Gdp Growth

Government Plans New Law To Protect Foreign Investment: Report

Business | Reuters | Wednesday January 15, 2020

India is entangled in more than 20 such overseas arbitration cases - the most against any country - brought by companies including Vodafone, Deutsche Telekom and Nissan Motor Co for disputes over retrospective tax claims and breach of contracts.

From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget 2020

Business | Written by Peter Noronha | Wednesday January 15, 2020

As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's fastest-growing major economy for four years, India was predicted to emerge as the third largest economy after the US and China. But that script has gone awry in t...

Stagflation Threat Looms For Former World-Beating Economy India

Business | Anirban Nag, Bloomberg | Tuesday January 14, 2020

Economists are forecasting a rebound in growth to 6.2 per cent in the fiscal year through March 2021, although much will depend on how quickly global demand and domestic spending recovers.

Budget On February 1, Long List Of Challenges For Government: 10 Points

Business | Reported by Sunil Prabhu, Edited by Sandeep Singh | Thursday January 9, 2020

Finance Minister Nirmala Sitharaman will present the Union Budget for financial year 2020-21 on February 1. This will be the first full-year Budget after the re-election of Prime Minister Narendra Modi's government in May last year. PM Modi will hold detailed talks with economists and financial experts on Thursday to discuss the current economic sl...

Lower Consumption, Less Credit Led To Decline Of Growth To 5%: World Bank

India News | Press Trust of India | Thursday January 9, 2020

The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year.

Opinion: Indian Economy, Worst In 42 Years, Needs An Honest Look

Business | Andy Mukherjee | Bloomberg | Wednesday January 8, 2020

Consumer demand is in the doldrums and government spending - the only thing supporting growth - is bound to be pruned in the closing months of the fiscal year to avoid a budget blowout.

Time Right For Government To Boost Spending, Widen Fiscal Deficit: Report

Business | Reuters | Wednesday January 8, 2020

The government in its budget in July had proposed to bring down the fiscal deficit to 3.3 per cent in the current fiscal year ending March 2020 and then reduce it further to 3 per cent in 2020-21.

Budget Deficit Could Widen To 3.8% of GDP, Breaching Target: Report

Business | Bloomberg News | Wednesday January 8, 2020

The government is facing a revenue crunch as economic growth slows, putting pressure on the budget.

GDP Growth For This Year At 5%, Says Government, Slowest In 11 Years

Business | Reuters | Tuesday January 7, 2020

Most private economists have lowered India's growth forecast to around 5 per cent for the 2019-20 fiscal year, after the central bank cut its growth estimate to 5 per cent last month, citing weakening demand and a slowdown in global economic activity.

Government Plans To Cut Spending To Keep Deficit Within "Acceptable Limits": Report

Business | Reuters | Monday January 6, 2020

Asia's third largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.

India Will Struggle To Achieve 5% GDP Growth In 2020: US Economist

India News | Press Trust of India | Wednesday January 1, 2020

India will "struggle" to achieve 5 per cent GDP growth in 2020 as the significant deceleration in past few quarters was largely owing to credit squeeze which is a cyclical problem, said noted American economist Steve Hanke.

Finance Minister Nirmala Sitharaman Unveils Plan On Rs 102-Lakh-Crore Infrastructure Projects

Business | Edited by Sandeep Singh | Tuesday December 31, 2019

The economy is struggling against a growth slowdown due to low demand and thousands of job losses across sectors.

"Maybe Even 4.5% Growth A Rosier Picture," Arvind Subramanian Tells Prannoy Roy: Full Transcript

India News | NDTV News Desk | Wednesday December 25, 2019

Former Chief Economic Adviser to the Government of India, Arvind Subramanian, spoke to Dr Prannoy Roy on the state of economy in an exclusive interview, saying the government's figures of GDP growth - 4.5 percent - could be a "rosier picture than the underlying reality." Mr Subramanian further said the economic downturn the Indian economy is facing...

Fitch Cuts India GDP Growth Forecast To 4.6% For Current Financial Year

Business | Press Trust of India | Friday December 20, 2019

The Fitch's FY2019-20 growth forecast is lower than 4.9 per cent projection by Moody's and 5.1 per cent by Asian Development Bank.

PM Modi Exhorts India Inc To Take Bold Investment Decisions

Business | Press Trust of India | Friday December 20, 2019

Speaking at an industry chamber Assocham event, PM Modi said a massive Rs 100 lakh crore will be spent in the coming years on building infrastructure.