Page 31 - Gdp

Energy crisis driving inflation, slowing GDP, creating social turmoil: WEF

The report has proposed 10 key actions to align immediate responses with long term goals and a framework to prioritise energy security for a just and sustainable energy transition

CPI eases marginally to 5.72% in Dec 2022, within RBI's comfort zone

In November, CPI, also called retail inflation, was at eleven-month low of 5.88 per cent

At 4% of GDP, household financial savings touch 30-year low; consumption up

In FY22, savings stood at 7.3 per cent. This fall in savings indicates an increase in consumption

World Bank slashes Pakistan GDP growth projection to 2% as crisis worsens

Pakistan's economic condition is precarious with low foreign exchange reserves and large fiscal and current account deficits, has further worsened by severe flooding

Russia's 2022 budget deficit accounts for 2.3% of GDP: Finance Minister

Russia's budget deficit accounted for 2.3 per cent of the country's gross domestic product (GDP) in 2022, Finance Minister Anton Siluanov said

Best of BS Opinion: Conservative budgeting, financialising economy & more

Here is the best of Business Standard's opinion pieces for today

Conservative budgeting

Fiscal space should be used carefully

World Bank cuts 2023 economic growth forecasts, warns of global recession

Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations

Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman

The government aims to shrink the gap to below 4.5% of GDP by 2025-26

West Bengal gave $1.5 bn only to women: Mamata Banerjee at G20 meet

Banerjee pointed out how the state GDP had grown manifold during the tenure of her government and about 12 million jobs have been created

India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's

Average fiscal deficit to be 4% of GDP in 2023, says agency's Sovereigns--Asia-Pacific report

Economists peg India's FY24 growth at 6% after advance estimates

Say expectations of easing inflation levels, good rabi output will be supportive of domestic demand

Fiscal focus

Govt must aim for faster consolidation

India's GDP likely to grow 7% in FY23: NSO's first advance estimates

The RBI and the World Bank have projected 6.8 per cent and 6.9 per cent GDP growth respectively for FY23

India's GDP growth estimates may be revised by one percentage point

The average variation in growth may be as high as a percentage point over the last six years

Indian GDP pegged to grow at 7% in FY23: NSO's advance estimates

The output of the manufacturing sector is estimated to decelerate to 1.6 per cent as against a growth of 9.9 per cent in FY22

Russia's ongoing war plunges Ukraine's GDP to record 30.4% in 2022

The country's GDP is expected to rise 3.2 per cent this year, according to the government's projection

Citigroup cuts India's current account deficit forecast to below 3% of GDP

Net exports of services rose 35% to $34.5 billion in the second quarter of the current fiscal

In 2047, India's GDP will be approaching close to $20 trn: Bibek Debroy

He said that basic necessities have been provided to the people and more so in the rural areas by the government

Dec manufacturing PMI at 26-month high of 57.8 as production picks up

Growth in new orders and output enable factories to end 2022 on a strong note: Survey