Weakening retail sales and industrial production along with wrong GDP numbers show an unpleasant economic climate in China. What are the implications or India?
The first phase of the plan involved identifying growth areas and mapping and determining the baseline for each of the earmarked districts, and aimed to increase GDP growth by 2-3 per cent annually, thereby helping boost national GDP.
Last month, Finance Minister Arun Jaitley had exuded the confidence in meeting the fiscal deficit target of 3.3 percent for the current fiscal.
The proposed target, to be unveiled at the annual parliamentary session in March, was endorsed by top leaders at the annual closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting's outcome.
The consumption story in India is still intact and the capital investment cycle is yet to commence. Despite having an annual GDP of Rs 2.5 trillion, India has among the lowest per capita income levels in the world. This is one of the triggers for the consumer story
China's economic growth is projected to slow down to 6.2 each in 2019 and 2020 and 6 percent in 2021, according to the January 2019 Global Economic Prospects report released by the World Bank on Tuesday.
According to World Economic Forum (WEF), with an annual GDP growth rate of 7.5 percent, India is currently the world's sixth-largest economy. By 2030, domestic private consumption, which accounts for 60 percent of the country's GDP, is expected to develop into a USD 6-trillion growth opportunity.
The bank said India will continue to be the fastest growing major economy in the world.
However, it is set to moderate to below 7 percent during October-March this year, signaling a slowdown amid festering rural distress.
From a macro perspective, our country can look a tad bit expensive, but considering the growth profile and the possibility of value unlocking from balance sheets, it is bound to remain expensive
The minister was replying to a query on how the Indian economy has benefited from the changed GDP numbers.
The ministry said the larger purpose of demonetisation was to move India from a tax non-compliant society to a compliant society and the impact of note ban has been felt on collection of personal income tax.
Coalitions government, especially seemingly unstable coalitions (PV Narasimha Rao’s, or UPA1) have delivered fairly robust levels of stock market performance
Farm loans, which have been announced since 2014, are a major factor responsible for fiscal stress in certain states.
Stable FDI inflows to India, too, could slow down over the first half of 2019, as investors await greater clarity on policy direction
Development states are able to rise above powerful sectional and vested interests. Unfortunately in India, governments have, time and again, meekly surrendered to populist pressures.
India’s share of world output was higher than China’s till 1984, but it’s less than half now.
India-born Harvard professor Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month.
BNP Paribas is of the view that India’s earnings growth potential is around 14-15%, slightly higher than nominal GDP growth, not 18-21% as the current consensus seems to suggest.
If demonetisation had not occurred then GDP growth in the September-December 2016 quarter would have been 2 percentage points higher.
Rajan said he has seen studies which reaffirm that banning of high value currency notes in late 2016 impacted India's growth significantly.
Rather than using GDP as the metric to measure economic well-being, India must look at a more holistic system, such as the OECD Better Life Index
Although the country's economy witnessed an average growth of almost 7 percent over the last 25 years, Rajan said that the growth has not benefited all sectors or people
Former RBI governor Urjit Patel had pointed out that loan waivers often result in higher than budgeted revenue expenditure.
The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19. Among other things, the crucial board meeting is expected to take a stock of Micro, Small & Medium Enterprises (MSMEs), which is under stress due to demonetisation and implementation of the Goods and Services Tax (GST).