Govt to release first quarter GDP data on Aug 31

Last Updated: Thursday, August 20, 2015, 17:56

The ministry in its statement on May 29, 2015 had said that the June quarter GDP data will be released on August 28.

Moody's lowers India growth forecast to 7% on monsoon concerns

Last Updated: Tuesday, August 18, 2015, 09:23

Saying that India's growth outlook is resilient beyond short-term monsoon effects, Moody's has retained growth forecast for 2016 at 7.5 percent.

Rate cuts, lower oil prices to boost consumption: BofA

Last Updated: Monday, August 17, 2015, 23:03

Bank of America Merill Lynch Monday said it sees a recovery in consumption equivalent to 1 percentage point of India's GDP in the next few months on lending rate cuts, expected hike in salaries by government and savings from lower oil prices.

GST watered down, can still add 0.6% to GDP growth: HSBC

Last Updated: Wednesday, August 12, 2015, 13:30

Terming GST as one of the most promising reforms on anvil, global giant HSBC on Wednesday said the bill has been "watered down" but can still add a "sizeable" 60 basis points to India's GDP growth rate.

GDP numbers not flawed, CSO on right track: NSC

Last Updated: Tuesday, August 11, 2015, 14:10

Clearing the air over the new GDP numbers, National Statistical Commission (NSC) chairman Pronab Sen on Tuesday said that Central Statistics Office (CSO) is following the correct methodology for computing national accounts and is on the right track.

Drought vulnerability a challenge to India ratings: Moody's

Last Updated: Tuesday, August 11, 2015, 11:06

Moody's currently rates India at 'Baa3', the lowest investment grade -- just a notch above 'junk' status.

GDP to grow at 8% in FY16, Sensex at 33,500 by Dec: Nomura

Last Updated: Thursday, August 6, 2015, 21:55

Maintaining a bullish stance on the Indian economy, Japanese brokerage Nomura Thursday projected a 8 percent GDP growth for the current fiscal year while retaining its Sensex target at 33,500 by December.

Economic recovery work in progress: Rajan

Last Updated: Tuesday, August 4, 2015, 13:20

The Reserve Bank on Tuesday retained the growth projection for the current fiscal at 7.6 percent, saying economic recovery is still work in progress though outlook is gradually improving.

India's CAD likely to widen in June quarter: Report

Last Updated: Sunday, August 2, 2015, 13:55

India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0 percent of GDP while for the current financial year, it is likely to remain under control, says a DBS report.

US economy rebounds at mild pace in Q2

Last Updated: Friday, July 31, 2015, 11:19

The US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.

Chinese economy facing some problems but functioning well: Xi

Last Updated: Thursday, July 30, 2015, 20:45

As China's economic growth continued to slowdown sparking concerns at home and abroad, President Xi Jinping has said that the economy is facing "some problems" but functioning well in general.

Japan June factory output subdued, Q2 GDP contraction eyed

Last Updated: Thursday, July 30, 2015, 10:08

Japan`s factory output rose modestly in June after a big drop in the prior month, highlighting worries of a second-quarter economic slump as exports weaken and manufacturers are saddled with large inventories.