India Inc lauds GDP numbers in Q4, expects trend to improve further

06 June, 2018, 12:49 | Author: Kim Reid
  • India clocks 7.7 per cent GDP growth for Q4FY18

Last year, it reported 6.1 percent growth in GDP for the fourth quarter of 2016-17.

While that makes it one of the fastest-expanding major economies, the sustainability of the recovery is now in question as the nation battles a currency slump and faster inflation brought about by surging oil prices.

According to the provisional estimates of national income, the growth rate of GDP at constant (2011-12) prices for the financial year 2017-18 was estimated at 6.7 percent, while, at the sectoral level, the growth rate of GVA at constant (2011-12) prices for agriculture and allied sectors, industry and services sectors for the year 2017-18 were estimated at 3.4 percent, 5.5 percent, and 7.9 percent respectively.

To add to that, India's almost $1.7-trillion formal banking sector is coping with $210 billion of soured or problem loans and fraud scandals have erupted at some regional banks. In response, some economists changed their views to expect a more hawkish central bank at its June policy meeting.

EU Vows Retaliatory Measures Following US Metal Tariffs
"I would say it's been far more a G6 plus one than a G7", said Le Maire, who called the tariffs unjustified. Trudeau was in Halifax to speak to the annual conference of the Federation of Canadian Municipalities.

Energy minister Dharmendra Pradhan told Saudi oil minister Khalid Al-Falih of his "concern about rising prices and its negative impact on consumers and the Indian economy", the Indian government said. "The banking sector remains in a fragile state, and such problems have the potential to derail the ongoing growth recovery".

Mining and quarrying did not perform well in January-March as GVA of the segment grew at 2.7 per cent in the fourth quarter, down from 18.8 per cent in the year-ago period.

Najib also said he was surprised when Prime Minister Tun Dr Mahathir Mohamad said that Malaysia would not get any profit out of the HSR project, and would have to RM500 million in compensation to Singapore for cancelling it.

For oil-importing India, the combination of a weaker currency and surging oil prices is a threat not only for the current-account deficit, but also inflation. The RBI's Monetary Policy Committee (MPC) meet is scheduled on June 4 and 5.

Google retreating from military AI project
The EFF and others stressed the need for moral and ethical frameworks regarding the use of artificial intelligence in weaponry. Google's artificial intelligence would bring "an exquisite capability" for "near-real time analysis", the email said.

Unless the Centre restricts the pass-through of fuel price increases by reducing excise duties, India may once again end up in an unenviable situation of falling growth and rising inflation.

The government spending-linked public administration segment's growth rose to 13.3 percent from 7.7 percent in December quarter.

There's also limited room for a fiscal boost to support growth.

Nevertheless, green shoots are emerging in Asia's third-largest economy. Even farming, which has been a laggard, is recovering. However, economists expect growth to be robust in the current financial year.

Wild Card Turns Tables at National Spelling Bee
I think as I am reading I am subconsciously absorbing words, learning to spell", he said in an interview with VTDigger in March. Of the past 23 champions, 19 have had Indian heritage. "I'm trying not to make that my standard", she said Wednesday.

Recommended:

  • Franklin Graham: Bakery Ruling 'Huge Win for Religious Freedom'

    Franklin Graham: Bakery Ruling 'Huge Win for Religious Freedom'

    Ted Cruz also applauded the verdict on Twitter , saying the court upheld the baker's "right to live according to his faith". In doing so, the commission violated his religious rights under the First Amendment of the US Constitution.
    Apple's confronting new iPhone feature

    Apple's confronting new iPhone feature

    Streaming to Apple TV via AirPlay requires an Apple TV (2nd generation or later) with the latest Apple TV software or tvOS . It didn't catch on, and Apple has scaled back its advertising ambitions since then to focus on ads in its App Store.
    China warns U.S.  trade talks will be void if Washington imposes sanctions

    China warns U.S. trade talks will be void if Washington imposes sanctions

    The agreement came several weeks after each country threatened to impose $150 billion tariffs on each other's goods and services. China made the statement after talks with a USA delegation led by Commerce Secretary in Beijing on Saturday and Sunday.
  • First Wonder Woman Sequel Tease Confirms 80s Setting

    First Wonder Woman Sequel Tease Confirms 80s Setting

    Wonder Woman 2 will introduce the villain Cheetah, to be played by Saturday Night Live and The Skeleton Twins star Kristen Wiig . Earlier in May, Variety reported that Jenkins will earn $9 million for directing the superhero sequel.
    USA  to slap steel and aluminium tariffs on Canada, Mexico

    USA to slap steel and aluminium tariffs on Canada, Mexico

    Dr Fox branded Mr Trump's decision as "just protectionism " and said: "We absolutely do not rule out counter measures". But he granted an exemption to the European Union and other US allies; that reprieve expires Friday.
    Listen To Kanye's New Album On the Stationhead App Tonight

    Listen To Kanye's New Album On the Stationhead App Tonight

    As you may recall, when Kanye released The Life of Pablo in 2016, the title remained a mystery until it dropped. Wes suggested Kanye call the project LOVE EVERYONE , to which the father-of-three replied: 'I love that'.
  • International Friendly Report: England v Nigeria 02 June 2018

    International Friendly Report: England v Nigeria 02 June 2018

    But after that we dealt with it well. "I thought we used the ball well and were a threat going forward", said Southgate. But, the England manager insisted his player's adjusted to the new formation and were unlucky not to score more goals.
    Sears to close one Kansas store

    Sears to close one Kansas store

    Sears same-store sales fell 13.4 percent, while sales at Kmart declined 9.5 percent, according to Sears Holdings quarterly report. Even though the current retail environment is hard for many retailers, Sears' performance has been much worse than its rivals.
    Italy's New Government Could Offer Stability At Home But Rattle The EU

    Italy's New Government Could Offer Stability At Home But Rattle The EU

    His comments sparked outrage in Italy, with Salvini blasting them as "racist" in his victory speech Thursday in northern Lombardy. Later, the president asked ex-IMF economist Mr Cottarelli to form a government until fresh elections could be held.
  • A president can't obstruct justice? That's not quite right, legal scholars say

    A president can't obstruct justice? That's not quite right, legal scholars say

    A special counsel is investigating Russia's role in the 2016 election, and whether Mr Trump obstructed justice. He went on: "I think the political ramifications of that would be tough".
    What time is England v Nigeria live on TV?

    What time is England v Nigeria live on TV?

    Gary Cahill powered home the opener on seven minutes before Harry Kane fired home with 39 minutes on the clock. Bright Omokaro, an ex-international, told NAN that the team performed fairly against the 3 Lions of England .
    Trump told National Football League  owner 'you can't win' anthem issue, WSJ reports

    Trump told National Football League owner 'you can't win' anthem issue, WSJ reports

    I do realize they are cases where black drivers are singled out due to their color and this is wrong. Jones was not the only National Football League owner to address Trump's maneuverings.


Popular

Germany 'keeper Neuer makes first start for eight months
The hosts came back well and Neuer made a superb close-range save from Florian Grillitsch just after the half hour. At the other end, Neuer made his first save on 16 minutes to deny attacking midfielder Schoepf.

Red Dead Redemption 2 $99.99 Collectors' Box Doesn't Include the Game
While you wait, you can catch the latest trailer for the game, which gives us our most in-depth look at the game's characters. Treasure Map: A map on sturdy, unrippable paper revealing the location of some treasure that will help you on your journey.

England vs Nigeria: Why was Dele Alli booed by Nigeria fans?
Alli has been involved in a series of incidents when his temper has got the better of him. He can be very pleased with his performance".

Leroy Sane left out of Germany World Cup squad
If you look simply at the data from the 2017-18 season, Brandt's inclusion over Sane just seems downright peculiar. But apart from team-mate Kevin De Bruyne, no player in Europe's top five leagues had more assists than him.

Microsoft in talks to buy GitHub, valued at $2 billion
Bloomberg said GitHub has been searching for a new chief executive officer for the past nine months and is now unprofitable. The site allows developers to upload open-source software so other developers can tweak and improve upon the code.

Merkel offers Macron concessions on eurozone reforms
European leaders in Brussels, already anxious about Poland and Hungary, now worry a menace to European unity from inside its core. Merkel also backs the step-by-step introduction of a euro zone investment budget in the low double-digit billions of euros.

Portugal miss Cristiano Ronaldo in disappointing draw with Belgium
Laurent Ciman will be with the Belgium squad and is on stand-by should Kompany fail to recover in time . Goalkeepers: Thibaut Courtois (Chelsea), Simon Mignolet ( Liverpool ), Koen Casteels (VfL Wolfsburg).

Fallout: New Vegas-mod New California released October 23rd
It's worth noting that the majority of games Bethesda featured during its E3 2017 conference were released later that year. But what does that mean for ongoing projects like Fallout: New California and the long-time coming Fallout 4: New Vegas? .

Italy establishes populist government led by Giuseppe Conte
Italy's caretaker prime minister Carlo Cottarelli met with the president on Wednesday morning amid huge political uncertainty. Enzo Moavero Milanesi, director of the School of Law at LUISS University in Rome , was sworn in as Foreign Affairs Minister.

IOS 12 Might Include Features to Keep You Off Your Phone
According to a recent report by Gene Muster, Apple is likely to improve its Siri voice assistant and AI capabilities with iOS 12. The new iOS 12 is expected to unveil on Monday, with a " Digital Health Initiative" tipped to be one of the main features.