The IMF on Tuesday trimmed India's growth forecast by 90 basic points to 6.1 per cent. This is second downward revision in seven months and in total 120 basis points reduction. 100 basis points is equal to one percentage point.
The numbers provided further evidence that Netflix's salad days may be over, particularly in the US, where most households that want its 12-year-old streaming service already have it.
Globally, India stood in contrast to IMF’s gloomy economic projection of a 'synchronised slowdown'
Rajkumar Rishi, VP and MD, Consumer and Small Business, Dell Technologies India said that Dell is reaching out to schools in small towns to train them on using PC for education and for gaming
The predictions have been lowered as India approaches the festive season, which is typically a sales boom period
Das said that banks have responded positively to linking interest rates to external benchmark but the process needs to be faster.
The two-wheeler companies are offering these loans in select states via their finance arms such as TVS Credit, Hero FinCorp and Bajaj Auto Finance
This cut comes amidst slowing global growth and weak monsoon leading to sluggish Q1 data
Limited ties with China and a diversified basket proved advantageous as India’s share in world exports rose, even as peers lost out
New corridors will help railways meet growing demand for faster and efficient movement of freight.Railways plans to complete 60-70% of work this fiscal and make them fully operational by 2021
A slowdown in consumption will just add to the economic squeeze and also upset the government’s plans to earn more resources
The survey pegs the government's (Centre and states) fiscal deficit to decline to 5.8 percent of GDP in FY19 from 6.4 percent of GDP in FY18
The East Asian model is far from ‘blue sky thinking’, but what other successful growth stories do we have?
The Nordic nation has a unique mix of high mobility between jobs, low job security, and high rates of unemployment benefit which make up its unique “flexicurity” model. Plus, there is a well-developed adult vocational training.
India needs policies for sustainable and climate-smart agriculture.
Ideas for stimulating growth need to go beyond increasing government expenditure.
Making PM-KISAN universal will solve the identification problem to an extent and make its implementation easier.
Consumption slowdown should be a cause of concern as it was the last engine driving GDP growth.
India's gross domestic product product (GDP) growth rate between this period should be about 4.5 per cent instead of the official estimate of close to 7 per cent, he said in a research paper published at Harvard University.
The period pertains to both the UPA 2 and NDA 2 regimes.
MPC strongly signaled the opening of space for deeper and continuing easing by unanimously voting to both cut the repo rate and change the policy stance.
Further reduction in rates would be a function of negative growth surprises, compared to RBI’s projections.
Given the trajectory of growth and inflation, there still is room for another 25 bps cut over the next two meetings.
The cut in policy rates and a dovish commentary, though eminently welcome, is not a panacea.