Explained: What is GDP and why it matters
News:Recently,due to a decline in India’s Gross Domestic Product(GDP) growth rate,the ruling party has questioned the merit of the basic variable used to map economic growth that is, the GDP. …
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Gross Domestic Product growth falls to 4.5% in Q2 of 2019-20
News:According to data released by the Central Statistics Office (CSO),India’s Gross Domestic Product(GDP) growth has fallen to 4.5% for the second quarter (July-September) of the year 2019-20. Facts: About the …
Read MoreTwo ways to look at GDP
Researchers and academicians have raised doubts about the new methodology employed by the Central Statistics Office(CSO) to estimate India’s gross domestic product(GDP). In 2015,CSO had introduced a new series of …
Read MoreGDP numbers suggest high growth in the medium term: panel
Finance Commission has held discussions with the finance ministry on fiscal and economic management of the country, During the meeting,15th Finance Commission has said that the GDP numbers suggests continued …
Read MoreGovt:No impact of NSSO survey on GDP numbers
The ministry of statistics and programme implementation (MOSPI) has clarified that there will not be any impact of National Sample Survey Office (NSSO) report on gross domestic product (GDP) data. …
Read MoreChina’s GDP grows at 6.4% in Q1,defies expectations slowdown
China’s economy grew at a steady rate of 6.4% in the first quarter.The improvement in growth is due to (a)industrial production jumped sharply and (b)consumer demand showed signs of improvement. …
Read MoreWB pegs India’s GDP growth at 7.5%
According to World Bank report,India’s GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 19-20.The growth will be driven by (a)investment strengthening (b)improved export performance and (c)resilient …
Read MoreIndia will be the third-largest economy by 2030: Jaitley
Finance Minister has said that India is expected to become the third largest economy in the world by 2030 with Gross Domestic Product(GDP) touching USD 10 trillion.The growth will happen …
Read MoreRBI cuts repo rate to 6%, lowers GDP forecast to 7.2%
The six-member Monetary Policy Committee of the Reserve Bank of India has cut its benchmark policy rate,repo rate by 0.25% to 6%.Repo stands for ‘Repurchasing Option’.It refers to the rate …
Read MoreFitch cuts India GDP growth forecast for FY20 to 6.8%
Global rating agency Fitch has cut its India’s Gross domestic product(GDP) growth forecast to 6.8% for 2019-20 from the earlier estimate of 7%.It was cut due to weak momentum in …
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