These two metrics, while similar on the surface, provide different perspectives on economic health and growth trends
Growth projection for China in calendar year 2025 has been revised upwards by 0.1 percentage point to 4.6%
The deceleration is underpinned by a long-term moderation in credit growth, foreign direct investment, export competitiveness and earnings potential, UBS said
At 6:35 AM, GIFT Nifty futures indicated a weaker start for the markets, trading 56 points lower at 23,321.5
The decline in poverty at the national level, by 17.2 percentage points, however, would be considered very sharp during the period from 2011-12 to 2023-24
The first advance estimates released by the National Statistics Office (NSO) on Tuesday estimated a nominal GDP growth of 9.7 per cent for FY25
Aghi talks on the challenges and opportunities in business between the US and India
The downward revision of GDP growth estimates for the current fiscal calls for radical action to dispel the cloud of growth slowdown and investment chill in the country, the Congress said on Wednesday. AICC general secretary in-charge communications Jairam Ramesh said it also set a gloomy backdrop to the Union Budget. He suggested that income support for India's poor, higher MGNREGA wages and increased minimum support prices (MSPs) were the need of the hour, and demanded a drastic simplification of the "comically complex" GST regime and Income Tax relief for the middle class. In a statement, Ramesh said the advance estimates released by the Union government for GDP growth in the 2024-25 financial year projected a mere 6.4 per cent growth. "This is a four-year low, and a sharp deceleration compared to the 8.2 per cent growth recorded in FY24 (2023-24). It is even lower than the recent RBI estimate of 6.6 per cent growth which itself marked a reduction from the earlier projection of
Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP, respectively
The Budget had assumed nominal GDP to grow 10.5 per cent for FY25
Falls short of RBI estimate; better showing in agri and manufacturing expected in H2
Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024
GDP grew 7.55 per cent in the fourth quarter, the fastest quarterly growth in more than two years, the General Statistics Office said in a report
Rural demand, services sector may lift H2 showing
With the right blend of policy support, technological advancements and customer-centric strategies, India's financial sector is ready to play a pivotal role in the nation's journey toward sustainable
While a precise figure won't be available until next month, the Chinese leader's disclosure capped off a year of economic uncertainty, with the growth goal initially seen as a target without a plan
SNGs in India are accountable to the Union government but are not uniformly as diligent in maintaining fiscal resilience and debt sustainability
Next time the GDP numbers are announced, the slowdown could be attributed to global economic weakness, rising oil prices, or another drop in domestic capex
The merchandise trade deficit increased to $75.3 billion in Q2 of 2024-25 from $64.5 billion during the same period last year
Thanks to the recent policy easing and near-term export strength, the World Bank sees China's gross domestic product growth at 4.9 per cent this year, up from its June forecast of 4.8 per cent