Page 14 - Latest Updates on Gross Domestic Product (GDP)
Economic slowdown, low GDP growth likely to hurt banks' earnings: Analysts
After the balance sheet clean-up in March 2018 and June 2019 quarters, banking sector, mainly corporate lenders, were expected to see sharp improvement in asset quality and credit cost and earnings
 "Economic slowdown, low GDP growth likely to hurt banks' earnings: Analysts")
Short- and long-term measures needed to spur economic growth: India Inc
India Inc wants the transmission of central bank rate cuts to the consumer to be more effective
 "Short- and long-term measures needed to spur economic growth: India Inc")
GDP slump signals significant slide in investment, consumer demand: Ficci
Expressing 'deep' concerns over sluggishness in the growth momentum, Ficci President Sandip Somany said "the latest GDP growth numbers are below expectations
 "GDP slump signals significant slide in investment, consumer demand: Ficci")
PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders
 "PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank")
Goldman Sachs joins predictions of deeper India rate cuts as slowdown drags
Goldman slashed its growth forecast to 6 per cent for the current fiscal year to March from 6.9 per cent earlier.
 "Goldman Sachs joins predictions of deeper India rate cuts as slowdown drags")
5 per cent GDP growth: Proximate, underlying and theoretical reasons
The ship of the Indian economy is sinking because it is taking water from a hundred holes in its keel. These will take a long time to be fixed
India Ratings cuts FY20 GDP forecast to 6.7% from earlier estimate of 7.3%
It said the rising global trade tension will also have an adverse impact on exports
 "India Ratings cuts FY20 GDP forecast to 6.7% from earlier estimate of 7.3%")
Top 10 biz headlines: PM to take call on stimulus, exports recover & more
From the finance ministry briefing PM Modi about the economic situation to merchandise exports recovering a bit, here are the top business headlines for Thursday
 "Top 10 biz headlines: PM to take call on stimulus, exports recover & more")
India's economic growth was negative more often before 1947 than after
The average growth in the 50 years leading to Independence was 0.06%
 "India's economic growth was negative more often before 1947 than after")
The algebra of state spending
Net tax revenues are expected to surge by 25.3 per cent, non-tax ones by 27.2 per cent & disinvestment by 23.5 per cent
 "The algebra of state spending")
Budget 2019: Fiscally responsible with a reforms thrust, but protectionist
The finance minister's revenue efforts represent a mix of progressive taxation, dipping into the petroleum sector for collecting more taxes and growing protectionism
 "Budget 2019: Fiscally responsible with a reforms thrust, but protectionist")
GDP data under cloud: Govt should know that this is a crisis of credibility
Confidence in India's economy continues to be shaky - and a few more quarters of bad indicators will erode it completely
 "GDP data under cloud: Govt should know that this is a crisis of credibility")
External stress returns
Financing current account deficit becomes a problem
 "External stress returns")
Is sluggishness in investment demand a price we pay for efficiency?
Greater efficiencies in infra sectors and saturation of under-served markets have reduced the need for capital investment; national accounts should capture these in GDP calculations, writes T N Ninan
Growth numbers do not inspire optimism
The spate of data revisions in the quarterly GDP numbers for FY17 and FY18 now reveal a prolonged hiatus in growth since Q1FY17
 "Growth numbers do not inspire optimism")
Good news or bad?
Revised estimates suggest GDP grew at 8.2% during note ban
 "Good news or bad?")
CSO numbers for 2018-19 are rather optimistic, says Pronab Sen
Manufacturing might weaken in the second advance estimates, says former chief statistician Pronab Sen
 "CSO numbers for 2018-19 are rather optimistic, says Pronab Sen")
Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin
It was 5.57 per cent in 2016-17 and 5.47 per cent in 2015-16
 "Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin")
Will focus on improving tax-GDP ratio: Revenue Secy Ajay Bhushan Pandey
Pandey said the government has already undertaken several measures to further simplify the system
 "Will focus on improving tax-GDP ratio: Revenue Secy Ajay Bhushan Pandey")
BJP MPs oppose House panel report seeking review of GDP calculation method
The draft report states that detailed examination reveals several inadequacies in the GDP measuring mechanism
