Vaibhavi Khanwalkar gets in conversation with Moneycotrol's Deputy Executive Editor, Ravi Krishnan to find out the possible implications of the rate cut.
GVA growth in the current quarter in agriculture is projected to be negative. The data clearly point to rural distress.
Here are the three major challenges that lie ahead of the country's future.
If demonetisation had not occurred then GDP growth in the September-December 2016 quarter would have been 2 percentage points higher.
Despite bad loans weighing on their balance sheets, banks have not lost faith in power of enterprise. In absolute terms, industry has been the recipient of a third of all loans disbursed by banks as of July
Soaring oil prices and a sliding rupee could apply brakes on the economy. That said, don’t rule out a bump up in public spending in the coming months which can potentially sustain the momentum
The report says major indicators driving the GVA in Q1 FY19 are cement production, passenger traffic, sale of both commercial vehicle and passenger vehicles, non-food credit growth and aircraft movement.
Gross Value Added grew 6.5 percent in 2017-18, slower than the previous year’s 7.1 percent
The financial year FY18 started on a firm note as Nifty rose to a fresh record high of 9,220.65 in opening trade on Monday while the S&P BSE Sensex rose 167 points.
Finance Minister Arun Jaitley also said India would require USD 646 billion in next five years for modernising its infrastructure - from highways to urban infrastructure.
India's GDP growth is expected to pick up again to 7.6 percent next year thanks to improving consumption, timely rains, higher public sector spending, and better export growth, says a DBS report.
Rating agency Care today said it expects GDP growth to accelerate to 8 percent next financial year and flagged monsoon as the only area of concern that may scupper this.
The success that Narendra Modi and BJP have tasted in the recent state elections reveal people's support for the withdrawal of high denomination notes but the jury is still out on its efficacy.
With each passing day, the micro data from companies makes the macro GDP numbers look puzzling.
China recently announced five lakh job cuts and promised to relocate those employees. Every year China produces over seven million graduates who join the job market.
Pursuing both political and economic development at the same time is a big challenge for the country, Chief Economic Adviser to the India government Arvind Subramanian said today.
India's economy will continue its momentum despite demonetisation and achieve an eight per cent growth next year, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan has said.
The demonetisation demon has come to haunt banks as their meal ticket retail loans have taken a hit by slower growth during the three months starting November.
Kristalina Georgieva, Chief Executive Officer of the World Bank, said the reforms that India is targeting are profound.
The GDP growth for the quarter ended December 31, is expected to be in the range of 5.5 to 6.5 percent. Last year, the GDP grew by 7.2 percent in the same period.
Thanks to the note ban, the economy based on the gross value added (GVA) is set to slip to 6.2 percent in the December quarter from 6.9 percent a year ago, and GDP growth will decline to 6.5 percent from 7.2 percent, said domestic rating agency Icra today.
With a relatively benign inflation trend, the projection could push India‘s real or inflation adjusted economic growth to about 7-7.5 percent.
Budgeting for the year is going to be tricky this year due to the rollout of GST, Girish Vanvari, Head of Tax at KPMG India says. People usually don‘t expect a lot of tinkering with indirect tax rate in the Budget.
The GDP growth forecasts have been affected by demonetisation, which in turn has led to high expectations of a budget which will cut taxes, incentivize savings, raise more revenue, be anti-inflationary and push growth
IMF cutting its GDP growth expectations to 6.6 percent is not out of place, he says. The cut could have been bigger. He himself expects a GDP growth of 6.5 percent.