Page 6 - Gdp Growth

Fitch cuts India's GDP projection by 10 bps to 6.4% as trade war escalates

Fitch says, excluding the pandemic, world growth rate to be the weakest since 2009

Fitch cuts India growth estimates to 6.4% amid ongoing global trade war

Fitch Ratings on Thursday cut India's GDP growth estimate by 10 basis points to 6.4 per cent for the current fiscal, but retained the projections for the next financial year, on concerns over a 'severe' escalation in global trade war. "It is hard to predict US trade policy with any confidence. Massive policy uncertainty is hurting business investment prospects, equity price falls are reducing household wealth, and US exporters will be hit by retaliation," Fitch said in its special update to quarterly Global Economic Outlook (GEO). Fitch also cut the world growth projections in 2025 by 0.4 percentage points and China and US growth by 0.5 percentage points from its March GEO. "Fitch Ratings' forecasts for world growth have been sharply lowered in response to the recent severe escalation in the global trade war. World growth is projected to fall below 2 per cent this year; excluding the pandemic, this would be the weakest global growth rate since 2009," it said. With regard to India,

India must watch out for GDP growth with third chance at doorstep

Having missed two chances to boost manufacturing, India can't afford to miss the third one now at its doorstep

Is India faking growth? Sabeer Bhatia calls GDP numbers a 'big lie'

Hotmail's Sabeer Bhatia slams India's GDP model, says real growth comes from effort and not just money exchange

RBI lowers FY26 GDP growth forecast to 6.5% on global trade uncertainties

Inflation outlook for India improves on sharp decline in food prices and record wheat and pulse production

Tariffs, competition may lead to further downgrades for chemicals sector

The Indian chemical sector is experiencing slow recovery on volume growth. Pressure from Chinese imports persists despite anti-dumping tariffs

India's GDP growth projected at 6.4% for FY25, 6.5% for FY26: EY report

The Indian economy is likely to grow at 6.5 per cent in the fiscal year starting April 1, EY Economy Watch said, emphasising that a well-calibrated fiscal strategy that supports human capital development while maintaining fiscal prudence could significantly enhance long-term growth prospects. The March edition of EY Economy Watch projects India's real GDP growth at 6.4 per cent in FY25 (April 2024 to March 2025 fiscal year). For the next, it projects 6.5 per cent growth, highlighting the need to realign fiscal policy to support the country's journey toward Viksit Bharat. According to revised national accounts data released by NSO last month, real GDP growth rates for FY23 to FY25 are now estimated at 7.6 per cent, 9.2 per cent and 6.5 per cent. With respect to quarterly growth rates for FY25, the third quarter growth is estimated at 6.2 per cent implying a required growth of 7.6 per cent in the fourth quarter to deliver an annual GDP growth of 6.5 per cent estimated by NSO. "A 7.6

India loses 3% of GDP annually due to road accidents: Nitin Gadkari

India is losing 3 per cent of its GDP due to around 5 lakh road accidents annually in the country, Union Minister Nitin Gadkari said on Tuesday. The Minister for Road, Transport and Highways made the remarks while addressing AMCHAM's Technology Interventions For Road Safety: US-India Partnership in the national capital. The most important problem for the country is road accidents, Gadkari said, noting that every year India sees 4,80,000 accidents, which lead to 1,88,000 deaths of people aged between 18 and 45 years. The minister raised concerns that 10,000 deaths are of children below 18 years. Gadakri said, "It is one of the major public health issue and the most important thing is also, we are losing 3 per cent of GDP because of road accidents." The Union minister cited poor detailed project reports (DPRs) as one of the key reasons for accidents. "DPR consultants are the main culprits who are responsible for the road accidents. (They prepare DPRs) sometimes because of cost sav

S&P cuts India's FY26 GDP growth forecast to 6.5% amid global strains

S&P Global Ratings on Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies. "India's GDP will grow 6.5 per cent in the fiscal year ending March 31, 2026, we expect. Our forecast is the same as the outcome for the previous fiscal year, but less than our earlier forecast of 6.7 per cent," S&P said. The forecast assumes that the upcoming monsoon season will be normal and that commodity- especially crude-- prices will be soft. Cooling food inflation, the tax benefits announced in the country's budget for the fiscal year ending March 2026, and lower borrowing costs will support discretionary consumption in India, S&P said. The global credit rating agency ...

Unemployment down, per capita GDP up since 2017: UP CM on 8 yrs of govt

Chief Minister Yogi Adityanath on Monday highlighted Uttar Pradesh's economic progress and welfare initiatives as he marked eight years of the National Democratic Alliance (NDA) government in the state. He noted that the unemployment rate had significantly dropped, per capita income had risen, and UP was on its way to becoming a USD 1 trillion economy. "The unemployment rate in Uttar Pradesh has come down to less than 3 per cent now from 19 per cent in 2016," Adityanath said at a press conference in Lucknow. He added that per capita income, which was Rs 46,000 in 2017, has now reached Rs 1,24,000, showcasing a strong economic turnaround. Adityanath stated that Uttar Pradesh had transformed from a deficit economy into a revenue-surplus state. "We have not imposed any additional taxes on the public, yet we have delivered significant economic results," he said. The state's banking sector has also expanded, with banking transactions now totalling Rs 29.66 lakh crore. Highlighting ...

What GDP data doesn't show: Structural weakness and real living standards

India has not made enough progress in improving living standards. While the country has climbed international rankings, the progress remains slow

India to become world's third-largest economy by 2028: Morgan Stanley

According to Morgan Stanley, India was the 12th largest economy in the world in 1990, slipped to 13th position in 2000 before rising to 9th rank in 2020 and 5th in 2023

Markets Today: GIFT Nifty; Wall St bleeds; Japan GDP; IndusInd Bk; NAPS IPO

FIIs net sold shares worth Rs 485.41 crore, while DIIs net bought shares worth Rs 263.51 crore, on March 10

Datanomics: India closes in on Japan for fourth-largest economy tag

The Indian economy has come closer to Japan. The latter stood at $4 trn in 2024. It is quite possible that India's economy may overtake Japan's next year as latter's economy is struggling to grow

Best of BS Opinion: India needs to recalibrate in a changing world order

Today's editorials and columns look at the world through the lens of relationships, and how they don't always turn out as intended

India's GDP growth picks up to 6.2% in Q3; FY25 projection now 6.5%

Data released by the Ministry of Statistics and Programme Implementation (Mospi) on Friday showed the economy is expected to grow at 6.5 per cent in FY25, marginally higher than the 6.4 per cent proje

Markets Today: GIFT Nifty; Trump tariffs; Q3 GDP; Swasth, HP Telecom IPOs

Stock Market Today: At 6:50 AM, GIFT Nifty Futures were down 148 points at 22,536, hinting at a gap-down start

GDP growth during current fiscal estimated to be 6.3%: SBI research

The State Bank of India (SBI), in its research, has estimated GDP growth during the current financial year (2024-25) to be 6.3 per cent, assuming that the NSO does not make major revisions to the erstwhile first and second quarter estimates. The report said that leveraging 36 high-frequency indicators, the estimated GDP growth for the third quarter of the current financial year should be between 6.2 per cent and 6.3 per cent. According to the National Statistics Office (NSO), the real and nominal GDP growth rates for 2024-25 are projected at 6.4 per cent and 9.7 per cent, respectively. The report said that a healthy rural economy is reinforcing stability and sustains momentum in other sectors. The slowdown in the current household inflation expectations encourages higher discretionary spending and drives demand-led growth, the report said. Capital expenditure is showing improvement in the third quarter of the current financial year, the report said. The slowdown in the third quar

Economy projected to grow 6.4% in Q3 as govt spending increases: Icra

ICRA on Tuesday projected India's GDP to grow 6.4 per cent in the December quarter on account of enhanced government spending amid uneven consumption. The Indian economy grew at 6.7 per cent in April-June, but it slowed to a seven-quarter low of 5.4 per cent in September quarter on sluggish government capital expenditure due to general elections and weak consumption demand. ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending (Centre and state) on capital and revenue expenditure, high growth in services exports, a turnaround in merchandise exports, healthy output of major kharif crops etc, which would have buffered rural sentiment. Some consumer-focussed sectors saw a pick-up during the festive season, even as urban consumer sentiment dipped slightly, and other sectors such as mining and electricity saw an improvement after weather-related challenges in the previous quarter. "Overall, while

Debt-to-GDP over fiscal deficit: Will FM Sitharaman's strategy pay off?

Since the finance minister announced a glide path based on debt-to-GDP ratio to measure fiscal deficit, opinion has been divided on the move since it would also reflect on government borrowings