Page 11 - Latest Updates on New GDP series

Scheme reset may not shake Centre's FY25 fiscal maths, say experts

Allocations may be via supplementary demands for grants

Private sector needs to step up infrastructure investment: DFS secy

India needs to spend 8-10 per cent of Gross Domestic Product (GDP) on infrastructure for sustaining high single digit growth rate over next couple of decades

The shift: Households turn net borrowers from banks, says BCG report

The report highlighted that unsecured lending as a proportion of GDP in India is as high as it is in the United States

GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das

Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand

Europe, Asia dominate list of top 10 nations in 2024 by GDP per capita

Advanced economies are projected to experience a slight uptick in growth, moving from 1.6 per cent in 2023 to 1.7 per cent in 2024 and 1.8 per cent in 2025

India's current account deficit may widen to 1% of GDP in Q2FY25: Ind-Ra

According to India Ratings and Research, India's current account deficit (CAD) is expected to rise to 1% of GDP in Q2FY25, with a 1% increase in merchandise exports and a widening goods trade deficit

Travel industry to contribute record $11 trillion to global GDP in 2024

Travel spending in the US, Chinese and German economies is expected to contribute the most to GDP

Signs of hope in GDP data: Will RBI's 7.2% FY25 growth projection be met?

A continued growth momentum being seen will allow the central bank to focus on inflation and wait till it's durably aligned to the target of 4 per cent

India's Q1 GDP data: Investment, consumption growth picks up pace

Investment growth above 30 per cent is considered important for driving economic growth

Economy in medium term could grow at 7%: CEA V Anantha Nageswaran

CEA cites GDP growth data for Q1FY25, which showed continued pickup in rural consumption

GDP growth still resilient: India maintains momentum despite Q1 slowdown

The high difference noticed in the GVA and GDP growth during the 3 rd and 4 th quarter of FY24 has eased in Q1FY25

India's GDP growth slows to 15-month low of 6.7% in April-June quarter

India's gross domestic product slowed to a quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data. India remains the fastest-growing major economy, as China's GDP growth in the April-June quarter was 4.7 per cent. The agriculture sector recorded a 2 per cent growth, down from 3.7 per cent in the April-June quarter of 2023-24, as per the National Statistical Office (NSO) data released on Friday. However, the growth in the manufacturing sector accelerated to 7 per cent in the first quarter of the current fiscal compared to 5 per cent in the year-ago period. The previous GDP low was 6.2 per cent in January-March 2023.

India spends more than 3% of GDP on govt pensions, states' burden growing

Centre last week proposed new policy for its staff to manage costs

India's June qtr GDP growth likely slowed on reduced government spending

Despite strong growth relative to other economies, India is lagging on job creation and more inclusive economic growth

BS@50: How money has moved between Centre and states in the past 5 decades

Annual government spending has shot up. Fiscal deficit concerns remain. Between the Centre and states, sometimes one has scored over the other. An overview of government finances since 1975

GDP growth rate likely to decline to 7.1% in Q1, say SBI economists

Economists at the country's largest lender SBI on Monday joined other watchers forecasting a slip in the economic growth and estimated India's real GDP growth to come at 7.1 per cent for the June quarter. The economists said the growth in gross value added (GVA) will fall below 7 per cent to 6.7-6.8 per cent for the April-June period this fiscal when compared to the year-ago period. "As per our 'Nowcasting Model', the forecasted GDP growth for Q1 FY25 would be 7.0-7.1 per cent, and GVA is at 6.7-6.8 per cent with a downward bias," the economists said. It can be noted that the real GDP growth had come at 7.8 per cent in the June quarter last year and the preceding March quarter. A slew of analysts have been pointing to a moderation in economic activity in the June quarter, mainly driven by softer manufacturing and lower government spending due to the general elections. The report also said that given the uncertain global growth outlook and the softening inflation, there is a space f

Statsguru: India's GDP growth likely to ease; demand remains weak

There is a wide difference between the gross domestic product (GDP) and gross value added (GVA) growth rates

Goldman Sachs Group cuts India's 2024 and 2025 GDP growth forecasts

The bank now expects the nation's economy to expand at 6.7% in calendar 2024, and 6.4% in 2025.

NITI Aayog report sets target of doubling Mumbai's GDP in five years

A report prepared by the NITI Aayog on the development of the Mumbai Metropolitan Region (MMR) aims to double the region's Gross Domestic Product (GDP) in the next five years, and make Mumbai and its satellite towns a global economic hub. At present the region's GDP is Rs 12 lakh crore (USD 140 billion) and it should reach Rs 26 lakh crore (USD 300 billion) by 2030, the report submitted to Chief Minister Eknath Shinde by NITI Aayog CEO BVR Subrahmanyam said. While there are one crore employment opportunities in the MMR at present, there is a need to create 30 lakh more opportunities, the report said. Chief minister Shinde said infrastructure and communication facilities are the foundation for the state's development, and work was underway in that direction. The report said the Maharashtra government needed to focus on seven sectors: Developing Mumbai into a global services hub, facilitating affordable housing, transforming MMR into global tourism centre, integrated development of .

Israeli GDP grows at 1.2% in April-June period as Gaza war rages on

First-quarter GDP was revised to 17.3% annualised from a prior estimate of 14.4%, bouncing back from a contraction of 20.6% in the fourth quarter of 2023