Growth slips: Slowdown in farm, manufacturing push India’s GDP growth down to 6.6%

Growth slips: Slowdown in farm, manufacturing push India’s GDP growth down to 6.6%

With manufacturing, agriculture and small services faltering and government spending slowing, India’s gross domestic product (GDP) grew at a five-quarter low rate of 6.6% in the September-December period (Q3) of the current fiscal, official data revealed on Thursday.The Central Statistics Office (CSO) also revised down the growth rates for Q1 (from 8.2% to 8%) and […]

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India missing out on investment boom from US-China trade war as election looms

India missing out on investment boom from US-China trade war as election looms

Unlike Southeast Asia, India isn’t seeing any investment gains as global trade tensions disrupt supply chains. Foreign direct investment in the third-largest Asian economy fell 7 percent in the nine months to December, signaling slowing investment before upcoming elections.FDI inflows into India during the period was $33.5 billion, lower than the $35.9 billion in the […]

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India-US trade talks skirt vexed issues including tariff on steel

India-US trade talks skirt vexed issues including tariff on steel

India and the US on Thursday pledged to further boost bilateral trade and investments, as key policymakers and industrialists of both the sides huddled for a commercial dialogue and CEO forum meeting here.However, sources told FE that contentious issues —including India’s concern about the extra tariff levied on steel and aluminium supplies and tightening of […]

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Minding Growth: RBI cuts repo rate by 25 bps — check new rates and inflation forecast

Minding Growth: RBI cuts repo rate by 25 bps — check new rates and inflation forecast

Indicating a greater willingness under new governor Shaktikanta Das to address the objective of growth while being tenacious to the inflation-targeting framework, the Reserve Bank of India (RBI) on Thursday unexpectedly lowered the repo rate by 25 bps to 6.25%, simultaneously enabling with a shift in the monetary policy stance to ‘neutral’ fro‘calibrated tightening’.A 4-2 […]

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Difficult for Modi government to maintain 3.4 per cent fiscal deficit in FY 2020: Moody’s

Difficult for Modi government to maintain 3.4 per cent fiscal deficit in FY 2020: Moody’s

The government will find it difficult to meet the fiscal deficit target of 3.4 per cent in 2019-20 on account on higher spending and low revenue growth, Moody’s Investors Service said. Observing that Indian government’s debt is “stubbornly high” as a percentage of GDP, Moody’s Investors Service Managing Director, Sovereign Risk Group, Gene Fang said […]

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