Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | New GDP Numbers Make Jaitley Happy -Lola Nayar    </title>
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7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. 


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7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. 


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                            <div align="justify">-Outlook</div><p align="justify"><em>7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. </em></p><p align="justify">&nbsp;</p><p align="justify">Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year) adopted by India in conformity with the international norms, is good news for the NDA government which is set to present its first full budget on February 28.</p><p align="justify">At the current prices, India is expected to record 11.5 percent growth in the 2014-15 fiscal as against 13.7 percent in the previous fiscal, chief statistician Dr Ashish Kumar stated pointing out that the advance estimates are being released earlier this year as they are important for the budget making exercise and for fixing targets.</p><p align="justify">Refusing to draw parallels with China to state the India is emerging as the fastest growing economy, Dr Kumar states that it would be an unfair comparison considering China's economy is several fold bigger than India.</p><p align="justify">&quot;The size of China's economy is three to four times bigger. It will take India 20-30 years to catch up with China,&quot; he stated at a press briefing. </p><p align="justify">Besides, shifting the base year to 2011-12 from 2004-05 earlier, India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes.</p><p align="justify">After the upwardly revised 8.2 percent growth at constant price in the second quarter, India's growth slipped to 7.5 percent in the third quarter. At constant prices, CSO has also upwardly revised first quarter growth to 6.5 percent. </p><p align="justify">Erratic monsoon during 2014 summer has had its impact with the agriculture, forestry and fishing sector expected to show a slower growth of 1.1 percent in terms of GAV at basic constant prices as against 3.7 percent in the previous fiscal, the new Central Statistical Office (CSO) data shows.</p><p align="justify">Industry wise the mining and quarrying; construction and manufacturing' is estimated to grow 2.3 percent, 4.5 percent and 6.8 percent, respectively. </p><p align="justify">Financial services sector is expected to grow at 13.7 percent with the overall services sector slated to grow at 10.6 percent.</p><p align="justify">&quot;The new data shows that recovery is happening and it being reflected in the stock market,&quot; says NR Bhanumurthy of National Institute of Public Finance and Policy.</p><p align="justify">&quot;The better numbers reflect that the basic concept is more robust.&quot;</p><p align="justify">The corporate may or may not rejoice at the new numbers as while it reflects that growth is on course, the high numbers could ease the pressure on the Central Bank to further lower the interest rates.</p>                                                           
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    <br><a href="http://www.outlookindia.com/article/New-GDP-Numbers-Make-Jaitley-Happy/293341" class="re" target="_blank">Outlook, 9 February, 2015, http://www.outlookindia.com/article/New-GDP-Numbers-Make-Jaitley-Happy/293341</a><div class="clear"></div>
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    <h1 class="cat-box-title">New GDP Numbers Make Jaitley Happy -Lola Nayar</h1>
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                            <div align="justify">-Outlook</div><p align="justify"><em>7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. </em></p><p align="justify">&nbsp;</p><p align="justify">Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year) adopted by India in conformity with the international norms, is good news for the NDA government which is set to present its first full budget on February 28.</p><p align="justify">At the current prices, India is expected to record 11.5 percent growth in the 2014-15 fiscal as against 13.7 percent in the previous fiscal, chief statistician Dr Ashish Kumar stated pointing out that the advance estimates are being released earlier this year as they are important for the budget making exercise and for fixing targets.</p><p align="justify">Refusing to draw parallels with China to state the India is emerging as the fastest growing economy, Dr Kumar states that it would be an unfair comparison considering China's economy is several fold bigger than India.</p><p align="justify">&quot;The size of China's economy is three to four times bigger. It will take India 20-30 years to catch up with China,&quot; he stated at a press briefing. </p><p align="justify">Besides, shifting the base year to 2011-12 from 2004-05 earlier, India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes.</p><p align="justify">After the upwardly revised 8.2 percent growth at constant price in the second quarter, India's growth slipped to 7.5 percent in the third quarter. At constant prices, CSO has also upwardly revised first quarter growth to 6.5 percent. </p><p align="justify">Erratic monsoon during 2014 summer has had its impact with the agriculture, forestry and fishing sector expected to show a slower growth of 1.1 percent in terms of GAV at basic constant prices as against 3.7 percent in the previous fiscal, the new Central Statistical Office (CSO) data shows.</p><p align="justify">Industry wise the mining and quarrying; construction and manufacturing' is estimated to grow 2.3 percent, 4.5 percent and 6.8 percent, respectively. </p><p align="justify">Financial services sector is expected to grow at 13.7 percent with the overall services sector slated to grow at 10.6 percent.</p><p align="justify">&quot;The new data shows that recovery is happening and it being reflected in the stock market,&quot; says NR Bhanumurthy of National Institute of Public Finance and Policy.</p><p align="justify">&quot;The better numbers reflect that the basic concept is more robust.&quot;</p><p align="justify">The corporate may or may not rejoice at the new numbers as while it reflects that growth is on course, the high numbers could ease the pressure on the Central Bank to further lower the interest rates.</p>                                                           
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    <br><a href="http://www.outlookindia.com/article/New-GDP-Numbers-Make-Jaitley-Happy/293341" class="re" target="_blank">Outlook, 9 February, 2015, http://www.outlookindia.com/article/New-GDP-Numbers-Make-Jaitley-Happy/293341</a><div class="clear"></div>
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        LATEST NEWS UPDATES | New GDP Numbers Make Jaitley Happy -Lola Nayar    </title>
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7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. 


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Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March..."/>
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7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. 


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    <h1 class="cat-box-title">New GDP Numbers Make Jaitley Happy -Lola Nayar</h1>
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                            <div align="justify">-Outlook</div><p align="justify"><em>7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. </em></p><p align="justify">&nbsp;</p><p align="justify">Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year) adopted by India in conformity with the international norms, is good news for the NDA government which is set to present its first full budget on February 28.</p><p align="justify">At the current prices, India is expected to record 11.5 percent growth in the 2014-15 fiscal as against 13.7 percent in the previous fiscal, chief statistician Dr Ashish Kumar stated pointing out that the advance estimates are being released earlier this year as they are important for the budget making exercise and for fixing targets.</p><p align="justify">Refusing to draw parallels with China to state the India is emerging as the fastest growing economy, Dr Kumar states that it would be an unfair comparison considering China's economy is several fold bigger than India.</p><p align="justify">&quot;The size of China's economy is three to four times bigger. It will take India 20-30 years to catch up with China,&quot; he stated at a press briefing. </p><p align="justify">Besides, shifting the base year to 2011-12 from 2004-05 earlier, India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes.</p><p align="justify">After the upwardly revised 8.2 percent growth at constant price in the second quarter, India's growth slipped to 7.5 percent in the third quarter. At constant prices, CSO has also upwardly revised first quarter growth to 6.5 percent. </p><p align="justify">Erratic monsoon during 2014 summer has had its impact with the agriculture, forestry and fishing sector expected to show a slower growth of 1.1 percent in terms of GAV at basic constant prices as against 3.7 percent in the previous fiscal, the new Central Statistical Office (CSO) data shows.</p><p align="justify">Industry wise the mining and quarrying; construction and manufacturing' is estimated to grow 2.3 percent, 4.5 percent and 6.8 percent, respectively. </p><p align="justify">Financial services sector is expected to grow at 13.7 percent with the overall services sector slated to grow at 10.6 percent.</p><p align="justify">&quot;The new data shows that recovery is happening and it being reflected in the stock market,&quot; says NR Bhanumurthy of National Institute of Public Finance and Policy.</p><p align="justify">&quot;The better numbers reflect that the basic concept is more robust.&quot;</p><p align="justify">The corporate may or may not rejoice at the new numbers as while it reflects that growth is on course, the high numbers could ease the pressure on the Central Bank to further lower the interest rates.</p>                                                           
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    <br><a href="http://www.outlookindia.com/article/New-GDP-Numbers-Make-Jaitley-Happy/293341" class="re" target="_blank">Outlook, 9 February, 2015, http://www.outlookindia.com/article/New-GDP-Numbers-Make-Jaitley-Happy/293341</a><div class="clear"></div>
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Home हिन्दी

New GDP Numbers Make Jaitley Happy -Lola Nayar

Published on Feb 11, 2015   Modified on Feb 11, 2015

-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now.   Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year) adopted by India in conformity with the international norms, is good news for the NDA government which is set to present its first full budget on February 28. At the current prices, India is expected to record 11.5 percent growth in the 2014-15 fiscal as against 13.7 percent in the previous fiscal, chief statistician Dr Ashish Kumar stated pointing out that the advance estimates are being released earlier this year as they are important for the budget making exercise and for fixing targets. Refusing to draw parallels with China to state the India is emerging as the fastest growing economy, Dr Kumar states that it would be an unfair comparison considering China's economy is several fold bigger than India. "The size of China's economy is three to four times bigger. It will take India 20-30 years to catch up with China," he stated at a press briefing. Besides, shifting the base year to 2011-12 from 2004-05 earlier, India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes. After the upwardly revised 8.2 percent growth at constant price in the second quarter, India's growth slipped to 7.5 percent in the third quarter. At constant prices, CSO has also upwardly revised first quarter growth to 6.5 percent. Erratic monsoon during 2014 summer has had its impact with the agriculture, forestry and fishing sector expected to show a slower growth of 1.1 percent in terms of GAV at basic constant prices as against 3.7 percent in the previous fiscal, the new Central Statistical Office (CSO) data shows. Industry wise the mining and quarrying; construction and manufacturing' is estimated to grow 2.3 percent, 4.5 percent and 6.8 percent, respectively. Financial services sector is expected to grow at 13.7 percent with the overall services sector slated to grow at 10.6 percent. "The new data shows that recovery is happening and it being reflected in the stock market," says NR Bhanumurthy of National Institute of Public Finance and Policy. "The better numbers reflect that the basic concept is more robust." The corporate may or may not rejoice at the new numbers as while it reflects that growth is on course, the high numbers could ease the pressure on the Central Bank to further lower the interest rates.

Outlook, 9 February, 2015, http://www.outlookindia.com/article/New-GDP-Numbers-Make-Jaitley-Happy/293341

Tagged with: Economic Development Economic Growth GDP GDP growth GDP growth rate

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