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Tag Archives: GDP

Govt unveils Rs 9 lakh cr package to boost economy

New Delhi : Seeking to boost note ban and GST-hit economy, Finance Minister Arun Jaitley today announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth. Flanked by all his five secretaries and Chief Economic Advisor, ... Read More »

It’s the Happiest Place on Earth, But It’s Not Where You Think It Is

In 1972, King Jigme Singye Wangchuck announced that rather than measure progress merely through GDP; Bhutan would instead pursue happiness as its path towards development. As a result of the king’s decision, now there’s no place like Bhutan. Disney’s claim to being “The Magic Kingdom” or “Happiest Place on Earth” ... Read More »

India’s Q1 GDP growth falls to 5.7%, hits 3-year low

NEW DELHI: India’s GDP or gross domestic product grew 5.7 per cent on a year-on-year basis during the April-June period (Q1), government data showed on Thursday. During the previous quarter (January- March) the GDP had grown by 6.1 per cent. The GDP growth rate for the same quarter last year was 7.9 per cent. ... Read More »

India’s GDP projected to slow to 6.6 pc post-demonetisation, says IMF

WASHINGTON: India’s growth is projected to slow to 6.6 per cent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of “temporary disruptions” caused by demonetisation, the IMF said today. In its annual report, however, the International Monetary Fund (IMF) said demonetisation would have only short term impact […] Read More »