Tamil Nadu now has India's lowest fertility rate - lower than Australia, Finland and Belgium - second best infant mortality and maternal mortality rate; records among the lowest crime rates against women and children; and has more factories and provides more industrial employment than any other Indian state.
Data released earlier by CAG shows capital expenditure by the Centre had contracted 9.2 per cent in Q2
RBI projects GDP growth in FY16 at 7.8 per cent, 30 bps higher than FY15. However, this comes with a downward bias.
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.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
There appears to be a growing perception among the political class that faster growth will not create jobs fast enough and, therefore, welfare spending needs to be drastically increased, says T T Ram Mohan.
The new numbers show India's economic growth rate averaged 6.7 per cent during the Congress-led United Progressive Alliance regime as compared to 7.3 per cent under the present government. Previous numbers had put the average growth rate during the 10-year UPA rule at 7.75 per cent.
For example, railways, roads and highways, and shipping could form a section within the Budget as an omnibus transport sector
The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.
India's GDP had recorded 7.5 per cent growth in the April-June quarter of last fiscal.
India's annual industrial output grew at a slower-than-expected pace of 3.6 percent in September.
The global rating agency expects the economy to pick up in the next two financial years.
A freely convertible country must have sound macroeconomic policies.
India's growth slowed in three months through December from a revised 7.4% expansion in the previous quarter, but it was much stronger than expected.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
Experts say it will now be tough for the Modi government to catch up with the UPA's economic record owing to the shock induced by the currency demonetisation.
The previous high GDP growth of 8.1 per cent was recorded in April-June quarter of 2016-17.
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
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.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
The new numbers clearly had very different implications.
India on track to be third largest consumer economy by 2025.
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
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.
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
The panel finds 'discrepancy' in the Annual Survey of Industries data.
Industrial production expanded a provisional 3.4 per cent year-on-year in June.
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.
Only power generation grew faster in 2014 than in earlier years.
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.
The Economic Survey was tabled in the Parliament on Friday.
Improved performance of manufacturing, services and trade sectors helped boost GDP
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 economy may not improve unless you admit there are some problems.'
The mining sector grew by 4.3 per cent in June as against a dip of 4.6 per a year ago.
FY17 GDP growth faces cash crunch heat
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
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