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BNP Paribas expects GDP to touch 5.1% in FY15

French bank BNP Paribas' wealth management arm today said it expects the economy to expand by 4.3 per cent this fiscal and the growth to pick up and touch 5.1 per cent in FY15."GDP growth for FY14 expected to be 4.3 per cent and FY15 growth to gather more steam, economy to expand at 5.1 per cent," it said in a note published here.GDP growth stood at 4.6 per cent for the first half of the fiscal but...
Source : Ndtv |
Category : Others | City : Mumbai

10 things about India’s balance sheet

India’s overall debt measured as a percentage of the GDP has been rising. According to Morgan Stanley, a global investment bank, it has increased to 136% of gross domestic product or GDP in fiscal year 2013-2014 from 104% of GDP FY 2000. To give you a perspective, Singapore’s total debt is 268% of GDP; the highest in the region and Indonesia’s at 57% of GDP, the lowest.As a contributor to the country’s...
Source : Yahoo Finance |
Category : Personal Finance

Governors erupt in partisan dispute at White House

Louisiana Gov. Bobby Jindal, center, speaks to reporters outside the White House in Washington, Monday, Feb. 24, 2014, following a meeting between President Barack Obama and members of the National Governors Association (NGA). From left are, Maryland Gov. Martin O'Malley, NGA Chair, Oklahoma Gov. Mary Fallin, Jindal, Vermont Gov. Peter Shumlin, and Connecticut Gov. Dannel Malloy.Photo: Charles Dharapak,...
Source : News Times |
Category : Science N Technology | City : National

People in urban slums contribute over 7% of GDP: Study

bus"Assuming urban GDP is about 60 per cent of total GDP, the total contribution of informal settlement dwellers to urban GDP of India is 7.53 per cent," said a study released.is about 60 per cent of total GDP, the total contribution of informal settlement dwellers to urban GDP of India is 7.53 per cent," said a study released." -- on economic contribution of urban informal settlements dwellers to...
Source : The Economic Times |
Category : Business

Inflation has now entered alarming levels: ZyFin Research

yearsZyFin Research estimates India’s GDP Growth in September at 4.9%; Q2 GDP at 4.7%(formerly BluFin), a leading financial research and analytics company today announced its estimate of monthly GDP growth (mGDP).ZyFin Research estimates that in the month of September, GDP grew by 4.9% compared to September’12. Further, Q2 FY’13 GDP growth is estimated by ZyFin to be 4.7%. While the estimates indicate...
Source : Indiainfoline |
Category : Business

The Week That was

added.India's economic performance has proved to be a major disappointment in recent times, with GDP growth decelerating from above 9 % in 2010 to as low as 4.4% in the April-June quarter.Gross domestic product (GDP) stood at 4.8% in the second quarter of current fiscal. GDP grew at 4.4% in first quarter of current fiscal. Central Statistical Organization released the official GDP estimates for second...
Source : Indiainfoline |
Category : Business

India's fiscal deficit may rise to 8.5% of GDP in FY14: International Monetary Fund

India's fiscal deficit may rise to 8.5% of GDP in FY14: International Monetary FundIndia's fiscal deficit may rise to 8.5% of GDP in FY14: International Monetary FundThe International Monetary Fund today said India's fiscal deficit is expected to increase to 8.5% of the GDP this financial year, mainly due to the downward revision in GDP growth, depreciation of rupee and higher global oil prices. This...
Source : DNA |
Category : Others | City : Mumbai

India’s CAD narrows sharply to 1.2% of GDP

frequentCurrent account deficit fell to US$ 5.2bn in Q2 FY14 from US$ 21bn (5%of GDP in Q2 FY13)India’s current account deficit (CAD) narrowed sharply to US$ 5.2 billion (1.2 per cent of GDP) in Q2 of 2013-14 from US$ 21.0 billion (5.0 per cent of GDP in Q2 of 2012-13), also much lower than 4.9 per cent of GDP in Q1 of 2013-14.The lower CAD was primarily on account of a decline in the trade deficit...
Source : Indiainfoline |
Category : Business

UK Q1 GDP Steady 0.80%

GDP in volume terms was estimated to have increased by 0.8% between Q4 2013 and Q1 2014, unrevised from the second estimate of GDP published 22 May 2014. The last quarter growth was estimated up by 0.70%.Between Q1 2013 and Q1 2014, GDP in volume terms increased by 3.0%, revised down 0.1 percentage points from the previously published estimate.GDP is estimated to have increased by 1.7% in 2013, compared...
Source : Indiainfoline |
Category : Commodities

Colorado governor backpedals on gun-control laws he signed

Colorado Gov. John Hickenlooper told a sheriffs' group that he did not fully vet gun-control bills that he signed into law.Colorado Gov. John Hickenlooper told a sheriffs' group that he did not fully vet gun-control bills that he signed into law. (David Zalubowski / Associated Press)Colorado Gov. Hickenlooper championed gun-control measures; now he says he regrets themColorado Gov. Hickenlooper apologizes...
Source : Los Angeles Times |
Category : Religion
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