Page 12 - Gdp Growth

Climate change to put APAC GDP on thin ice with 41% melt by 2100

India alone could face 24.7% loss in GDP by 2070

India to face 24.7% GDP loss by 2070 due to climate change: ADB report

Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across the Asia and Pacific region, with India projected to suffer a 24.7 per cent GDP loss, according to a new report. Rising sea levels and decreasing labour productivity would drive the most significant losses, with lower-income and fragile economies being hit the hardest, it said. The new research, presented in the inaugural issue of ADB's "Asia-Pacific Climate Report", details a series of damaging impacts threatening the region. It says that if the climate crisis continues to accelerate, up to 300 million people in the region could be at risk from coastal inundation, and trillions of dollars' worth of coastal assets could face annual damage by 2070. Climate change has supercharged the devastation from tropical storms, heat waves, and floods in the region, contributing to unprecedented economic challenges and human suffering, said ADB President Masatsugu Asakawa. Urgent, ...

GDP growth, inflation among key triggers that may drive mkts in Samvat 2081

While GDP growth may have moderated in Q2FY25, inflation might not weigh so heavily on markets in Samvat 2081 say analysts. Here are some key insights on what may drive markets going forward

India's economic growth faces two major risks and two key challenges

Having successfully tackled internal economic instability, it now faces external threats to growth

Decarbonisation of world economy progressing far too slowly: Fitch

They said one of the reasons for emerging markets poor performance was underinvestment in clean energy projects, especially in emerging markets excluding China

India's economy: Glass permanently half full on the road to development

Only three-four countries in the past 100 years have transformed themselves into developed nations - Japan, Taiwan, South Korea; and China in the 1990s

Committed to structural reforms in third term, says PM Narendra Modi

Modi confident India will continue to grow at more than 7%

Demand slowdown pulls down services PMI to 10-month low in September

New business intakes expanded sharply at the end of the second financial quarter, but the pace of growth retreated to a 10-month low

How to make in India for the world and attract large global companies

We should be wary of global consultants pushing grand visions of India becoming a $50 trillion or $100 trillion economy, especially when per capita income is still under $3,000

S&P retains India's FY25 growth forecast at 6.8%, expects rate cut in Oct

S&P expects inflation to average 4.5 per cent in the current financial year

GDP share, per capita income: States showing no signs of convergence

There is a need for targeted and focused intervention to bring the lagging states up to speed as quickly as possible through Finance-Commission devolution or other means

Innovation, competition, ambition: Why Indian firms must invest more in R&D

The success story of a few dozen firms could fire Indian industry to build proprietary technology and deploy it worldwide

Mospi may use GST data to calculate GDP figures after base year revision

So far the Goods and Services Tax Network was reluctant to share such data with MoSPI, citing confidentiality

Regulatory reforms critical for India's push towards Viksit Bharat

While several government initiatives towards policy and legislative reforms are of critical importance, the challenges faced are more internal than external

Confident RBI's growth projection will materialise in coming quarters: Das

The slowing of India's economic growth to a 15-month low of 6.7 per cent in the April-June quarter was due to "lower" government spending in the wake of the enforcement of the model code of conduct for the recent Lok Sabha polls, RBI Governor Shaktikanta Das said here on Saturday. The RBI had projected a growth rate of 7.1 per cent for the April-June quarter of this fiscal. "The Reserve Bank projected a growth rate of 7.1 per cent for the first quarter. However, the first advance estimation data released by the National Statistical Office showed the growth rate at 6.7 per cent," Das told reporters here. The components and main drivers responsible for the GDP growth like consumption, investment, manufacturing, services and construction have registered a growth of more than 7 per cent, he said. Only two aspects have pulled the growth rate slightly down. Those aregovernment (both central and state) expenditure and agriculture, the RBI governor pointed out. He said the government ...

India's GDP growth slows to 5-quarter low of 6.7% in April-June quarter

But gross value added growth picks up pace in Q1; rains, lower inflation may help in consumption recovery

GDP growth still resilient: India maintains momentum despite Q1 slowdown

The high difference noticed in the GVA and GDP growth during the 3 rd and 4 th quarter of FY24 has eased in Q1FY25

India's GDP growth slows to 15-month low of 6.7% in April-June quarter

India's gross domestic product slowed to a quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data. India remains the fastest-growing major economy, as China's GDP growth in the April-June quarter was 4.7 per cent. The agriculture sector recorded a 2 per cent growth, down from 3.7 per cent in the April-June quarter of 2023-24, as per the National Statistical Office (NSO) data released on Friday. However, the growth in the manufacturing sector accelerated to 7 per cent in the first quarter of the current fiscal compared to 5 per cent in the year-ago period. The previous GDP low was 6.2 per cent in January-March 2023.

India's June qtr GDP growth likely slowed on reduced government spending

Despite strong growth relative to other economies, India is lagging on job creation and more inclusive economic growth

GDP growth rate likely to decline to 7.1% in Q1, say SBI economists

Economists at the country's largest lender SBI on Monday joined other watchers forecasting a slip in the economic growth and estimated India's real GDP growth to come at 7.1 per cent for the June quarter. The economists said the growth in gross value added (GVA) will fall below 7 per cent to 6.7-6.8 per cent for the April-June period this fiscal when compared to the year-ago period. "As per our 'Nowcasting Model', the forecasted GDP growth for Q1 FY25 would be 7.0-7.1 per cent, and GVA is at 6.7-6.8 per cent with a downward bias," the economists said. It can be noted that the real GDP growth had come at 7.8 per cent in the June quarter last year and the preceding March quarter. A slew of analysts have been pointing to a moderation in economic activity in the June quarter, mainly driven by softer manufacturing and lower government spending due to the general elections. The report also said that given the uncertain global growth outlook and the softening inflation, there is a space f