Rahul Joshi, spoke about various schemes announced in the Budget 2018 including tax on long-term capital gains (LTCG).
The government is expecting growth to rise to 7-7.5 percent in the next fiscal.
The government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for the current fiscal to 3.5 per cent of GDP, against original targets of 3 per cent and 3.2 per cent, respectively.
The finance minister said that India can achieve double digit growth rates under two conditions -- if the revenue levels rise, pushing up spending capacity, and if there is a sustained global boom.
"Nominal GDP is expected to grow at 11.54 percent in FY19. A buoyant global trade environment and a stable (not appreciating) Rupee are key requirements. A good monsoon in 2018 will also help," says Deepak Jasani, Head – Retail Research at HDFC Securities.
The 2018-19 Union Budget unveiled yesterday contains a number of policy measures with the potential to support economic demand and social well being.
India will likely grow at 6.5 percent in 2017-18, slower than the previous year’s 7.1 percent expansion, according to central statistics office’s (CSO’s) first advance estimates
When it was introduced for the first time, its target was to bring down the fiscal deficit to 3 percent of the GDP by 2008
The peak of the previous boom despite the fact that the cost of capital is at similarly low levels. A price-earnings ratio of 25 implies equity costs of roughly 4 percent, said the Economic Survey document.
Finance minister Arun Jaitley will table the survey, often described as the government’s official report card, three days before the presentation of Budget 2018 on February 1
A list of important headlines from across news agencies that could help in your trade today.
The "New India" lecture series is inspired by Prime Minister Narendra Modi's vision of a new India by 2022. It is an initiative of Indian Consul General Sandeep Chakrabarty.
The report said that the country's GDP would touch Rs 195 lakh crore by that period.
The high level of stressed assets in the banking system however provide enormous opportunity for asset reconstruction companies (ARCs) which are important stakeholders in the NPA resolution process, said the Assocham-Crisil study.
Here to participate in the World Economic Forum's (WEF) annual meeting, to be addressed by Prime Minister Narendra Modi and other world leaders, the ICICI Bank chief said the full fiscal GDP growth for 2017-18 should also be in excess of 6.5 per cent.
According to the global financial services major, the fiscal deficit target for this financial year is likely to be revised upward to 3.4 per cent of GDP.
In the past year, China's economy has maintained a steady and favourable trend, with the overall situation better than expected, Li said at the Mekong-Lancang Cooperation Forum on Wednesday.
The government's official estimate for FY18 growth stands at 6.5 percent, much lower than what experts would call as the potential, and restricted by the GST implementation and effects of the note ban.
The National Bureau of Statistics revised the final 2016 GDP to 74.36 trillion yuan ($11.47 trillion), down 54.2 billion yuan from the preliminary number.
The projections are crucial as the finance ministry prepares Budget estimates for the next financial year (2018-19)
The proposed target, to be unveiled at the annual parliament meeting in March, was endorsed by top leaders at the closed-door Central Economic Work Conference in Dec. 18-20, according to four sources with knowledge of the meeting outcome.
Truck sales have recorded rapid growth; companies are showing signs of increased investment and hiring appears to have picked pace.