Inflation-adjusted gross domestic product (GDP) increased at a 2.7 per cent annualised rate during the period, Commerce Department data showed
U.S. Treasury Secretary Janet Yellen on Thursday highlighted the improvement, saying the global economy "is in a better place today than many predicted just a few months ago"
Workers in India, who use advanced digital skills like cloud architecture or software development, are contributing an estimated $507.9 billion (Rs 10.9 trillion) to the country's annual GDP
The government's command over household savings needs to be reduced for stimulating demand and private credit
This is the slowest growth of China's economy since the 2.3 per cent registered in GDP in 1974
Earlier, the Budget for FY24 had projected nominal GDP growth at 10.5 per cent, as the centre increased the capital investment outlay steeply for the third year in a row by 33 per cent to Rs 10 trn
Death toll in Turkey, Syria crosses 33,000; UN sees this rising to 50,000
The project, being built at a cost a trillion rupees, is the country's longest expressway, and is endowed with hundreds of amenities and facilities
Bonds have since pared their gains, with the budget math increasingly looking daunting as commercial interest rates soar tracking a tight monetary policy
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The Budget reflects the shift globally in government capital expenditure, inflation, fiscal deficit and globalisation
RBI monetary policy: In December, Das had said that despite consecutive rate hikes, core inflation had continued to remain 'sticky'
Ageing populations are likely to slow capital formation in North Asia, hurting global growth
There is a need to streamline allocations and make the budgetary document less complicated to assess its true impact
The International Monetary Fund projected a slowdown in the Gross Domestic Product (GDP) from 3.5 per cent to 2 per cent for the current fiscal, The News International reported
The Mexican economy expanded by 3 per cent in 2022, thanks to its three major productive sectors, the National Institute of Statistics and Geography said in a preliminary report
Canada's real gross domestic product (GDP) grew 3.8 per cent in 2022, the national statistical agency announced
France registers unexpected GDP expansion while Italy shrinks
This could be owing to cheaper crude oil, resilient net services exports and buoyant inward remittances
India has already become the world's fifth largest economy in the 75th year of Independence and will reach the USD 3.5 trillion mark by end-March, said the Economic Survey tabled in Parliament on Tuesday. In real terms, the economy is expected to grow at 7 per cent for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year. "For India, 2022 was special. It marked the 75th year of India's Independence. India became the world's fifth largest economy, measured in current dollars. Come March, the nominal GDP of India will be around USD 3.5 trillion," the Survey said. India's economy crossed the USD 3 trillion mark last year. It further said the fundamentals of the Indian economy are sound as it enters its Amrit Kaal, the 25-year journey towards its centenary as a modern, independent nation. "It is befitting that during India's Amrit Kaal, it assumed the Presidency of G-20 nations in December 2022," the survey said. Global problems need global .