Jan 09, 2020 08:13 AM IST
The growth rate for Bangladesh has been projected to remain above seven per cent through the forecast horizon and, in Pakistan, it is projected to languish at three per cent or less through 2020 as macroeconomic stabilisation efforts weigh on economic activity, the bank said in its latest edition of the Global Economic Prospects.
- Jan 08, 2020 10:10 PM IST
The slowdown has already resulted in a slew of counter-cyclical measures being adopted by the government, and also cumulative rate cuts of 1.35 per cent by RBI till the inflation started surging.
- Jan 08, 2020 01:25 PM IST
The government should invoke the escape clause under the Fiscal Responsibility and Budget Management Act but stay within the prescribed 0.5% wiggle room allowed in an extraordinary year under the guidelines, said the official, who spoke on condition on anonymity.
- Jan 08, 2020 12:04 PM IST
Geopolitical tensions, and not GDP numbers, are the bigger worry at the moment, say some experts.
- Jan 08, 2020 11:25 AM IST
Slowing growth means more companies coming under stress. That is bad news for banks that are still fighting the ghost of bad loans that have originated in the past. Banks may see fresh bad loans emerging from small and medium-sized companies (the large ones are already accounted for through NCLT courts).
- Jan 08, 2020 07:40 AM IST
Trends on SGX Nifty indicate a gap-down opening for the broader index in India, with 179 points loss or 1.47 percent. The Nifty futures were trading around 11,942-level on the Singaporean Exchange.
- Jan 07, 2020 05:43 PM IST
The CSO projected that the manufacturing sector will grow at 2.0 percent in 2019-20 against 6.9 percent in 2018-19, while mining and quarrying will grow at 1.5 percent against 1.3 percent last year.
- Jan 06, 2020 09:07 AM IST
The general slowdown has impacted consumption and investment but it is a matter of time before it recovers
- Jan 01, 2020 12:08 PM IST
Hanke, who currently teaches applied economics at Johns Hopkins University (USA), pointed out that India experienced an unsustainable credit boom, and now the chickens are coming to roost with a massive pile of non-performing loans piled up, primarily at the state-owned banks.
- Dec 31, 2019 11:37 AM IST
In 2019, the FMCG industry witnessed slowdown in the rural sales, which was traditionally ahead of urban sales, and in the last two quarters it was half of the urban sales growth due to factors as liquidity crunch in those far flung markets and drop in gross domestic product (GDP) which had weakened household spending.
- Dec 30, 2019 01:29 PM IST
The Centre envisions a contribution of USD 2 trillion from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024.
- Dec 24, 2019 02:35 PM IST
All policy options exhausted, it’s time to wait for the stimulus in the economy to play out
- Dec 24, 2019 09:01 AM IST
The need of the hour is lesser short-term regulation and greater focus on long-term goals
- Dec 20, 2019 12:41 PM IST
Gopinath said India's GDP growth was expected to pick up in the last two quarters of FY20 but some high-frequency indicators show that a recovery is unlikely. "That is what is leading us to revaluate our assessment that was put out in October,” she added.
- Dec 20, 2019 12:33 PM IST
After slashing rates five times this year, the Reserve Bank of India (RBI) stunned markets earlier this month by resisting a sixth reduction as many had predicted.
- Dec 16, 2019 11:29 AM IST
The fall in merchandise imports reflects the weakness in domestic demand
- Dec 13, 2019 01:15 PM IST
"India's economic growth has decelerated since mid-2018, with real GDP growth slipping from nearly 8 percent to 5 percent in the second quarter (April-June) of 2019," it noted.
- Dec 13, 2019 11:16 AM IST
The financial services major said that this year's narrative on the Indian economy was dominated by a sharp deceleration in economic activity and persistent financial sector stress.
- Dec 12, 2019 08:47 AM IST
Mukherjee, who also served as the finance minister in the UPA government, further said there is nothing wrong in public sector banks needing capital infusion.
- Dec 11, 2019 11:17 AM IST
The NSO currently receives data on 4,000 companies from market regulator SEBI for the MCA21 database.
- Dec 06, 2019 03:57 PM IST
The finance sector is likely to outperform due to NPA resolution and reduction in the interest cost. Cyclical like metals and industrial will do better due to improvement in global and the domestic economy, says Vinod Nair of Geojit Financial Services.
- Dec 06, 2019 09:41 AM IST
But, neither the RBI nor the government seem to believe the situation is similar to a Lehman crisis.
- Dec 05, 2019 02:22 PM IST
As per a Google-KPMG 2017 report, 68% of SMEs in India are offline and operate with traditional methods and legacy tools, Only 2% are digitally engaged.
- Dec 05, 2019 01:31 PM IST
OECD expects India's GDP to grow 5.8 percent in FY20
- Dec 05, 2019 11:36 AM IST
Beginning his three-day visit to his Lok Sabha constituency Wayanad in north Kerala, Gandhi said Prime Minister Modi is in trouble as the "imaginary world," which he has created is falling apart.