Reforms over the past year have created disruption in India’s GDP numbers, but the medium term potential looks bullish, and considering the growth trend, it could become the world’s third-largest economy in the next decade, says an HSBC report. According to the global financial services major, al…
Tag: GDP
The rising tide of cash flow-based loans
In the dusty bylanes of Bengaluru, a quiet transformation is happening that has been missed by banks on the main street. In a rapidly urbanizing city, villages have found themselves encircled by urban sprawl. Houses are tightly packed next to each other
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Easy SME loans, disinvestment can dig economy out of the slump: Arvind Subramanian
New Delhi: Putting more money into the hands of consumers this festive season, easier loans to SMEs and expediting disinvestment are among the steps being considered as part of a stimulus package to dig the economy out of its deepest slump in three years, according to officials. Also on the …
Suresh Prabhu to hold meeting with industry bodies on Sept 26, discuss ways to boost growth
Commerce and Industry Minister Suresh Prabhu will hold a meeting with industry bodies on September 26 to discuss issues pertaining to industrial growth and the interventions required to resolve them, a government official said. Chief Economic Adviser Arvind Subramanian, financial advisers of all …
Demonetisation & GST hit informal sector; GDP lowers to 6.7% from last fiscal
The recent report indicated that manufacturing slowed ahead of the GST launch amid demonetisation effect which contributed to the lower growth of the economy.
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‘Bengal saw highest number of GST registrations in India’
At 77 per cent, West Bengal topped the list of states with new registrations under the Goods and Services Tax regime, an official said on September 8. “The national average is 23 per cent,” Arvind Singh, the new Principal Commissioner, GST and CX, Eastern…
Businessmen talk positive in public, but not putting their money on ground, says Rajan
Rajan, former RBI governor, on September 7 identified a pick-up in private investment as an important requirement to improve health of the economy Speaking at the launch of his book, he said more than positive statements about the economy that Indian entrepreneurs make, what matters is …
Crisil lowers GDP forecast to 7% in FY18 on GST hiccups
Mumbai: Domestic rating agency Crisil today lowered its growth forecast to 7 per cent for fiscal 2018, down from 7.4 per cent earlier, as it sees disruptions arising from the implementation of the new uniform tax regimeto continue to impact the economy for a few more quarters. …
Cabinet Reshuffle | Suresh Prabhu eyes Startup India, ease of doing biz & more as new Industry Min
Suresh Prabhu takes charge as Commerce & Industry Minister after exiting Railways Ministry; Comes in place of Nirmala Sitharaman who has been elevated as Defence Minister
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Economic activity pickup expected in Q2: FICCI President Pankaj Patel
“We are confident that GST effect on GDP growth will wane off in coming months; Turnaround in domestic private investments is critical to push growth and employment generation”
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