Budget 2025: GDP projections in line with international agencies including International Monetary Fund (IMF), Asian Development Bank (ADB), and World Bank
Growing geo-economic fragmentation can decrease global GDP by up to USD 5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the COVID-19 pandemic, a new study showed on Thursday. India and some other emerging economies can bear the biggest burden in the most extreme fragmentation scenario, it cautioned. Countries are increasingly using the global financial and trading systems to advance geopolitical objectives through sanctions, industrial policies, and other economic measures, the World Economic Forum said while releasing the report here during its Annual Meeting 2025. The Navigating Global Financial System Fragmentation report estimated that fragmentation resulting from statecraft policies could cost the global economy USD 0.6 trillion to USD 5.7 trillion up to 5 per cent of global GDP due to reduced trade and cross-border capital flows as well as lost economic efficiencies. It could also increase global inflation by more than 5 per cent in a very high ..
Bahujan Samaj Party chief Mayawati on Wednesday urged the Centre to prioritise national and public welfare over "narrow politics, after the government revised downwards the GDP growth estimate for the current fiscal. Her remarks came at a time when the Indian rupee has hit a record low of 85.83 against the US dollar, and the GDP growth rate is forecast to drop to 6.4 per cent for 2024-25, the lowest in four years. "The GDP growth rate is expected to fall to 6.4 per cent. Most newspapers highlighted this as their top news today. The ones who are truly saddened by this are the country's poor and hardworking population, who, despite their tough lives, are not ready to hear any harm coming to their nation," Mayawati said in a post on X. "The poor may not have a direct connection with the falling value of rupee in the global market, yet they are unhappy about it. The government must respect their emotions, and, setting aside its 24-hour narrow politics, focus on public and national welfa
Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth
At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses
Falls short of RBI estimate; better showing in agri and manufacturing expected in H2
Real GDP growth will come lower than the official estimate at 6.2 per cent in the ongoing fiscal year and inch up to 6.5 per cent in FY26, a foreign brokerage said on Tuesday. The Q2FY25 growth number at 5.4 per cent was disappointing, HSBC said in a report, adding that it expects the gross value added growth in the December quarter to go up to 6.5 per cent. "Our 100 indicators analysis shows that growth indicators have improved since September, but remain weaker than June," the report said. It said 65 per cent of the indicators are growing at a positive clip in the December quarter compared to 55 per cent in the July-September period, and added that improvements have been the clearest in agriculture, exports, and construction. Even urban consumption, which has been discussed a lot in recent weeks in a concerning way, has shown some improvement in the December quarter, the report said. The brokerage said utilities and private investment indicators continue to remain subdued, and .
Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024
Early signs indicate a positive opening for the markets. At 6:37 AM, GIFT Nifty futures were trading 51 points higher at 23,772, pointing to a higher start for the bourses
RBI Monetary Policy Committee answers queries on growth forecasts, liquidity, cash demand, and CRR adjustment
Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future
The CPI inflation for Q3 FY2025 is expected to overshoot the MPC's estimate of 4.8 per cent for the quarter by at least 60-70 bps
India's GDP recorded a 5.4% growth in the July-September quarter, its slowest in two years
At 6:55 AM, GIFT Nifty futures were down 13.5 points, trading at 24,260, indicating a flat to negative start for the markets
During the June quarter of FY25, the economy grew 6.7 per cent
The IMF kept its GDP growth forecasts for India unchanged at 7 per cent for FY25 and 6.5 per cent for FY26 in its World Economic Outlook
India continues to be a bright spot in an otherwise gloomy global outlook and the country could clock a 7 per cent growth in the current fiscal despite the headwinds, Deloitte South Asia CEO Romal Shetty has said. Shetty, who is the youngest chief executive of a Big Four accounting and consultancy firm in India, said inflation is reasonably under control, there has been a pick-up in rural demand and vehicle sales are improving. "We believe that we would be in the 7-7.1 per cent range in terms of the growth (this fiscal year). You have got the headwinds, the tailwinds... But the fact is, still India is in a better position, in spite of whatever is happening globally but we can't say we're decoupled from the world," he said, adding that the geopolitical crisis in the Middle East and Ukraine and the slowdown in the western world will impact GDP growth. According to Deloitte projections, growth is likely to be 6.7 per cent in the next fiscal year (2025-26). The Indian economy grew 8.2 p
India grew at 8.2% in FY 2023-24, becoming the fastest-growing major economy in the world
The International Monetary Fund had earlier also raised India's growth forecast to 7 per cent for the financial year 2024-25 (FY25), following the conclusion of general elections in the country
Goldman Sachs and J.P.Morgan maintained their FY25 GDP forecast for Asia's third-largest economy at 6.5 per cent