While India ranks among the top three in the emerging market basket in terms of GDP, it barely makes it into the top 15 in terms of index weight.
According to the Japanese financial services major, the MPC minutes suggest low inflation and growth concerns led to policy easing earlier this month, and going ahead the RBI is expected to stay on hold.
"The GST rate of 28 per cent is high for the leasing industry when compared to the earlier five to 15 per cent tax burden. Higher GST rates lead to requirement of higher working capital at any point of time. This results in increasing the cost of leasing an equipment," Finance Industry Development Council director general Mahesh Thakkar told PTI.
It also termed as 'faulty' the argument that a 7.5-8 per cent real GDP growth in the next few years will still be lower than what was achieved in the boom period of 2006-2008.
The growth in Japan's GDP -- 4.0 per cent at an annualised rate -- blew past market expectations for a 0.6 per cent rise, and was well up from a 0.4 per cent expansion in the first quarter, according to figures from the Cabinet Office.
Defence, which accounts for about 30 per cent of the government's capital outlay, will see the spending rise from Rs 91,580 crore in the current fiscal to Rs 1,01,137 crore in the next one and Rs 1,11,706 crore in 2019-20.
At the same time Godrej acknowledged that there are certain teething problems under the new tax regime.
Core orders suffered a second straight quarter of declines in April-June, the first instance of consecutive quarterly falls since 2012. This casts doubt on policymakers' optimism that brightening business sentiment will drive up capital expenditure ahead.
The central government's fiscal deficit has already reached 81 per cent of the full-year target in the first quarter (April to June) of 2017-18. "Accordingly, the cumulative fiscal deficit reached 2.6 per cent of GDP FYTD.
But in the past year, this forecasting has been rendered well nigh impossible with the sovereign suddenly extinguishing 85% of the currency. And then, as one disruption settles down another begins: the country has begun implementing a most ambitious single national indirect tax structure replacing and collapsing tax rates of 30 different states.
According to Japanese financial services major Nomura, the pick-up in growth which was visible toward end-of March quarter had lost some momentum towards end of the June quarter due to destocking and uncertainty ahead of the Goods and Services tax (GST).
More than 75 per cent respondents said exposure to large corporates in power, steel and infrastructure sectors poses as the greatest risk to banks' asset quality in India.
China registered steady growth during the first half of the year with stronger-than-expected GDP and exports growth, but the positive momentum will be hard to maintain as the country looks to adopt stricter financial regulations aimed at controlling the country's debt-fuelled investments.
Standing next to sacks of "pigeon peas" in Latur, an agricultural hub about eight hours from Mumbai by train, Somwanshi cuts a narrow slit in one and scoops out a handful of the red-coloured lentils.
In its appraisal of the 12th Five Year Plan (2012-17), the Aayog said that when measured at factor cost, the real GDP growth under the old methodology turns out to be 4.5 per cent in 2012-13 and 4.7 per cent in 2013-14.
While oil imports and gold and silver imports growth dipped on a month-on-month basis, non-oil, non-gold imports continued to post strong double-digit growth during June.
"India, the sub-region's largest economy, is expected to achieve previous growth projections of 7.4 per cent in 2017 and 7.6 per cent in 2018, primarily from strong consumption," the supplement of Asian Development Bank (ADB) Outlook 2017 said.
Having been in the offing for close to two decades, the goods and services tax (GST), which the government touts as the biggest domestic tax reform since independence, was introduced on July 1 and has bolstered economists' outlook.
India's GDP could rise to about USD 8 trillion over the next 15 years if the country registers an economic growth of 8 per cent annually.
According to the Japanese financial services major, import demand is expected to resume once GST disruptions settle down after July.
The Union Minister of State for Culture and Tourism was giving his reply to a written query from BJP MP from Andhra Pradesh Hari Babu Khambhapati on whether the tourism sector's contribution to the gross domestic product (GDP) of the country had increased over the last five years.
Most analysts’ tracking D-Street remain cautious on markets especially after 20 percent rally so far in the year 2017.
Speaking at the silver jubilee function of Symbiosis Institute of International Business (SIIB), Prabhu said a lot of people give advice on railways.
According to a report by BMI Research, India's growth is expected to pick up following the negative ramifications from the demonetisation drive in November 2016, but weak public banks will likely cap the recovery.
"If there's a country in the world which is really going to affect everyone else and which is vulnerable, it's got to be China today," Kenneth Rogoff, economics professor at Harvard University, told CNBC's "Squawk Box" on Thursday.