India Q4 GDP: "We are now prepared to say that risks to our GDP growth forecast of 6.5 percent for 2023-24 are now more evenly balanced than a few months ago when downside risks to the forecast were greater," Chief Economic Adviser V Anantha Nageswaran said.
India Q4 GDP Highlights | Despite the sequential decline in Q4 growth, Chief Economic Adviser V Anantha Nageswaran said he does not see a prospect of recession in India in FY23. There is considerable momentum in economic activity as witnessed by GST numbers in April, the CEA noted.
In the previous quarter, the Indian economy had grown at a record pace of 20.1 percent.
The statistics office provisional estimates showed that Gross Value Added (GVA) grew 7.1 percent in 2016-17. It was 6.6% earlier.
The house pins March inflation around 4.5 percent although for the quarter on an average the number could be 4.7-4.8 percent, said Sonal Varma, MD & Chief India Economist, Nomura Financial Advisory & Securities (India).
IBC and bank recapitalisation are the key pieces for the health of the banking sector, said Andrew Tilton, Chief Asia Economist, Goldman Sachs.
Markets are 70-80 percent sure of a US Fed rate hike in December, Geoffrey Dennis, Head-Global Emerging Market Strategy at UBS told CNBC-TV18.
Former Prime Minister Manmohan Singh has been critical of the demonetisation and goods and services tax (GST) roll outs since the beginning. He had categorically mentioned that the economy was running on just one engine of public spending. In an interview to Network18, Former Prime Minister has once again warned that the gross domestic product (GDP) growth will be affected adversely.
Gross domestic product (GDP) and gross value added (GVA) numbers for Q1 will be released today.
Worried that the investment cycle recovery of states that have announced farm loan waivers could get further delayed, said Tanvee Gupta Jain, India Economist, UBS Investment Bank.
"We are right now focused on three big categories for expansion. Air-treatment, water purification and cooking led by built-in. Air treatment is one of our big categories. Right now, we have got enough space to play in air-purifiers and air-conditioners, we are focused on that", Sunil D'souza, MD, Whirlpool of India told CNBC-TV18.
What matters is how we position within the market and in that our call though it has not worked in the first 3-months this year is to prefer the non-India stories and be underweight on the India stories, says Neelkanth Mishra, MD & India Equity Strategist, Credit Suisse.
Demonetisation is not going to impact property prices -- both land and houses in a large way, says Godrej. “Impact on property market is exaggerated,†says Adi Godrej, Chairman, Godrej Group.
In an interview with CNBC-TV18, A Prasanna, Chief Economist at ICICI Securities Primary Dealership, said the house maintains its FY17 GVA estimate at 7.6 percent as the Q1 GVA number released yesterday was not very disappointing.
IPOs over the recent past have done a good job of bringing new ideas to the market, Navin Agarwal, MD, Motilal Oswal Financial Services.
The scope of China's debt problem has risen "enormously," since Prasad was the IMF China division chief from 2002-2004, with corporate debt alone at 150 percent of the mainland's gross domestic product (GDP), he told CNBC's "Squawk Box."
Last week the commissioner for economic affairs, Pierre Moscovici, said the cumulative negative impact for British gross domestic product (GDP) would be between about 1 percent and 2.5 percent by 2017.
Analysts polled by Reuters had predicted gross domestic product (GDP) would ease to 6.6 percent in the second quarter, which would have been the weakest since the global financial crisis, and had predicted a further loss of steam later this year.
The government has pledged to ramp up fiscal support this year, boosting the fiscal deficit to 3 percent of gross domestic product (GDP), after economic growth last year cooled to a 25-year low.
"Certain efforts are now being made, but the last two years should have seen far greater action... The core problems of the economy require a substantial reforms programme which is not, as yet, visible," said Patnaik, a former Principal Economic Advisor in the Finance Ministry.
Growth in first quarter gross domestic product (GDP) likely slowed to 6.7 percent from the same period last year, down from 6.8 percent in the fourth quarter of 2015, according to a Reuters poll of 64 economists.
China could moderately increase its fiscal deficit ratio to gross domestic product (GDP), although not by too much, Lou Jiwei said at a news conference during the annual session of parliament.
Of particular interest is what exemptions finance minister Arun Jaitley proposes to give the country's startup eco-system, not just to the aspiring, first-time entrepreneurs, but also investors that fund them. Ease of doing business, however, remains the key concern across the tech spectrum.