GDP

Has the evolution from the GDP-era to the well-being era started? This book is a primer for those interested in alternatives to GDP as a measure of happiness

India’s credit-to-GDP ratio is expected to rise as economic growth and formalisation increase access to finance,

The Pakistan government has slightly revised the gross domestic product (GDP) growth down to 3.65 per cent for the outgoing fiscal year (FY26), attributing the adjustment to a mild slowdown in the industrial and services sectors, according to a media report on Tuesday. The country's GDP registered modest growth alongside an increase in per capita income in dollar terms, reflecting a sluggish pace of recovery in the country's overall output compared with the previous year, the government said. In May 2026, the government had projected the economy to grow by 3.70 pc in FY26, revising its earlier estimate of 4 pc. The downward adjustment now indicates that the country fell short of its GDP target, a Dawn report showed. The revised growth rates in agriculture, industry and services in FY26 are 3.50pc, 3.34pc and 3.81pc, respectively, compared with earlier growth rates of 2.89pc, 3.51pc and 4.09 pc. The revision came during the 118th meeting of the National Accounts Committee (NAC), whi

The Indian economy is expected to grow by 7.1-7.3 per cent in the current fiscal, with a sustained revival in private investment providing an additional source of demand, Deloitte India said on Friday. However, geopolitical tensions, volatile energy prices and trade disruptions pose risks to the growth outlook, it added. Deloitte India Economist Rumki Majumdar said over the past decade, India's growth has rested on resilient household spending and sustained investment push in public infrastructure. Businesses now have better connectivity, healthier balance sheets, and higher capacity utilisation, which strengthens the case for expansion. "The question is whether these conditions will encourage private investment to play a larger role in boosting growth in the coming years. Recent indicators offer grounds for optimism. Gross fixed capital formation grew by 11.9 per cent in the first quarter of FY 2026-27, its fastest expansion in four years," Majumdar said. Deloitte Economic Outlook

Cites resilient demand, but warns of risks from war and AI investments

Bloomberg Economics estimates that India's expanding trade agreements could lift GDP by up to 2.1 per cent by 2035, while stronger exports elsewhere help offset US tariffs

BMI expects India's economy to grow 7.5 per cent in FY27, driven by industrial activity, but has lowered its FY28 forecast amid elevated oil prices and inflation risks

India's key equity indices ended lower in September, declining despite a GDP growth rate of 7.8 per cent at the end of August, as rising US Treasury yields and oil prices weighed on investor sentiment

Mumbai generates more data daily than New Delhi. Yet have you ever heard Sensex closing being revised?

Policy needs to look beyond hotels and airports

The Organisation for Economic Co-operation and Development (OECD) on Wednesday raised India's GDP growth projection for current fiscal by 80 basis points to 7.1 per cent citing resilient domestic demand and government policies that cushioned households and firms from the impact of higher energy prices. In June, the Paris-based inter-governmental body had projected the Indian economy to grow at 6.3 per cent in 2026-27. OECD said structural policy reforms that enhance the ability of economies to cope with supply side disruptions are also a key priority for governments at the current juncture. With regard to India, OECD in its Interim Economic Outlook said growth in several G20 emerging market economies, such as India, was underpinned by resilient domestic demand and government policies that cushioned households and firms from the impact of higher energy prices. "Despite recent strong momentum, reduced purchasing power is also expected to weaken growth in India through the second half

The Asian Development Bank (ADB) on Wednesday raised its forecast for India's economic growth in the current fiscal to 7 per cent, up from 6.6 per cent projected in July, citing stronger-than-expected economic performance in the first quarter despite supply-side disruptions caused by West Asia crisis. In its Asian Development Outlook (ADO) September 2026, the multilateral lender said, "The revision reflects India's stronger-than-expected economic performance, with GDP expanding by 7.8 per cent year-on-year in the first quarter of FY2026 (2026-27), supported by robust investment demand, resilient consumption, and solid growth in manufacturing and service sectors." The economy has also benefited from lower-than-expected supply disruptions, sustained capital inflows, and limited pass-through of higher input cost to consumer prices, which helped cushion the impact of the conflict in the Middle East, the report said. The ADB's latest projection marks an upward revision of 0.4 percentage

S&P Global Ratings on Wednesday raised India's GDP growth projections for the current fiscal to 7 per cent, citing robust economic activity and forecasting that the RBI could hike interest rates by 25 basis points in FY27. In its Economic Activity for Asia Pacific report, S&P estimates consumer inflation to average 5.1 per cent in FY27. The Indian economy grew higher than expected at 7.8 per cent in the June quarter. S&P said factors like robust industrial activity, healthy consumption, strong goods exports, and accelerating government investment have driven the growth. "We have consequently upgraded our GDP growth forecast for the current fiscal year, ending March 31, 2027, to 7 per cent, from 6.6 per cent previously," S&P said, adding growth could ease in the second half of the fiscal year as the tailwinds from General Sales Tax rationalisation and income tax cuts diminish. Weather-related risks warrant close monitoring. Cumulative rainfall was 15 per cent below ...

The US-Iran conflict has pushed up oil prices, disrupted trade and raised inflation risks, but its economic impact varies across major economies

The ministry also ‌said it expects to end the year with a budget ​deficit of 5.4 per cent. Prime Minister Sebastien Lecornu said on Thursday he expected the 2026 deficit to be well below 5.5 per cent

National Security Advisor (NSA) Ajit Doval said on Saturday that India's GDP would increase from the current USD 4.015 trillion to USD 38 trillion in the next 20 years. Addressing the convocation ceremony of the Indian Institute of Technology (IIT) Roorkee as the chief guest, Doval said that the students are fortunate to be living in a transformative era where their future holds great promise. Citing the example of Lord Ram, the NSA urged students to be courageous in their lives. He said that sage Vishwamitra chose Lord Ram to annihilate demons because of his courageous nature. "Massive changes are taking place in India, and the country is moving towards a magnificent future," the NSA said. "As the prime minister has termed the period leading up to 2047 as 'Amrit Kaal', it is truly a wonderful Amrit Kaal. India's current GDP stands at USD 4.015 trillion, and it will reach USD 38 trillion in the next 20 years," Doval added. Doval also shared an anecdote from his early career days w

The agency said elevated energy prices and ‌El Niño-related food price pressures pose risks to inflation, consumption and growth

India's new GDP series uses double deflation to measure real growth more accurately by separately accounting for changes in output and input prices

The dispute concerns methodology, base years, deflators, and the various adjustments required to convert the bewildering activity of 1.4 billion people into a single number

It may take a while to develop a gut feel for the methodology, but looking beyond GDP to the Li Keqiang approach may offer some answers