GDP may rise to $8 trn in next 15 years: Arvind Panagariya

NITI Aayog has said that India's GDP may rise to about USD 8 trillion over the next 15 years if the country registers an economic growth of 8 per cent annually and come very close to eliminating abject poverty entirely. Commenting on the issue, NITI Aayog Vice Chairman Arvind Panagariya told the media, “With that level of economic growth, living standards and amenities that are taken

Unfeasible to isolate effect of note ban on GDP: Minister

The Indian Government has said that it isn’t possible to isolate the impact of demonetisation on India's GDP as economic growth of a country depends on a number of factors, including monetary ones. Commenting on the issue, Minister of State for Finance Santosh Kumar Gangwar told the media, "The Gross Domestic Product (GDP) of a country depends on a number of factors including mon

Indian companies finding hard to sustain growth: Hamid Ansari

Vice-President Hamid Ansari has expressed concern over several Indian companies that are finding it hard to sustain growth in a "competitive" global business environment, reported PTI. The vice-president also mentioned that the Indian corporate sector had some inherent weaknesses, including risk aversion, debt-addiction and low R&D spending.

He said the Indian corporate

No direct data available to measure effect of note ban on GDP

 The government on Tuesday said the growth of the country was dependent on multiple factors, of which demonetisation was only a part, as no direct data was available to measure the impact of note ban on the GDP.

"Gross Domestic Product of a country depends on a number of factors including structural, external, fiscal and monetary factors (which is only partly reflected

CAD to widen to 1.3% of GDP in 2017: Nomura

India's current account deficit (CAD) is likely to widen to 1.3 per cent of GDP in 2017 from 0.6 per cent in 2016, largely owing to stronger domestic growth in the second half of this year, says a Nomura report according to the PTI, According to the Japanese financial services major, import demand is expected to resume once GST disruptions settle down after July. "W

hould pic

Consumers across India have unanimously hailed GST : Jitendra Singh

India's current account deficit (CAD) is likely to widen to 1.3 per cent of GDP in 2017 from 0.6 per cent in 2016, largely owing to stronger domestic growth in the second half of this year, says a Nomura report according to the PTI, According to the Japanese financial services major, import demand is expected to resume once GST disruptions settle down after July.

"We expect I

Avg contribution of tourism to GDP was around 6.7% in 2009-13: Mahesh Sharma

The average contribution of tourism to the country's GDP was around 6.7 per cent during the period between 2009 and 2013, Union minister Mahesh Sharma said in the Lok Sabha, reported PTI. The Union Minister of State for Culture and Tourism was giving his reply to a written query from BJP MP from Andhra Pradesh Hari Babu Khambhapati on whether the tourism sector's contribution to the gro

China's GDP grows 6.9% in 2017 first half

China's gross domestic product grew 6.9 per cent year-on-year while the retail sector rose 10.4 per cent in the first half of the year, data from the National Bureau of Statistics (NBS) showed on Monday.

The growth rate is well above the government's target for the year of 6.5 per cent, reflecting a firming trend in the nation's economy, Xinhua news agency reported.

Chinas strong Quarterly Result GDP growth paves way for deeper reforms

BEIJING -

China's economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year.

The boost to growth was in part driven by firmer exports and production, in particular steel

India to overtake Japan in steel production in 2 years

India would overtake the world's second largest steel producer Japan in the next couple of years and the country has targeted to produce 300 million ton of steel by 2025-30, a senior Tata Steel official said as per the PTI report. India is currently producing 90 to 95 million ton of steel per annum against the world no.2 steel producer Japan, which produces around 103 million ton, said Dr T

Chinas strong second-quarter GDP growth paves way for deeper reforms

By Elias Glenn and Kevin Yao

BEIJING -  China's economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year.

The boost to growth was in part driven by firmer exports

Asia shares rise on accommodative Fed, China stocks narrow losses on strong GDP

By Nichola Saminather

SINGAPORE  - Asian stocks mostly rose on Monday, spurred by record high closes for the Dow and S&P 500 on bets that the Federal Reserve's policy will remain accommodative following lacklustre U.S. data, which sent the dollar reeling to a 10-month low.

Chinese stocks fell over 2 percent in early trade but recouped some of th

India not really an outlier in terms of tax-to-GDP ratio - Motilal Oswal

India not really an outlier in terms of tax-to-GDP ratio

Contrary to popular perception, GST could boost overall tax revenues for India

* At first glance, India’s tax-to-GDP ratio appears lower than other economies; however, after adjusting for the level of economic development – measured by per capita income, In

15/07/2017 2:03:35 PM | Posted in Special Event Reports read full news
China stats bureau says has revised GDP calculation method

BEIJING  - China's statistics bureau said on Friday that it has revised the country's domestic gross product calculation method by including contribution from heath care, tourism and new economy.

The last time it revised the GDP calculation method was in 2002.

On Monday, the National Bureau of Statistics will announce GDP data for the second qua

Singapore dodges recession as Quarterly Result 2 GDP gets tech boost, Fed risks eyed

SINGAPORE - Singapore's economy grew in the second quarter, dodging a recession thanks to solid global demand for its tech products, though some analysts caution that rising rates in the United States could lift local borrowing costs in a blow to household spending.

The affluent city-state has been among a number of export-reliant Asian economies to benefit from a

Global sovereign credit cycle seen improving: Fitch

The global sovereign credit cycle is likely to turn less negative in 2017 as the global GDP growth forecast for 2017 and 2018 had improved, ratings agency Fitch said on Wednesday.

"The biggest constraint on ratings is high and still-rising government debt levels, evident in both developed and emerging markets, leaving sovereigns exposed to a change in the global interest rate env

Preview: Chinas battle against debt to slow second-quarter GDP growth to 6.8 percent

BEIJING - China's economic growth is expected to have cooled to 6.8 percent in the second quarter as Beijing tightens the screws on financial risks, a Reuters poll showed, in a sign the world's second-biggest economy is set for a further slowdown over the coming quarters.

The survey of 60 economists suggested government efforts to flush out property speculator

India may clock GDP growth of 6.9% in FY18: Report

Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9 per cent in this financial year, says a report. According to a report by BMI Research, India's growth is expected to pick up following the negative ramifications from the demonetisation drive in November 2016, but weak public banks will likely cap the recovery.

<
Industry to contribute $ 280 bn to GDP due to GST: Study

A study has indicated that the industry is expected to contribute USD 280 billion to India’s GDP in eight to nine years due to a positive fallout of the Goods and Services Tax (GST) as structural changes in the ease of doing business will propel growth. As per reports, the study was done by ASSOCHAM-Ashvin Parekh Advisory Services. The Mumbai-headquartered body is a global management cons

Industry to add $280 billion to GDP from GST in 8-9 years

 Industry is expected to contribute $280 billion to Indias GDP in eight to nine years due to a positive fallout of the Goods and Services Tax (GST) as structural changes in the ease of doing business will propel growth, a study said on Wednesday.

The study was done by ASSOCHAM-Ashvin Parekh Advisory Services. The Mumbai-headquartered body is a global management consulting fi

GDP growth not as encouraging as it seems: Bajaj

India's GDP growth of 7.1 per cent achieved last fiscal is not as encouraging as it might seem despite the expansion rate being better than all developed countries, according to Bajaj Auto Chairman Rahul Bajaj, reported PTI. Impact of lack of significant investments in the last 4-5 years; inability of private sector to put in fresh capital with availing of loans becoming an issue due to ris

India`s shadow economy to shrink to 13.6% of GDP: ACCA

A study by Association of Chartered Certified Accountants (ACCA) has said that the "shadow economy" in India will shrink to 13.6 per cent of the GDP by 2025. Shadow economy refers to the production of and trade in goods and services that are deliberately and often illegally concealed from public authorities. Commenting on the issue, the study said, “The shadow economy in India c

GST to boost GDP growth, increase tax revenue: Moody's

Implementation of the GST will be positive for India's rating as it will lead to higher GDP growth and increased tax revenues, Moody's Investors Service said. "Over the medium term, we expect that the GST will contribute to productivity gains and higher GDP growth by improving the ease of doing business, unifying the national market and enhancing India's attractiveness as a for

India`s GDP growth to improve driven by consumption: Nomura

A Nomura report has said that India's GDP growth witnessed a slump in January-March quarter, but the economy is expected to see gradual improvement in growth numbers primarily driven by consumption in the upcoming quarter. According to the Japanese financial services major, consumption has recovered from the demonetisation "shock" and while external demand has moderated slightly,

NCAER revises India`s economic growth to 7.6%: Reports

Economic think-tank NCAER has said that it has revised up its projection for the India's economic growth to 7.6 per cent for the current fiscal, compared with the earlier prediction of 7.3 per cent on forecast of normal monsoon. Commenting on the issue, a NCAER Official told the media, “Prospects for the agricultural sector in 2017-18 remain optimistic on forecast of good rains.