India’s GDP growth rate for 2019-20 estimated at 5% against 6.8% in FY19
NEW DELHI: India’s GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal, mainly due to poor showing by manufacturing and construction sectors, government data showed on Tuesday. As per the first advance estimates of the national income released by the National Statistical Office (NSO), the manufacturing sector […]
India should think big and envision 10% GDP growth rate: CII President
NEW DELHI: Strong action to spur consumption, investments and net exports will take GDP growth rates much higher, according to Vikram Kirloskar, President, Confederation of Indian Industry (CII) and Chairman and MD, Kirloskar Systems Ltd and Vice Chairman, Toyota Kirloskar. The CII President was addressing his first press conference after assuming office. “This is the […]
Cement demand expected to grow 1.2 times of GDP growth rate: UltraTech
NEW DELHI: The average cement demand is expected to grow 1.2 times of the GDP growth rate in the country over the long term, according to UltraTech Cement. The growth of industry will be primarily driven by the government-led spending on big infrastructure projects and low cost housing, besides uptick in rural housing. India is […]