Fiscal year

Some Industry experts, economists and bankers are expecting the rate cuts in the policy that has been prepared by the Monetary Policy Committee (MPC) led by Urjit Patel. According to the experts, consumption and investment took a hit, after the demonetisation, that had brought the retail inflation to a three-year low of 34 per cent

The Central Statistics Office (CSO) has released a report according to which the Gross Value Added (GVA), which is calculated primarily at the factor cost, has showed a growth of 7.3 per cent in the first quarter of 2016-17. While the April-June quarter of last fiscal had recorded a GDP growth of 7.5 per cent, the January-March quarter had showed a growth rate of 7.9 per cent