GDP

GDP News

Have no reason to doubt govt commitment on fiscal targets: RBI

The budget has set the fiscal deficit target at 3.3 percent of GDP for the current fiscal but the steeply falling GST collections and the historic cut in corporate taxes have raised concern over the maintainability of the target.

Explained: Can Govt meet its fiscal deficit target without reducing its spending?

While a lower corporate tax rate incentivises businesses to reinvest in existing businesses and makes new investments attractive, it also comes at the cost of lower tax revenues for the government.

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Watch: P Chidambaram mocks Modi govt outside Delhi court, says '5%...GDP is 5%'

Chidambaram was reacting to questions over his prolonged CBI custody outside the court premises. 

No bank will be closed, no employee removed: Sitharaman allays fears on merger of public sector banks

“There is no closure of banks. No banks are being asked to do anything different from what they were doing. In fact, we are giving them more capital to do what they were doing,” Nirmala Sitharaman said at a press conference.

GDP growth slides to 5%, slowest in six years; Govt says more boosters coming

Data showed that the growth has slowed down in five out of eight sectors, reflecting the widespread weakness in the overall economy.

India's April-June GDP growth at 5%, slowest in over six years

The growth rate was 8 per cent in the corresponding period last year, as per the latest data from the Central Statistic Office (CSO).

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Strong rupee, lower GDP likely to tame inflation in India: Asian Development Bank

India will be the main driver to lower the inflation for the South Asian region, ADB said in a supplement to Asian Development Outlook (ADO) 2019.

$5 trillion economy is not an extraordinary goal

The CEA has good reason to be worried about the insufficiency of domestic resources. Government/ public investment can be made only out of tax revenues and public sector surpluses. Of these, tax revenues are under pressure. 2018-19 was a particularly dismal year; yet the government has set aggressive targets for tax revenues in 2019-20. Evidently, the CEA does not share the government’s optimism.

By ignoring final numbers for 2018-19 in formulating budget estimates, govt has presented incorrect data

Can there be any excuse to just reproduce the interim budget figures in July when the Ministry had the data given to the CGA? Further, the data was presented in the Economic Survey, so why not in the budget?

Getting the GDP numbers right

Estimates are not perfect, but the process is revised and fine-tuned.

GDP Videos

‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

Post-demonetisation, GDP figures dip to 6.1 pc

Post-demonetisation, the GDP data has showed growth of India’s economy declined to 6.1 per cent in the January-March quarter. With a gross domestic product growth of 6.1 per cent in the fourth quarter, India has lost the tag of the world’s fastest growing major economy to China . For the full 2016-17 fiscal, GDP growth […]

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'Railways in crisis going from bad to worse': Dinesh Trivedi

New Delhi, Feb 25 (ANI): Former railways minister Dinesh Trivedi wished Railway Minister Suresh Prabhu all the best for the upcoming Railways Budget. He said he was little worried about the railways because railways is a basic system anywhere in the world, which adds to half percent to the GDP. If the railways doesn’t do well, you cannot contain even your food inflation.

India has the same per capita income as Nigeria, Ghana and Kenya: Onno Ruhl

In this Idea Exchange, World Bank India – Country Director Onno Ruhl speaks about the state of social indicators in India, dealing with the Maoist issue,  on the ease of doing business here,  fund cuts to NGOs and the difference between the previous and the current governments

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