Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

India’s GDP grew by 6.8% in the last financial year, quarterly rate fell below 6% in the last quarter

OpIndia Staff -
The GDP growth rate for the financial year 2018-19 was 6.8% at constant price, and 11.2% at the current price.
News Reports

Modi 2.0 effect: SENSEX crosses 40,000 for the first time, NIFTY touches 12,000

OpIndia Staff -
For the first time in India's history, the S&P BSE SENSEX has crossed the 40,000 mark.
Economy and Finance

Sensex surges over 900 points as exit polls predict a second term for Modi

OpIndia Staff -
In 2004, after the BJP had conceded defeat, the markets had crashed by almost 850 points
Economy and Finance

The discussion around GDP data is driven by political and ideological belief, not data and facts

Karan -
The recent debate regarding the GDP has come with the backdrop of a report that suggests that the MCA-21 database has 36% of its companies unsuitable for collection of data
Economy and Finance

GST collection registers a record high of Rs 1.13 lakh crores in April 2019

OpIndia Staff -
GST collection for the month of April 2019 is highest since its rollout.
Economy and Finance

Eight Core Industries grew by 4.3% in 2018-19, the growth rate for March 2019 was 4.7%

OpIndia Staff -
In the eight sectors, only crude oil production declined, all other seven sectors saw positive growth in March 2019.
Economy and Finance

India is poised to uplift 2.5 crore households out of poverty by 2030, reports the World Economic Forum

OpIndia Staff -
According to a World Economic Forum report, share of households below poverty line will reduce from 15% today to 5% by 2030
News Reports

Rahul Gandhi talks while PM Modi delivers the Make In India promise: Apple to shift mass production of iPhones from China to India

OpIndia Staff -
While Bengaluru unit of Apple was already manufacturing older models, the new facility will manufacture newer phones
Economy and Finance

Modi government’s surgical strike(s) on Black Money: A multi-pronged, systematic approach that has been cleansing corruption effectively

Anant Chetan -
Demonetization was not a whim of one person, it was perfectly planned move. When on November 8, 2016, at 20:00 hrs, PM Modi announced demonetisation, people with black money knew they were in trouble.
Politics

Kumaraswamy questions Balakot airstrikes, says bombs had hurt only trees

OpIndia Staff -
Kumaraswamy said that the Prime Minister was publicising the air strikes as if he himself had carried out the strikes.
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