-PTI The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year. Washington: The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The growth rate for Bangladesh has been projected to remain above seven per cent through the forecast horizon...
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Explained: Why even the government expects India's GDP to grow at 5% this year -Udit Misra
-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...
More »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 »Hope and anxiety among liberalization's children -Vivan Marwaha
-Livemint.com * An open economy spurred growth and created a generation of aspirational millennials, but provided few avenues to follow these dreams * The cruelty of their situation is exacerbated by the fact that as a whole, millennials are better educated than previous generations Whenever I discuss my research on Indian millennials, most people assume that I’m talking about the social-media addicted youth they see in Delhi or Mumbai, glued to their smartphones...
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