With GDP growth falling consecutively for the fifth time, India has slipped to fourth position globally in terms of real growth rates, a report said. The Indian economy is now behind China, the Philippines and Indonesia as it recorded 5 per cent growth in the first quarter of FY20, the slowest in last 25 quarters. The growth in Q1 of the ongoing fiscal contradicted all expectations and part of the slowdown looks structural, report on economy released by Anand Rathi said. Q1 FY20 growth belied all expectations. With five successive decelerations, part of the slowdown looks structural, it noted. “The GDPand GVA decelerations are nearly across the board. Private consumption and manufacturing decelerations are particularly noticeable, while investment growth continues to be low and services failed to maintain buoyancy,” it added.


News and Views

30th AGM Chairman's Report

Published:25 Oct 19

Annual report by Chairman, Mr. Rajiv Palicha

Due date for filing GST returns for FY 18 extended to Dec 31

Published:00 00

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" Chilies were natives of the Americas. Brought down to India in ancient times, Indian cuisine embraced it and today Indian curries have no identity without them. "

" A knowledgeable use of spices and seasonings is what gives Indian Cuisine its uniqueness and excitement. "

" Paprika Oleoresin is used in chicken feed – Capsanthins and other natural pigments, impart a red tint to the egg yolk "

" Cardamom is known as the queen of spices, thanks to its sweet delicate flavor – Arabs love them in their coffee and Scandinavians in their pastries "