While the Reserve Bank of India (RBI) had projected GDP growth of 6.5 per cent for the second quarter of FY24, a Reuters poll of economists estimated it to be slightly faster, at 6.8 per cent
Low nominal growth can pose challenges
Prime Minister Narendra Modi said that the Centre was committed to ensuring fast-paced growth to create more opportunities, rapid eradication of poverty and improving 'Ease Of Living'
The GDP growth is expected to further slow to 6.1 per cent in the next financial year (FY25), before rebounding in FY26
To achieve the levels seen in 2008, it is essential to increase corporate productivity
Those at Goldman Sachs, on the other hand, see the Indian economy growing a tad lower at 6.3 per cent in the year ahead.
Besides, the index of industrial production (IIP) also grew at a robust pace of 7.34 per cent during the quarter, along with a robust 13.9 per cent growth in electricity demand
The pressure to rein in capital expenditure and collect more tax revenue may increase
Morgan Stanley believes that strong earnings growth relative to GDP growth is one of the five key drivers underpinning "India's structural bull market"
The report further said that the State Bank of India and leading private-sector banks have largely addressed their asset-quality challenges
The government has exhausted only 39 per cent of its fiscal deficit target in the first half (April-September) of FY24
For achieving over 8 per cent annual economic growth, the country will have to improve its human capital
With cash in the bank and low debt, the bigger players may establish their dominance in markets that require scale, but that does not seem to mean smaller companies will do poorly, writes T N Ninan
Patra further said that central banks and financial institutions must actively address climate change, as it impacts their mandates of price and financial stability
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The ten emerging economies include Brazil, China, India, Indonesia, Korea, Mexico, Poland, Russia, South Africa, and Turkey
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These goals include a per capita gross domestic product (GDP) of $17,590, $8.67 trillion of exports, and Rs 1,273 trillion of investments by 2047
A closely watched measure of underlying inflation, meanwhile, cooled to the slowest pace since 2020