Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
July 16, Monday 2018 2:35 PM       

       HEADLINES: 17 picked Nipah virus from 1st victim: Kerala govt report                                              Islamic pundit Hameed Madani passed away                                              BJP too has contributed to delay in projects: Mayawati hits back                                              Delhi Air hostess commits suicide, family alleges dowry harassment                                              Petrol and diesel prices set to break all-time high levels                                              UK minister quits over lewd messages to barmaids                                              Russia targeted by almost '25 million cyber-attacks' during World Cup: Putin                                              I feared Serena might die, says husband                                              Kaumudi Facebook
       BUSINESS Next Article: Prabhu inaugurates Delhi-Pathankot flight under UDAN scheme  
       Real GDP growth will range from 7.4 to 7.9 pct, says RBI
 
         Posted on :17:52:28 Apr 5, 2018
   
A A
       Last edited on:17:52:28 Apr 5, 2018
         Tags: Real GDP growth, RBI
 
Mumbai: The Reserve Bank of India (RBI) on Thursday estimated that the real Gross Domestic Product (GDP) growth for FY20 will range from 7.4 to 7.9 percent.
 
The central bank's six-member Monetary Policy Committee (MPC) in its bi-monthly Monetary Policy Statement, noted that the April-June GDP growth is seen at 7.1 percent, and the July-September GDP growth is seen at 7.4 percent.
 
Further, the real GDP growth in FY19 is seen at 7.4 percent as against 6.6 percent in FY18.
 
The apex bank also maintained that the Consumer Price Index (CPI) inflation forecast for the second half of FY19 is cut to 4.4 percent from 4.5 - 4.6 percent.
 
Meanwhile, the CPI inflation forecast for the first half of FY19 is cut to 4.7 - 5.1 percent from 5.1 - 5.6 percent.
 
"CPI inflation has eased to 4.4 percent in February and excluding the estimated impact of increase or adjustment in the house rent allowances for central government employees under the seventh Central Pay Commission, it is estimated at an even lower 4.1 percent," said RBI Governor Urjit Patel.
 
Patel added that the aggregate demand is expected to strengthen this year.
 
"Aggregate demand is expected to strengthen during the course of 2018-19. Normal monsoon and effective food supply management was seen as mitigating factors. Overall the MPC assessed risks to inflation is tilted to the upside," he said.
 
He, however, maintained that external demand could be hit owing to crude oil prices and global trade wars.
 
"On the growth outlook, the MPC was of the view that the pace of economic activity could accelerate in 2018 -19, on clearer signs of revival in investment activity, and sustained improvement in global demand. On the flip side, external demand could be adversely impacted should crude oil prices persist at elevated levels or even increase and trade protectionism intensify," he concluded.
 
CPI inflation forecast for the second half of FY19 is cut to 4.4 percent from 4.5 - 4.6 percent.
 
The same for January to March 2019 is seen at 4.4 percent, with upside risks, the bank said.
 
CPI inflation for April to September is seen at 4.7 - 5.1 percent , and 4.4 percent for October to March.
 
The RBI kept the repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively.
A A
       BUSINESS
Next Article: Prabhu inaugurates Delhi-Pathankot flight under UDAN scheme
 
 
BUSINESS HEADLINES
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze  
Sebi revamps panel on alternative investment  
Sebi exempts family trust related to Batliboi from making open offer  
Rupee crumbles to all-time closing low of 68.95 a dollar  
Gold futures rise 0.19% on positive global cues  
 
Who do you think will win the Football world cup 2018?
France
 
Croatia
 
Don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy