Capital goods production has increased at a CAGR of 0.07 percent in the last seven years
Bengal is followed by Andhra Pradesh which has recorded GDP growth of 11.02, Bihar with 10.53 and Telangana 10.5 per cent respectively. Goa is at the bottom of the list with 0.47 per cent growth rate, he said.
Industrial output, or factory output, is the closest approximation for measuring economic activity in the country's business landscape
Signs on the ground don’t point to a meaningful growth recovery. With prices posing no immediate threat, RBI has its task cut out.
According to DBS, RBI Governor's recent comments that policy stance will depend on incoming data nudged traders to pare easing expectations.
The United States, China and Japan secure the first three positions respectively.
Days after winning the Lok Sabha 2019 elections with a decisive mandate, PM Modi shifted his focus on turning India to a $5 trillion economy. However, the target seems far-fetched in the face of global and domestic headwinds.
Exports have declined by almost 10 percent in the span of a year. Sluggish global demand and the US-China trade war have worsened the broader economy's prospects
This cut comes amidst slowing global growth and weak monsoon leading to sluggish Q1 data
Muted government spending in the June quarter due to the elections has exacerbated the slowdown
For sustained exports, competitiveness is the key, which depends on factors ranging from cost of credit, logistics cost, transaction cost, currency movement, productivity, skilling, marketing and branding.
This is a downward revision of 0.3 per cent for both the years as compared to the IMF's previous projections early this year, it said.
According to Niti Aayog, 100% EV sale by 2030 can reduce India's import dependence by a big margin.
In a new paper 'Validating India's GDP Growth Estimates', the former CEA said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis.
Businesses are discouraged from investing when demand is tepid. We need to watch out for the precursors of a permanent lowering of income expectations by consumers. It is time to shine the spotlight on the structural aspects of the slowdown.
The Kothari Commission and subsequent committees have emphasised the need of higher spending in the education sector at par with developed countries, which spend close to 5-6 per cent of GDP on education.
An RBI research paper as well as money supply data indicates that a turnaround in the financial cycle is likely
The brokerage expects the Reserve Bank to ease the policy rate by another 75 basis points as against its previous forecast 25 basis points in FY20.
Businesses and equity markets will have to bear the short-term costs of fiscal restraint
Elaborating, Banerjee, a member of the expert advisory committee of the Institute of Chartered Accountants of India (ICAI), said the goal may seem to be "a herculean task even impossible" if this target (USD 5 trillion) is considered on a "constant price".
The government largely intends to achieve this through investment-led growth rather than the traditional consumption-driven method
The Budget addresses some of the issues holding back growth, without loosening the fiscal purse strings
While the Budget has several things going for it, the budgetary arithmetic is to be taken with a pinch of salt
India’s gross domestic product (GDP) grew 5.8 percent in January-March, official data released on May 31 showed, confirming fears of a slowdown.
FAQs on the Budget estimates