Page 3 - Gdp

Datanomics: India closes in on Japan to be fourth-largest economy this year

India is likely to overtake Germany in 2028 as the third largest economy in the world, according to projections by the IMF

Govt achieves fiscal deficit target of 4.8% for FY25, shows data

The government has met its fiscal deficit target of 4.8 per cent of the GDP for 2024-25, according to the data released by the Controller General of Accounts on Friday. The fiscal deficit for the previous financial year works out to be Rs 15,77,270 crore, nearly the same as revised estimates (Rs 15,69,527 crore) presented to Parliament in February. The economic growth in nominal terms for the fiscal 2024-25 is estimated at Rs 3,30,68,145 crore, according to the GDP data released earlier in the day. As per the CGA data, the government managed to collect Rs 30.36 lakh crore revenue or 98.3 per cent of the revised Budget Estimates (RE). The central government's expenditure during 2024-25 was Rs 46.55 lakh crore or 98.7 per cent of the RE. The central government's fiscal deficit for 2023-24 was 5.63 per cent of the GDP.

India's GDP grows at 7.4% in Q4 FY25; full-year growth estimated at 6.5%

RBI had pegged the fourth quarter's GDP growth at 7.2%, and FY25 at 6.6%

National security: How India can secure much-needed funds for defence

Experts say increasing the defence budget as a share of GDP even by a single basis point could significantly increase access to funds

Greater confidence of inflation aligning with target over 12 months: RBI

Central bank's outlook for the Indian economy remains promising in 2025-26, supported by revival in consumption demand, government capex

Economists see global growth coming under strain; India story intact: WEF

Chief economists from across the world are the most optimistic about a strong economic expansion in South Asia, with India looking set to be the primary engine of growth in 2025 and 2026, a new survey showed on Wednesday. The chief economists, however, warned of the overall global growth coming under strain from trade policy shocks and AI disruption, the World Economic Forum (WEF) said in its latest 'Chief Economists Outlook' report. A majority of surveyed economists saw the current US economic policy as having a lasting global impact, with 87 per cent expecting it to delay strategic business decisions and heighten recession risks. The global growth outlook was divided, with weak prospects in North America, resilience in Asia-Pacific and cautious optimism in Europe. "The outlook for China remains muted, and the chief economists were divided over whether it will reach its target of 5 per cent GDP growth this year. "Optimism remains highest for South Asia, where 33 per cent expect .

Fintech tools to transform medium enterprises into growth engines: NITI

A report published by NITI Aayog says that the MSME sector contributes 29% to the GDP, adding 40% to the export and employing 60% of the workforce

Agri output likely to propel India's Q4 GDP growth to 4-quarter high

Industrial sector expansion is, however, expected to remain subdued

RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report

SBI says higher-than-budgeted dividend from RBI gives government room to lower FY26 fiscal deficit to 4.2 per cent of GDP or increase spending in key areas, amid strong liquidity and BoP outlook

With a stagnant economy, Pakistan needs to focus on citizens' welfare

In a low-income country, there will always be competing demands for resources

Pakistan's govt trims its growth projection amid trade headwinds

Gross domestic product is estimated to expand 2.68 per cent in the fiscal year through June, Pakistan Bureau of Statistics said Tuesday

CARE Ratings stock soars 15%, nears 52-week high post Q4 results

In the past one month, CARE Ratings stock has zoomed nearly 30 per cent, as against 5.7 per cent rise in the BSE Sensex.

India-Pakistan tensions could strain fiscal deficit if conflict escalates

Economists say India's fiscal deficit may widen if tensions with Pakistan persist, although the broader economic impact is expected to be limited if conflict remains contained

S&P cuts India's FY26 GDP forecast to 6.3% over US tariff uncertainty

S&P Global Ratings on Friday cut India's growth projections by 0.2 percentage points to 6.3 per cent for the current fiscal year citing uncertainty over the US tariff policy and downside risks from its spillover to the economy. In its report titled "Global Macro Update: Seismic Shift In US Trade Policy Will Slow World Growth", S&P Global Ratings said "we reiterate that there are no winners in a scenario of escalating protectionist policies." S&P said among Asia-Pacific's major economies, China is expected to see its growth drop by 0.7 percentage points in 2025 to 3.5 per cent and in 2026 to 3 per cent. S&P projected India's GDP growth to be 6.3 per cent in 2025-26 and 6.5 per cent in 2026-27 fiscal year. In March, S&P had lowered the FY'26 GDP growth forecast to 6.5 per cent, from 6.7 per cent. "The risks to our baseline remain firmly on the downside in the form of a stronger-than-anticipated spillover from the tariff shock to the real economy. The longer-term ...

Decoding state growth: Focus on boosting existing economic centres

Strengthening existing economic centres, rather than building greenfield cities, is key to faster state-level growth

Breaking out of the 6% GDP growth trap: A roadmap to 8% and beyond

In the past 25 years, India's growth rate has been stuck around 6 per cent except the period 2006-10, when India briefly reached 8 per cent

Lucknow-Kanpur corridor key to Uttar Pradesh's $1 trillion economy target

UPSIDA will facilitate big-ticket investments and "ribbon development" in Ex-LIDA

Equity investors must factor in uncertainty as a permanent feature

Amid the global noise, India may well emerge as a relatively safe harbour and possibly a beneficiary in the long term as global supply chains readjust

Andhra CM Naidu urges 50% share in central taxes from 16th Fin Commission

Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday appealed to the Sixteenth Finance Commission to raise the vertical devolution of central taxes from the existing 41 per cent to 50 per cent, besides support in rebuilding the state through special financial assistance. Naidu's appeal assumes significance as the TDP, which the AP CM heads, is a key ally in the BJP-led NDA government at the Centre. The support of TDP's 16 Lok Sabha members is crucial to Prime Minister Narendra Modi's government. "Increase the vertical devolution share from 41 per cent to 50 per cent. Address the decline in horizontal devolution to southern statesfrom 24.3 per cent (10th Finance Commission) to 15.8 per cent (15th Finance Commission)," an official release quoted Naidu as requesting the commission. Andhra Pradesh's share in horizontal devolution is below its share in the national GDP and population, causing a "fiscal disadvantage", claimed Naidu. The Sixteenth Finance Commission, headed by .

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