Researchers and academicians have raised doubts about the new methodology employed by the Central Statistics Office(CSO) to estimate India’s gross domestic product(GDP). In 2015,CSO had introduced a new series of National Account Statistics. The new series made several changes to estimate India’s gross domestic product(GDP).In particular,it revised the base year from 2004-05 to 2011-12. However,the… Continue reading Two ways to look at GDP
Tag: GDP
GDP numbers suggest high growth in the medium term: panel
Finance Commission has held discussions with the finance ministry on fiscal and economic management of the country, During the meeting,15th Finance Commission has said that the GDP numbers suggests continued high growth over the medium term even though there have been fluctuations within the overall global trend. Gross domestic product(GDP) is the monetary value of… Continue reading GDP numbers suggest high growth in the medium term: panel
Govt:No impact of NSSO survey on GDP numbers
The ministry of statistics and programme implementation (MOSPI) has clarified that there will not be any impact of National Sample Survey Office (NSSO) report on gross domestic product (GDP) data. This clarification came after NSSO report had found that 36% of the companies in the MCA21 database maintained by the ministry of corporate affairs(MCA) could… Continue reading Govt:No impact of NSSO survey on GDP numbers
China’s GDP grows at 6.4% in Q1,defies expectations slowdown
China’s economy grew at a steady rate of 6.4% in the first quarter.The improvement in growth is due to (a)industrial production jumped sharply and (b)consumer demand showed signs of improvement. China has also enhanced its fiscal stimulus to shore up growth by announcing billions of dollars in additional tax cuts and infrastructure spending. However,the economic… Continue reading China’s GDP grows at 6.4% in Q1,defies expectations slowdown
WB pegs India’s GDP growth at 7.5%
According to World Bank report,India’s GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 19-20.The growth will be driven by (a)investment strengthening (b)improved export performance and (c)resilient consumption. The report said that on the demand side,domestic consumption has remained the primary growth driver but gross fixed capital formation and exports also made… Continue reading WB pegs India’s GDP growth at 7.5%
India will be the third-largest economy by 2030: Jaitley
Finance Minister has said that India is expected to become the third largest economy in the world by 2030 with Gross Domestic Product(GDP) touching USD 10 trillion.The growth will happen due to consumption and investment growth. Currently,the size of the Indian economy is about USD 2.9 trillion.Further, India oscillates between the fifth and the sixth… Continue reading India will be the third-largest economy by 2030: Jaitley
RBI cuts repo rate to 6%, lowers GDP forecast to 7.2%
The six-member Monetary Policy Committee of the Reserve Bank of India has cut its benchmark policy rate,repo rate by 0.25% to 6%.Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI.The rate cut comes in the backdrop of a slowdown in consumption. demand,weakening investment activity and overall… Continue reading RBI cuts repo rate to 6%, lowers GDP forecast to 7.2%
Fitch cuts India GDP growth forecast for FY20 to 6.8%
Global rating agency Fitch has cut its India’s Gross domestic product(GDP) growth forecast to 6.8% for 2019-20 from the earlier estimate of 7%.It was cut due to weak momentum in manufacturing and agriculture.However,it said India’s economic growth is expected to be 7.1% in 2020-21. The weak momentum has been due to (a)credit availability has tightened… Continue reading Fitch cuts India GDP growth forecast for FY20 to 6.8%
China targets 6 to 6.5% in shadow of trade war with U.S
China lowered its economic growth target for the year 2019 to between 6 to 6.5% of Gross Domestic product(GDP). The cuts to the GDP growth target comes in the backdrop of (a)Chinese economy facing pressure from a persistent slowdown (b)Rising trade tensions between US and China and (c)slowing global economy. Chinese Government have announced various… Continue reading China targets 6 to 6.5% in shadow of trade war with U.S
