Page 27 - Gdp

Sri Lanka's economic woes continue, data shows GDP contracted 11.8% in Q3

Sri Lankan authorities say the island-nation's estimated GDP contracted by 11.8 per cent year-on-year in the third quarter of 2022

Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors

India's CAD in July-Sept qtr likely shot up on widening trade gap: Report

The median forecast of 18 economists in a Dec. 5-14 Reuters poll was for a $35.5 billion current account deficit in the July-September quarter, or 4.3% of GDP, the most in nearly a decade

On track to meet FY23 fiscal deficit target, inflation within RBI band: FM

'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman

ADB keeps India's GDP growth unchanged at 7% for current financial year

Asian Development Bank (ADB) has kept its outlook for India's economic growth unchanged at 7 per cent for the current fiscal year while forecasting a weaker-than-previously expected pace for developing Asia. ADB's 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22. For 2023-24, the GDP growth has been kept unchanged at 7.2 per cent. The Manila-based ADB in a report on Wednesday saw Asia expanding 4.2 per cent this year before accelerating to 4.6 per cent in 2023. These projections compare to the previously estimated expansion of 4.3 per cent and 4.9 per cent, respectively. "Despite recent global headwinds, the Indian economy is expected to grow by 7.0 per cent, as projected in the Update, supported by a strong domestic base. "While some recent high-frequency indicators are more favourable than expected -- notably consumer confidence, electricity supply and purchasing ...

ADB cuts developing Asia's GDP outlook for 2023 amid global growth concerns

Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report

World debt-GDP ratio plummets, but over pre-Covid level, says IMF

Total debt fell to 247 per cent of global gross domestic product last year, IMF data showed. That's 10 percentage points less than in 2020, but is still the second-highest reading in history

Investment conundrum

Economic uncertainty may delay private investment

New Goa Airport to stimulate state's GDP, bring more jobs: Management

With a capacity of handling 44 lakh passengers per annum, which is scalable to 330 lakh, the greenfield international airport at Mopa in North Goa is expected to stimulate the state's GDP and increase job opportunities, the airport management said. Prime Minister Narendra Modi will on Sunday commission the first phase of the airport, managed by GMR Goa International Airport Limited. GMR Goa International Airport Limited, in a series of tweets, said the facility will boost the socio-economic development of the state. The airport has a capacity to handle 44 lakh passengers per annum, which is scalable up to 330 lakh, it added. The company said the new facility will stimulate the state's GDP and in turn, increase job opportunities. The airport, which is named as New Goa International Airport till the Union Civil Aviation Ministry finalises a name for it, has adopted best-in-class technologies. The company said 3-D monolithic precast technology has been used for the construction of ..

Finance ministry likely to target fiscal deficit of 5.5-6% in FY24 Budget

This means the government will stick to its fiscal consolidation road map, which envisages a deficit of 4.5 per cent of GDP by FY26

Union Budget: Understanding the GDP, GVA and the difference between the two

While GDP measures the total value of products and services a country manufactures or delivers, GVA measures the value added to product in order to enhance their worth

G20 presidency gives India opportunity to showcase its ed-tech leadership

Given India's achievements in the digital world and Ed-tech, it can not only push education widely among the learners in India with inclusivity but also help other developing countries

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

Says strong macro fundamentals place country in good stead

India Inc's profit declines sharply to 3.48% of GDP in Q2 of FY23

Ratio for manufacturing firms at 9-quarter low of 0.93%

Statsguru: Six charts explain India's global economic growth standing

A Business Standard analysis found that the country mirrored the global trend, with the rate of growth slowing from the same quarter last year

India can sustain 9% GDP growth for many years: EAC member Sanyal

Economic Advisory Council member Sanjeev Sanyal on Sunday said India is capable of sustaining an economic growth of 9 per cent for many years, even as he asserted that a high sustained GDP growth rate is key for the world to achieve the 2030 Sustainable Development Goals (SDGs). Speaking at a side event of the first Sherpa meeting under India's G20 presidency here, the economist said India has a per capita income of only USD 2,200 and that has been achieved after several years of very high growth rate. "Particularly for the Global South, sustaining high GDP growth rate is critical to achieving SDGs and without that, all we are doing will be re-distributing poverty. "Even for relatively advanced countries, most of them have very high debt levels. For them also, sustained high level of GDP growth will be very important," he said. Sanyal was speaking at the first side event of the India's G20 presidency and the topic was 'Transforming lives: Accelerating implementation of SDGs'. Adop

RBI monetary policy: Pace of tightening set to slow

Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)

India's CAD likely to shoot up as net exports hit nine-year low

CAD in Q1 of 2013 was 4.9 per cent of GDP, while net exports stood at 5.93 per cent of GDP

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

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