Page 26 - Gdp Growth

Through the economic data fog

The picture of the Indian economy is one of near stagnation between 2011 and 2020, a massive bounce-back in the immediate post-pandemic period, and now muted growth

FinMin retains 6.5% GDP growth estimate for FY24, says 'outlook bright'

The Finance ministry is confident that the impact of these developments on underlying economic activity in India should be relatively contained

Upward revision: OECD raises India's FY24 GDP growth projection to 6.3%

Also revises inflation projection to 5.3% from 4.8%

India's growth rate and the sanctity of GDP deflator

The available data does not obviate the significance of the recent performance and resilience of the Indian economy, including in the context of the concomitant global trends

Headwinds ahead for NBFCs; analysts differ significantly in recommendations

But analysts differ significantly with respect to individual large players

India's outward FDI down 33.3% in August on grim global prospects

After declining for two months, outward FDI had increased sequentially to $1.8 billion in July 2023 compared to $1.07 billion in June, marking a rise of 73 per cent

Is the economy surging or decelerating: Understanding India's growth rate

This controversy, like so many, has generated much more heat than light because the critics are not shining a light in the proper place

Potential for Indian IT sector stocks likely to see some rerating

Much of the bad news seems priced in, and a gradual recovery in US tech spending could happen from Q2

Rethinking growth

The economy will not grow in a socially desirable direction on its own

1 bn hungry stomachs to 2 bn skilled hands: PM hails India's progress

The prime minister also made a strong pitch for United Nations reforms in line with the changing realities of the world and to ensure representation of voices that matter

Low nominal Q1 growth results in fiscal pressures

On the fiscal side, the monthly data released by the CGA shows that the direct tax collections contracted by 1% in the first quarter of 2023-24

Under pressure

Risks to growth have increased

ICRA estimates GDP growth at 8.5% in Q1, maintains FY24 forecast at 6%

India's economic growth will accelerate to 8.5 per cent in the April-June period of the current fiscal from the 6.1 per cent growth rate witnessed in the preceding January-March quarter, Icra Ratings said in a report on Tuesday. The rating agency attributed the faster growth to a supportive base and also a recovery in the services sector. Though its estimate is higher than the RBI's forecast of 8.1 per cent, Icra's chief economist Aditi Nayar said the second half of the fiscal is likely to witness headwinds, which will prove a dampener. Nayar said erratic rainfall, narrowing differentials with year-ago commodity prices, and possible slowdown in momentum of government capex "as we approach the Parliamentary elections will limit the growth", and maintained her 6 per cent real GDP growth estimate for FY24 which is lower than RBI's 6.5 per cent. In the first quarter, unseasonal heavy rains, lagged effect of the monetary tightening and weak external demand exerted a downward pressure on

Digital economy to contribute over 20% of GDP by 2026: Chandrasekhar

Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday forecast that the digital economy will contribute more than 20 per cent of the country's GDP in 2026. Addressing the 'G20 Digital Innovation Alliance Summit' here, he said India is a preeminent nation that adopted technology very fast and has started offering solutions to the world. "The digital economy has gone from 4-4.5 per cent in 2014 of the total GDP to 11 per cent of the total GDP today. And we expect the digital economy to contribute over 20 per cent of our GDP by 2026," Chandrasekhar said. According to him, India adopted technology not just for innovation in a broader sense, but to deliver real solutions that have transformed people's lives, governance and democracy in the last few years. "This pace of digitalisation means we are now looking at every citizen, every consumer consuming digital products or services, whether it is Instagram reels or Digital Public Infrastructure

Fitch downgrades US' rating: How soon can the markets recover?

Stock markets, analysts suggest, are impacted by unexpected events and see a knee-jerk reaction. When market valuations are high, the sell-off, they say, will be sharp

With a GDP growth of 6.5%, we will be growing at 13%: South Indian Bank CEO

The road map is clear that we want to grow in retail, as it helps us in diversifying the business, says Ramakrishnan, MD & CEO, South Indian Bank.

IMF raises India's FY24 GDP growth forecast by 20 basis points to 6.1%

Agency also revises upward growth outlook for global economy by 20 basis points for 2023 to 3%

Who can dethrone the US dollar?

There is little conflict between dollar domination and Indian success

India's GDP reaches $3.75 trillion-mark in 2023, says Finance Ministry

CEA says it's time to catch up with the pre-pandemic trend

Mutual funds invest over Rs 2,400 cr in equities in May due to GDP growth

After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said. "Stable GDP growth, low inflation, investor-friendly policies, and global market sentiments towards emerging economies play a significant role in attracting investments from both mutual funds and foreign portfolio investors (FPIs)," Akhil Chaturvedi, Chief Business Officer at Motilal Oswal AMC, said. According to the data available from the Securities and Exchange Board of India (Sebi), mutual funds infused a net sum of Rs 2,446 crore in equities as compared to a net withdrawal of Rs 4,533 crore in April. However, there is a disparity in May's investments between mutual fund