India's GDP had recorded 7.5 per cent growth in the April-June quarter of last fiscal.
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
The President said that for rapid creation of jobs in the manufacturing sector, the government will strategically promote labour-intensive manufacturing.
Jaitley promised higher investment in roads and railways.
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
The Modi administration has been unable to initiate key reforms.
Each dept could handle a designated area.
The UK voted to leave the European Union after 43 years.
On issues like the extradition of tycoon Vijay Mallya, which was already proceeding slowly, further delays should be expected, says Aditi Phadnis.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Its worldwide gross is already a staggering Rs 1,250 crores.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
The chief statistician feels there should be a rebound after companies integrate and adopt the GST system
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
India's economy grew at 7.6 per cent in 2015-16.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
JPMorgan, Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley, as well as Britain's Asia-focused Standard Chartered said they would try to support London's financial sector
FM Arun Jaitley says I-T dept's capacity to access information and apply technology driven analytical tools to expose evasion has been enhanced
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
There are a few factors that can spoil the party
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
'I expect fourth quarter GDP growth to be sharply down.' 'I would imagine it would shave off at least one percentage point, if not more, as compared to the third quarter.'
This is mainly due to GST impact on manufacturing and subdued farm output.
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
Piyush Goyal's comments about Amazon founder Jeff Bezos's investment in India reveals an inability to understand how businesses function, says Kanika Datta.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
If new goals have emerged, this is the time to make fresh investments.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
Stock markets in structural bull run but there can be bouts of volatility says Ravi Gopalakrishnan, head, equities, Canara Robeco Mutual Fund
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.
Sensex up just 6.5% while the best returns were during Manmohan Singh, with the Sensex soaring nearly 167.5%.
In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. These stocks account for 94 per cent of India's total market capitalisation.
IT sector has lots of hope from the Union Budget 2014-15.
Ahead of the G-20 summit in Osaka this week, Xi has reasserted China's role as a global player, points out Dr Rajaram Panda.
