Economic slowdown is here, show various indicators
5 years, 2 months ago

Economic slowdown is here, show various indicators

The Hindu  

The months of August and September marked among the lowest lows for the Indian economy, according to various indicators. This was in line with what IMF chief Kristalina Georgieva suggested -- the emerging markets such as India will experience an even "more pronounced" effect admist a "synchronised slowdown" in the global economy. image/svg+xml Credit to commercial sector down Non-food credit from banks to the commercial sector from April 1 to September 13, 2019 was a negative ₹93,688 crore. image/svg+xml The core is weak The volume of production in eight core industries in August 2019 grew at -0.5%, the lowest in 52 months Recession in the five sectors was first encountered in August. image/svg+xml Confidence is down Due to the slowdown, consumer responses marked an increase in pessimism among urban citizens in the most recent RBI confidence survey.

Sector Rbi Economic Slowdown  rbi  sector  2019  months  credit  various  lowest  indicators  negative  economic  slowdown  commercial  marked

History of this topic

DC Edit | Fall in consumption signals economic slump lies ahead
6 days, 12 hours ago

DC Edit | Fall in consumption signals economic slump lies ahead

Deccan Chronicle  

The Indian economy is likely to record the slowest growth in the last four years at 6.4 per cent in the next financial year 2024-25, according to the first advance estimates released by the government on Tuesday. The growth in the manufacturing sector, constrained by weak exports and slowing global demand, is expected to muted at 5.3 per cent from …

Consumer, business confidence to drive growth: RBI governor Sanjay Malhotra
2 weeks, 1 day ago

Consumer, business confidence to drive growth: RBI governor Sanjay Malhotra

Live Mint  

Prospects for the Indian economy are expected to improve in 2025 thanks to high consumer and business confidence, Reserve Bank of India governor Sanjay Malhotra said in his foreword to the Financial Stability Report, which pegged the real GDP growth for the current fiscal year at 6.6%. In the bi-annual report released on Monday, Malhotra said that despite global uncertainties, …

How the Indian economy fared in 2024, in 9 charts
3 weeks, 1 day ago

How the Indian economy fared in 2024, in 9 charts

Live Mint  

The year 2024 kept governments across the world on tenterhooks, with more than 60 countries, including India, holding elections, injecting uncertainty about how the outcomes would shape future fiscal, monetary, and trade policies. The Indian economy faced several challenges in 2024, from slowing growth to stubborn inflation to risks associated with personal loan growth. While the fight against inflation made …

India’s GDP growth shocker: Bad news can be good too
1 month, 1 week ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s growth slowdown: Yes, RBI does need to respond
1 month, 1 week ago

India’s growth slowdown: Yes, RBI does need to respond

Live Mint  

The Indian economy is in the midst of a cyclical slowdown. The Indian government is still in the process of getting public finances back into shape after the pandemic shock, when it had to support economic activity even as tax collections collapsed. There is a compelling case for the monetary policy committee, which is meeting this week to decide its …

India’s buzzing economic activity belies fears of a slowdown
1 year, 11 months ago

India’s buzzing economic activity belies fears of a slowdown

Deccan Chronicle  

India’s economy picked up speed in December as business conditions improved, marking a rebound for the South Asian nation that had showed signs of a slowdown the preceding month. The needle indicating so-called animal spirits moved right after holding steady for five straight months — indicating stronger overall economic activity as 2022 drew to a close. The reading comes ahead …

Keep an eye on these economic indicators in 2023
2 years ago

Keep an eye on these economic indicators in 2023

Live Mint  

Global headwinds, tightening monetary policy and the lingering effects of the pandemic have combined to create a gloomy global outlook. In its December bulletin, the Reserve Bank of India said that with balance of risks being tilted towards a darkening global outlook and emerging markets appearing more vulnerable, the Indian economy needs support from domestic growth drivers. Sectoral deployment of …

Global slowdown not mirrored in India, says Finance Ministry
2 years ago

Global slowdown not mirrored in India, says Finance Ministry

The Hindu  

India’s economic momentum has been sustained well in the third quarter of 2022-23 and there is cause for cautious optimism as the slowdown in global economic activity is not mirrored in India’s performance of various high-frequency indicators, the Finance Ministry said on December 23, 2022. The downsides of India’s widening current account deficit are expected to be limited by a …

Economy resilient, on course to acheive 7% growth in FY23: RBI article
2 years, 1 month ago

Economy resilient, on course to acheive 7% growth in FY23: RBI article

The Hindu  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient and on course for about 7% GDP growth in the current fiscal though India is still sensitive to global headwinds, according to an article released by the RBI on Friday. In the article, the authors - led by RBI Deputy Governor Michael Debabrata …

Why the RBI is unlikely to slow down in curbing inflation
2 years, 3 months ago

Why the RBI is unlikely to slow down in curbing inflation

Live Mint  

Global growth is slowing rapidly, inflation is stubbornly high and central banks in developed nations are hiking interest rates by magnitudes not seen in decades. At other times, new data sources are introduced to make statistics more accurate, particularly to capture India’s informal sector better. Why the wait for new trade policy just got longer Busted: The myth of India …

Bad loans: Why, this time, it’s different
2 years, 9 months ago

Bad loans: Why, this time, it’s different

Hindustan Times  

Non-performing assets or bad loans of banks have come down to their lowest levels, Reserve Bank of India governor Shaktikanta Das said at a Confederation of Indian Industry event on March 21. When seen in the context of gross NPA share falling to 6.9% of all loans, according to RBI’s Financial Stability Report released in December 2021 — the latest …

Indian Economy Weak, Credit Growth Bottoming Out: Report
3 years, 11 months ago

Indian Economy Weak, Credit Growth Bottoming Out: Report

News 18  

American brokerage BofA Securities on Friday said the Indian economy continues to be weak, pointing to activity indicators tracked by it. On the credit growth front, it said the rise in banking system advances seems to have bottomed out and the system will close with a growth of 6.2 per cent in the financial year 2021. The credit growth for …

Rate of Decline in Key Segments of Economy Has Slowed in July, Says Assocham
4 years, 4 months ago

Rate of Decline in Key Segments of Economy Has Slowed in July, Says Assocham

News 18  

New Delhi: The rate of decline in output of core segments of the economy has been arrested significantly in July, industry chamber Assocham said on Monday. After a contraction of 15 per cent in Q1 of 2020-21 over the same quarter in the previous fiscal, coal production dropped at a much lesser pace of 5.7 per cent in July, it …

Ominous signals: on slowdown of India's economy
4 years, 7 months ago

Ominous signals: on slowdown of India's economy

The Hindu  

India’s economy is in a severe slowdown that is only going to get worse in a pandemic-stricken world. Three months after Finance Ministry mandarins prognosticated that India’s growth slowdown had bottomed out, the latest economic data has belied that prediction. Crucially, the GDP growth estimates for the January-March quarter and the full fiscal year barely reflect the impact of the …

Explained | Is the economy in really bad shape?
5 years ago

Explained | Is the economy in really bad shape?

The Hindu  

The story so far: On November 30 this year, India’s statistical machinery revealed that growth in the quarter from July to September had slipped to 4.5%. Mr. Subramanian’s paper with Mr. Felman reckons that India’s current crisis is driven by both cyclical and structural factors — but problems in finance have exacerbated the slowdown. What’s the Way Out?”, underlines: “All …

India's weak household consumption to curb economic growth: Moody's
5 years ago

India's weak household consumption to curb economic growth: Moody's

India TV News  

Moody's Investors Service on Monday said that India's weak household consumption will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors. Moody's has lowered its GDP growth projection for India for the fiscal year ending March 2020 to 4.9 per cent from 5.8 per cent. The major factors responsible for weakening economic …

India's growth forecast for 2020-21 cut to 5.1% by ADB
5 years, 1 month ago

India's growth forecast for 2020-21 cut to 5.1% by ADB

India Today  

In another sharp downgrade for the Indian economy's outlook, the Asian Development Bank has revised the estimate for India's growth rate in the financial year 2019-2020 downwards to 5.1 per cent from the previous forecast of 6.5 per cent. Further, it has also cut the estimate for the next fiscal, FY 2020-21 to 6.5 per cent from 7.2 per cent. …

Raghuram Rajan cautions government on economy again
5 years, 1 month ago

Raghuram Rajan cautions government on economy again

India TV News  

Former Reserve Bank of India governor Raghuram Rajan said India is in the midst of a "growth recession" with signs of deep malaise in the Indian economy that is being run through extreme centralisation of power in Prime Minister's Office and powerless ministers. Stating that previous governments may have been untidy coalitions but they consistently took path of further economic …

Once the world’s fastest growing economy, India faces a slowdown
5 years, 1 month ago

Once the world’s fastest growing economy, India faces a slowdown

Al Jazeera  

India’s economy grew at the slowest pace in more than six years and the pain is widespread. “The private sector is definitely down both for consumption and investment and that’s the fundamental problem in the economy today,” said Madan Sabnavis, chief economist at CARE Ratings. “We’ll have to live with this low growth scenario for the rest of the year.” …

Economic slowdown: Manufactured crisis
5 years, 2 months ago

Economic slowdown: Manufactured crisis

The Hindu  

ALL observers—the government, the corporate sector and independent analysts—are unanimous that the Indian economy has been on a downswing. That the gross domestic product growth rate in the first quarter of 2019-20 fell drastically to 5 per cent made a big splash in the news and made the Central government grudgingly accept the problem. The objective of this paper is …

A nervous economy: Why sops are proving to be a tough sell
5 years, 2 months ago

A nervous economy: Why sops are proving to be a tough sell

India Today  

Despite the various measures taken by the government to boost investment, corporates seem to be shying away from taking risks, with the economy hanging on a precarious balance. Government data released on November 11 showed that factory output, as indicated by the Index of Industrial Production, fell for the second consecutive month in September, by 4.3 per cent. Data from …

Fundamentals of economy 'very very strong' says CEA Subramanian; urges industry to start making investments
5 years, 2 months ago

Fundamentals of economy 'very very strong' says CEA Subramanian; urges industry to start making investments

Firstpost  

New Delhi: Chief Economic Advisor KV Subramanian on Wednesday called upon the industry to start making investments, stressing that the fundamentals of the economy are “very very strong”. The central bank’s estimates come in the wake of GDP growth sliding to a six-year low of 5 percent in the June quarter, on a massive slowdown in consumption and private sector …

World Bank says India faces severe slowdown, slashes FY20 GDP forecast to 6%
5 years, 3 months ago

World Bank says India faces severe slowdown, slashes FY20 GDP forecast to 6%

Live Mint  

New Delhi: The World Bank slashed its economic growth forecast for India to 6% for the current fiscal from its April projection of 7.5%, citing a broad-based and severe cyclical slowdown. The World Bank joins a parade of multilateral institutions, rating firms and brokerages in cutting economic growth estimates for India, after Asia’s third-largest economy grew at the slowest pace …

‘India Still Fast-Growing Economy’: World Bank Economist
5 years, 3 months ago

‘India Still Fast-Growing Economy’: World Bank Economist

The Quint  

But since the great recession, the global financial crisis and other transmission mechanism has become much more important that it directly goes to domestic demand in the developing countries that.everywhere in the world investors are becoming very cautious, he said. We are seeing it in Pakistan and to some extent we are seeing it in Bangladesh also, though the pictures …

Consumer confidence drops to six-year low: RBI survey
5 years, 3 months ago

Consumer confidence drops to six-year low: RBI survey

Live Mint  

Mumbai: Consumer confidence dipped to six-year low in September as sentiment around employment, income and discretionary spending declined, according to Reserve Bank of India 's monetary policy released on Friday. Consumer confidence weakened in September, with both the current situation index and the future expectations index recording declines, said the RBI in its consumer sentiment survey report. The Current Situation …

RBI lowers GDP growth outlook to 6.1% as slowdown continues
5 years, 3 months ago

RBI lowers GDP growth outlook to 6.1% as slowdown continues

India Today  

The Reserve Bank of India on Friday lowered India's GDP growth estimate for the year to 6.1 per cent from the earlier figure of 6.9 per cent due to the on-going period of economic slowdown. A sharp decline in core sector growth and manufacturing activities have resulted in the slowdown, forcing the central bank to reduce its previous growth estimate …

GDP slump in June quarter prompts growth, rate-cut revisions
5 years, 4 months ago

GDP slump in June quarter prompts growth, rate-cut revisions

Live Mint  

Singapore: Economists cut their forecasts for India’s economic growth and predicted deeper interest-rate cuts after data showed a sharper-than-expected slump in output. Goldman Sachs Group Inc. and Citigroup Inc. lowered their growth projections to 6% for the fiscal year through March 2020, while Oxford Economics Ltd. said there’s a risk the expansion could be weaker than that. Data released on …

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%
5 years, 4 months ago

Slowdown in consumption: India Ratings cut GDP forecast to 6.7% for current fiscal from earlier estimate of 7.3%

Firstpost  

New Delhi: India Ratings on Wednesday lowered the country’s growth forecast to six-year low of 6.7 percent for the current fiscal from an earlier estimate of 7.3 percent on account of slowdown in consumption and moderation in industrial growth among other factors. However, average investment growth, largely constituting government and corporate sector maintenance capex, at 9.2 percent during 2016-17 to …

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous
5 years, 4 months ago

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous

Firstpost  

By now, the fear that India’s economy is slowing and slowing at a real dangerous pace has been confirmed by hard data Editor’s note: This is the seventh and concluding part of a series in which Firstpost’s columnists analyse the ongoing economic slowdown and offer solutions. In the absence of private sector participation, India’s economic growth fell to 5.8 percent …

Warning signs for Indian economy: Government spooking investors
5 years, 4 months ago

Warning signs for Indian economy: Government spooking investors

India Today  

Prime Minister Modi wanted to double the size of the economy to five trillion by 2025, but the looming economic crisis has emerged as the biggest challenge for his second term dream. India's economy has been tipped to enter recession in the first quarter of 2019 with gross domestic product growth falling to a five-year low of 5.8 per cent. …

Tracking India's economic slowdown: Path to revival will be slow, painful; govt must start work now
5 years, 5 months ago

Tracking India's economic slowdown: Path to revival will be slow, painful; govt must start work now

Firstpost  

The most positive aspect of the economic slowdown in the country is that there is official acceptance that something is amiss Editor’s note: This is the fourth part of a series in which Firstpost’s columnists analyse the ongoing economic slowdown and offer solutions. The most positive aspect of the economic slowdown in the country is that there is official acceptance …

Tracking India's economic slowdown: Narendra Modi govt has a herculean task ahead to pep up growth with dying private investment
5 years, 5 months ago

Tracking India's economic slowdown: Narendra Modi govt has a herculean task ahead to pep up growth with dying private investment

Firstpost  

There is more than enough evidence of the economy slowing down Editor’s note: This is the third part of a series in which Firstpost’s columnists analyse the ongoing economic slowdown and offer solutions. Between April 2014 and March 2019, the retail loans of banks went up by 120 percent. Between April 2009 and March 2014, the five-year period before the …

India’s economy is slowing, ramping up pressure on Modi
5 years, 7 months ago

India’s economy is slowing, ramping up pressure on Modi

Al Jazeera  

Slowing economic growth and high employment underscore challenges faced by Modi as he starts his second term. Government figures released Friday showed India‘s economy grew at a much-lower-than-expected 5.8 percent in the first three months of the year. The economic slowdown and high unemployment put pressure on Modi’s re-elected government and the central bank to stimulate the economy to boost …

Eight indicators tell us what is going wrong in Indian economy right now and why bad days await next government
5 years, 8 months ago

Eight indicators tell us what is going wrong in Indian economy right now and why bad days await next government

Firstpost  

The rural economy, which largely depends on agriculture, is in a mess. Falling prices of agricultural produce and lack of irrigation/ storage facilities have been hurting the farmers Multiple pointers are indicating the persistence of an economic slowdown in Asia’s third-largest economy. For instance, in a research note dated 4 May, Kotak Institutional Equities talked about a ‘sharp, sudden deterioration …

Indian economy is losing momentum, data shows
5 years, 10 months ago

Indian economy is losing momentum, data shows

Live Mint  

Mumbai/New Delhi: The Indian economy’s momentum continues to slow, shows the latest update of the Mint Macro Tracker, launched in October last year to provide a state-of-the-economy report each month based on trends across 16 high-frequency economic indicators. January’s score is also a shade worse than that of December 2018—which itself marked a downward slide compared to previous months—when five …

India's GDP growth likely slowed to 6.9% in December quarter, data to be out on Thursday
5 years, 10 months ago

India's GDP growth likely slowed to 6.9% in December quarter, data to be out on Thursday

Firstpost  

India’s economy likely grew at its slowest pace in over a year in the October-December quarter as weaker rural incomes and softer urban demand weighed on consumption, a Reuters poll showed Bengaluru: India’s economy likely grew at its slowest pace in over a year in the October-December quarter as weaker rural incomes and softer urban demand weighed on consumption, a …

Indian consumer sentiment moderates in August after interest rate hike: Report
6 years, 4 months ago

Indian consumer sentiment moderates in August after interest rate hike: Report

Firstpost  

Consumer sentiment in India moderated in August, as rise in interest rates, appears to have dented optimism in the housing market and also had a negative impact on personal finances, says a report. New Delhi: Consumer sentiment in India moderated in August, as rise in interest rates, appears to have dented optimism in the housing market and also had a …

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