Economy To Grow At 5.3%: PMEAC

C. Rangarajan

In its report on the Economic Outlook for 2013-14, the Prime Minister’s economic advisory council (PMEAC) has predicted the economy to grow at 5.3% in this fiscal year, faster than the 5% growth rate in the previous fiscal year. C. Rangarajan, chairman of the council, said the higher growth estimate is due to expectations of healthy farm output, which is … [Read more...]

India’s GDP To Improve To 5.7% In 2013: IMF

Regional-Economic-Outlook.jpg

According to IMF’s  Regional Economic Outlook: Asia and Pacific' Report, India’s GDP is likely to improve to 5.7 per cent in 2013 and further to 6.2 per cent a year after. For Asia as a whole the economic growth is likely to be 5.7 per cent this calendar year and 6 per cent in 2013. As per IMF's projections, India's real economic growth was 11.2 per … [Read more...]

Bihar Is Fastest Growing State

Bihar has emerged as the fastest growing state in the country with a growth rate of 10.9 per cent. According to the Planning Commission data, Bihar was the slowest growing state during 2001-05 period with GDP figure of 2.9 per cent. However, between 2006 and 2010, it grew at 10.9 per cent, becoming the fastest growing state and shedding the tag of BIMARU (an … [Read more...]

Mid-year Economic Review

Mid-year Economic Review for 2012-13 was tabled in Lok Sabha on December 17. It stated that the government has lowered the economy’s official growth forecast to between 5.7 per cent and 5.9 per cent for this fiscal year. However, the report is optimistic about meeting the fiscal deficit target of 5.3 per cent during the current fiscal. The economy is … [Read more...]

India’s GDP and population, state by state

"According to a new report by PricewaterhouseCoopers, in 2010 some 470m Indians had incomes between $1,000 and $4,000 a year. The consultancy reckons that this figure will rise to 570m within a decade, creating a market worth $1 trillion. The big Indian firms that are doing best—such as Mahindra and Mahindra, a carmaker, Hero MotoCorp, which makes … [Read more...]

Economic Growth Dips To 5.5% In Apr-Jun Qtr

Economic growth declined to 5.5 per cent in the April-June quarter this fiscal due to poor performance of manufacturing, mining and farm sectors. The gross domestic product (GDP) had expanded by 8 per cent in the April-June quarter of 2011-12. During the quarter ended June 30, the manufacturing sector grew marginally by 0.2 per cent, against 7.3 per cent … [Read more...]