Tag Archives: GDP

Demonetisation: Economy shaken, GDP hurt, trust in govt undermined

NEW DELHI: While the immediate impact of demonetisation was seen in the long queues outside ATMs and felt through acute cash shortage, its anniversary is an appropriate vantage point to assess the less visible and generalised effect on the economy of what was easily the most disruptive measure post-Independence. The difficulty in making a cost-benefit analysis is that the move was not purely economic, ... Read More »

5.7% GDP growth in Q1 matter of concern, says Arun Jaitley

Finance minster Arun Jaitley on Thursday attributed the lower GDP numbers to pre-GST destocking of goods and expressed hope that the economy will grow at 7 per cent, saying manufacturing has bottomed out. He further said that improvement in the global economy and good monsoon will aid GDP growth in the coming quarters which ought to be better if the country is ... Read More »

Experts Views On GDP Numbers In June Quarter

Mumbai: India’s economy grew a much slower-than-expected 5.7 percent in the three months through June from a year earlier, down from a provisional 6.1 percent in the previous quarter, government data showed on Thursday. Analysts polled by Reuters had forecast annual growth of 6.6 percent in the quarter. COMMENTS: ABHISHEK UPADHYAY, ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP LTD, MUMBAI “The outturn ... Read More »

India’s June Quarter GDP Growth Seen At 6%: HSBC

New Delhi: India’s economic growth is likely to remain “soft” and the GDP is expected to grow by 6 per cent in April-June, down from 6.1 per cent in the preceding quarter, according to a report by global financial services major HSBC. Higher private consumption and government spending is likely to be “dulled” by weak investment and exports growth over ... Read More »

GDP Growth Seen Picking Up To 6.6% In Q1 But GST A Hurdle: Poll

Bengaluru: The country’s economic growth likely accelerated to 6.6 per cent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over the Goods and Services Tax (GST) will dampen activity in coming months. The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 per ... Read More »

GDP Data Today, India To Remain Fastest Growing Economy: 10 Points

India likely remained the fastest growing major economy in the world last quarter. HIGHLIGHTS Lower interest rates have helped support economic growth, say economists Economists predict Indian economy grew 7.1% annually in March quarter Factory and services activity expanded for most of the first quarter of 2 India likely remained the fastest growing major economy in the world last quarter, ... Read More »

‘Boring’ GDP report a byproduct of lackluster US economy

This week, the Bureau of Economic Analysis upgraded its estimate of economic growth for the fourth quarter of 2016 from 1.9 percent to 2.1 percent. Even for economists, it’s hard to get excited about economic reports. But economic growth over the past decade is even more boring than usual. And these latest figures don’t add any pep to the subject. ... Read More »

UK’s current GDP growth rate won’t last, warns business body

“The business as usual” approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. The business body expects GDP to grow by 2.1% this year, up from the 1.8% it forecast just three months ago. But uncertainty over the UK’s EU ... Read More »

Fed’s Williams downplays GDP weakness, sees rate hikes

The Federal Reserve could raise interest rates up to two times before year end, a top Fed official said on Friday as he downplayed data that showed the U.S. economy grew far less than expected in the last quarter. San Francisco Fed President John Williams said the second-quarter gross domestic product reading was weak because of swings in inventories and ... Read More »

Dollar slides on U.S. GDP, Japan bonds fall on BOJ move

Weak U.S. economic growth data knocked down the dollar and yields on U.S. government debt Friday, while Japanese government bond yields rose the most in eight years after investors reacted coolly to the Bank of Japan’s latest effort to boost the economy. The U.S. economy grew far less than expected in the second quarter as inventory investment fell for the ... Read More »