Opinion: Ajaya K Sahu and Bornali Bhandari. As India increasingly urbanises, it has become important to measure its economic parameters, not only at the aggregate level but also at the disaggregated level. The literature review suggests that there are differences across city tiers. However, we find that the current statistics simply do not capture the... Read More
Temporary dissonance is inevitable but that is no reason to give up constantly updating our compilation systems. The release of industry-wise Gross Value Added (GVA) at basic prices rather than industry-wise GDP at factor cost is part of the effort to streamline our numbers with international standards. (Reuters) Third quarter GDP numbers will be out... Read More
NEW DELHI: Indian economy is expected to grow at 7.4 per cent in the current fiscal despite weak performance of agriculture sector due to poor monsoon NCAER said. The GDP growth rate forecast is 7.4 per cent for 20152016 and 201617 the economic policy thinktank said in a report. According to the National Council of Applied Economic... Read More
The economy is likely to grow by 7.6% in the October-December quarter of the current fiscal the fastest pace of expansion in five quarters according to India Ratings. India Ratings said growth may have ticked higher in the third quarter by 7.6% compared to 7.4% in the second quarter of this fiscal. “Growth is likely... Read More
Indian Economy is expected to grow at 7.4 per cent in the current fiscal despite weak performance of agriculture sector due to poor monsoon NCAER said. The GDP growth rate forecast is 7.4 per cent for 2015-2016 and 2016-17 the economic policy think-tank said in a report. According to the National Council of Applied Economic... Read More
New Delhi: Indian economy is expected to grow at 7.4 per cent in the current fiscal despite weak performance of agriculture sector due to poor monsoon NCAER said. The GDP growth rate forecast is 7.4 per cent for 2015 2016 and 2016-17 the economic policy think-tank said in a report. According to the National Council... Read More
At the C D Deshmukh Memorial Lecture organised last week by the National Council of Applied Economic Research its director Shekhar Shah had an awkward moment when his voice cracked during his address. Reserve Bank of India (RBI) Governor Raghuram Rajan came to Shah's rescue by walking up to him and offering him a glass... Read More
Reserve Bank of India Governor Raghuram Rajan on Friday backed fiscal consolidation over "aggressive" policies to boost economic growth as the finance ministry grapples with a dilemma between economic stability and growth ahead of the Budget. Delivering the C D Deshmukh memorial lecture at the National Council of Applied Economic Research in New Delhi he... Read More
NEW DELHI: A day after stating that "there are problems with the way we count GDP" RBI Governor Raghuram Rajan today said he has never raised doubts over the GDP numbers and they are broadly correct. "It was not anything about new GDP numbers or the way GDP is calculated. I think it's broadly correct"... Read More
During global turmoil macroeconomic stability should not be risked Ahead of the Budget Reserve Bank of India Governor Raghuram Rajan on Friday cautioned against deviation from the fiscal consolidation path which he said could hurt macroeconomic stability. During the global turmoil macroeconomic stability should not be risked and both the government and the central bank... Read More
Reserve Bank of India governor Raghuram Rajan on Friday said that a growth rate of over 7% was a credible achievement given wobbly conditions in the world economy but cautioned the government against being “over ambitious” and asked it to contain its borrowings. “It is to the immense credit of the government that we have... Read More