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GDP growth

Nomura lowers India’s GDP growth to 7.7% for FY17

Nomura today marked down India’s GDP growth forecast marginally to 7.7 per cent for the current fiscal, from 7.8 per cent earlier, saying there is still no sign of an export or private capex turnaround.
GDP up 7.9% in Q4, cements fastest major economy status

The economy grew an impressive 7.9% in the March quarter, driving up the annual expansion in 2015-16 to 7.6%, official data released on Tuesday showed.
India caught in two-speed growth

A broad-based economic recovery will be contingent on a sustained pick-up in private investment cycle
India Inc lauds 7.6% GDP growth; wants more in current fiscal

After an impressive 7.6 per cent GDP growth in 2015-16, industry today said the economy should expand at even a faster pace in the current fiscal on various reform measures and on expectations for a good monsoon.
India’s Q4 GDP growth robust at 7.9%, but Narendra Modi government should not rejoice yet: Experts

India’s Q4 GDP has grown at a stellar 7.9% versus 7.2% in Q3 of FY16, but experts are of the opinion that it is still early for the Narendra Modi government to rejoice.
$1 trillion extra GDP by 2020 – If all Indians get online

Four of five Indians could afford the internet if data costs fell by 66 percent, according to a Facebook-commissioned report on Internet access.
FY18 fiscal deficit target may be set at 3-3.5% than 3%: BofA-ML

Government’s fiscal deficit target for next fiscal could be changed to a ‘range’ and set at 3-3.5 per cent of the GDP, rather than 3 per cent, says a Bank of America Merrill Lynch (BofA-ML) report.
Moody’s sees India growing at 7.5% in 2016, 2017

Moody’s Investors Service said the prevailing low headline inflation is expected to continue aided by a good monsoon, allowing RBI to sustain its current accommodative stance.
CAD to widen to 1.6 pct of GDP in 2016-17 on demand push: Nomura

India’s current account deficit is likely to widen to 1.6 per cent of GDP this fiscal, driven by pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.
Manufacturing sector likely to slow down in April-June quarter: Ficci

Growth of India’s manufacturing sector may decelerate during June quarter due to factors like bleak export outlook, poor demand and high cost of borrowing, a Ficci survey has said.
Indian economy projected to grow 7.3 pc in 2016: UN report

UN report said India’s economy is slowly gaining momentum, with an expected GDP growth of 7.3 and 7.5 per cent in 2016 and 2017, respectively.
Consumption up, investment down in Asia: BofA-ML

Emerging Asia, including India, is likely to see growth in consumption rather than in investment, says a BofA-ML report.
India to clock GDP growth of 7.4 pct in FY17: HSBC

India’s GDP is likely to “auto correct”, and the headline growth of the country in this fiscal is expected to remain flat at 7.4 per cent, says an HSBC report.
India has a potential GDP growth rate of 6-7%: Goldman Sachs

Goldman Sachs said that the aggregate top line GDP growth is strong and basically driven by very favourable demographics and low per capita income which allows more rapid growth
Indian economy growing fastest, Jaitley on Rajan’s remarks

“Compared to the rest of the world we are growing much faster, in fact the fastest. Compared to our own potential, we can do better,” Jaitley said.

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