US economy contracted 0.7% in first quarter

Last Updated: Friday, May 29, 2015, 19:02

The US economy contracted at an annual rate of 0.7 percent in the first quarter of this year, the Commerce Department said Friday in a revised GDP estimate.

GDP in FY15 may have grown lower at 7.3% than Central estimate

Last Updated: Wednesday, May 27, 2015, 20:33

Rating agency India Ratings and Research on Wednesday said the country's GDP may have grown at 7.3 percent in FY 2014-15 which is slightly lower than Centre's estimate of 7.4 percent.

Wheat output may decline by 4% in 2014-15 on unseasonal rains

Last Updated: Wednesday, May 13, 2015, 14:51

Wheat production may fall by 4 percent during the 2014-15 crop year from record 95.85 million tonnes in the previous year as the crop was affected due to the recent unseasonal rains and hailstorms.

Gross tax mop down Rs 41K cr over 2012-13 Budget Estimate

Last Updated: Tuesday, September 10, 2013, 15:19

The gross tax collections fell short of the budget estimates of Rs 10.77 lakh crore by Rs 40,893 crore in the last fiscal due to economic slowdown.

Foodgrain output revised upward by 2% to 255.36 million tonnes

Last Updated: Friday, May 3, 2013, 17:58

The foodgrain output for 2012-13 crop year (July-June) was projected at 250.14 million tonne in the second advance estimates released in February.

India's per capita income rises to Rs 5,729 per month

Last Updated: Thursday, February 7, 2013, 20:06

India's per capita income, a gauge for measuring living standard, is estimated to have gone up 11.7 percent to Rs 5,729 per month in 2012-13 at current prices, compared with Rs 5,130 in the previous fiscal.

CSO ignored rising trend in economy for FY13 estimates: Montek

Last Updated: Thursday, February 7, 2013, 18:52

Questioning the methodology of CSO in computing economic growth projections, the Planning Commission on Thursday said it has ignored the rising growth trend while working out estimates for 2012-13.

India Inc confidence down in Oct-Dec: CII

Last Updated: Sunday, January 6, 2013, 11:37

According to CII's quarterly Business Outlook Survey, the Business Confidence Index (BCI) for October-December declined to 49.9 from 51.3 in the previous quarter (July-September).

GDP growth may be below 6% next fiscal: CII survey

Last Updated: Sunday, November 11, 2012, 13:23

The country's economic growth is expected to be less than 6 percent in the next fiscal due to slowdown in western markets like US and Europe, a survey has said.

8% GDP growth not easy, but not impossible: PM

Last Updated: Friday, October 19, 2012, 21:43

Citing uncertainty in global economic scenario, Prime Minister Manmohan Singh Friday said the government's endeavour to achieve 8 percent annual growth will not be an easy task, even though it is not unattainable.

GDP growth to remain weak over next 2 quarters: Morgan Stanley

Last Updated: Monday, October 15, 2012, 19:14

Showing signs of turnaround, industrial production grew by 2.7 percent in August, reversing the trend of contraction witnessed during the previous two months.

Now Citi, CLSA trim India's growth to 5.4%

Last Updated: Wednesday, August 8, 2012, 16:58

The report, authored by Citi India chief economist Rohini Malkani, further said if the drought conditions worsen, growth may slip further to 4.9 percent.