Barclays cuts India GDP growth target to 0%

New Delhi: As the economist cost of the lockdown mounts, UK bank, Barclays is projecting a 0 per cent GDP growth target for India. It has cuts its earlier projection of 2.5% for calendar year 2020 while giving the argument that the economic fallout will be worse than it had earlier estimated. The lockdown in […]

NBFC crisis slows GDP growth, real estate worst hit

Mumbai: India’s GDP growth slowed to 6.6 per cent in the October-December quarter of 2018-19, the lowest rate in five quarters, primarily due to the stress among the non-banking finance companies (NBFCs). A direct correlation can be seen as many NBFCs have been facing liquidity challenges resulting in slower loan disbursements and eventual fall in […]

Economic Affairs Secretary Subhash Chandra Garg (File Photo/ Twitter)

GDP growth at 7.1% seems disappointing: Economic Affairs Secretary

New Delhi :  Economic Affairs Secretary Subhash Chandra Garg on Friday said it “seems disappointing” that India’s GDP growth rate slowed to 7.1 per cent in the second quarter of 2018-19. He said while manufacturing and agriculture growth was steady, construction and mining reflected deceleration due to the monsoon. However, he said the half-year growth […]

Congress blames Modi, Jaitley for economy’s downturn

New Delhi, Jan 5 : The Congress on Friday blamed Prime Minister Narendra Modi’s “arrogance” and Union Finance Minister Arun Jaitley’s “failure” for the economy’s downturn as the GDP growth was estimated to be 6.5 per cent during 2017-18. The party also said the double whammy of the “Modi-made disaster of demonetisation” and the implementation of […]