Absolute decline in India’s employment post 2013: Report
"The increase in unemployment is clearly visible all across India, but is particularly severe in the northern states."
"The increase in unemployment is clearly visible all across India, but is particularly severe in the northern states."
"Banks must strive to be seen always as institutions of clean and prudent lending," he said at the annual review meeting of the public sector banks here.
The government's push for Make-in-India has led to 80 per cent of mobile phones currently in use being manufactured within the country.
According to the Central Statistics Office (CSO), the GDP at 2011-12 prices in the first quarter (Q1) of 2018-19 registered growth rate of 8.2 per cent, up from 7.7 per cent reported for Q4 of 2017-18.
Added to this was the fall of the GDP and the country's pace of development, with the Indian rupee plummeting to its lowest levels in 70 years and terrorism continuing unabated.
Ind-Ra said it expects private final consumption expenditure to grow 7.6 per cent in 2018-19 compared to 6.6 per cent in 2017-18.
In the third bi-monthly monetary policy statement for 2018-19, RBI said various indicators suggest that economic activity has continued to be strong.
Despite short-term challenges India's economic growth story remains intact and the country's GDP is expected to grow around 7.5 per cent in the current financial year.
Most respondents said they believed India would not meet the central government's fiscal deficit target of 3.3 per cent of GDP for the current fiscal.
According to the RBI, external debt rose to $529.7 billion from $471.3 billion reported for the corresponding period of 2017.
