"In 2016-17, annual growth in domestic passenger departures was 23.5 per cent as compared to 3.3 per cent in the USA and 10.7 per cent in China", said the Survey tabled in Parliament today.
Stating that India's share in global exports has stagnated at 1.7 per cent from 2011 to 2016 with intermittent falls to 1.6 per cent, the Survey said there is a need for a well thought-out strategy for the country to reach a "respectable share of at least 5 per cent". Subramanian also said that there has been convergence in price-earnings ratio of the Indian and the United States stock markets in the last couple of years although the two economies have followed different paths.
Growth has been hit by the introduction of a new national goods and services tax (GST) previous year and by a controversial 2016 move to withdraw all high-value banknotes from circulation.
But a couple of lurking risks could poop the party: surging crude oil prices that have risen 14 per cent in the past year and a stock market bubble that could go bust.
But the statement added that with the world economy likely to see a boost in 2018, India's overall economic performance would also see an improvement, especially with a likely increase in investment and a more stable response to the new tax system.
Every $10 rise in price of oil causes 0.2-0.3% drop in GDP, 0.4% rise in Current Account Deficit (CAD) and a rise inflation. The Survey said that growth in the economy as well as corporate earnings is required to sustain the current stock market valuations, otherwise the possibility of a correction can not be ruled out.
He said the government "has thrown in the towel" and hopes that the private sector will come to the rescue of the economy.
The Survey conceded that the Modi government could stray from the rigid path of fiscal consolidation but contended that such a decision would not be a cause for great concern.
"This pattern happens again and again and again in history".
In 2017-18 (April-December) trade deficit (on custom basis) shot up by 46.4 percent to US$ 114.9 billion with POL deficit growing by 27.4 percent and non-POL deficit by 65.0 per cent.
Similarly, for the first time, the Survey did a firm-level analysis on exports and found that export concentration by firms was much lower in India than in the U.S., Germany, Brazil, or Mexico - meaning that India had no "exports superstars" and that its export structure was "egalitarian" in nature. This means the interest rates could be lowered.
In the current fiscal till September, domestic airlines carried 57.5 million passengers, a growth rate of 16 percent over the year-ago period.
Mansourasaurus , be that as it may, was moderately little for a titanosaur, and about the heaviness of an African bull elephant. This particular dinosaur flaunted a really long neck with four legs and a size similar to the bus we see today.
It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months.
The 76 people were determined to be from Mexico, Honduras, El Salvador, and Guatemala, according to a news release. Tractor-trailer smuggling is not all too uncommon and is in fact one of the trends that is affecting our border.
South Korean giant Samsung that now provides OLED panels for $999 iPhone X will also be hit as its orders will also be affected. The iPhone X is the company's most advanced smartphone yet but it also comes with a staggering price tag.
And after being celebrated for her braids, Derek came to the defense of Kylie Jenner in 2015 when she too wore cornrows. The images didn't sit well with some who accused her of darkening her skin tone and going overboard with the editing.
The first lady has not addressed any of the reports about her, her husband or Daniels and it's highly unlikely that she will. The East Wing's communications director Stephanie Grisham when asked if the first lady would attend said: "That is the plan".
He was reportedly found dead close to where he lived, weeks before he was due to be jailed over child pornography charges. The late actor's Glee costars and crew members took to social media on Tuesday to react to his death .
Brady's fans - and the station itself - quickly condemned the remark, but it wasn't fully addressed on-air until Monday morning. WEEI's Alex Reimer was heard referring to Brady's 5-year-old daughter Vivian as an "annoying little pissant" last Thursday.
The State Department on Monday said the sanctions have already denied the Kremlin of billions of dollars in defense revenue. USA probes of Russian interference in the 2016 election have cast a long shadow over the first year of Trump's presidency.
The new Santa Fe is expected to be officially revealed in March, 2018, with sales commencing locally by the middle of the year. If the passenger in the back seat tries to get out of the auto without noticing an approaching vehicle an alarm will sound.
The way you worded it I thought she was dead! "Listen, I thought Dolly had passed away from this post and I started crying". As if the cute pic wasn't enough of a tribute to the country singer, Adele's caption definitely drove the point home.
More than 190 peers are listed to speak in a marathon two-day second reading debate on the EU (Withdrawal) Bill. Mr Rees-Mogg insisted that said he knew nothing about the reports, saying: 'That is nothing to do with me'.
It didn't release further details citing federal privacy laws, including the reason for the suspension and its duration. North Carolina has suspended former Gray Collegiate standout Jalek Felton, the school announced Tuesday.
The day-shift supervisor seems to have been aware of the test, but thought it was for the outgoing night-shift employees instead. It took until 8:20 a.m. for the agency to post to its Twitter and Facebook accounts that there was no missile threat to Hawaii.
It remains unclear whether his status for next weekend's Super Bowl meeting with the Philadelphia Eagles is affected. Come Sunday, however, all signs point to Gronkowski playing, and that's good news for the Patriots .
The constitutional court also said he must get permission to attend the session, however it is not clear whether he will seek it. However, he wants to rule the region, after making a deal to lead a separatist coalition, following elections last month.
Shares in U.S. health insurers UnitedHealth, Anthem and Cigna Corp all fell over 5% in early trading following the announcement. Also playing a factor in the market's reaction is the significant size of the companies involved in the three-way partnership.
The Islamic State claimed responsibility for the attack on Monday, according to the militant group's Amaq news agency. But SIGAR insists it was originally told the information could not be made public.
Maple Capital Management Inc. owned approximately 1,320.64% of Exxon Mobil worth $4,587,000 at the end of the most recent quarter. The firm has a market cap of $368,370.00, a P/E ratio of 28.29, a PEG ratio of 1.27 and a beta of 0.82. (NYSE:TREX) is 3.00000.
The law was changed following public outrage at the death of a pregnant woman in 2012 who was refused an abortion . The referendum is likely to be held towards the end of May, once the legislation is debated in parliament.
Mr Netanyahu has previously accused Iran of building sites to produce "precision-guided missiles" in both Syria and Lebanon. Netanyahu flew to Russian Federation for the day on Monday for his seventh face-to-face meeting with Putin in two years.