-The Indian Express Business investment grew by less than 1 per cent, which bodes ill for India's long-term growth. According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), India’s gross domestic product will grow by just 5 per cent in the current financial year (2019-20). Last financial year, 2018-19, the Indian economy grew at 6.8 per cent. The gross value added (GVA), which maps the economic activity...
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Government projects slower GDP growth
-The Hindu 5% estimate in line with RBI forecast. The government expects the country’s gross domestic product (GDP) to grow at a slower pace of 5% for the full year 2019-20, as compared to 6.8% in the previous year, according to the first advance estimates released by the Statistics Ministry on Tuesday. This estimate is in line with projections made by the Reserve Bank of India, which had revised GDP growth downwards to...
More »It's official: GDP rate seen slumping to 5% -Aanchal Magazine
-The Indian Express Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year. WITH A sharp slowdown in manufacturing and construction, and the only major support coming from government expenditure, the Gross Domestic Product (GDP) growth rate is seen slumping to 5.0 per cent, the...
More »Lifting growth, containing inflation -Ashok Gulati
-The Indian Express Reform of grain management system could free up resources for infrastructure investment. With GDP growth rate plummeting to 4.5 per cent and with the agriculture GDP (GDPA) growth at 2.1 per cent in the second quarter of this fiscal year, everyone concerned with the economy is anxious. The question being asked is whether the Indian economy can be put back on the 7-8 per cent growth trajectory and can...
More »MoSPI constitutes Standing Committee on Economic Statistics headed by Pronab Sen
-PTI The first meeting of the SCES is scheduled on January 6, 2020 The statistics ministry has constituted a 28 member Standing Committee on Statistics (SCES) chaired by former Chief Statistician Pronab Sen to improve quality of data amid criticism of the government over political interference. “The first meeting of the SCES is scheduled on January 6, 2020. The agenda would be very broad based. We will come to know about that only...
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