Gdp

Economic Survey likely to focus on accelerating growth

A day before the Budget, Finance Minister P Chidambaram will table the Economic Survey 2013-14 in Parliament on Wednesday. The main focus of the survey is likely to be on accelerating economic growth. The Central Statistical Organisation estimates project a 5 per cent growth this year, which is the lowest in a decade. Prepared by a team of economists, led by Chief Economic Advisor Raghuram Rajan, the Survey is likely...  

Budget 2013 expectations: 5 things govt needs to get right

Microsec has come out with its report on Budget preview. According to the research firm, priorities before the Government in the FY13-14 is even more demanding than what it was last year as almost all the economic indicators have further aggravated and now needs larger attention. ...  

Economy to grow at 5.5 pc in current fiscal: Montek

Indian economy would grow at a rate of between 5 and 5.5 per cent in current fiscal and could expand by 7 per cent in 2013-14, said Plan panel Deputy Chairman Montek Singh Ahluwalia. ...  

Committed to restrict FY'13 fiscal deficit at 5.3 pc: PM

Concerned over economic slowdown, Prime Minister Manmohan Singh on Tuesday said the government is committed to containing the fiscal deficit to 5.3 per cent of GDP this fiscal and various steps are being taken to revive economy, which include faster clearances to mega projects. ...  

UPA has failed to rejuvenate economy, says BJP

Concerned over "sinking" growth rate, the Bharatiya Janata Party on Friday said the government has failed to rejuvenate the economy despite being in power for nine years. "The UPA has been in power for an uninterrupted period of nine years and even after these years of UPA governance we are faced with a gloomy situation in the economy. ...  

India reckons 2012-13 economic slowdown worse than expected

India's slowest growth in a decade could be worse than anticipated, as preliminary data released on Thursday showed the economy set to have grown 5 per cent in fiscal year ending next month, underscoring the urgent need for reforms to boost growth. ...  

Economy to grow at 5 per cent in 2012-13

India's gross domestic product (GDP) is estimated to grow an annual 5 per cent in the 2012/13 fiscal year, a government statement said on Thursday, citing provisional estimates. The latest estimate is the worst of all growth projections issued by the government and the RBI. ...  

Govt revises downwards FY12 GDP to 6.2 pc

The government on Thursday revised downward the economic growth for fiscal 2011-12 to 6.2 per cent from the earlier estimate of 6.5 per cent. However, as per the first revised estimates of National Income, Consumption Expenditure, Saving and Capital Formation, the GDP (Gross Domestic Product) for the fiscal 2010-11 has been revised upwards to 9.3 per cent from 8.4 per cent. ...  

RBI lowers current fiscal growth projection to 5.5 pc

The Reserve Bank of India on Tuesday trimmed the economic growth projection for the current fiscal to 5.5 per cent, from 5.8 per cent estimated earlier and said it was necessary to arrest the decline in growth as inflation risks moderate. ...  

HSBC cuts India GDP forecast for Fiscal Year 2013

HSBC further cut its India growth forecast for the current and next fiscal years, saying the slowdown in the economy has become more structural than cyclical. ...  

Car sales growth heads for a nine-year low

India's car sales are expected to post their weakest growth in nine years, if any at all, as automakers such as Tata Motors and Maruti Suzuki battle with falling demand due to high interest rates and rising car ownership costs. ...  

China Q4 GDP growth seen rebounding to 7.8 pc

China's annual economic growth may have quickened to 7.8 per cent in the fourth quarter a Reuters poll showed, snapping seven straight quarters of weaker expansion, but the recovery is likely to be tepid and the economy may need continued policy support. ...  

Rupee drops for second year, seen gaining in 2013

The rupee fell due to oil-related dollar demand on Monday, ending 2012 with its second consecutive yearly fall, weighed down by a wide current account gap, the slow pace of financial reforms, and economic uncertainty at home and abroad. However, the rupee ended 2012 with an improved tone, recovering some 4.2 per cent from the record low of 57.32 touched in June, when investor confidence in the economy and the...  

India will see another "harsh" year in 2013: Basu

India will see another "harsh" year in terms of economic growth in 2013 as the European situation "will remain very difficult up to end of 2014", World Bank Chief Economist Kaushik Basu on Friday said. "Next year will also be very harsh (for India)...the European situation will remain very difficult up to end of 2014 and may be to the beginning of 2015. ...  

Economic growth expected to slow down further: Experts

There are more concerns on the economic front as quarter 2 GDP dipped to 5.3 per cent from 5.5 per cent in the first quarter. ...

GDP growth at 5.3 per cent in July-September quarter

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. ...  

India's July-Sept GDP growth seen at 5.4 per cent

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. ...  

Moody's says India's rating outlook is stable

Moody's said on Tuesday that the outlook on its Baa3 rating for India is stable, in part due to the country's high savings and investment rates, as debate rages in Delhi over whether the country can avoid credit downgrades from other rating agencies. ...  

IIP decline in September very disappointing: Montek

New Delhi: Terming the decline in industrial output in September as "very disappointing", Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said the impact of recent reforms initiatives will manifest in the data for the second half of the fiscal. "The Index of Industrial Production (IIP) for September is obviously very disappointing...the September data does not reflect the impact of any recent initiatives. These initiatives will also take some...  

Govt taking steps to boost investor confidence: Montek

Hyderabad: Amid threats that India's credit rating could be downgraded and a slowdown in the economy, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said that the government has taken several steps to boost investor confidence and more such measures may follow. "Lot of examples can be given on the steps the government has taken to get rid of impediments in movements of large projects. I think I am...