economic growth

economic growth News

Consumption boost: Govt spending drives growth, private investments yet to kick in

If good monsoons have propped up agriculture growth and demand in the rural economy, the government expenditure on account salary revisions by states gave impetus to the consumption story.

India's economy likely to grow at 7.3 per cent this fiscal: Report

Another factor that is expected to boost growth is the rise in foreign direct investment (FDI) as a result of ongoing improvements to domestic business conditions.

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At 7 per cent growth, economic recovery still a way to go

While this is much higher than the 6.7 per cent growth clocked in the first quarter of 2014-15, it is muted compared to the 7.5 per cent growth in the January to March quarter of last fiscal.

Arun Jaitley: India to stay on high growth path for 10-20 yrs

"We do believe that 7.5 per cent rate can be improved upon... And government is concentrating on several areas specially rural India," he said.

Mexican opportunity

India, Mexico have a long tradition of friendship. They must seize the future.

Economic growth slows to 7 per cent in first quarter

"GDP growth this year will be led by consumption growth (backed by falling inflation and monetary easing), investment growth revival will take place once capacity utilisation starts increasing," said DK Pant, chief economist, India Ratings.

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Overtaking China

But let’s hold the celebrations. We need to take IMF, World Bank projections with a pinch of perspective.

India to surpass China's economic growth in 2015-16: IMF

India will overtake China as the fastest growing emerging economy in 2015-16 by clocking a growth rate of 7.5 per cent, the IMF said.

‘Budget approach to new GDP series should be a logical, not mechanical exercise’

Country’s chief statistician TCA Anant cautions against comparing India’s growth rate with other countries.

Inflation curbed

But the industrial data is unconvincing, and a rate cut is needed to secure growth.

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