Top Stories

Note ban makes India fall behind China in GVA growth, but agriculture improves - Yahoo India News;

Note ban makes India fall behind China in GVA growth, but agriculture improves - Yahoo India News

Yahoo India NewsNote ban makes India fall behind China in GVA growth, but agriculture improvesYahoo India NewsPrime Minister Narendra Modi's note ban impacted the Indian economy massively in the fourth quarter of Financial Year 2016-17, bringing down its growth in terms of gross value added (GVA) from 8.7% in the same period last year to 5.6%. India's full ...and more »

DeMolished India's top rank - Calcutta Telegraph;

DeMolished India's top rank - Calcutta Telegraph

Calcutta TelegraphDeMolished India's top rankCalcutta TelegraphNew Delhi, May 31: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth ...and more »

Gauging note ban hit a complex task: Anant - Business Standard;

Gauging note ban hit a complex task: Anant - Business Standard

Business StandardGauging note ban hit a complex task: AnantBusiness StandardThe government has refused to state demonetisation as a primary reason for gross domestic product (GDP) growth falling to a four-quarter low of 6.1 per cent in January-March of 2016-17. Chief Statistician T C A Anant said at a press conference the ...and more »

Moody's forecast to lift mood - Calcutta Telegraph

Moody's forecast to lift moodCalcutta TelegraphMumbai, May 31: India's economic growth in the fourth quarter of 2016-17 may have slowed because of demonetisation, but it could accelerate to 7.5 per cent in the current fiscal, while the government's reforms will help the country to achieve an 8 per ...and more »

India's economy grows at slowest pace since 2014 - The Straits Times

India's economy grows at slowest pace since 2014The Straits TimesNEW DELHI • India's economy grew at the slowest pace in more than two years in the first quarter of this year, dragged down by Prime Minister Narendra Modi's cash ban in November and the weight of the country's bad bank debts. The unexpectedly slowed ...and more »

India no longer fastest growing economy in the world: 10 points - India.com;

India no longer fastest growing economy in the world: 10 points - India.com

India.comIndia no longer fastest growing economy in the world: 10 pointsIndia.comThe weak GDP data will be a setback for Narendra Modi government, which completed three years in office last week. By Zeeshan Shaikh | Published: June 1, 2017 1:11 AM IST Follow Email. 0 Shares. Facebook share; Twitter share; Share on Google+ ...and more »

GDP slows to 7.1%; India loses fastest growing eco tag - Daily Pioneer

GDP slows to 7.1%; India loses fastest growing eco tagDaily PioneerIndia's economic growth slowed to 7.1 per cent in 2016-17 despite very good performance by agricultural sector, the year in which 87 per cent of the currency was demonetised leading to a severe cash crunch and disruption in the economic activities.and more »

Impact of note ban seen in Q4 data - Deccan Chronicle;

Impact of note ban seen in Q4 data - Deccan Chronicle

Deccan ChronicleImpact of note ban seen in Q4 dataDeccan ChronicleIndia loses fastest growing economy tag to China, records slowest GDP growth in three years. GDP had grown by 8 per cent in 2015-16, 7.5 per cent in 2014-15 and 6.4 per cent in 2013-14, according to new series. New Delhi: The economy hit a bump in ...and more »

India is no longer the fastest-growing economy - The Hindu;

India is no longer the fastest-growing economy - The Hindu

The HinduIndia is no longer the fastest-growing economyThe HinduIndia lost its fastest-growing major economy tag in the fourth quarter of 2016-17, with GDP growth coming in at 6.1% compared with China's 6.9% in the same period. Data from the Ministry of Statistics on Wednesday showed GDP grew 7.1% in the financial ...and more »

Moody's pegs economic growth at 7.5% in FY18 - Deccan Herald;

Moody's pegs economic growth at 7.5% in FY18 - Deccan Herald

Deccan HeraldMoody's pegs economic growth at 7.5% in FY18Deccan HeraldIndia's economic growth will accelerate to 7.5% in current fiscal and the government's reform push will help achieve 8% GDP growth rate in about four years, Moody's said on Thursday. In itsGlobal Macro Outlook, Moody's Investors Service said the ruling ...and more »

India's annual GDP growth slowed to 7.1% after historic demonetization - Nikkei Asian Review;

India's annual GDP growth slowed to 7.1% after historic demonetization - Nikkei Asian Review

Nikkei Asian ReviewIndia's annual GDP growth slowed to 7.1% after historic demonetizationNikkei Asian ReviewNEW DELHI -- India's demonetization drive that sucked 86% of cash out of circulation has most likely hurt its economy, with a government report revealing that year-on-year growth slowed to 6.1% in the January-March quarter. The data released Wednesday ...and more »

Construction sector performed particularly poorly during Q4FY17: Panagariya - Business Standard;

Construction sector performed particularly poorly during Q4FY17: Panagariya - Business Standard

Business StandardConstruction sector performed particularly poorly during Q4FY17: PanagariyaBusiness StandardThe revised estimates of India's gross domestic product (GDP), released by the Central Statistics Office (CSO) on Wednesday, showed that the economy slowed down to 6.1 per cent in the fourth quarter of 2016-17, from 7.9 per cent in the first quarter.and more »

Indian economy grew at 7.1% in 2016-17, Q4 GDP growth at 6.1% - ABP Live;

Indian economy grew at 7.1% in 2016-17, Q4 GDP growth at 6.1% - ABP Live

ABP LiveIndian economy grew at 7.1% in 2016-17, Q4 GDP growth at 6.1%ABP LiveNew Delhi: India's gross domestic product during the past fiscal grew at a lower rate of 7.1 per cent, the official statistician said on Wednesday. "Real GDP at constant (2011-12) prices for the year 2016-17 is estimated at Rs 121.90 lakh crore showing ...and more »

Growth Lower Than Expected: Has Notes Ban Hit Economy Hard? - NDTV;

Growth Lower Than Expected: Has Notes Ban Hit Economy Hard? - NDTV

NDTVGrowth Lower Than Expected: Has Notes Ban Hit Economy Hard?NDTVThe latest Gross Domestic Product or GDP numbers show unexpected slowdown of growth to 6.1 per cent - the lowest in more than two years - against the 7.1 per cent forecast by analysts. With China's growth rate at 6.9 per cent for the same quarter ...and more »

Indian economy growing steadily despite global headwind: FICCI - New Kerala

Indian economy growing steadily despite global headwind: FICCINew KeralaNew Delhi , May 31 : Despite the ongoing global economic headwind, the Indian economy is moving steadily on the growth trajectory, according to the Federation of Indian Chambers of Commerce and Industry (FICCI).and more »

Slowdown in GDP growth intensified by note ban, notes ICRA - New Kerala

Slowdown in GDP growth intensified by note ban, notes ICRANew KeralaNew Delhi , May 31 : Soon after the Central Statistics Office (CSO) released the new estimates of the growth of the Gross Domestic Product (GDP) in the fourth quarter of the current financial year, credit-rating body ICRA asserted that the slowdown in ...and more »

A hard fall - Business Standard (press release) (registration) (blog)

A hard fallBusiness Standard (press release) (registration) (blog)For the second time in a row, economic growth data released by the Central Statistics Office (CSO) on Wednesday have surprised everyone. On the face of it, there was not much change in the full-year provisional estimates for gross domestic product (GDP ...and more »

Note ban shows up in India's growth, economy grows 6.1% in March quarter - Economic Times;

Note ban shows up in India's growth, economy grows 6.1% in March quarter - Economic Times

Economic TimesNote ban shows up in India's growth, economy grows 6.1% in March quarterEconomic TimesNEW DELHI: India's growth slumped to a two-year low and the country ceded its top ranking as the world's fastest-growing economy back to China in the March quarter, suggesting that the effects of November's note swap were rippling through the economy.and more »

GDP growth pegged at 7.1% in FY17 on note-ban effect - Hindu Business Line;

GDP growth pegged at 7.1% in FY17 on note-ban effect - Hindu Business Line

Hindu Business LineGDP growth pegged at 7.1% in FY17 on note-ban effectHindu Business LineThe government on Wednesday retained its estimate of GDP growth at 7.1 per cent for 2016-17, but with the economy reeling under the note-ban exercise last year, growth in the fourth quarter of the fiscal is projected at a mere 6.1 per cent. According ...and more »

India GDP Growth Slowed to 6.1% Last Quarter--Update - Fox Business

India GDP Growth Slowed to 6.1% Last Quarter--UpdateFox BusinessNEW DELHI – India said its economy grew 6.1% in the first quarter from a year earlier, the weakest expansion the country has reported in more than two years. Continue Reading Below. The surprise slowdown suggested that Prime Minister Narendra Modi's ...and more »