ICRA forecasts lower GDP growth in Q2 of FY20

KOLKATA: Leading ratings firm ICRA expects further deterioration in the growth of India’s GDP to 4.7 per cent in Q2 of FY2020, due to weakening momentum in industry. The ICRA also forecast the country’s gross value added (GVA) at basic prices in year-on-year (YoY) basis to 4.5 per cent respectively in the quarter ending September … Read more ICRA forecasts lower GDP growth in Q2 of FY20

View: Its the start of a structural problem, not a temporary cyclical one

By Omkar Goswami After going through three successive quarters of slowdown in India, and with the prospects of that continuing for some more, every thinking economist is asking one question: is this cyclical or structural? In other words, is it just a series of bad quarters that will right itself soon enough with adequate monetary … Read more View: Its the start of a structural problem, not a temporary cyclical one

Steel sector to weaken in FY20 due to twin impact of softer prices and high input cost

Fundamentals for the steel sector are likely to weaken in FY20 under the twin impact of softer prices and higher input costs on the back of low demand. Domestic steel companies will be impacted by muted demand from auto sector, even though government projects in affordable housing and infrastructure are expected to improve the demand … Read more Steel sector to weaken in FY20 due to twin impact of softer prices and high input cost

Services growth sinks to one-year low in May, dented by elections: PMI

services

Activity in India’s dominant services sector grew at its slowest pace in a year in May, hurt by weak domestic demand, a private survey showed on Wednesday, while a sharp easing in price pressures virtually cemented the case for another rate cut this week. The Nikkei/IHS Markit Services Purchasing Managers’ Index fell to 50.2 in … Read more Services growth sinks to one-year low in May, dented by elections: PMI

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