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Reviving growth requires better coordination between fiscal and monetary policies
The constraints in the financial system have further worsened the monetary tightness. As growth continues to slow and inflation stays below the target, interest rates may keep falling, but likely not fast enough to revive growth quickly.
Exports up 11% in March, 9% in FY19
This is the best growth rate for exports since October 2018, when shipments grew by 17.86 per cent. Imports rose by 1.44 per cent to $43.44 billion in March 2019.
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Will stick to fiscal prudence, lower tax rates if voted to power: Arun Jaitley
He further said the GST (Goods and Services Tax) Council has cut tax rates on consumption items to 12 or 18 per cent from the highest slab of 28 per cent and lowering rate on cement is next on agenda.
Explained: Is the Indian economy slowing down?
Economists are looking at signals such as drop in vehicle sales and production cut, drop in consumption of food items, slower growth in core industry segments. A look at the possible reasons, and the concerns
February-March FPI inflows of Rs 46,000 crore keep rupee and equities on a high
Between February 1 and March 22, 2019, the FPIs have pumped in a net of Rs 46,000 crore in the Indian equities.
Modi, Jaitley do not know economics: Subramanian Swamy
In an apparent backhanded praise, Swamy said he does not understand why the prime minister says India is the world's fifth largest economy when, as per scientifically acceptable procedures for GDP calculations, the Indian economy is the third largest after the USA and China.
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India one of world's fastest-growing large economies: IMF
Responding to a question on India's economic development in the last five years at a fortnightly news conference, IMF communications director Gerry Rice said, "India has of course been one of the world's fastest-growing large economies of late."
Factory growth slips to 1.7% in January on subdued manufacturing output
Retail inflation, based on Consumer Price Index (CPI), increased to a four-month high of 2.57 per cent in February on the back of rise in prices of non-food items even as food inflation continued to remain in the negative zone, a separate set of data released Tuesday showed.
Slowing down
Latest data on economy could help build a case for monetary easing or another rate cut when RBI reviews monetary policy
Core sector growth slows to 1.8% in January
The index of the eight sectors comprising coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity grew by 6.2 per cent in January 2018.
Indian economy Photos
Postcards of Change: Transforming cities take centrestage
Indian cities are yet to get the attention they deserve despite their role as the growth engines of the economy.
Indian economy 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.
'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'
Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.
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No need for 'exaggerated panic' among investors: Jaitley
New Delhi, Feb 12 (ANI): As the Bombay Stock Exchange (BSE) Sensex plunged around 800 point on Thursday, Finance Minister Arun Jaitley on Friday came out to calm the investors, saying that there was no need for an 'exaggerated panic' among investors. Jaitley emphasised that the investors should keep in mind the inherent strength of the Indian economy while investing. He added that the Government is fully committed to empower and support public sector banks by providing whatever capital requirements is required, adding that the problem of recovering bad loans from the borrowers will soon be ended.
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