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%.
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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.
SBI expects India’s economic slump to deepen
SBI expects India’s GDP growth to decline to 4.2% in the second quarter from its six-year low of 5% in Q1 due to low auto sales and bleak investment outlook.
$2k per capita GDP to drive consumption
According to Central Statistics Office estimates India’s GDP at current prices is expected to touch Rs 188.41 lakh crore in 2018-19.
