Gdp
-
IMF upgrades India's GDP forecast to 7 per cent for 2024-25
Business | Jul 16, 2024, 07:52 PM ISTThe IMF has upgraded India's GDP growth forecast to 7% for the fiscal year 2024–25, citing anticipated improvements in rural consumption. Despite maintaining global growth projections at 3.2%, the IMF cautioned about risks including inflation and trade tensions, urging prudent monetary policies.
-
Indian economy set for stable high growth amid Risks, says RBI's Shashanka Bhide
Business | Jun 30, 2024, 02:07 PM ISTThe current official estimate of GDP growth in 2023-24 is 8.2 per cent, accelerating from 7 per cent in the preceding year. Earlier this month, the Reserve Bank of India pegged the GDP growth rate for FY25 at 7.2 per cent.
-
India records current account surplus of 0.6 per cent of GDP in March quarter: RBI
Business | Jun 24, 2024, 06:50 PM ISTFor 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.
-
PM Modi hails 8.2 per cent GDP growth as 'just a trailer of things to come'
India | May 31, 2024, 10:43 PM ISTIndia'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.
-
RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time
Business | Apr 05, 2024, 10:25 AM ISTThe 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.
-
'Robust 8.4 per cent GDP growth in Q3 2023-24 shows strength of Indian economy': PM Modi
Business | Feb 29, 2024, 10:26 PM ISTIndian 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.
-
Japan slips into recession, Germany overtakes as world’s third-largest economy
Business | Feb 15, 2024, 12:24 PM ISTPreviously the second-largest economy behind the US, Japan fell to the third-largest in 2010 amid an expanding Chinese economy.
-
RBI projects 7 per cent GDP growth for FY25, lower than FY24 projection of 7.30 per cent
Business | Feb 08, 2024, 12:19 PM ISTThe 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.
-
Budget 2024: Average real income 50 per cent higher, inflation moderated, says Nirmala Sitharaman
Business | Feb 01, 2024, 01:05 PM ISTThe finance minister attributed the moderated inflation levels to good macroeconomic stability and robust investments.
-
Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down
Budget | Feb 01, 2024, 12:33 PM ISTThe fiscal deficit target for the financial year 2024-2025 has been set at 5.10 per cent of GDP.
-
Indian economy's vibrant energy 'looking like a wow': Kumar Mangalam Birla
Business | Jan 29, 2024, 06:35 PM ISTA deeply impactful pulse of confidence in the nation is palpable, Birla said in his New Year message.
-
India to become third largest economy with USD 5 trillion GDP in three years: Finance Ministry
Business | Jan 29, 2024, 04:13 PM ISTIndia 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.
-
Budget 2024: MSME expects special package, implementation of the ONDC to boost growth
Business | Jan 24, 2024, 11:37 PM ISTStakeholders anticipate supportive policies, infrastructure development, accessible financing, and tax relief. Recognising the pivotal role of technology, MSMEs seek funds for technological advancements and infrastructure.
-
Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data
Business | Jan 23, 2024, 07:52 PM ISTDirect 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.
-
India Inc confident of achieving $5 trillion economy, country to grow over 6.50 per cent in FY25
Business | Jan 23, 2024, 06:25 PM ISTIndustries in automotive, consumers and retail, technology, media, telecommunication, energy, resources, and industrials expect high growth.
-
Gujarat aims to contribute 10 per cent to GDP, targets USD 500 billion economy by 2026-27
Business | Jan 09, 2024, 01:24 PM ISTAccording 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.
-
Economic experts analyse Rs 2.59 lakh crore discrepancy in India's GDP estimates for 2023-24
Business | Jan 07, 2024, 04:17 PM ISTThe 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.
-
'Still below debt level of 2002,' India terms IMF's latest report 'misconstrued'
Business | Dec 23, 2023, 08:42 AM ISTThe 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.
-
Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
India | Dec 07, 2023, 08:28 PM ISTUnion 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.
-
India reduced emission intensity by 33 per cent between 2005-19, 11 years in advance: Govt report
Business | Dec 03, 2023, 12:56 PM ISTIndia 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.