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Global slowdown trajectory remains unpredictable but India to decouple, say RBI officials

February 17, 2023February 17, 2023cpooldigitalLeave a Comment

Deputy Governor Michael D. Patra Even though the global slowdown in 2023 may be milder than anticipated earlier, the trajectory still remains unpredictable, Reserve Bank of India (RBI) officials observed in a bulletin article on the ‘State of the Economy’, adding, however, that India’s economy would likely decouple from the rest of the world. In […]

Govt. in denial of internal factors affecting economy: Chidambaram

December 1, 2022December 1, 2022cpooldigitalLeave a Comment

Former Finance Minister P. Chidambaram. File | Photo Credit: Karunakaran M. Former Finance Minister P. Chidambaram has panned the government claiming it is living in denial about the internal factors responsible for the economic downslide in the context of the latest Gross Domestic Product (GDP) numbers for the second quarter of this financial year. In […]

Manufacturing shrinks, slowing Q2 GDP growth to 6.3%

November 30, 2022November 30, 2022cpooldigitalLeave a Comment

Image for representation purpose only. | Photo Credit: Reuters Manufacturing and mining output contracted year-on-year in the July-September quarter, dragging Gross Value Added growth to a slower-than-expected 5.6%, which together with high inflation and weak exports combined to slow overall Gross Domestic Product (GDP) growth to a 6.3% pace, as per estimates released by the […]

Bright growth prospects driving high imports, financing them a top priority: Finance Ministry

September 17, 2022September 17, 2022cpooldigitalLeave a Comment

Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry India’s growth has been robust and inflation in control, even as the world’s major economies are afflicted by slowing […]

Q4 GDP growth decelerates to 4.1%

May 31, 2022May 31, 2022cpooldigitalLeave a Comment

India’s gross domestic product (GDP) growth slowed to a four-quarter low of 4.1% during the January-March period, from 5.4% in the preceding quarter, as manufacturing output shrank, provisional national income estimates released on Tuesday show. As a result, full-year growth came in at 8.7% — a tad lower than the 8.9% pace projected in February. […]

SBI expects GDP growth to dive below 3% in Q4, 2021-22

May 26, 2022May 26, 2022cpooldigitalLeave a Comment

India’s GDP growth in the fourth quarter (Q4) of 2021-22 could be as low as 2.5% to 2.9%, State Bank of India (SBI) economists have estimated, almost half the 4.8% growth projected earlier by the National Statistical Office (NSO), which will release the official data on May 31. While the NSO’s previous estimate had pegged […]

Growth to be in range of 7-8.5% given global uncertainties: Chief Economic Adviser

May 4, 2022May 5, 2022cpooldigitalLeave a Comment

‘ There are spillover effects likely to come from the monetary policy tightening by central banks in advanced countries as well’ ‘ There are spillover effects likely to come from the monetary policy tightening by central banks in advanced countries as well’ Chief Economic Adviser V. Anantha Nageswaran on Wednesday said India’s growth is expected […]

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