The GDP is the measure of the economic performance of a govt, which explains why arguing over the GDP has become a combat sport.
The growth in economy had slipped to a low of 5 per cent in April-June, 2019-20, the lowest in last 25 quarters.
In the first quarter, the GDP grew at the slowest pace in as many as 25 quarters at 5 percent - which is even lower than that of Pakistan's 5.4 percent.
“There is significant amount of volatility in rate of growth. The reduction to 5% does not mean we are on a 5% growth trajectory,” Debroy said.
The median of the survey of seven economists showed fiscal deficit may rise to 3.9 per cent of GDP.
Drone attacks on the world's largest oil refinery in Saudi Arabia, alleged to have been carried out by Iran over the past weekend, has lead to a massive 20 percent surge in crude prices.
The Paris-based policy forum said the outlook had taken a turn for the worse.
New measures by the government to bolster growth are seen falling short of addressing pain points.
Manufacturing sector investments declined 10.3% in 2017-18, as pet the data released by the ASI.
India received 38% more rainfall than the 50-year average in the week to Sept. 18, data from the IMD showed, with central India receiving 63% more rain.
The next monetary policy review is scheduled to be held between October 1 and October 4.
SBI in a report says monetary policies have done little to boost aggregate demand.
The rise in India's August wholesale price inflation (WPI) rate remained flat sequentially, but eased on a year-on-year basis, official data showed on Monday. Accordingly, the rise in August's WPI remained unchanged at 1.08 per cent on a sequential basis. However, it eased on a YoY basis. In August 2018, the WPI had risen to 4.62 per cent.
Inflation in fuel and power declined 4% from a 3.64% fall in July and that in manufactured products was flat from a 0.34% growth in the trailing month.
IIT Madras Alumni Association released the "Mood of the Nation" survey on the occasion of its Sangam 2019 conclave, a flagship event of the premier institute's alumni.
The minister said the steps announced to increase credit flow to NBFCs, including the partial credit guarantee scheme, has started showing results.
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