Page 3 - Gdp Data

Key infra sectors' growth slows down to 6.1% in July, shows govt data

The growth in production of eight key infrastructure sectors slowed down to 6.1 per cent in July this year due to a decline in the output of crude oil and natural gas, according to official data released on Friday. The growth rate, however, is up from 5.1 per cent in June. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 8.5 per cent in July 2023. During April-July this fiscal, the output of core sectors rose by 6.1 per cent against 6.6 per cent in the same period last fiscal. The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth. Crude oil and natural gas output contracted by (-) 2.9 per cent and (-) 1.3 per cent, respectively, in July.

India's growth likely slowed to 6.9% last qtr as govt spending lagged: Poll

Growth in Asia's third-largest economy had been well above 7 per cent during previous quarters thanks to strong capital expenditure by the government led by Prime Minister Narendra Modi

Investor confidence

Index inclusion also has risks

PSU stocks climb up to 9% as exit polls predict landslide victory for BJP

Shares of state owned companies cracked the upper ceiling on the BSE in Monday's early trades. The BSE CPSE index was up 6.9 per cent at 4,389 levels

GDP or GVA: Take your pick for methodology to compute growth numbers

The raging debate may boil down to what you are looking for

Japan's Q4 GDP revised up to slight expansion, economy avoids recession

On a quarter-on-quarter basis, GDP grew 0.1%, compared with the initial reading of a drop of 0.1.% drop and a median forecast for a 0.3% rise

Interim Budget: Tax-GDP ratio projected to be highest in FY25 since 2008-09

Personal income tax is the only tax that was shown to collect more in RE for this financial year

India likely to register 6.9-7.2% GDP growth in FY24, says Deloitte

India is expected to clock a GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), the Indian economy is estimated to grow by 7.3 per cent in the 2023-24 fiscal, against 7.2 per cent a year ago, mainly due to a good show by mining & quarrying, manufacturing and certain segments of services sectors. Deloitte India's recent economic outlook report said there is an underlying momentum that is building up in the Indian economy, as seen in the improving economic fundamentals. India's current account deficit (CAD) was at 1.9 per cent of GDP in 2022-23 and is expected to be further lower in 2023-24, it said. Further, foreign exchange reserves remain at a comfortable level of Rs 568 billion which is equivalent to over 10 months of import cover. At present ...

UK economy shrinks in Q3 as GDP contracts 0.1%, shows signs of recession

The medium-term outlook for the UK economy is far more optimistic than these numbers suggest," Hunt said in a statement

TMS Ep576: GDP data, lessons from tunnel fiasco, Henry Kissinger & more

What do the good Q2 GDP numbers tell us? What lessons does the Silkyara tunnel fiasco teach? Why are investors betting big on IPOs? What made Henry Kissinger important? All answers here

Handle with care: India's latest GDP numbers flatter but don't deceive

Even if no statistical jugglery is afoot, the "noise" in India's GDP numbers should be eliminated in order to hear the underlying music without distortion, writes T N Ninan

India's GDP grew 7.6% in Jul-Sep quarter, higher than RBI MPC projection

At the Business Standard BFSI Summit last month, RBI Governor Shaktikanta Das said that the Q2 GDP figure is likely to surprise everyone on the upside

Q2 numbers an upside for FY24 GDP estimate: CEA V Anantha Nageswaran

The GDP numbers released on Thursday evening surpassed private estimates by a wide margin as manufacturing and construction activities expanded in double digits

Is the economy surging or decelerating: Understanding India's growth rate

This controversy, like so many, has generated much more heat than light because the critics are not shining a light in the proper place

Q1 GDP data: Investment growth comes up short despite govt capex push

This was despite heavy capital expenditure by the Centre. That grew 57 per cent at Rs 2.8 trillion in the Q1 of FY'24 year-on-year

TMS Ep445: GDP data, JioMart consolidation, new age stocks, WTO

What does GDP data tell us about the economy? What's behind Reliance Retail's JioMart consolidation? Are new age stocks a good bet post Q4 results? What is WTO? All answers here

Three out of five large economies show pick-up in growth, shows data

The UK and Germany were among those who have been in the midst of a slowdown

Top Headlines: IPEF deal on supply chains in Detroit, GDP preview and more

Business Standard brings you top news at this hour

GDP preview: Strong growth seen in Q4 on services rebound, pvt investment

While consumption recovery remains strong in urban areas, the rural market is also showing nascent sign of recovery as real wage growth turns positive

India's additional green financing need at 2.5% of GDP: RBI report

PSBs more vulnerable to shocks than private banks