Growth in India’s services activity slows to five-month low in May: Survey
As per the index, compiled by S&P Global, the growth in the services slowed as the robust domestic demand weakened.
As per the index, compiled by S&P Global, the growth in the services slowed as the robust domestic demand weakened.
The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday.
India’s growth rate is expected to be the highest in the near future, which will make it one of the…
“The vikas dar (growth rate) of US was 7.9 per cent while that of India was 8.10 per cent,” said the BJP chief.
The economic survey report in the state assembly presented by Food and Civil Supplies Minister Amarjit Bhagat estimated the GDP at 8 per cent, which is higher than the previous year's market value.
Interestingly, as per the data furnished by the National Statistical Office (NSO), the revised second quarter GDP growth rate stood at 5.1 per cent from the earlier 4.5 per cent.
The IMF has slashed India's growth rate to 4.8 per cent for the current fiscal year which was expected to rise to 5.8 per cent in 2020.
The RBI's monetary policy committee (MPC) in its fourth policy review of the current fiscal also revised the GDP outlook for FY2019-20 to 6.1 per cent from the previous 6.9 per cent.
He rubbished the BJP's claim of higher growth rate as "bogus" and concocted by the Niti Aayog.
In 2017, India had recorded a 6.7 per cent growth rate.
