Page 27 - Gdp Growth

What does 2022 tell us about Indian economy in 2023?

As the year comes to a close, the country has emerged as a bright spot in an otherwise dark global economic horizon. But, does that mean that all was well on the economic front in 2022? Let's find out

Japan upgrades GDP growth forecast to 1.5% for fiscal year 2022-23

The Japanese government on Thursday revised upward its economic growth forecast for fiscal 2023 to a real 1.5 per cent on expectations for increased capital spending and private consumption.

Pakistan's central bank slashes GDP growth forecast to below 3-4%

Pakistan's central bank has lowered its projected GDP growth estimates for the cash-strapped country from the previously announced range of 3-4 per cent for the current fiscal year, citing flood-induced destruction and the stabilisation policy. The State Bank of Pakistan's (SBP) flagship economic health report released on Wednesday said economic growth was stronger than expected in the 2021-22 fiscal year as the real GDP increased by 6 per cent compared to 5.7 per cent a year ago. The primary drivers of this growth were a broad-based expansion in large-scale manufacturing (LSM) and improved agricultural output, the Dawn newspaper said, quoting the report. The primary drivers of this growth were a broad-based expansion in LSM and improved agricultural output, the report said. A combination of adverse global and domestic developments led to the re-emergence of macroeconomic imbalances during FY22, it said. The SBP said that the economy was already in a stabilisation phase when ...

Finland cuts GDP growth forecasts for 2023 to 0.2%, signalling recession

Finland's Ministry of Finance has marked down its economic prognosis for 2023. It now predicts a 0.2 per cent GDP decline. Back in September, it projected growth of 0.5 per cent

Revisiting international trade's role in domestic development

Unlocking trade-enabled economic development alongside tenets of development including gender equity, income inequality, infrastructure, and other SDGs is very much possible

India all set to achieve $5 trillion economy target by FY25: Nitin Gadkari

India is the fastest growing major economy in the world and is all set to achieve USD 5 trillion GDP by 2024-25, Union Minister Nitin Gadkari said on Friday. Addressing an event organised by industry body FICCI, Gadkari said the central government is aiming to boost growth and employment to achieve sustainable development. The road transport and highways minister said India will play a key role in achieving global Sustainable Development Goals (SDGs) 2030. Gadkari noted that India needs to increase its exports and reduce imports. "We are also working on developing alternative, clean and green fuel like bio ethanol, bio-CNG, bio-LNG and green hydrogen," he said, adding green hydrogen is the fuel for the future. The minister said currently India's automobile industry is worth Rs 7.5 lakh crore and he wants to take it to Rs 15 lakh crore."This will create lots of new jobs." He also said his focus is on reducing cost of construction. "We are trying to minimise use of steel and cement

Falling P/E may cap returns in 2023: Credit Suisse's Neelkanth Mishra

Credit Suisse expects domestic earnings to grow 15 per cent over the next one year and market returns could be in line with that

Wide gap between bank credit and deposit growth seen declining

Lower GDP growth, RBI rate hikes, reversal of base effect to blunt credit growth, analysts say

Remarkably resilient: World Bank ups FY23 India growth forecast to 6.9%

Says strong macro fundamentals place country in good stead

Ad industry pegs 2023 adex growth at 14-16% despite slower startup spends

Agencies such as GroupM, Dentsu and Interpublic Groupe's Magna remain bullish about domestic ad spends; 2022 to close at 15% in terms of adex growth, they say

Rice production, telecom subscribers pull down GDP growth in Q2 FY23

Steel consumption, commercial vehicle sales and some other sectors help economy

Latest news LIVE: Exit polls predict BJP to win Gujarat, Himachal

Catch all the latest news and updates from around the world here

Why does India continue to have an export problem? Sociology may answer

All kinds of policies have been tried to boost Indian exports, but nothing has worked. Maybe, sociology holds the answers

Top Headlines: India's G20 presidency from today; GDP growth in Q2 and more

Here is our morning brief of today's top headlines

Q2 GDP numbers: Growth seen tapering in the July-September quarter

The growth had fallen drastically from 13.5 per cent in the April-June quarter and was even lower than last year's number of 8.4 per cent

Centre's fiscal deficit touches 45.6% of Budget target till October

With the GDP numbers out, the deficit stood at 4.7 per cent of GDP in the first six months of FY23

Robust activity in services sector holds up 6.3% GDP growth in Q2

GDP grew 7.6 per cent in the September quarter of FY23 over the comparable period in FY20, which was before the pandemic

Economy will grow over 6.8% in FY23, says CEA V Anantha Nageswaran

While on the growth outlook of the next financial year FY24, he said he is optimistic on the growth story than many of global agencies forecast

India on track to achieve 6.8-7% GDP growth this fiscal, says CEA

The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, Chief Economic Advsior V Anantha Nageswaran said on Wednesday. He said the economic recovery momentum is continuing and the GDP is averaging the 2019-20 level. "In 2022-23, the economy is on track to reach a 6.8-7 per cent growth in the current fiscal," he said, adding festival sales, PMI, bank credit growth and auto sales data shows that the economy has maintained momentum despite global headwinds. The IMF has projected Indian economy to grow at 6.8 per cent this fiscal, while the RBI has pegged it at 7 per cent. India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, as against 8.4 per cent in the same period 2021-22. India's economy grew by 9.7 per cent growth in the first half (April-September) of this fiscal.

GDP growth may have beaten MPC's estimate of 6.3% in Q2: Economists

Growth numbers for the second quarter of the current financial year are scheduled to be out today