Page 7 - Gdp Forecast

IMF raises India's GDP growth forecast by 30 bps to 6.8% for FY25

Also sees world economy growing faster at 3.2% in 2024

ADB raises India's GDP growth forecast for FY25 to 7% from 6.7% earlier

The ADB had in December last year projected the Indian economy to expand 6.7% in the 2024-25 fiscal

Inflation targeting framework is the focus: RBI governor Shaktikanta Das

The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time

The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1

Morgan Stanley raises India's GDP growth forecast for FY25 to 6.8%

Morgan Stanley expects India's GDP growth to remain robust, with an anticipated growth rate of around seven per cent in the fourth quarter of FY24

Investors, once eager to pump in billions in Indian startups, losing steam

In January and February, India's startups raised about $900 million - a pace that signals another slow year after a six-year low of just $8 billion in 2023, Venture Intelligence data shows

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

India's February manufacturing PMI rises to 56.9, highest in 5 months

The latest PMI figure comes a day after the National Statistical Office (NSO) data showed that India's GDP grew by 8.4 per cent in the October-December quarter

India's GDP to grow at around 6.75-6.8% in FY25, says Bank of Baroda

The International Monetary Fund has projected the Indian economy to grow at 6.7%

India's GDP growth to moderate to 6.5% in FY25, projects Morgan Stanley

Morgan Stanley Research's report said that it maintained a constructive outlook on the Indian economy, while highlighting that risks emanate from global factors and elections in May 2024

Land record digitisation will improve GDP: Rural development minister

Digitisation of land records and registration is expected to improve the GDP of the country by about 1.5 per cent, Rural Development Minister Giriraj Singh said on Thursday. He made the remarks at the inauguration of the two-day Bhumi Samvaad on 'Sharing of Best Practices in Land Management Modernization'. Addressing officers from across the country at the conference, Singh emphasized that saturation of the digitisation process of land records and registration will help mitigate the huge pendency of court cases involving land disputes. It will also help in improving the ranking of the country in terms of ease of doing business", he said. "Digitisation of land records and registration is expected to improve the GDP of the country by about 1.5 per cent," he said. Stressing on the importance of emerging technologies such as blockchain and CORS in the modernisation process of land management, he said this will go a long way in achieving the objectives of the government under ...

Red Sea disruptions likely to dent India's growth forecast, says Fitch

It added that India's economic forecast faces a significant risk in the event of a prolonged spell of disruptions

GDP growth will moderate to below 6% in December quarter: ICRA projection

Rating agency ICRA has projected the GDP growth rate to slow down to below 6 per cent in the December quarter, mainly account of sharp fall in kharif crop output, and weak progress in rabi sowing for some crops. india had registered a Gross Domestic Product (GDP) growth rate of 7.6 per cent in the July to September period. The rating agency said the year-on-year growth in ICRA Business Activity Monitor eased for the second consecutive month to a six-month low of 8.1 per cent in December 2023 -- as against 7.9 per cent in December 2022 and 9.6 per cent in November 2023. "This can be attributed to a combination of factors, including easing in momentum of activity after the end of the festive period, tapering of demand for electricity and petrol with the onset of the winter season in North India, as well as unfavourable base effects for some indicators," it said. Despite a moderation in year-on-year growth, the index witnessed a sequential uptick of 1.4 per cent in December 2023, driv

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 ...

Interim Budget 2024-25 likely to set nominal GDP growth at 10-10.5%

Govt may finalise FY25 Interim Budget assumption this week

LIVE: India's GDP likely to grow by 7.3% in FY24, shows NSO data

Catch all the latest updates from across the globe here

India likely to project higher GDP growth estimates of 7% for FY24: Report

S&P expects India, currently the world's fifth-largest economy, to grow at 6.4% this fiscal and estimates growth will pick up to 7% by fiscal 2027

Weak consumption demand key vulnerability for growth: Shashanka Bhide

Shashanka Bhide, one of the three external members of the Monetary Policy Committee (MPC), on Thursday flagged a weak consumption demand as a key vulnerability for growth in the second half of the current fiscal as well as the next financial year. After more-than-expected Q2 growth which printed at 7.6 per cent on the back of a 7.8 per cent clip in Q2, the Reserve Bank in the December policy review revised upwards the FY24 growth projection by 50 bps to 7 per cent. While the government does not have an official GDP forecast number, it expects the economy to grow at 6.5-7 per cent this fiscal. "The September quarter growth at 7.6 per cent was significantly more than what we were expecting. But these numbers, even when they are more positive or favourable, require far more concern. "I believe there are vulnerabilities to this 7 per cent growth assessment. The few major growth drivers include investments that are driving growth, but we see weaker growth in consumption demand," Bhide s

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

$5 trillion economy goal for 2025 nearly impossible: Raghuram Rajan

Former RBI governor Raghuram Rajan has attributed the sharp uptick in GDP in the first half of the current fiscal to infrastructure spending and good performance by large economies of the world but added India has to do a lot of catching up and the USD 5 trillion economy goal for 2025 is nearly impossible. Rajan further said that even as India's growth rate is strong, private investment and private consumption have not picked up. "So if you look at why we have done so well this year, one of the reasons we are doing so well is also because the world is doing well. "... the other reason for this very strong growth in the first half is tremendous government spending on infrastructure," Rajan told PTI. India retained the tag of the world's fastest-growing major economy, with its GDP expanding by a faster-than-expected rate of 7.6 per cent in the July-September quarter on booster shots from government spending and manufacturing. At constant (2011-12) prices in April-September 2023-24 (