{"id":277370,"date":"2019-06-04T04:52:01","date_gmt":"2019-06-04T04:52:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277370"},"modified":"2019-06-04T05:01:43","modified_gmt":"2019-06-04T05:01:43","slug":"dip-in-oil-prices-stable-rupee-indicate-signs-of-growth-finance-secretary","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/dip-in-oil-prices-stable-rupee-indicate-signs-of-growth-finance-secretary\/","title":{"rendered":"Dip in oil prices, stable rupee indicate signs of growth: Finance Secretary"},"content":{"rendered":"<p>Declining global oil prices, stable rupee and falling interest rate are sure signs of high growth in coming months, said Finance Secretary Subhash Chandra Garg. <\/p>\n<p>India&#8217;s growth rate has declined to 5-year low of 5.8% in the fourth quarter of the previous fiscal and 6.8% for the full financial year 2018-19. <\/p>\n<p>&#8220;Turn around in demand and financing conditions beginning well. PMI manufacturing is at 52.7. Crude is moving towards 60 dollars. Govt bond yield has gone below 7%. Spread for NBFCs\/HFCs over Govt bond is narrowing. Rupee is firmly below 70. Sure signs of coming high growth,&#8221; he said in a tweet. <\/p>\n<p>The country&#8217;s manufacturing sector performance gained momentum in May as companies lifted output amid strengthening demand conditions, leading to further job creation in the sector, according to the latest PMI data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Declining global oil prices, stable rupee and falling interest rate are sure signs of high growth in coming months, said Finance Secretary Subhash Chandra Garg. India&#8217;s growth rate has declined to 5-year low of 5.8% in the fourth quarter of the previous fiscal and 6.8% for the full financial year 2018-19. &#8220;Turn around in demand and financing conditions beginning well. PMI manufacturing is at 52.7. Crude is moving towards 60 dollars. Govt bond yield has gone below 7%. Spread for NBFCs\/HFCs over Govt bond is narrowing. Rupee is firmly below 70. Sure signs of coming high growth,&#8221; he said in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-277370","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277370"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277370\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}