Page 13 - Latest Updates on Gross Domestic Product (GDP)
As news goes from bad to worse, Modi govt scrambles to revive the economy
Finance Minister Nirmala Sitharaman said this week she's not closing the door on additional steps to support the economy.
 "As news goes from bad to worse, Modi govt scrambles to revive the economy")
Top events today: Sept GDP numbers, Yes Bank to consider fundraising & more
From September GDP data, SAT hearing on Karvy ban by Sebi to opposition parties and academicians attending slowdown conclave, Business Standard brings you the top news events of the day.
 "Top events today: Sept GDP numbers, Yes Bank to consider fundraising & more")
Letter to BS: Sitharaman's remark on Indian economy doesn't hold ground
Corporations across sectors are facing the heat due to low demand from consumers
 "Letter to BS: Sitharaman's remark on Indian economy doesn't hold ground")
GDP growth seen slipping under 5% in Sep quarter; may be in 4.2-4.7% range
A look at six indicators shows all of them have collapsed from positive growth in April to contraction in Sept
 "GDP growth seen slipping under 5% in Sep quarter; may be in 4.2-4.7% range")
India's economic growth to weaken in second half of FY20, says DBS Bank
New project announcements remain at a multi-year low, while production was depressed by weak consumer durables, non-durables, intermediate and capital goods, the bank pointed out.
 "India's economic growth to weaken in second half of FY20, says DBS Bank")
$5-trillion GDP needs 12.4% nominal growth a year, says NITI Aayog
This is 0.4 percentage points higher than estimated by the Economic Survey for 2018-19, owing to a slowing economy
 "$5-trillion GDP needs 12.4% nominal growth a year, says NITI Aayog")
Need to adopt AI to collect more scientific agri-data: Chief Statistician
One of the reason for considerable time gap in availability of quality data, Chand said that the welfare country is still depend on manual reporting from revenue officials.
 "Need to adopt AI to collect more scientific agri-data: Chief Statistician")
Economists estimate India's July-September GDP growth at 4.2-4.7%
Nomura chief economist Sonal Varma has put the Q2 growth at 4.2 per cent, similar to what SBI has estimated
 "Economists estimate India's July-September GDP growth at 4.2-4.7%")
Nomura slashes India's FY20 GDP forecast to 4.9% from 5.7% earlier
While there have been a rash of growth estimate cuts, including a 0.70 percentage points reduction by the RBI last month to 6.1%, the Japanese brokerage's estimate is so far the lowest
 "Nomura slashes India's FY20 GDP forecast to 4.9% from 5.7% earlier")
Is South Asia ready for take off?
To ensure the region's growth path remains strong and sustainable, new policies and initiatives need to remain mindful of fiscal, financial and environmental risks
 "Is South Asia ready for take off?")
Govt may change new base year for GDP to 2017-18; decision likely soon
MoSPI secretary said that earlier when new series with 2011-12 base year was being worked out, the ministry thought of revising it to 2009-10
 "Govt may change new base year for GDP to 2017-18; decision likely soon")
Output of 8 core industries contracts 5% in Sep, may hurt Q2 GDP growth
Gross domestic product grew by more than a six-year low of 5 per cent in the first quarter
 "Output of 8 core industries contracts 5% in Sep, may hurt Q2 GDP growth")
Economy could grow at over 6% in 2019-20: CEA Krishnamurthy Subramanian
A country like India, at the stage it is in its economic cycle, the key driver is investment, which eventually does affect consumption. And consumption is a force multiplier
 "Economy could grow at over 6% in 2019-20: CEA Krishnamurthy Subramanian")
IMF slashes India's FY20 GDP growth forecast to 6.1% from 7%
As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook projected India's growth rate at 6.1 per cent in 2019
 "IMF slashes India's FY20 GDP growth forecast to 6.1% from 7%")
Real interest rate dynamics: Who can help?
Economists focus on the real rate of interest to guage the impact on growth.
 "Real interest rate dynamics: Who can help?")
Why India badly needs an export boost to reverse its economic slump
Almost all the talk at present is about import substitution and raising tariffs, but a fundamental reason for India's recent slowdown has been its failure to generate export momentum, writes T N Ninan
At 6%, UN body projects 7-year low GDP growth for India in 2019
The UN body also pointed towards challenges in meeting sustainable development goals (SDGs) at a time when private debts are rising globally
 "At 6%, UN body projects 7-year low GDP growth for India in 2019")
Why the Modi govt should pick Friedman over Keynes and cut its expenditure
Taking Friedman's advice can help improve the govt's finances and then it can return to Keynes again
 "Why the Modi govt should pick Friedman over Keynes and cut its expenditure")
After weak GDP numbers, IIP grows 4.3% in July against 1.2% in June
Experts say too early to call it 'industrial recovery'
 "After weak GDP numbers, IIP grows 4.3% in July against 1.2% in June")
Crisil cuts FY20 GDP forecast to 6.3%, says slowdown deeper than suspected
The Crisil note says recent measures taken by govt will at best address some "pain points" apart from supporting the sentiment
 "Crisil cuts FY20 GDP forecast to 6.3%, says slowdown deeper than suspected")
