Pulled down by a sharp decline in coal production and weak performance of electricity generation and petroleum refining industries, core sector growth fell to 19-month low of 0.4 per cent in June.
India's economic growth will remain in the range of 6.5-7.5 per cent over the next 12-18 months and GST will support the momentum for faster growth, a Moody's poll has said.
Around 11 years after the chilling serial rape and murders, many of them young girls, rocked Delhi’s bursting satellite town Noida, businessman Moninder Singh Pandher and his domestic help Surinder Koli were sentenced to death by a special CBI court in Ghaziabad on Monday.
The GST rollout impact cast its shadow on first quarter results declared by two pharmaceutical companies, Alembic Pharmaceuticals and Sanofi India.
Pharma companies first quarter performance would have a negative impact of the GST rollout, feel HDFC Securities analysts.
The Asian Development Bank (ADB) on Thursday retained India’s growth projection at 7.4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5.9 per cent.
Consumption growth has been recovering, while real estate and capex are still a drag. Within domestic demand, consumption growth has held up better than investment-related segments.