The non-oil, non-finance sector of the economy is under severe stress.
The positive numbers raises hopes of recovery.
India's GDP is poised to accelerate to 5.5 per cent in 2014-15 on the back of improved performance in industry and services but it may take some time for the country to reach its potential growth rate, says an Asian Development Bank (ADB) report.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
CPI inflation will remain below the target of 6 per cent set for January 2016.
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
A recent data released by the Central Statistics Office (CSO) confirm that both the manufacturing and mining sectors shrunk in 2013-14 with fall in output.
India's GDP had recorded 7.5 per cent growth in the April-June quarter of last fiscal.
Industrial production growth slowed down to five-month low of 0.4 per cent in August mainly due contraction in manufacturing output and lower offtake of consumer goods.
The National Council of Applied Economic Research (NCAER) on Thursday lowered the GDP projection for the current fiscal to 4.7-4.9 per cent due to exchange rate depreciation.
The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly. Abhishek Waghmare explains how that is done.
Changes the base year and included more sectors.
The global rating agency expects the economy to pick up in the next two financial years.
The manufacturing sector, which accounts for over 75 per cent of the index, declined by 2.4 per cent against a growth of 4.1 per cent in December 2014.
For 2017-18 and 2018-19, investors are better off focusing on the quality of measures announced in the Budget and outside it rather than on the Budget numbers themselves, says T T Ram Mohan.
Less than 50 per cent respondents admit that their company has sufficient security controls, says PricewaterhouseCoopers.
It's a clear signal that Indian economy is not out of woods.
Industrial production expanded a provisional 3.4 per cent year-on-year in June.
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
The high new GDP numbers are puzzling.
If GDP growth in Q2FY18 remains below 7%, the outlook for Samvat 2074 would remain uncertain at best, says Nitin Desai.
Credit rating agency Crisil observed in its report that some 'high frequency indicators go out of whack' as credit growth and service tax collections are not in tune with the CSO's growth projections.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
FY17 GDP growth faces cash crunch heat
From linking innovation with supply of inputs to providing contract farming, the private sector can help agriculture move to the next stage of development.
The mining sector grew by 4.3 per cent in June as against a dip of 4.6 per a year ago.
It is too late in the government's term for it to pull its usual trick of blaming the last guys.
RBI had previously cut repo rate by 0.25% each in January and March.
Rishad joined the company in June 2007.
India's near-term growth has improved: IMF
Maybe the new methods of measuring GDP helped us get an accurate picture.
Agriculture, which accounts for 14% of GDP grew at 3.2% in the quarter
Manufacturing sector grows at 3.5%; agriculture sector at 3.8%
If oil prices rise, the government would face an uncomfortable political decision.
This was even as the country's economy grew by 7.3%.
Sensex eneded lower on poor perfromance by financials and IT stocks.
'While GST and demonetisation are likely to cause disruption for longer than the market currently expects, they can have meaningful positive impact over the medium-term.'
'Amartya Sen is a citizen of the country who has every right to criticise or give his opinion on a policy decision.' 'Get back at him! Why get back at Harvard?'
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