India’s GDP growth stands at an 11-year low at 4.2% in FY20
NEW DELHI:India’s economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment. The Gross Domestic Product (GDP) growth stood at 5.7 per cent in the corresponding quarter of 2018-19, according to data released by National […]
India may see 0% GDP growth this fiscal year: Moody’s
MUMBAI: The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0% expansion in the current fiscal year, analysts at Moody’s said on Friday. The ratings agency said it expected India to see no growth in financial year 2021 and bounce back to a […]
NCAER projects Q2 GDP growth to decline to 4.9 per cent
NEW DELHI: The India’s GDP growth is likely to decline to 4.9 per cent in the second quarter of this fiscal due to sustained slowdown in virtually all the sectors, economic think-tank NCAER said on Saturday. India’s economy grew at 5 per cent in the first quarter of 2019-20 — the slowest pace in over […]
Fitch cuts India’s FY20 GDP growth forecast to 5.5 per cent
NEW DELHI: Fitch Ratings on Thursday slashed India’s GDP growth forecast in the current fiscal to 5.5 per cent saying a large credit squeeze emanating from shadow banks has pushed economic growth to a six year low. Fitch, which had in June this year put India’s GDP growth at 6.6 per cent for the fiscal […]
5% GDP growth in Q1 a surprise, but government’s steps will help economy: RBI Governor
NEW DELHI: RBI Governor Shaktikanta Das on Monday termed the low GDP growth of 5 per cent as a “surprise” but expressed confidence that the economy will look up with a host of measures taken by the Narendra Modi government. He further said that the RBI has been cutting rates to give a boost to […]
India’s GDP growth rebound expected to be weaker: Fitch Solutions
NEW DELHI: After slumping to an over six-year low, India’s economic growth will pick up over the coming quarters but the rebound is expected to be weaker than before, Fitch Solutions said on Monday as it trimmed GDP forecast for the current fiscal to 6.4 per cent from 6.8 per cent previously. India’s real GDP […]
GDP growth to be flat at 6.8% in FY20: Report
NEW DELHI: The economy will not be able to achieve the official forecast of 7 percent growth in FY20, making it a second consecutive year of sub-7 percent expansion, says a report. Singaporean lender DBS estimates FY20 growth to stay at 6.8 percent, the same as FY19. The economic survey earlier this month had pegged […]
GDP growth slows to five-year low at 5.8 per cent in January-March
NEW DELHI: India’s economic growth rate slowed to five-year low of 5.8 per cent in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released on Friday said. The Central Statistics Office (CSO) also revealed that GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent […]
RBI cuts inflation forecast to 2.9-3 pc for H1 FY20
MUMBAI: The Reserve Bank of India (RBI) on Thursday cut the retail inflation forecast to 2.9-3 per cent for the first half of current fiscal, mainly due to lower food and fuel prices as well as expectation of a normal rainy season. The RBI has reduced the key policy rate by 25 basis points to […]
Fitch cuts India GDP growth forecast for FY20 to 6.8 per cent
NEW DELHI: Fitch Ratings on Friday cut India’s economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected momentum in the economy. “While we have cut our growth forecasts for the next fiscal year (FY20, ending in March […]