Economy

China has lowered its final 2017 GDP growth from 6.9%, announced initially, to 6.8%, the National Bureau of Statistics of China said on Friday.   China calculates its GDP in two phases: first, preliminary estimations are done, which gave rise to the figure of 6.9% revealed in January...
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Inflation has eased in the economy both at the retail and wholesale level in the month of December 2018. The retail inflation for the month eased to an 18-month low to 2.2%, lower than CARE Ratings’ expectation of 2.9%. It was lower than 2.3% in the previous month and 5.2% in December...
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The Comptroller and Auditor General of India (CAG) has pulled the union government for increasingly resorting to off-budget financing for revenues as well as capital spending. To address these issues, the government should consider "putting in place" a policy framework for off-budget...
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Lower food and fuel prices eased India's annual rate of inflation based on wholesale prices to 4.64% in November from 5.28% in October, official data showed here on Friday.   However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of...
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After registering a growth of 8.2% in first quarter (Q1) of FY2019, gross domestic product (GDP) growth in Q2 decelerated sharply to 7.1%. The gross value added (GVA) growth stood at 6.9% in Q2 compared to 8.0% in Q1. There are several concerns with the latest GDP print, like the slowdown in...
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