Apart from the Communist countries, India’s government spending is higher than East Asian countries, as a percentage of GDP
India's GDP expansion has slowed to a six-year low of five percent for the June quarter. This has led to a rash of downward revisions in expectations, including from the RBI which now expects GDP growth to come down to 6.1 percent in FY20.
Moody's attributed the deceleration to an investment-led slowdown that has broadened into consumption, driven by financial stress among rural households and weak job creation.
The high industrial growth achieved by Bangladesh can be attributed to an openness to foreign investment and improving the ease of doing business. This is in contrast to the policy situation prevailing in India marked by a degree of protection and regulatory hurdles.
RBI survey on business sentiment in Indian manufacturing at lowest level since the global financial crisis
Overall business sentiment in the Indian manufacturing sector has deteriorated recently, the Monetary Policy Report has noted.
According to the the Economist Intelligence Unit, annual real GDP growth dropped to a six-year low of 5 percent in the second quarter and data from the third quarter show "little sign of improvement".
The ambition will depend on laggard districts leapfrogging into the upper-middle ranks, even as Noida and Greater Noida remain jewels in the crown
Balance sheet data for listed firms showed that the bulk of the cash was used for share buybacks, dividend payouts and for strengthening the balance sheet.
Experts feel that the sentiment has certainly moved from cautious to positive and the sectors likely to benefit the most are banks, capital goods, infra and realty.
Growth impact of recent government initiatives at best remains hazy.
Sluggish world trade and the twin disruptions of demonetisation and Goods & Services Tax to blame.
That seems to suggest that goods producers too believe that this is a cyclical slowdown which will pass in some time. Remember that the RBI has predicted that economic growth will be better from the second half of the current year itself.
Economists and market observers attribute the slowdown to domestic as well as global factors.
Real GDP slowed to 5 percent year-on-year in 2Q (first quarter of FY20) from the first quarter's 5.8 percent, below DBS' sub-consensus and market expectations.
Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol to discuss India's Q1 GDP numbers and what it will take to revive the economy.
Mark Mobius feels this is a good time to invest in India with a long-term view and India is right at the top of his list.
Speaking at the 'India Economic Conclave 2019' in Bengaluru, Shaw said no one expected the GDP growth to be this low, and marked out infrastructure as the key area which the Government should focus on.
Subramanian said the government is taking all steps to revive the economy and expressed confidence that the country would be on a high-growth path "very soon".
If we leave out government consumption, growth in real GDP was just 4.5 percent
GDP growth slows to 5 percent in April-June 2019. Delayed onset of monsoon in June and muted construction activity because of Lok Sabha elections also weighed
Muted household spending as reflected in metrics such as falling car sales have resulted in a pile up of unsold inventories and rising unused capacities in factory plants mirror slackening demand and feeble investment.
The focus should be on the overall public sector borrowing requirement (for the government plus public sector enterprises). That figure is close to 8.5 percent of GDP.
According to the rating agency, FY20 will be the third consecutive year of subdued growth primarily driven by a slowdown in consumer demand and uneven monsoon
Commenting on the measures announced by Finance Minister Nirmala Sitharaman last week, William Foster, Vice President, Sovereign Risk Group, Moody's Investors Service said GDP growth rate will pick up next fiscal year to 6.8 per cent.