Moody’s lowers India’s projected growth rate to 5.6% in current financial year

The international rating agency said it was troubling that consumption demand had ‘cooled notably’.

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· Yesterday · 03:07 pm

Moody’s lowers India outlook to ‘negative’, but government says fundamentals remain robust

The international rating agency cited increased risks, pointing out that the prospect of more reforms to boost business investment and growth had diminished.

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· Nov 08, 2019 · 10:37 am

Shiv Sena blames BJP-led central government for sluggish market during Diwali

The party blamed demonetisation and the implementation of the Goods and Services Tax for the economic slowdown.

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· Oct 28, 2019 · 12:11 pm

India needs more reforms, innovation to boost economic growth, says World Bank president

David Malpass also called for setting up of local courts, fast-track commercial dispute resolution mechanism, and land data digitisation measures.

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· Oct 27, 2019 · 11:04 am

IMF is ‘a little less optimistic’ about India’s growth than it was a few months ago: Gita Gopinath

The IMF chief economist said India suffered this year because of weakness in rural demand, and problems in the non-banking financial sector, among other things.

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· Oct 20, 2019 · 09:12 pm

IMF slashes India’s GDP growth projection to 6.1% for 2019-’20, cites ‘sector-specific weaknesses’

The fund’s Chief Economist Gita Gopinath claimed major economies were slowing down because of ‘idiosyncratic reasons’ but were expected to recover in 2020.

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· Oct 15, 2019 · 07:43 pm

Credit rating agency Moody’s says India’s economic slowdown is driven by long-lasting factors

Moody’s added that it saw India’s Gross Domestic Product as growing at 5.8% in the 2019-’20 financial year.

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· Oct 10, 2019 · 07:04 pm

India’s GDP growth is likely to slow down to 6% this year from 7.4% in 2018, says UN trade body

A 6% growth rate in 2019 would be the slowest annual economic growth in seven years.

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· Sep 27, 2019 · 06:05 pm

Asian Development Bank cuts India’s GDP growth forecast for 2019-’20 from 7% to 6.5%

However, the funding body said India will remain one of the fastest-growing economies in the world this year as well as the next.

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· Sep 26, 2019 · 08:48 pm

India’s economic growth ‘much weaker than expected’, says International Monetary Fund

Government data released on August 30 showed that growth in Gross Domestic Product fell to a six-year low of 5% in the April-June quarter.

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· Sep 13, 2019 · 10:12 am

India drops in GDP rankings, now seventh-largest economy, shows World Bank data

UK and France overtook India in 2018, the data showed.

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· Aug 02, 2019 · 10:55 am

IMF revises India’s growth forecast for 2019-’20 down from 7.3% to 7%

In its World Economic Outlook, the fund also revised its growth projection for China and the world downward, to 6.2% and 3.2%.

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· Jul 23, 2019 · 08:09 pm