New Delhi: Improvement in performance of agriculture and manufacturing sectors is expected to push the economic growth rate to 6.4 per cent in 2013-14 from 5 per cent in the previous fiscal, PM's economic advisory panel said on Tuesday . "Economy will grow at higher rate from now. We projected growth rate of 6.4 per cent in the current fiscal", Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said while releasing the Economic Review for 2012-13.
Economic growth rate had slipped to decade's low of 5 per cent in 2012-13 mainly on account of the impact of the global financial woes. Rangarajan hoped that the GDP estimate for 2012-13 would be revised upwards from 5 per cent estimated in February by the Central Statistical Organisation (CSO).
The improvement in the growth rate in the current fiscal, he said, would mainly be on account of better performance of agriculture, industry and services sectors. The agriculture sector, he said, was likely to grow at 3.5 per cent compared to 1.8 per cent in the previous fiscal.
In case of industry and services sectors, the growth rates have been projected at 4.9 per cent (3.1 per cent in 2012-13) and 7.7 per cent (6.6 per cent), respectively. Rangarajan said the action taken by the government to speed up project clearances since September would be visible in the current fiscal....
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11:41 AM, Apr 23, 2013
New Delhi: The economy extended its long slump in the quarter ending in September, with lower-that-expected growth keeping it on track for its worst year in a decade and underscoring the urgency of politically difficult reforms to spur a revival. Quarterly gross domestic product (GDP) grew 5.3 per cent from a year earlier, provisional government data showed on Friday, below the 5.5 per cent posted in the three months ended...
11:06 AM, Nov 30, 2012
New Delhi: India's economy probably expanded near its slowest pace in three years in the quarter to September, according to a Reuters poll, suggesting little signs of an early turnaround, despite reform steps taken by the government to lure back investors. Gross domestic product rose 5.4 per cent year-on-year in the July-September period, slightly lower than the 5.5 per cent increase in the previous quarter, and only just above the...
09:49 AM, Nov 30, 2012
New Delhi: The World Bank on Wednesday cut India's growth forecast for the current fiscal to 6 per cent, from the earlier estimate of 6.9 per cent, citing corruption scandals and uncertainty in policy issues. "Real GDP growth is forecast to reach around 6 per cent in 2012-13, after 5.3 per cent growth in the fourth quarter of 2011-12 and 5.5 per cent growth in the first quarter of 2012-13,"...
11:21 PM, Oct 10, 2012
CNBC-TV18 Banking Editor Latha Venkatesh explain what the Q1 numbers of GDP mean. ...
03:15 PM, Aug 31, 2012
New Delhi: It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Prime Minister Manmohan Singh summoned journalists on his plane for a briefing. The one statement he had prepared for the media that night, however, concerned allegations of corruption levelled against him and his cabinet ministers - not the economy. Quizzed...
09:02 AM, Jun 04, 2012
Mumbai: Analysts at Goldman Sachs and Bank of America-Merrill Lynch cut their growth forecasts for India, following up on a Morgan Stanley downgrade earlier this week that had sparked much concern in domestic markets. The downgrades come in a tough month for Indian markets, after global risk aversion surged, exposing the country's fiscal and economic vulnerabilities. Goldman Sachs said it was cutting its gross domestic product forecast to 6.6 per...
05:24 PM, May 25, 2012
Lawrence Summers has served as US treasury secretary under Bill Clinton, a post currently held by his protegee Timothy Geithner. Presently, he teaches economics at Harvard University, where he was formerly the president. He comes from a family of economists. His parents are economists and he is a nephew of Paul Samuelson and Kenneth Arrow, both Nobel Laureates in economics. How is India positioned as a global consumption engine? India...
03:39 PM, Jan 13, 2012
Lawrence Summers has served as US treasury secretary under Bill Clinton, a post currently held by his protegee Timothy Geithner. Presently, he teaches economics at Harvard University, where he was formerly the president. He comes from a family of economists. His parents are economists and he is a nephew of Paul Samuelson and Kenneth Arrow, both Nobel Laureates in economics. How is India positioned as a global consumption engine? India...
11:00 AM, Jan 13, 2012
New Delhi: Confirming fears of a slowdown, India's economy grew by just 7.8 per cent in the fourth quarter ending March this year, mainly due to poor performance of the manufacturing sector, as against 9.4 per cent in the same three-month period of the previous fiscal. However, economic growth, as measured by the Gross Domestic Product, improved to 8.5 per cent in 2010-11 from 8 per cent in 2009-10 due...
11:59 AM, May 31, 2011
The economy has grown at 6.1 pc in the first three months of financial year. ...
01:18 AM, Sep 01, 2009
The growth is much better than many economists had expected. ...
01:39 AM, May 30, 2009
Visakhapatnam: Mahendra Singh Dhoni announced his arrival on big stage at this particular venue with a magnificent 148 against Pakistan back in 2005 and the pitch at the Dr YSR Reddy ACA-VDCA Stadium again promises of run-feast when India take on New Zealand in the first T20 international. We have the best outfield in the country. The pitch is full of runs and is prepared keeping the format in mind....
09:25 AM, Jun 24, 2008
Australia won the Team of the year award and Aussie opener Shane Watson was adjudged the Cricketer of the Year. ...
10:53 PM, Dec 07, 2007
