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Indian economic growth has steadily slowed to a six-year low of 5.0 per cent in the April-June quarter from an 8.1 per cent peak in the January-March quarter of 2018.
Slowing Indian economy spells tough times ahead for the rupee: report
07 Nov 2019 9:49 AM

A barrage of rate cuts from the RBI this year has done nothing concrete so far to revive a slowing Indian economy.

The sharp reduction in tax rates will drag heavily on revenue collection.
Fitch raises India's FY20 fiscal deficit forecast to 3.6 pc of GDP
06 Nov 2019 12:21 PM

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

Economists decided that 2009-10 was not a good year globally and domestically and finalised 2011-12 as the base year for new series of GDP.
New base year for GDP to be decided in few months
05 Nov 2019 3:00 PM

The change in base year actually captures the change in structures of the economy.

Although the Nikkei/IHS Markit Services Purchasing Managers’ Index (PMI) rose to 49.2 last month from 48.7 in September, it remained below the 50-mark threshold separating contraction from growth on a monthly basis.
India's services activity contracts for second straight month in October
05 Nov 2019 12:56 PM

Last time services activity contracted for two consecutive months was in August 2017 following the GST implementation.

Economic growth has slipped to a six-year low of 5 pc for the June quarter and is expected to turn in lower than that in the Sept quarter.
Muted Diwali demand, GDP growth may fall to 5.8 pc: BofAML
04 Nov 2019 4:29 PM

Lack of consumption is seen as one of the key factors pulling down growth.

The latest Periodic Labour Force Survey claimed an unemployment rate of 6.1 per cent  that India witnessed  between July 2017 and June 2018 was the worst in 45 years. (Representational image)
Jobless rate at 2-year high
02 Nov 2019 2:01 AM

Tripura, Haryana fare badly, Tamil Nadu best in India.

Billionaire Mukesh Ambani.
Ambani says slowdown in India temporary, reforms undertaken to reverse trend
29 Oct 2019 5:56 PM

The govt has taken a string of policy measures over the past couple of months to shore up the economy and revive credit.

Finance Minister Nirmala Sitharaman, while talking to reporters, said states too will have to make efforts in improving the business climate in India, especially with regard to property registration. (Photo: File)
Sitharaman promises further GST simplification to help India improve biz ranking
24 Oct 2019 4:05 PM

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

I am confident that this momentum of business reforms will be maintained and India will be among top 50 destinations as was envisioned by our PM, said CII Director General Chandrajit Banerjee. (Photo: Representational Image)
Improvement in ease of doing biz ranking outcome of Modi govt's reforms: India Inc
24 Oct 2019 3:17 PM

Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.

The projection is lower than 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.
Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent
24 Oct 2019 2:21 PM

GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.

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