Page 15 - Gdp Growth

GDP growth slows down in USA and Japan; remains same in Germany

The OECD expects the US and China, the two largest economies, to slow down in 2025

Highlights: India's FY24 fiscal deficit lower than full-year target, shows data

India GDP data release updates: Catch all the news updates on the release of India's Q4 GDP data here

India's GDP growth rate jumps to 7.8% in Q4; FY24 growth at 8.2%

In the previous quarter, GDP growth rate accelerated to 8.4%, it was 7.6% in the July-September quarter

India Q4 GDP numbers today: Will the actual data match the predictions?

India's GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%

India to grow 7% in FY25, fastest among major economies: RBI annual report

Indian economy is projected to grow at 7 per cent -- the fastest among major economies across the world -- in the current fiscal year, underpinned by a sustained strengthening of macroeconomic fundamentals, the Reserve Bank of India (RBI) said in its latest annual report on Thursday. While the central bank expected headline inflation to moderate further, it flagged risks to food inflation saying that it remains vulnerable to supply-side shocks. The RBI's balance sheet size surged 11.08 per cent to Rs 70.48 lakh crore (about USD 845 billion) as of March 31, 2024. This was nearly 2.5 times that of Pakistan's entire GDP of close to USD 340 billion. The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year -- the third consecutive year of 7 per cent or above growth pace. The economy showed resilience in FY24 (2023-24 fiscal) despite persistent ...

IMF upgrades China's 2024, 2025 GDP growth forecasts after 'strong' Q1

The global lender now expects the world's second-largest economy to grow 5 per cent in 2024 and to slow to 4.5 per cent in 2025

India's GDP growth in Q4 likely slowed to at least a four-quarter low

NSO to release Q4 growth numbers, FY24 provisional estimates on Friday

Electricity subsidies are getting done better

On-Budget subsidies create more gratitude in the voter

A better way to fix MGNREGS

The problems of the rural job scheme should be tackled through stricter monitoring, not by burden-sharing

Pakistan's GDP grows 2.09% in Q3 supported by higher growth in agriculture

The bureau revised the first and second quarter GDP estimates for financial year 2023-2024 to 2.71 per cent and 1.79 per cent respectively, compared to earlier estimates of 2.5 per cent and 1 per cent

India's digital economy is growing 2.8x of GDP: Rajeev Chandrasekhar

'We are already the fastest-growing digital economy in the world, and for me, it is clear that we are aiming for a $1 trillion digital economy by 2027-28', he further added

UN revises India's GDP growth forecast by 70 basis points to 6.9%

The UN body also noted that surging demand for critical minerals presented new opportunities for developing economies but pointed to a need for innovation and policy and institutional reforms

UK exits recession with better-than-expected forecast 0.6% GDP growth

The Office for National Statistics said gross domestic product expanded by 0.6 per cent in the three months to March, the strongest expansion since the fourth quarter of 2021

India expects FY25 growth of over 7%, says CEA V Anantha Nageswaran

The possibility of growth touching 8% in the last fiscal year that ended on March 31 is quite high, he added

Economy will regress into 'fragile five' if Cong manifesto implemented: FM

If Congress' poll manifesto were to be implemented, the Indian economy currently ranked among the top five globally, would regress into the "fragile five", Union Finance Minister Nirmala Sitharaman said on Saturday. She claimed the Congress poll document is "more akin to a Muslim League document" and the BJP is duty-bound to question its import. Sitharaman's attack comes against the backdrop of the 'conducting an economic survey and x-ray of society' remarks made by Rahul Gandhi and the BJP's allegation that Congress is planning redistribution of wealth if voted to power. "It is the worst manifesto which is not in the interest of the nation," Sitharaman said. Speaking at a meeting with select journalists in Pune, the finance minister wondered whether the Congress has conducted the necessary financial planning to fulfil the assurances listed in its manifesto. "I know they are not coming to power, but I would still like to ask, even if the subject of the Congress manifesto were to b

RBI's forex intervention eases as conditions turn favourable for rupee

India's current account will wing to a surplus in the March quarter, economists said

India needs 'hard reforms' to reach GDP growth of 7.5%, says HSBC

Prime Minister Narendra Modi - who is seeking a third term in elections that run until June 1 - has been campaigning on making India a developed nation by 2047

Indian economy likely to grow 7% in FY24 amid benign global outlook: NCAER

The Indian economy could grow more than 7 per cent during the current fiscal amid a benign global outlook and expected above-normal monsoon, economic think tank NCAER has said. In its April 2024 issue of Monthly Economic Review (MER), NCAER said a range of high-frequency indicators reveal the resilience of the domestic economy with the Purchasing Managers' Index (PMI) for manufacturing at a 16-year high and UPI, the leading digital payments system, touching the highest volume since its inception in 2016. "Projected acceleration in both global growth and trade volumes, as well as a forecast of an above-normal monsoon, indicate that the Indian economy can again attain growth rates higher than 7 per cent during the current fiscal year," said NCAER Director General Poonam Gupta. According to NCAER, Goods and Services Tax (GST) collections reached Rs 1.8 lakh crore in March, the second best since its rollout in 2017, while UPI recorded 13.4 billion transactions (in volume) in March 2024,

Capex push by govt to propel GDP growth between 7.1-7.4% in FY25: NIPFP

However, the review by the NIPFP also listed compression in the government consumption expenditure and a subdued growth in private consumption as downward risks to the forecast

Economic think-tank NIPFP projects India's FY25 GDP growth at 7.1%

Economic think-tank National Institute of Public Finance and Policy (NIPFP) on Friday said it has estimated India's GDP growth at 7.1 per cent for the current fiscal, using high-frequency models. NIPFP, in a series of tweets, said the Centre is on a fiscal consolidation path through buoyancy in taxes and revenue expenditure compression. The economic think tank said that in 2023-24, states' capex growth is robust due to significant capex transfers from the Centre. While the Asian Development Bank (ADB) and Fitch Ratings have estimated India's growth at 7 per cent, the International Monetary Fund (IMF), S&P Global Ratings and Morgan Stanley projected a 6.8 per cent growth rate for FY25.