Search Result for : Gross Domestic Product

Source: PTI Fall in global demand, dip in oil prices and appreciation of rupee against euro are some of the main reasons for decline in India's exports, Parliament was informed on Friday. Contracting for the seventh month in a row, India's exports dipped by 15.82% in June to $22.28 billion. The main reasons for the decline are "fall in global demand and fall in commodity prices, impacting terms of trade for commodity exporters", Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha. Fall in crude oil prices has resulted in consequent decline in prices as well as export realisations for petroleum products. They are major product items of exports for India, she said, adding that ...

Source: PIB, Government of India Source: PIB, Government of India   The Union Minister of Steel & Mines Narendra Singh Tomar will be the Chief Guest at the “4th India Minerals & Metals Forum 2015- Ferrous & Non Ferrous” on Wednesday June 24, 2015 to be held at Hotel Le Meridien, New Delhi. The resurgence in domestic economic growth will increase the metal consumption. The formation of new stable government at the Centre has reassured the corporate and consumer sentiment significantly. Moreover, adoption of various structural and pro-business reforms is likely to put the economic growth back on track in a phased manner. Expected improvement in domestic gross domestic product (GDP) growth is likely to improve both domestic demand for the various ...

The Dollar Business Bureau   India recorded the strongest growth in the first quarter of 2015 (2.1%, up from 1.4% in the previous quarter), while G20 GDP growth dipped slightly to 0.7% in first quarter of 2015, said data compiled by the Organisation for Economic Cooperation and Development (OECD). Compared with the same quarter of 2014, GDP for the G20 area expanded by 3.3% in the first quarter of 2015 compared with 3.2% in the previous quarter, with India recording the highest growth rate (7.5%), followed by China (7.0%). Brazil recorded the largest contraction (minus 1.1%), followed by Japan (minus 1.0%). Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.7% in the first quarter of 2015, slightly down from 0.8% ...

 The Dollar Business Bureau The Real Gross Domestic Product (GDP) of the United States decreased at an annual rate of 0.7% during January-March 2015, said an official release by the United States Department of Commerce (USDC), on Friday. While a similar value of Real GDP was last seen in Q1-1970, the last quarter with larger value of 2.2% was witnessed in  Q4-2014, and the last quarter with smaller value was -2.2% in Q1-2014, according to the second estimate comparisons of  Q1-2015 by the Bureau of Economic Analysis, USDC. This decline in the real GDP during the Q1 of 2015 reflected decline in exports of goods (mainly of capital goods, autos and parts), business investment (notably in mining exploration,  shafts ...

The Dollar Business Bureau Utilising its right to nominate the first president of the New Development Bank of the BRICS (Brazil, Russia, India, China and South Africa) that was established in 2014, India nominated its noted banker K V (Kundapur Vaman) Kamath as president of the $100 billion New Development Bank being set up by the BRICS. Kamath who is currently non-executive chairman of ICICI, has earlier worked with the Asian Development Bank. Kamath will have a five-year term of the bank, which is likely to be operationalised within one year with its headquarters in Shanghai. Russian Finance Minister Anton Siluanov will become the bank’s first Chairman of the Board of Governors, while the first chairperson of the Board ...

The Dollar Business Bureau Indian private sector business activity rose for the twelfth consecutive month, albeit at the weakest pace since October, says a HSBC Report. In its latest survey, The HSBC Emerging Markets Index (EMI), the report said that emerging markets registered a further moderation in the rate of economic growth in April. The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI™ surveys, fell to 51.3, from 51.5 in March. The latest figure signalled the weakest rate of expansion since January, and the average over the first quarter (51.6) was well below the average since the series started in late-2005 (53.6). The EMI is broadly consistent with emerging market GDP rising at an annual rate ...

 The Dollar Business Bureau The gross domestic product (GDP) for the financial year (FY) 2016, will grow by 7.7% (FY15: 7.4%), driven by a further pick up in private consumption demand. Consumption demand is expected to expand 8.1% in FY16 (FY15: 7.1% and FY14: 6.2%), said a rating agency. A significant moderation in inflation and inflationary expectations is likely to boost consumer sentiments, albeit gradually. The share of private consumption demand in GDP is around 60%. Even investment and government expenditure would provide adequate support to consumption-led GDP growth, said a report by India Ratings and Research (Ind-Ra). There are conflicting views with respect to the monsoon in 2015 as Indian Meteorological Department is predicting less-than-normal monsoon and private ...

 The Dollar Business Bureau Growing at a Compounded Annual Growth Rate (CAGR) of about 14%, the Indian petro-chemical industry will likely grow into a US$ 100 billion industry by 2020 from the current US$ 40 billion level. This was stated by the Associated Chamber of Commerce & Industry (ASSOCHAM) in its study report titled- ‘Indian Petrochemical Industry: An overview’. The contribution of Petrochemicals to the Indian Chemical industry currently stands at 30%, the report said, adding the US$ 120 billion worth Indian chemical industry will also grow at a CAGR of 11% over the next few years and is likely to reach US$ 250 billion mark by 2020. The study prepared by the Energy Division of ASSOCHAM further stated that ...