In consonance with the projected fall in GDP growth to 4.4 per cent during 2002-03, the national income and the per capita income are also estimated to fall to 4.2 per cent and 2.4 per cent respectively during the current fiscal.
India has revised its gross domestic product growth estimate for 2001-02 to 5.6 per cent from an earlier estimate of 5.4 per cent.\n\n\n\n
The industrial growth was pegged at 6.9 per cent during 2003-04 as against 5.7 per cent in 2002-03, according to estimates released by the Central Statistical Organisation.
The cost of not vaccinating the entire population quickly will be far higher than bearing the entire cost of vaccination, points out Prosenjit Datta.
Aided by a turnaround of the agriculture sector, the country's GDP growth shot up to 10.4 per cent during the third quarter of the current financial year as against 8.4 per cent growth registered during the second quarter of 2003-04.
The economy is poised to grow by 8.1 per cent this fiscal powered by a 9.1 per cent rise in farm output, according to the advanced estimates of Central Statistical Organisation.
India's economic growth rate in the January-March quarter is likely to slip to 7.2 per cent q-o-q.
India's growth rate is not UPA/NDA issue, Arun Jaitley said.
He cautioned however that these are the early signs and one should not start celebrating.
Meanwhile, IIP for June was revised upwards to a decline of 1.78 per cent from a provisional 2.2 per cent dip in production. It contracted by 2.8 per cent in May this year.
The government hopes of registering GDP growth rate ranging between 6.1-6.7 per cent in 2013-14.
India Inc said policymakers should take doable steps to revive fixed investments and production of capital goods
Impact of lack of significant investments in the last 4-5 years; inability of private sector to put in fresh capital with availing of loans becoming an issue due to rising NPAs of banks, along with demonetisation were mainly responsible for dampening growth, he said.
If the real economy is indeed looking up, then it no longer needs hand-holding and fiscal laxity
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
Changes the base year and included more sectors.
The 24 hours walk is just the beginning of a moment to save the girl child. Dr Rajesh Shah has many things planned but for now his energies are focused on this 24-hours walk.
The recent release of the updated index for comparing the value of currencies across countries - generally known as purchasing power parity, or PPP - will have far-reaching implications.
Factory output measured in terms of the Index of Industrial Production had contracted 2 per cent in June last year, as per the data released by the Central Statistical Organisation.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
The most serious recommendations to change the financial year came in the years preceded by deficient rainfall. The Jha committee was formed after droughts in 1979-80 and 1982-83, reports Rishika Pardikar/IndiaSpend.
Seeking to dispel the perception of gloom and pessimism, Finance Minister P Chidambaram on asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.
The Economic Survey called for improving business environment.
Maybe the new methods of measuring GDP helped us get an accurate picture.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
'...because the party is based on the Constitution.'
Mr Modi must now work to win over the governor as a friend and learn to influence people credibly.
The greatest disconnect lies in the estimates of industrial growth.
This is a terrible situation for a growing economy to be in, and the central bank would be expected to act to correct the situation.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Stock prices is due to valuation expansion
Macro data have little connect with indicators on the ground.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
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