PR can polish picture of GDP, but not economy itself: Congress slams Modi governmentCongress criticizes the government's GDP figures citing former finance secretary Subhash Garg. Garg stated real GDP growth is closer to 2.6...
02 Sep, 2026, 12.29 PM IST
View: Business goes on as usual despite severe fiscal situationThe disinvestment target of Rs 2.1 lakh crore is excessively ambitious.
02 Feb, 2020, 12.11 PM IST
India may miss tax collection target for 2019-20 by nearly Rs 2.5 lakh cr: Subhash Chandra GargSubhash Chandra Garg said corporate tax, excise duties and customs are likely to see negative growth in collections in 2019-20- something o...
19 Jan, 2020, 06.43 PM IST
FY20 deficit likely to be 4.5-5% of GDP: Ex-Fin SecyFormer finance secretary Subhash Garg has said India's real fiscal deficit in FY20 is likely to be higher at 4.5-5% of GDP due to an expect...
16 Jan, 2020, 08.16 AM IST
Close to meeting FY19 fiscal deficit target: Finance secretaryThe fiscal deficit had exceeded the full year target for the last fiscal by 34.2 per cent at the end of February.
04 Apr, 2019, 05.36 PM IST
Economic affairs secretary defends data revisions amid controversyGarg’s clarification comes a week after 108 economists alleged suppression of unfavourable data.
22 Mar, 2019, 07.23 PM IST
February PMI indicates strong flow of new orders: Economic Affairs SecretaryThe country's manufacturing sector performance further strengthened in Feb and touched a 14-month high, driven by acceleration in sales, ou...
01 Mar, 2019, 05.27 PM IST
DEA Secy for reducing public debt over next 4-5 yearsRating agencies have raised concerns over the level of public debt and refrained from upgrading the sovereign rating of the country.
15 Dec, 2018, 04.22 PM IST
Finance Ministry says RBI's assessment of economy in line with govt's readingRBI Governor Urjit Patel-headed MPC has kept the key lending rate unchanged. The panel retained its GDP growth projection of the current fi...
05 Dec, 2018, 10.24 PM IST
November PMI data shows strong increase in biz activity, augurs well for growth: Subhash Chandra GargThe Nikkei India Composite PMI Output Index -- that maps both the manufacturing and services sector -- rose to 54.5 in November, pointing t...
05 Dec, 2018, 12.50 PM IST
7.1% GDP growth in Q2 'disappointing': Subhash Chandra GargThe government data released Friday shows India's economy grew at 7.1 per cent in July-September, lowest in three quarters.
30 Nov, 2018, 07.13 PM IST
India expected to be $10 trillion economy by 2030: Subhash Chandra GargIn 2017, India became the sixth largest economy with a Gross Domestic Product (GDP) of USD 2.59 trillion, relegating France to the seventh ...
14 Jul, 2018, 04.51 PM IST
Government keeps FY19 GDP growth estimate unchanged at 7.5%Finance Minister Piyush Goyal said the 7.7 per cent GDP growth in the fourth quarter of 2017-18 showed the economy was on right track for h...
31 May, 2018, 08.17 PM IST
Economy to double to $5 tn by 2025; no risk to inflation target: Finmin"We can achieve the level of $5 trillion of economy by 2025. That's the reasonably set goal," Economic Affairs Secretary said.
26 Mar, 2018, 02.08 PM IST
Government expecting "some more" dividend from RBI in March: SecretaryIn August, RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs 65,876 crore it had paid...
08 Mar, 2018, 05.06 PM IST
Slowdown in growth has bottomed out: Economic Affairs SecyEconomic growth had dipped to a three-year low of 5.7 per cent in the April-June quarter of the current financial year.
24 Nov, 2017, 10.45 PM IST
Government hopeful of sticking to 3.2% fiscal deficit target: Subhash Chandra GargTalking to reporters, Garg exuded confidence that the GDP data for July-September quarter would be significantly better than the 5.7 per ce...
31 Oct, 2017, 10.22 PM IST