Page 16 - Gdp Growth

Saudi Arabia attracts $13 bn private sector investment in tourism industry

'The current GDP contribution is 4.5% and we aim to get that to 10% by 2030,' she said in an interview. 'We started from 3.2% when we opened up for tourism.'

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

CRISIL raises India's GDP growth forecast to 6.8% from 6.4% for FY25

On the inflation front, Crisil expects softening to continue in the next fiscal on the back of healthier agriculture output that tames food inflation, and benign oil and commodity prices

India likely to grow at 10% for 10-20 years: Deloitte's Romal Shetty

He urged investors to grab the opportunity India's rapid growth offers

Closing gender gap could lift global GDP more than 20%, says World Bank

The report said obstacles that women face in entering the global workforce included barriers to starting businesses, persistent pay gaps and bans on working at night or in jobs deemed 'dangerous'

How realtor wove $12 billion tapestry of fraud - the biggest in Vietnam

The country's largest-ever fraud case is among a slew of high-profile proceedings following from the Communist Party of Vietnam's crackdown on corruption

Day after Q3 GDP surprise, analysts raise growth forecast for FY25

SBI projected the Indian economy to grow at 8 per cent in FY25

India's Q3 GDP growth boosted by sharp fall in key subsidies: Report

Government data showed fertiliser subsidies in the October-December quarter declined by nearly 70% to 307 billion rupees ($3.7 billion) from the same period a year ago

Q3 GDP growth surges to 8.4%: Unravelling the story of robust growth

Yet, such discrepancies in India's economic data are not unprecedented. That's also the case with large downward revisions of past data that boost recent growth rates

Economy on high growth trajectory due to sustained reforms: India Inc

India Inc on Thursday said 8.4 per cent GDP growth in the October-December quarter of FY24 has "surpassed" expectations, and the economy is on a high growth trajectory due to sustained reforms undertaken by the government. India's economic growth accelerated to 8.4 per cent in the October-December quarter of this fiscal, driven by double-digit growth in manufacturing and good showing by mining & quarrying and construction sectors. The GDP (gross domestic product) growth was 4.3 per cent in the October-December 2022 quarter, according to the data released by the National Statistical Office (NSO) on Thursday. "Industry is enthused to note the strong set of GDP growth numbers for the third quarter (YoY), which surpassed expectations...What is more comforting to note is the fact that the robust expansion came despite the recurring spate of geopolitical flashpoints," said Chandrajit Banerjee, director general, CII. He further said the Indian economy is on a high growth trajectory ...

8.4% GDP growth shows economy's strength, potential, says PM Modi

The GDP growth of 8.4 per cent in the third quarter shows the strength of Indian economy and its potential, Prime Minister Narendra Modi said on Thursday, asserting that the government will continue to make efforts to keep fast economic growth and help 140 crore Indians lead a better life and create a 'Viksit Bharat'. Beating estimates, India's economic growth shot to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining & quarrying, and construction sectors. Modi said, "Robust 8.4% GDP growth in Q3 2023-24 shows the strength of Indian economy and its potential.

Moderation in industrial growth, agri likely to drag down GDP growth in Q3

Meanwhile, services which are the major contributor to the Indian economy display an improvement in Q3, led by trade, hotels, transport and communication services

India's GDP growth likely to moderate to 6.5% in FY25: India Ratings

On the consumption side, India Ratings expects private final consumption expenditure to grow by 6.1 per cent in FY25, up from 4.4 per cent in FY24

DPIs have potential to boost India's GDP growth 3x by 2030: Nasscom study

Digital Public Infrastructure (DPIs) is a set of common platforms or networks that is used to deliver citizen-centric services

GDP growth to moderate sequentially to 6% in Q3 FY2024, projects ICRA

Rating agency ICRA on Wednesday projected GDP growth to moderate sequentially to 6 per cent in the third quarter of FY24 from 7.6 per cent in the preceding three months mainly due to subdued performance of agriculture and industrial sectors. Further, it said the GVA (Gross Value Added) growth is estimated to ease to 6 per cent in the October-December quarter FY24 from 7.4 per cent in the second quarter of the last fiscal. The anticipated deterioration in the industrial sector growth in the third quarter is partly attributable to an adverse base effect and a deceleration in volume expansion, even as the continued deflation in commodity prices kept the profitability of some sectors favourable. Additionally, a mild 0.2 per cent contraction in the total spending of the government of India and the 25 state governments (all states except Arunachal Pradesh, Goa, and Manipur) in the October-December period is expected to have dulled the GVA growth in the quarter. "Lower volume growth for t

Govt debt to GDP may fall in contrast to global trend: RBI report

Dismisses IMF's contention of ratio exceeding 100%

16th FC chairman Panagariya warns against pitfalls of import substitution

On why countries with low per-capita incomes, such as India, must focus on exports, Panagariya explained how the global export market was worth $32 trillion in 2022, almost ten times India's GDP

Legal guarantee for MSP will make farmers drivers of GDP growth: Rahul

Legal guarantee for MSP will not make Indian farmers a burden on the budget but ensure that they become drivers of GDP growth, Congress leader Rahul Gandhi said on Tuesday as he claimed that "lies" are being spread that the MSP guarantee is not feasible under the government's budget. In a post in Hindi on X, Gandhi claimed that ever since the Congress resolved to provide legal guarantee for Minimum Support Price (MSP), "Modi's propaganda machinery and media friendly to him have spread a barrage of lies on MSP". "Lie -- It is not feasible to provide legal guarantee for MSP in the budget of the government of India. Fact -- According to CRISIL, giving MSP to farmers in 2022-23 would have resulted in an additional burden of Rs 21,000 crore on the government, which is only 0.4 per cent of the total budget," Gandhi said in his post. In a country where bank loans worth Rs 14 lakh crore have been waived and corporate tax exemption of Rs 1.8 lakh crore given, why is even a little expenditure

Growth sans 'big bang' reforms

India's economic resilience shows incremental reforms are more effective

Confident on global economic outlook despite uncertainties: IMF's Georgieva

'While uncertainties are still high, we can be a bit more confident about the economic outlook, because the global economy has been surprisingly resilient,' she said in the speech