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India Regains World’s Fastest Growing Economy Tag

first_imgIndia became the world’s fastest growing economy in the October-December quarter, an analysis of the government data released on Feb. 28 showed. A pick-up in manufacturing and service sectors pushed the growth of gross domestic product to 7.2 per cent in the quarter from a year earlier when the economy lagged behind China. This is the highest quarterly growth recorded since July-September quarter in the year 2016-17.According to a Reuters poll, more than 35 economists had put the economic growth at 6.9 per cent in the October-December quarter. For the same period, China recorded growth of 6.8 per cent.The data from Central Office of Statistics was released on the same day China announced that its manufacturing activity suffered its largest fall in seven years, the Financial Times reported. As per the report, the Chinese statistics are also affected by the Chinese new year holiday, which resulted in widespread closure of factories.Economists are expecting more growth in GDP in the coming year. “Settling down of Goods and Services Tax (GST) reforms will boost growth in next fiscal year,” Anita Gandhi, a director at Arihant Capital Markets, was quoted as saying by NDTV. Moody’s Investors Service project that India will grow at 7.6 per cent in the year 2018 and 7.5 per cent in 2019.According to Economic Affairs Secretary Subhash Chandra Garg, the Indian economy is in a high growth mode and 7.2 per cent expansion in the December quarter marks its return as the fastest growing major economy in the world. He also was quoted as saying that strong fixed capital growth also indicates that investment is picking up very well and agriculture and services have performed quite well.The data shows significant acceleration of real economic activity as projected in the Economic Survey and marks a “turnaround in the country’s economic growth momentum,” as per the Finance Ministry.Due to the effects of demonetization and during the run-up to the launch of the Goods and Services Tax on July 1, India recorded a three-year low GDP fall of 5.7 per cent in the April-June quarter. In July-September quarter, it rose to 6.5 per cent annually.For the fiscal year ending this month, the government revised its GDP growth forecast higher to 6.6 per cent from 6.5 per cent earlier. In the October-December quarter, the gross valued added (GVA) also grew 8.9 per cent higher than 6.8 per cent in previous quarter.The farm sector GVA grew at 4.1 per cent as compared to 2.7 per cent in the July-September quarter.As opposed to the 2.8 per cent growth recorded in the previous quarter, the construction sector saw 6.8 per cent growth. In the services sector, which includes financial services, the growth was 6.7 per cent, up from 6.4 per cent in the previous quarter. Related ItemsChinaEconomygdplast_img read more

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Report Finds Overland Park is the Best City for FirstTime Homebuyers Compton

first_img in Daily Dose, Data, Featured, News, Origination Report Finds Overland Park is the Best City for First-Time Homebuyers; Compton Deemed the Worst July 20, 2015 469 Views When purchasing a home, consumers often analyze the home further than just the outward appearance. WalletHub released a report titled “2015’s Best and Worst Cities for First-Time Home Buyers” on Monday, reviewing the level of attractiveness for cities all over the U.S. to determine how attractive a home is to first-time homebuyers.The report, written by Richie Bernardo, found that Overland Park, Kansas is the best city for first-time buyers, while Compton, California was labeled as the worst city for first-time buyers.WalletHub reviewed the cities according to 18 key metrics including housing affordability rank, real-estate market rank, and living environment rank.  The also looked at annual income, real-estate tax rate, rent-to-priece ratio, home price appreciation, property crime rate, and home energy cost. A total of 300 U.S. cities were compared to determine the attractiveness of their first-time home-buyer markets.“Buying a home for the first time is an exciting and important milestone in the lives of most consumers, Bernardo said. “That was, at least, until the housing bubble collapsed nearly a decade ago. Today, home buyers are more skeptical than ever in the wake of the financial crisis, especially given the drastic variations in economic recovery across the U.S.”In 2014, the National Association of Realtors (NAR) reported that among buyers of primary residences, 33 percent were first-timers, while the historical average has been 40 percent for this group, WalletHub mentioned in the report. In addition, a recent Gallup poll found that 41 percent of non-homeowners in 2015 don’t plan to buy a home in the foreseeable future, compared with 31 percent two years ago.According to the report, Overland Park, the best city for first-time homebuyers ranked 32 in terms of housing affordability, 25th in the real estate market, and came in third place in the living environment category. Allen, Texas, Centennial, Colorado, Broken Arrow, Oklahoma, and Frisco, Texas finished out the top five best cities for first-time homebuyers.On the other hand, the city of Compton, California, deemed the worst city for first-time buyers ranked 291 in terms of housing affordability, 295th in the real estate market, and 260th in the living environment category. Oakland, California, New Bedford, Massachusetts, Miami Beach, Florida, and Richmond, California rounded out the bottom five cities for first-time homebuyers.“2015’s Best and Worst Cities for First-Time Home Buyers” Report Highlights: Frisco, Texas has the highest median annual income, while Patterson, New Jersey has the lowest median annual income.Flint, Michigan has the most affordable housing, while Santa Monica has the least affordable housing.Honolulu, Hawaii has the lowest real-estate tax rate, while Waukegan, Illinois has the highest real-estate tax rate.Detroit, Michigan has the lowest rent-to-priece ratio, while Sunnyvale, California has the highest rent-to-priece ratio.Sunnyvale, California has the highest median home price appreciation, while Detroit, Michigan has the lowest median home price appreciation.Click here to view WalletHub’s “2015’s Best and Worst Cities for First-Time Home Buyers” Report. center_img Compton First-Time Homebuyers Overland Park WalletHub 2015-07-20 Staff Writer Sharelast_img read more

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Former Cardinals kicker Phil Dawson retires

first_img Former Cardinals kicker Phil Dawson retires – / 48 “I can’t stop smiling,” Arians said. “Every time we would want a player at a position, the board would just fall for us. I was only in one other draft that was like that and that was last year in Indianapolis.“I had a dream team, they were all there at the right spot. That’s basically how this one fell.”While all nine players had attributes and accolades that made them attractive NFL prospects, Arians admitted he was also enamored by the leadership element — especially from those taken on Day 3.“The theme that keeps running through with each pick, is production and captain,” said Arians. “Every single player we drafted has high, high production and they were captains of their team.”In addition to getting productive guys, Keim said he was thrilled that selections weren’t made out of any sense of desperation.“I don’t think we reached,” said Keim. “As a matter of fact, I think we got great value at every pick.”One position the Cardinals certainly didn’t reach for was quarterback. After making two defensive selections on Day 2, Arizona had a chance to draft the likes of Matt Barkley, Ryan Nassib, Tyler Bray and Tyler Wilson Saturday. The first one is officially out of the way.Nine selections and nearly 48 hours later, first-year head coach Bruce Arians and first-year general manager Steve Keim left the Arizona Cardinals’ 2013 NFL Draft War Room Saturday with smiles on their faces.In all, the Cardinals drafted six offensive players (OG Jonathan Cooper, OG Earl Watford, RB Stepfan Taylor, RB Andre Ellington and TE D.C. Jefferson) and three defensive players (LB Kevin Minter, DB Tyrann Mathieu and DE Alex Okafor). And at least on paper, they seem to have taken more or less who they wanted. 0 Comments   Share   Top Stories center_img Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo But it seems the Redbirds are more than happy with their depth behind center.“I know that early on in the process, I had talked about subscribing to the theory of taking a quarterback every year,” said Keim. “I still believe in that. The difference is, our draft picks came through free agency with Carson Palmer and Drew Stanton.“We didn’t feel like that was a necessary move we needed to make.”Keim added that the organization liked four or five different prospects with the No. 219 overall pick, and that his goal is to try and sign those guys, as well as other undrafted free agents before next week’s rookie minicamp. Grace expects Greinke trade to have emotional impactlast_img read more

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