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  India records current account surplus of 0.6 per cent of GDP in March quarter: RBI

  Business | June 24, 2024 18:50 IST

  For FY24, the current account deficit narrowed to USD 23.2 billion or 0.7 per cent of GDP against USD 67 billion or 2 per cent of GDP in FY23, the RBI said in a release on the Developments in India's Balance of Payments.

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  PM Modi hails 8.2 per cent GDP growth as 'just a trailer of things to come'

  India | May 31, 2024 22:43 IST

  India's real GDP rose to Rs 47.24 lakh crore in the fourth quarter of 2023-24, reflecting a 7.8% growth rate. The consistent performance throughout the year pushed the economy to USD 3.5 trillion, with aspirations to reach USD 5 trillion soon.

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  RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time

  Business | April 05, 2024 10:25 IST

  The Reserve Bank of India (RBI), led by Governor Shaktikanta Das, has announced the decision to maintain the Policy Repo Rate at 6.5%. This steady stance indicates a deliberate approach towards economic stability.

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  'Robust 8.4 per cent GDP growth in Q3 2023-24 shows strength of Indian economy': PM Modi

  Business | February 29, 2024 22:26 IST

  Indian GDP growth: The NSO, in its second advance estimate of national accounts, pegged the country's growth at 7.6 per cent for 2023-24. It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024.

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  Japan slips into recession, Germany overtakes as world’s third-largest economy

  Business | February 15, 2024 12:24 IST

  Previously the second-largest economy behind the US, Japan fell to the third-largest in 2010 amid an expanding Chinese economy.

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  RBI projects 7 per cent GDP growth for FY25, lower than FY24 projection of 7.30 per cent

  Business | February 08, 2024 12:19 IST

  The real GDP growth for FY25 is forecast at 7 per cent, with growth rates of 7.2 per cent and 6.8 per cent expected in the June and September quarters.

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  Budget 2024: Average real income 50 per cent higher, inflation moderated, says Nirmala Sitharaman

  Business | February 01, 2024 13:05 IST

  The finance minister attributed the moderated inflation levels to good macroeconomic stability and robust investments.

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  Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down

  Budget | February 01, 2024 12:33 IST

  The fiscal deficit target for the financial year 2024-2025 has been set at 5.10 per cent of GDP.

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  Indian economy's vibrant energy 'looking like a wow': Kumar Mangalam Birla

  Business | January 29, 2024 18:35 IST

  A deeply impactful pulse of confidence in the nation is palpable, Birla said in his New Year message.

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  India to become third largest economy with USD 5 trillion GDP in three years: Finance Ministry

  Business | January 29, 2024 16:13 IST

  India was the 10th largest economy with a GDP of USD 1.9 trillion a decade ago, but now it stands as the 5th largest at USD 3.7 trillion.

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  Budget 2024: MSME expects special package, implementation of the ONDC to boost growth

  Business | January 24, 2024 23:37 IST

  Stakeholders anticipate supportive policies, infrastructure development, accessible financing, and tax relief. Recognising the pivotal role of technology, MSMEs seek funds for technological advancements and infrastructure.

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  Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data

  Business | January 23, 2024 19:52 IST

  Direct Tax to GDP ratio seen an upward trajectory, ascending from 5.62% in F.Y. 2013-14 to 6.11% in F.Y. 2022-23, showcasing enhanced fiscal contribution.

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  India Inc confident of achieving $5 trillion economy, country to grow over 6.50 per cent in FY25

  Business | January 23, 2024 18:25 IST

  Industries in automotive, consumers and retail, technology, media, telecommunication, energy, resources, and industrials expect high growth.

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  Gujarat aims to contribute 10 per cent to GDP, targets USD 500 billion economy by 2026-27

  Business | January 09, 2024 13:24 IST

  According to the chief minister, Gujarat, with five per cent the country's population, contributes 8.3 per cent to the national gross domestic product, and in the previous year, the state accounted for 33 per cent of India's total merchandise exports.

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  Economic experts analyse Rs 2.59 lakh crore discrepancy in India's GDP estimates for 2023-24

  Business | January 07, 2024 16:17 IST

  The NSO's initial estimates for this fiscal year also disclose that the country's Gross Value Added (GVA) is projected to grow at 6.9% in 2023–24, a decrease from the 7% recorded in 2022–23.

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  'Still below debt level of 2002,' India terms IMF's latest report 'misconstrued'

  Business | December 23, 2023 8:42 IST

  The finance ministry said that any adverse global shock or extreme event is expected to uni-directionally impact all the economies in an interconnected and globalised world. A cross-country comparison shows that India has done relatively well.

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  Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar

  India | December 07, 2023 20:28 IST

  Union Minister Chandrasekhar said India's position has transformed from being the consumer of technology for nearly three decades to being the producer of devices, products and platforms for the world.

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  India reduced emission intensity by 33 per cent between 2005-19, 11 years in advance: Govt report

  Business | December 03, 2023 12:56 IST

  India achieved its emissions intensity-related targets 11 years ahead of the committed time frame and non-fossil fuel targets nine years ahead of schedule. The country aims to reduce GDP emission intensity by 45 per cent by 2030 from 2005 levels.

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  S&P Global Ratings projects India's GDP growth 7 per cent by 2026 compared to 4.6 per cent for China

  Business | November 28, 2023 21:50 IST

  American Rating agency S&P in its report titled- 'China slows, India grows' pegged India's GDP growth at 7 per cent by by 2026, while China's GDP growth is projected at 4.6 per cent.

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  Smallcap stock secures $50 million order as gems and jewellery industry see rise in demand

  Business | November 07, 2023 20:25 IST

  The gems and jewellery industry, a significant contributor to India's economy, faces challenges with a predicted 30-35% revenue drop in the diamond polishing sector for the financial year 2023-24 due to poor demand from the US, EU, and China.