Slowdown cyclical, growth will pick up in 1-2 years: Former RBI governor Bimal Jalan
5 years, 5 months ago

Slowdown cyclical, growth will pick up in 1-2 years: Former RBI governor Bimal Jalan

Firstpost  

New Delhi: The current slowdown in the Indian economy is cyclical and growth will pick up in one or two years, former RBI Governor Bimal Jalan said on Sunday. The Asian Development Bank had also lowered India’s GDP growth forecast to 7 percent for the current year on the back of fiscal shortfall concerns. “The government has already announced that it will be for 5-20 years, it should not be for short term,” the former chairman of the Expenditure Management Commission said. Asked what were the biggest risks for the Indian economy, Jalan, also a former member of Parliament, said he thinks unemployment is a very important problem.

India Indian Jalan Slowdown Cyclical  overseas  governor  growth  slowdown  cyclical  announced  pick  today  indian  rbi  bimal  quite  jalan  economy  12  term

History of this topic

India’s high-frequency indicators recovering in Q3, to lift GDP in H2: RBI December Bulletin
Trending News
3 weeks, 1 day ago

India’s high-frequency indicators recovering in Q3, to lift GDP in H2: RBI December Bulletin

Live Mint  

Mumbai: Several high-frequency indicators for the third quarter of the current financial year show that the Indian economy is recovering from the slowdown in momentum witnessed in the previous three months ended September, according to a paper in the Reserve Bank of India’s monthly bulletin. The recovery in Q3 of FY25 is being driven by strong festival activity and sustained …

Economy rebounds in Q3 with boost from festivals and rural demand: RBI
3 weeks, 1 day ago

Economy rebounds in Q3 with boost from festivals and rural demand: RBI

India Today  

The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India bulletin released on Tuesday. "High frequency indicators for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed …

Will India's economic growth pick up pace? Nirmala Sitharaman answers
4 weeks, 1 day ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

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 chief economic adviser calls for deregulation to spur growth
1 month, 2 weeks ago

India’s chief economic adviser calls for deregulation to spur growth

Live Mint  

New Delhi: India’s chief economic adviser V. Anantha Nageswaran emphasised the need for several measures including deregulation and a focus on key structural reforms after the country’s economic growth slowed for a second consecutive quarter. Nageswaran attributed the slowdown in India’s GDP growth during the second quarter to a combination of global factors, including excess manufacturing capacity in other regions …

Land, labour, agri law reforms needed for growth: RBI Governor Shaktikanta Das
4 months, 1 week ago

Land, labour, agri law reforms needed for growth: RBI Governor Shaktikanta Das

New Indian Express  

MUMBAI: The Reserve Bank Governor Shaktikanta Das on Thursday said the country’s growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented by reforms in land, labour and agricultural markets. He also sounded sanguine about the economy growing at the projected 7.2% this fiscal and that the Q1 poor …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
11 months, 1 week ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

The march of prudence
11 months, 1 week ago

The march of prudence

Live Mint  

They underline fiscal rectitude, continuation of the great Indian build-out and abstinence from a consumption-driven steroidal push. The first advance estimate from the National Statistical Office has pegged India’s gross domestic product growth at a better-than-expected 7.3% for the current fiscal, in line with the strong economic performance reflected in the high-frequency data. In the milieu, budgetary capex is estimated …

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das
11 months, 4 weeks ago

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das

India TV News  

Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland. We expect the Indian economy to grow 7 per cent in fiscal 2024-25," said Das. …

DC Edit | Economy in the right direction
1 year, 7 months ago

DC Edit | Economy in the right direction

Deccan Chronicle  

The report that India’s gross domestic product grew at 6.1 per cent during the January-March quarter of the fiscal year 2022-23 is yet another indicator that the country’s economy is healthy and headed in the right direction. This will push the overall growth rate to 7.2 per cent for the full year, April 2022 to March 2023. Electricity, gas, water …

GDP growth may cross 7% in 2022-23: RBI Governor
1 year, 7 months ago

GDP growth may cross 7% in 2022-23: RBI Governor

The Hindu  

India’s GDP growth in 2022-23 may well surpass the 7% estimate, while retail inflation is likely to go below the 4.7% mark this month, and gross non-performing assets in the banking system have likely dipped further in the January to March 2023 quarter, Reserve Bank of India Governor Shaktikanta Das said on Wednesday. “I will not be surprised if India’s …

India's economic growth to slow down considerably this year: Economists
1 year, 8 months ago

India's economic growth to slow down considerably this year: Economists

India Today  

Top global institutions have forecast India to be the fastest-growing economy in FY24, as the country remains resilient from global shocks that have brought major economies to their heels. India’s domestic growth prospects remain robust, but economists feel that there is no escaping the cascading impact of the global economic slowdown, which could hurt various key segments of growth. The …

Indian economy likely to grow at 6.5 per cent in coming decade, predicts CEA
1 year, 9 months ago

Indian economy likely to grow at 6.5 per cent in coming decade, predicts CEA

Live Mint  

Chief Economic Advisor V Anantha Nageswaran on Wednesday said that the Indian Economy is likely to grow at the rate of 6.5 per cent in the coming decade on the back of the turnaround in financial and investment cycle. "So, I think the restoration of the financial, credit and the investment cycle in the commercial sector and the real estate …

'When everyone is slowing, India is doing better in economic growth…', says IMF
2 years, 3 months ago

'When everyone is slowing, India is doing better in economic growth…', says IMF

Hindustan Times  

When everyone is slowing down in terms of economic growth, India has not remained unimpacted, but is doing better and is in a relatively bright spot compared to other countries, a top International Monetary Fund official said on Tuesday. 'When everyone is slowing, India is doing better in economic growth…', says IMF Just look at the global conjuncture right now, …

Union Budget 2020-21: Narendra Modi says fundamentals of Indian economy strong, has capacity to bounce back
5 years ago

Union Budget 2020-21: Narendra Modi says fundamentals of Indian economy strong, has capacity to bounce back

Firstpost  

Unfazed by projections of GDP growth slowing to an 11-year low in the current fiscal, Prime Minister Narendra Modi on Thursday said fundamentals of the Indian economy are strong and it has the capacity to bounce back New Delhi: Unfazed by projections of GDP growth slowing to an 11-year low in the current fiscal, Prime Minister Narendra Modi on Thursday …

India's growth rate didn't match increase in jobs: IMF
5 years ago

India's growth rate didn't match increase in jobs: IMF

India Today  

The International Monetary Fund has said that India's high growth rate in recent years did not lead to a matching increase in formal sector jobs and labour market participation has declined. Briefing reporters, the IMF Mission Chief for India, Ranil Salgado, said that other contributing factors included the "abrupt reduction in non-bank financial companies' credit expansion and the associated broad-based …

Economic slowdown cyclical in nature, not structural: CEA Subramanian
5 years, 1 month ago

Economic slowdown cyclical in nature, not structural: CEA Subramanian

Live Mint  

Chief economic advisor Krishnamurthy Subramanian on Monday said India’s economic slowdown is more cyclical than structural in nature, and the government has a well-thought-out agenda for reforms to revive the economy. The steps we are taking, like the corporate tax rate cut, are intended to create a more favourable environment for investments that are required for sustained growth," Subramanian said …

India in growth recession; extreme centralisation of power in PMO not good: Rajan
5 years, 1 month ago

India in growth recession; extreme centralisation of power in PMO not good: Rajan

The Hindu  

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 …

India braces for shock GDP as Modi scrambles to spur economy
5 years, 1 month ago

India braces for shock GDP as Modi scrambles to spur economy

Live Mint  

New Delhi: Explore what’s moving the global economy in the new season of the Stephanomics podcast. “Domestic demand is displaying chronic weakness, with an apparent credit crunch afflicting wide swaths of the economy,” said Taimur Baig, chief economist at DBS Group Holdings Ltd. in Singapore. “Production and sales are under pressure, and public spending is running out of room due …

Economic slowdown cyclic in nature but right time to invest in India: Commerce Minister Piyush Goyal
5 years, 3 months ago

Economic slowdown cyclic in nature but right time to invest in India: Commerce Minister Piyush Goyal

Firstpost  

New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said that the recent economic slowdown is a cyclic structural adjustment, and it is the right time to invest in India before growth bounces back. It is an opportunity for all of us to reassess capacities, productivity, costs of production, says Commerce Minister @PiyushGoyal pic.twitter.com/IaHqLyOlli — CNBC-TV18 October 15, 2019 …

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 may have entered ‘quasi-recession’ as growth plummets
5 years, 4 months ago

India may have entered ‘quasi-recession’ as growth plummets

Live Mint  

India’s longest growth slump since 2012 is heightening concern that it may be tough for policy makers to reverse the slowdown. “Growth has now slipped below the long term trend of 6.6% for two consecutive quarters, which implies that India is effectively in a quasi-recession,” Teresa John, an economist at Nirmal Bang Equities Pvt. While the standard macroeconomic definition of …

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 …

India facing prolonged slowdown: Manmohan Singh
5 years, 4 months ago

India facing prolonged slowdown: Manmohan Singh

The Hindu  

Former Prime Minister Manmohan Singh on Sunday said the 5% growth in India’s Gross Domestic Product signalled a prolonged slowdown and asked the government to engage with “thinking minds by shunning vendetta politics to take the economy out of a man-made crisis.” In a video statement, he said the state of the economy was “deeply worrying” and the near zero% …

GDP Growth for Q1 Hits 24-Quarter Low at 5% as Manufacturing Takes a Beating
5 years, 4 months ago

GDP Growth for Q1 Hits 24-Quarter Low at 5% as Manufacturing Takes a Beating

News 18  

New Delhi: The Central Statistical Office in its official release on Friday said that India's quarterly GDP has come down to 5 per cent as compared to 5.8 per cent in the last quarter of the financial year. Cutting down FY20 GDP growth to 6.7 per cent from its earlier forecast of 7.3 per cent, India Ratings and Research 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 …

India not growing as fast as it should: IMF chief Christine Lagarde tells India Today
5 years, 11 months ago

India not growing as fast as it should: IMF chief Christine Lagarde tells India Today

India Today  

India should be growing faster than the rate at which it is growing now, observed IMF Managing Director Christine Lagarde at the World Economic Forum in Davos. Speaking to India Today TV, International Monetary Fund chief Lagarde said that given the demographic conditions, Indian economy should be growing at a greater pace than what it is doing right now. Earlier …

Q&A with Bimal Jalan, former governor of the RBI
6 years, 1 month ago

Q&A with Bimal Jalan, former governor of the RBI

Deccan Chronicle  

Bimal Jalan is a former governor of the RBI and was a nominated member of the Rajya Sabha during 2003-09. You were RBI governor during Asian crisis in late 1990s and today we are facing somewhat similar situation where a strong American growth and prospects of further hike in interest rates in the United States is resulting in Indian currency …

Discover Related