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Interim dividend issue may come up in next RBI's board meeting

Interim dividend may come up for discussion as the govt struggles to meet its fiscal deficit target of 3.3%.

Market, economy trends that should worry us more than auto sales, inflation

There is a disturbing trend that we perceive even in equity investing.

Hyderabad, Bengaluru top two most dynamic cities globally in list of 130: JLL

The results show a continued shift in global influence from west to east, with Indian, Chinese and Vietnamese cities dominating the top positions.

GDP growth to be back at 6-7% by Sept: Indranil Sen Gupta, BofA Securities

There is a worry that credit demand is weaker than before, says Indranil Sen Gupta.

India needs continued structural reforms to boost growth: UN report

The report has also lowered GDP growth estimate for India while expressing hope that combination of fiscal stimulus and financial sector reforms will help boost consumption. However, the data related to India was revised to 5% for the current fiscal and 5.8-5.9% for the next financial year, Nagesh Kumar, Head, UN Economic and Social Commission for Asia and the Pacific, said.

UN lowers India growth forecast; expects momentum to pick up in 2020

According to the United Nations World Economic Situation and Prospects (WESP) 2020, a growth rate of 2.5 per cent is possible in 2020, but a flare up of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery.

Govt pegs FY20 GDP growth at 5%; analysts wary

Gross domestic product is estimated to grow 5.0% in FY20, slower than the 6.8% growth in FY19.

Pakistan set to miss 4% GDP growth: Central Bank

The large-scale manufacturing sector in the country witnessed a decline of 5.9 per cent in Q1-FY20 on YoY basis. This contraction was broad-based, as construction-allied industries, petroleum and automobile industries continued on downward path.

UN revises growth forecast to 5 per cent for India in current fiscal

Its estimate for FY21 was also further downgraded to 5.8%-5.9% from 6.6% in the report, said Nagesh Kumar, head of the UN economic and social commission for Asia and the Pacific, while presenting the report in Delhi. Since the report was finalised in October it did not take into account the second quarter results and hence the outlook has been revised, Nagesh Kumar said.

Precision eye for value-price-quality tradeoff will be vital in your 2020 play

In such a market, precision eye for value-price-quality tradeoff will be vital.

RBI should act as lender of last resort, provide liquidity to NBFCs: SBI

In its report on Budget expectations, the economists said RBI should "seriously think" of providing liquidity to NBFCs against the assets held by the lenders. "Given the crisis of confidence in the financial markets, it is imperative that central banks don't forget their primary function of being the lender of the last resort," they said.

GDP growth rate for 2019-20 estimated at 5% against 6.8% in FY19

The first advance estimates of the GDP growth for FY20 are being pegged at 5 per cent. The GVA estimate is being put at 4.9 per cent.The numbers are released at a time when the Indian economy has seen a sharp slowdown in growth, surprising policy-makers.The Indian economy grew at a six-year low of 5 per cent and 4.5 per cent, respectively, in the quarters ending June and September.GDP growth rate for 2019-20 estimated at 5% against 6.8% in FY19

First advance estimates pegs GDP growth at 5 per cent for FY20

The advance GDP estimates come at a time when the Indian economy has seen a sharp slowdown in growth.

Government relief only hope, else telecom sector headed for duopoly: Analysts

Industry experts are divided over the likely outcome of the sector heading towards a duopoly with two private telcos-Reliance Jio and Bharti Airtel plus one PSU- BSNL with a limited reach. While Vodafone Idea is reeling under the debt of Rs 53,000 crores as AGR payment, Airtel is better financially placed to pay its statutory dues of Rs 35,000.

What is government borrowing? How it impacts fiscal deficit?

In the current fiscal, the government has decided to stay with the borrowing programme as announced in the Budget 2019. This has cheered the markets and kept yields in check. In the Budget speech, the finance minister also announced borrowing from overseas market but later on dropped the plan owing to currency risks.

Give cash in hand to push demand: FMCG Inc

Industry bats for stimulus measures such as reduction in income tax, job creation and direct incentives for rural consumers. Research firm Nielsen said in an Oct report that overall FMCG sales growth fell from 16.2% yoy in the Sept 2018 quarter to 7.3% in the Sept 2019 quarter, with rural consumption at the slowest in seven years.

ET Explains: Not all may be bad about India's rising inflation

Once the vegetable prices cool down, the headline inflation figure will fall back within RBI's comfort zone.

India will struggle to achieve 5% GDP growth in 2020: American economist Steve Hanke

Hanke, who currently teaches applied economics at Johns Hopkins University (USA), pointed out that India experienced an unsustainable credit boom, and now the chickens are coming to roost with a massive pile of non-performing loans piled up, primarily at the state-owned banks.

Anand Mahindra optimistic about 2020, wants Sitharaman to present a blockbuster Budget with dramatic moves

The Mahindra Group Chairman hopes to get 'our competitive juices flowing' for this year's Budget.

World’s largest wealth manager tells investors: Lower expectations

Haefele joins his Wall Street counterparts in voicing concerns over returns this year.

Fitch lowers India GDP growth to 4.6% in FY20

Fitch said growth will gradually recover to 5.6 per cent in FY21 and 6.5 per cent in the following year.

'Modi govt's USD 5-trillion GDP target by 2024 looks unimaginably ambitious'

The goal was set soon after Modi took office a 2nd time. But since then, India has been under a dark cloud.

Retail inflation may force RBI to hold rates: Report

The RBI is scheduled to announce its next bi-monthly monetary policy on February 6.

Moody’s keeps India GDP growth forecast at 5.6%

Growth could be hit as demand has cooled with slow employment growth impacting consumption, co expects 6.6% for ’20 and 6.7% in ’21.

Moody's cuts India's GDP growth forecast to 5.6% for 2019

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

India needs 6.3% labour productivity growth to attain 8% hike in GDP: India Ratings

Country will have to increase its labour productivity growth to 6.3% to attain 8% economic growth.

Not worried over slow rate of GDP growth: Pranab Mukherjee

Mukherjee, who also served as the finance minister in the UPA government, further said there is nothing wrong in public sector banks needing capital infusion. "I am not worried over the slow rate of GDP growth in the country. Certain things happening will have its impact," he said while addressing an event at the Indian Statistical Institute (ISI).

1,000% return in 10 years! This stock now stares at an uncertain future

There is no good news for the stock, which delivered a solid 58% return in the last one year.

ADB trims India's GDP growth forecast to 5.1% in FY20

"India's growth is now seen at a slower 5.1 per cent in fiscal year 2019-20 as the foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch. Also, consumption was affected by slow job growth and rural distress aggravated by a poor harvest," Asian Development Bank said.

China's yuan leads rally ahead of US trade deal

The Japanese yen weakened 0.1 per cent to 109.65 per dollar, close to a seven-month low.

ET Explains: What went wrong with the Q2 GDP growth

A granular look reveals the disarray: All lead indicators point to a dismal manufacturing growth.

Economic slowdown: Not worried over slow rate of GDP growth, says Ex-President Mukherjee

While addressing at the Indian Statistical Institute (IIS) in Kolkata on December 11, the former president of India Pranab Mukherjee said, "I am not very much worried over the slow Gross Domestic Product (GDP) growth because certain things happened, which had its impact."Economic slowdown: Not worried over slow rate of GDP growth, says Ex-President Mukherjee

Next leg of consumption story may play out on services side: Milind Karmarkar

''Whenever a company continues to grow at 24 per cent YoY, the multiple remains high.''

Present state of economy is temporary phase: Amit Shah to students

"Don't get disheartened. This is just a temporary phase. I want to tell you that India will become a USD five trillion economy by 2024," Amit Shah said. The Union minister further added that in the first 70 years, our economy grew to USD two trillion. In the first five years of Prime Minister Narendra Modi's government, it was taken to USD three trillion.

View: Rupee likely to extend fall as US-Iran tensions ease

​​The biggest shockwave was a rise in crude oil prices as Brent crude shot up by more than $3 per barrel.

4.5% GDP growth rate unacceptable, worrisome: Manmohan Singh

Former prime minister Manmohan Singh said on Friday the GDP growth rate of 4.5 per cent was unacceptable and worrisome, and urged his successor Narendra Modi to set aside "deep-rooted suspicion" of society and nurse India back to harmonious, mutually trustworthy society that can help the economy soar.4.5% GDP growth rate unacceptable, worrisome: Manmohan Singh

Gold rate today: Bullion futures rise ahead of GDP growth data

MCX Gold (Feb) futures were up 0.17 per cent to Rs 37,829.

India's real GDP growth in FY20 to come below 5%: IHS Markit

India's real GDP growth in 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said.

Lead indicators point to disappointing Q2 GDP growth: Aditi Nayar

ICRA's principal economist, Aditi Nayar, sheds light on what may hurt the second-quarter GDP growth which will be released on Nov 29. She talks about the pain points, hurting investments and the factors driving down demand. Watch.Lead indicators point to disappointing Q2 GDP growth: Aditi Nayar

Tata Steel India's Q3 sales up by 24.4% YoY but remains flat compared to last quarter

While the company’s maintained its sales in the auto segment during the quarter, its branded products & retail segment grew 23% QoQ while industrial products and projects grew 12% QoQ. According to provisional figures released by the company during Q3FY20, Tata Steel India’s production grew by 1.8% over Q3FY19 to 4.46 million tonne but remained flat on a QoQ basis.

PM Modi says fundamentals of Indian economy strong, has capacity to bounce back

Modi, who seems to have taken charge of the efforts to revive the economy, has over the past few days held as many as 12 brainstorming meetings with different stakeholders over various issues affecting the economy and to thrash out appropriate policy interventions in the upcoming Budget.

View: National Infra Pipeline does not have a credible financing strategy

The NIP document is thin on the strategy, barring one page on the Central contribution to the same

Small, midcap stocks attractive bets right now: Tata MF

Many fund managers in recent times have said that the tide is turning in favor of smallcaps and midcaps.

Growth in India projected to 'decelerate' to 5% in 2019-2020: World Bank

India's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal, mainly due to poor showing by manufacturing and construction sectors, government data showed. It said tighter credit conditions in the non-banking sector are contributing to a substantial weakening of the domestic demand in India.

ICRA forecasts lower GDP growth in Q2 of FY20

The ICRA also forecast the country's GVA at basic prices in year-on-year (YoY) basis to 4.5 per cent respectively.

Projected growth of 5 per cent exaggerated, Indians will see little or no growth: P Chidambaram

India's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal, mainly due to poor showing by manufacturing and construction sectors, government data showed on Tuesday. Reacting to the data, Chidambaram said the Advanced Estimates of National Income 2019-20 released yesterday tells the story of neglect and mismanagement of the economy by the BJP government.

Don't let ideological issues hijack economic agenda: Nouriel Roubini to Modi

Roubini pointed out the consensus opinion said the global economy will revert back to expansion.

Rupee opens 19 paise down as US-Iran tension escalates

The local currency on Tuesday settled 11 paise up at to 71.82 against the greenback.

Real estate body wants reduction in home loan interest to boost sales

Developers pointed out that a revival in housing industry will also help the overall economy regain its growth momentum. The industry suggested tax reforms and raising deduction on home loan interest to Rs 5 lakh from Rs 2 lakh to boost sales.

View: Economic growth is the best antidote to the present trust deficit between govt and citizens

November brought more bad news, GDP growth slipping to 4.5% between June and September 2019.

India's GDP growth slips further to 4.5% in Q2FY20: Is the recovery in sight? | VIDEO

India's second quarter GDP growth slowed sharply to 4.5 per cent, the weakest pace in more than six years, as manufacturing output hit a slump and consumer demand as well as private investment weakened. The GDP expansion rate moderated from 5 per cent recorded in April-June 2019 and is much weaker than the 7 per cent growth registered in July-September 2018, according to official data released Friday. The major factor in the GDP fall was manufacturing contracting by 1 per cent. A separate data showed core infrastructure industries' output declining 5.8 per cent in October, the biggest contraction since at least 2005. ET's Opinion Editor TK Arun shares his views on Q2 GDP data. (Text: PTI)India's GDP growth slips further to 4.5% in Q2FY20: Is the recovery in sight? | VIDEO

India's GDP growth slips further to 4.5% in Q2FY20: Is the recovery in sight?

India's second quarter GDP growth slowed sharply to 4.5 per cent, the weakest pace in more than six years, as manufacturing output hit a slump and consumer demand as well as private investment weakened. The GDP expansion rate moderated from 5 per cent recorded in April-June 2019 and is much weaker than the 7 per cent growth registered in July-September 2018, according to official data released Friday. The major factor in the GDP fall was manufacturing contracting by 1 per cent. A separate data showed core infrastructure industries' output declining 5.8 per cent in October, the biggest contraction since at least 2005. ET's Opinion Editor TK Arun shares his views on Q2 GDP data. (Text: PTI)India's GDP growth slips further to 4.5% in Q2FY20: Is the recovery in sight?

4.5 per cent GDP growth rate unacceptable, worrisome: Manmohan Singh

Delivering his valedictory address at a national conclave on economy, former prime minister Manmohan Singh said mutual trust is the bedrock of societal transactions fostering economic growth, but "our social fabric of trust, confidence is now torn and ruptured".

India’s GDP growth hits over 6-year low; analysts say economy has bottomed out

India’s GDP growth slumped to 4.5% in the September quarter, its weakest pace since 2013.

GDP growth slips to 4.5% in September quarter, slowest expansion in 26 quarters

The slump was mainly on account of a weak manufacturing and a drop in exports.

NCAER projects Q2 GDP growth to decline to 4.9 percent

The Delhi-based NCAER has pegged GDP growth at 4.9 per cent as against 6.8 per cent in 2018-19. Going forward, NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging unless it can be financed through better revenue generation.

GDP growth may fall towards 6.6% in 2020: Kaustubh Chaubal, Moody's

Given companies already have high levels of debt overall credit metrics are unlikely to improve.

What may have pulled Q2 GDP growth to 4.2-4.5%? Virmani has an answer

I have looked at the data carefully; there is no fall in private consumption expenditure.

What changed for D-Street while you were sleeping

Oil prices edged lower as receding Middle East tensions took some heat out of the market.

Budget 2020 can end India Inc's wait and watch mode to spur investment in the economy

The government has been intervening, at regular intervals, to pump prime the economy. Finance minister Nirmala Sitharaman announced new measures to boost economy and rolled back those which soured investor sentiment. The economy, which hit a trough in the second quarter, is expected to see some revival in the second half of this fiscal.

Q3 could see 4.5-5% GDP growth, Q4 may be better: Kaushik Das, Deutsche Bank

India is growing 200 bps below potential growth rate of 6.5-7%.

Next multibaggers will come from infra space: Sunil Subramaniam

The fiscal being stretched is this year’s phenomenon, says Sunil Subramaniam.

Will Indian real estate bounce back in 2020?

In 2019, housing afforability showed a marked improvement. We also saw a plethora of launches in the market. In 2020, Knight Frank expects the GDP growth to touch 6-6.5% by next year. It also expects the real estate sector to maintain its momentum.

Political, regulatory pressure on corp governance impacting risk taking by firms: Keki Mistry

The mortgage lender's executive said bankers are not taking lending decisions because of this risk averseness syndrome, and warned it will hamper India's animal spirit unless there is a change. The comments come at a time when official estimates for FY20 project GDP growth hurtling to an 11-year low of 5 per cent. The government is also allaying fears in the face of greater actions by agencies like CBI, ED and SFIO.

India GDP growth in Q2 at 4.7 per cent; FY20 forecast at 5.6 per cent: Ind-Ra

The revision, it said, became "inevitable as the high-frequency data now suggests that the agency's estimate of 2QFY20 GDP growth coming in a little higher than 5 per cent is unlikely to hold".

We are expecting equities to return 8-10% over 12 months: Rahul Singh, Tata MF

I do not see midcaps underperforming largecaps anymore and it is time for investors to add them.

How bad really is the fiscal situation?

At this point, it makes sense to bite the bullet. Govt can fret over deficit after growth has picked up.

Moody's cuts India's GDP growth forecast to 5.6 per cent for 2019

Moody's had on October 10 slashed India's economic growth forecast for 2019-20 fiscal to 5.8 per cent.

GDP growth may be less than 5% in Q2, to improve from Q3: Adi Godrej

Good performance, Nature’s Basket sale led to 128% jump in Godrej Industries' profit in Q2.

GDP growth rate in Q2 will be possibly sub 4.5%: SK Ghosh, SBI

If we are in the range of 5.5-5.8% even in Q3 and Q4, growth rate could go even below 5%

Fitch cuts India's FY20 GDP growth forecast to 5.5%

Fitch, which had in June this year put India's GDP growth at 6.6 per cent for the fiscal year that began in April 2019, said the recent government measures to boost economy including a cut in corporate tax rates will gradually nudge growth.

Fiscal deficit hits 115% of Budget Estimate till Nov

The fiscal deficit or the gap between expenditure and revenue was at Rs 8,07,834 crore as on November 30, 2019.

5-6% GDP growth is not terrible: JP Morgan chairman Jamie Dimon

Jamie Dimon said trade tensions had impacted businesses & sentiments, taking a toll on global growth. Suggesting that policymakers needed to introspect over policy responses, he called for coordinated action between govts & central banks across the world.

See multibagger in every battered stock? This rally will trap you

Analysts believe select stocks provide good entry points and may deliver humungous returns.

What FM Nirmala Sitharaman could do in Budget 2020 to boost demand and revive economy

Consumer demand is lacklustre, tax collection is modest & estimated GDP growth for 2019-20 is 5%, an 11-yr low.

What changed for D-Street while you were sleeping

CPI inflation stood at forty months high of 5.54 per cent in November, up by 92 bps from October. Increase in CPI was mainly led by lower base of food inflation and uptick in prices of vegetables and pulses.

Muted Diwali demand, GDP growth may fall to 5.8%: BofAML

RBI will cut key rates by a further 0.15% in February review, over the 0.25% expected after the December meeting, BofA ML said. Economic growth has slipped to a six-year low of 5% for the June quarter and is expected to turn in lower than that in the September quarter. Lack of consumption is seen as one of the key factors pulling down growth.

Worst economy in 42 years needs an honest look

First advance estimates pegged nominal GDP growth at 7.5%, substantially lower than 12% projected in Budget.

We would buy and accumulate stocks that fall on petroleum price rise: Devang Mehta

Buy-on-dips market has turned into a sell-on-rise one for shorter term

MOSPI constitutes committee on economic statistics headed by Pronab Sen

A 28 member Standing Committee on Statistics chaired by former Chief Statistician Pronab Sen was constituted.

U.S. trade deficit drops to more than three-year low

The trade deficit has narrowed 0.7% through November and is on track to record its first annual decline since 2013. While the shrinking trade bill should provide a boost to gross domestic product in the fourth quarter, falling consumer goods imports also suggest a cooling in domestic demand.

India is not a growth market, we are in a consolidation phase: Amit Jeswani, Stallion Asset

It is very difficult making and then holding on to your gains in infra stocks, says Amit Jeswani.

Housing sales stay resilient in 2019 despite weak economic outlook: Report

Developers’ focus on right-sizing, right-pricing of new residential products and greater transparency due to increased regulation led to steadying of annual and half-yearly sales. Office transactions hit historic high of 60.6 million sq ft in 2019.

FII flows to Indian stocks hit record in 2019, analysts gung ho about 2020 too

FIIs pumped in a net of more than Rs 1 lakh crore in Indian stocks during the year gone by.

2019 witnesses worst-ever decline in auto sales: SIAM

As per data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday, all vehicle segments reported de-growth last year as low consumer sentiments, weak rural demand and economic slowdown took toll on demand.

What changed for D-Street while you were sleeping

Nifty50 reclaimed the 12,200 mark on Thursday, forming a bullish candle on the daily chart.

Chetan Bhagat's 6 doable, practical ways to get to 10% GDP growth

To reach 10% growth requires another $150 billion of economic activity per year, writes Chetan Bhagat.

Talking Stock: Hold KEC, Hindalco; exit UPL, ITDC

In terms of earnings, ITDC is too costly a stock but enjoys premium valuation partly due to a very small floating stock, in my view. Hence, exit if it moves 10% or so beyond your cost price.

Impact of GST will take time to show results: Bibek Debroy

Noting that Goods and Services Tax (GST) is a work in progress, he said that when it was introduced, there were people who said the new indirect tax regime would lead to incremental GDP growth of 1.5-2 per cent.

P Chidambaram mocks govt on 5% GDP growth

Former finance minister P Chidambaram on Tuesday took a dig at the NDA government over the slump in GDP, which has dropped to a six-year low of 5 per cent in the April-June quarter. Minutes after Chidambaram stepped out of the courtroom, when journalists asked what he had to say about his CBI custody, Chidambaram quipped, "Five per cent. Do you know what is five per cent?" P Chidambaram mocks govt on 5% GDP growth

PM says economy has resilience to reverse slowdown, exhorts India Inc to take bold investment decisions

Speaking at an Assocham event, he said the recent cut in corporate tax has brought rates to all-time low for businesses.

5% GDP growth merely a result of volatility: Bibek Debroy

“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.

View: Let this be India’s goal for this decade — $5,000 per capita income by 2030

Per capita GDP, one of the most important indicators of standard of living, doubled from around $1,000 to $2,000 per person, an average growth rate of around 7.2% per annum. This is real wealth in the hands of Indians, and we are all consuming more than we did a decade ago.

Muted GDP growth in April-June quarter expected

Ahead of official release of GDP numbers, most research firms have predicted muted growth in the previous quarter and have revised downward their forecast for FY20.

RBI says govt’s counter-cyclical measures beginning to play out

Budget will provide greater clarity about the further measures taken by the govt, says Das.

India's GDP growth rate 'much weaker' than expected: IMF

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago.

India's economy to grow at 4.3% in Q4 2019 : Nomura

Nomura also believes that the first quarter of 2020 will see a "weak" uptick in GDP growth at 4.7 per cent.

Consumption slump just a phase; neighbourhood shops hit hard: Mariwala

There is a need for the government to unleash both short-term and long-term reforms to reverse the slowdown, he said adding that there is no quick fix or set formula to fight the same.

Housing sales up 6% at 46,920 units in Delhi-NCR during 2019

Across seven major cities, sales rose by 5 per cent to 2,61,370 units in 2019 compared to 2,48,310 units in the previous year. Sales dropped by 22 per cent in the second half of this year to 1,47,120 as against 1,14,250 units during January-June period this year.

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