GDP seen dropping to 5% in 2019-20: Govt data
Wednesday, January 8, 2020, 8:23 AM
The Indian economy is estimated to grow at 5% in 2019-20 as against 6.8% in the previous fiscal, according to government data. The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2% in 2019-20 from 6.2% in the year-ago fiscal, as per the first advanced estimates of the national income released by NSO.
Govt likely to cut spending by Rs 2 lakh crore in current fiscal: Report
Wednesday, January 8, 2020, 8:20 AM
India's government is likely to cut spending for the current fiscal year by as much as Rs 2 lakh-crore as it faces one of the biggest tax shortfalls in recent years, three government sources said. Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.
India predicts slower 5% growth, likely prompting budget stimulus
Tuesday, January 7, 2020, 8:22 PM
India forecast 5% growth for the current financial year, the slowest pace in 11-years, which will likely prompt the finance minister to opt for extra fiscal stimulus when she presents the annual budget next month. Finance Minister Nirmala Sitharaman last week unveiled a plan to invest 102-trillion-rupees in infrastructure over the next five-years in a bid to make India a $5 trillion-economy by 2025.
GDP India Economy US Major News Emerging Market Countries National Government Debt TAXATION Government Finances Economic Output Economic Indicators Sovereign Wealth Funds Government Borrowing Requirement Asia Pacific Debt Fixed Income Markets Government Politics Banks TRBC Financials TRBC Financials Legacy Central Banks Central Bank Events Economic News 3rd Party Banking Services Legacy Automobiles Auto Parts Legacy Automobiles And Auto Parts TRBC Monetary Fiscal Policy Policy Makers Interest Rates Policy