Indian GDP News

The number of trading accounts held by domestic investors reached 16.7 crore, underscoring increased market participation.

Modi left for Egypt on Saturday after concluding his US State visit during which he held talks with President Joe Biden and addressed the Joint Session of Congress. 

The Asia's third-largest economy recorded year-on-year growth of 4.4 per cent in October-December, down from 11.2 per cent a year back and 6.3 per cent in the preceding quarter.

Indian YouTubers are contributing an estimated Rs 6,800 crore to country's GDP annually. Moreover, it is creating 7 lakh jobs in the process: Neal Mohan, YouTube Chief Product Officer. He said that the onus lies on key stakeholders, governments and YouTube to ensure that the platform is not used to spread misinformation.

India will be the pillar of the global economic revival: Union Minister Piyush Goyal. Goyal said the government has taken several structural reforms, and more are in the pipeline. Goyal cited McKinsey & Co CEO Bob Sternfels comment - 'it's not India's decade, it's India's century'.

Fiscal and monetary policy could boost India's recovery prospects GDP grew 0.4 per cent in October-December compared with the same period a year earlier RBI has projected growth of 10.5 per cent in the fiscal year that starts in April.

India's gross domestic product (GDP) is expected to register a growth of just 5% in the financial year 2019-20, according to a World Bank report. While the projection for the current financial year is not very good, the report titled January 2020 Global Economic Prospects also states that India's GDP will grow at 5.8% in the next financial year 2020-21.

Watch in today's DNA with Sudhir Chaudhary: Indian Economy in the 'ICU'. #DNA #SudhirChaudhary

Economy's big blow to Modi government, GDP growth falls to 4.5%. Watch this video to know more.

The World Bank report does refer to both demonetisation and GST as crisis but states the worst is over.

India's ranking on the World Bank's 2018 Ease of Doing Business index improved significantly to 100/190 countries - a 30 notch jump from its previous position.

Other factors include normalisation of gold imports and fading GST-related disruptions that are pushing exports to catch up with the global cycle.

The data revealed that total expenditure during the April-September period was Rs 11.49 lakh crore, or at 53.5 per cent of the entire fiscal`s estimate. 

"India has accepted a public debt anchor at 60 per cent of GDP. We think that is appropriate. And that's something that will help India establish its public debt as a safe asset," he said.

Chief Economic Advisor Arvind Subramanian has been tasked with preparing details of the pressure points facing the economy and the probable remedies.

On demonetisation, he said adequate preparation by the central bank could have reduced the pain which people had to undergo on account of ban on high value notes last November.

Bank of America Merill Lynch (BofAML) said the GDP growth is "about 5 per cent", which is much below the 7 per cent potential under the old series of computation. It also cut its GVA growth forecast to 6.9 per cent from the earlier 7.2 per cent.

The foreign direct investments (FDI) into India have nearly doubled over the past decade to USD 42 billion, which was 1.9 per cent of GDP in 2016-17.

Farm loan waiver has been presumed to be inflationary. But the short-term consequences are likely to be "quite deflationary", it said.

China’s state-controlled media has said that India remained a potential emerging market that has high attractiveness for global capital.