NSO pegs India’s GDP growth at 5% for FY20
Advance estimates from the National Statistical Office (NSO) peg India’s GDP to grow at 5% in FY20 as compared to FY19’s 6.8%; manufacturing is projected to grow just 2%.
gdp growth
January 2020
December 2019
October 2019
Mutual funds focussed on debt in 2019
Net equity investments of mutual funds fell over 55%, while their investments in debt rose over 59% compared to 2018.
Inflation nudged RBI to wait and watch
The Monetary Policy Committee meeting minutes reveal that its members were bogged down by rising inflation and slowing growth, which could mean status quo going forward.
The death of trust
India’s current slowdown is as much a result of the lack of trust between various stakeholders in society as the poor domestic and global economic conditions.
RBI slashes repo rate by 25 bps to 5.15%
The central bank, according to the policy statement, intends to continue with an accommodative stance as long as it is necessary to revive growth, while ensuring inflation remains within target.
