Page 32 - Gdp

Bangladesh seen on track to be a $1 trillion economy by 2040: BCG report

With average annual growth of 6.4% between 2016 and 2021, the South Asian nation has outpaced peers such as India, Indonesia, Vietnam, the Philippines and Thailand

India's CAD pegged at 3-3.2% of GDP in FY23: CEA V Anantha Nageswaran

'India's annual import cover comfortable; IMF does not consider external sector to be in a zone of vulnerability'

India's GDP growth may average 6.3% between 2021 and 2030: S&P report

This will help India pip Japan and Germany to become the third-largest economy, S&P says

GDP growth may have beaten MPC estimate of 6.3% in Q2, say most economists

The GDP numbers for the second quarter of the current financial year are scheduled to be out by this month end

India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin

Data for the July-September quarter will be released at the end of this month

Building 5G use cases needs strong public-private alliance: Nasscom study

Sectors such as healthcare, energy & utilities, manufacturing, and retail are expected to benefit from large-scale 5G adoption, which is expected to power up to 2 per cent of India's GDP by 2030

Japan's economy shrinks 1.2% in July-Sept qtr as consumer spending declines

The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined amid rising prices. Seasonally adjusted real gross domestic product for the world's third-largest economy shrank 0.3% on-quarter, according to government Cabinet Office data released Tuesday. The annual rate shows how the economy would have grown if the quarterly rate were to continue for a year. Japan's GDP, or the sum of the value of a nation's products and services, was weaker than analysts had expected, coming after three quarters of moderate growth. Like many nations, Japan has suffered as the coronavirus pandemic slammed industrial production and tourism. Private consumption grew 0.3% in July-September, slowing down from the 1.2% growth recorded the previous quarter. Private investment grew 1.5%, down from 2.4% growth in the previous quarter. Another factor is the Japanese yen's fall against other currencies, especially the U.S. dollar. The Federal Reserve has

Budget 2023-24: FY24 direct tax target likely to see 14-17% increase

Centre's FY23 mop-up may top BE by Rs 1-1.5 trn

Moody's slashes India's GDP growth forecast for 2022 by 70 bps to 7%

Weak rupee, and high oil prices cited as reasons for the downward revision

FY23 GDP growth may not exceed 7%, says CEA V Anantha Nageswaran

The IMF sees FY23 GDP growth at 6.8 per cent compared with 7.4 per cent earlier, while the RBI has cut its forecast to 7 per cent from 7.2 per cent

MSMEs hold the key to $5-trn economy

A proactive and cohesive approach by the government to support micro, small and medium enterprises could raise their contribution to GDP to about 50 per cent in the foreseeable future

India may log 8% growth rate in real GDP in FY23, says Arvind Panagariya

The National Statistical Office shall release the GDP data for the second quarter on 30th November

Climate change targets pose stark challenge for the developing world

Floods and drought, hurricanes and heat waves will make the path out of poverty much more difficult. But trying to limit climate change poses its own set of problems for the developing world

Kashmir apple rates down by 30%, growers seek govt support to curb losses

A bumper apple production in Kashmir this season has failed to cheer up growers as their produce is being sold at nearly 30 per cent lower rates than last year. Faced with huge losses, apple farmers have now sought government intervention. The Kashmiri apple hogged the headlines in September after an uproar over frequent disruption in its transportation from the orchards in the valley to markets outside the Union territory, including Azadpur Mandi, Asia's largest wholesale market. Kashmir produces about 75 per cent of the total apple crop in the country and is considered the backbone of its economy, contributing about 8.2 per cent to Jammu and Kashmir's GDP. "The rates of apple coming from Kashmir this season are down by about 30 per cent compared to 2021, and there is no doubt the growers are suffering huge losses. It is very difficult for them to overcome the losses without government support," Chamber of Azadpur Fruit and Vegetable Traders president Metha Ram Kriplani told ...

The UK or Korea: What is the ideal benchmark for the size of India's govts?

There must be a warning in the fact that some of the most problem-ridden middle-income economies have big govts, big deficits, high levels of debt and large-scale corruption, writes T N Ninan

German economy sees unexpected growth in Q3 with 0.3% GDP expansion

The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed on Friday. Gross domestic product in Europe's biggest economy expanded by 0.3 per cent in the July-September period compared with the previous quarter, the Federal Statistical Office said. That followed a slight increase of 0.1 per cent in the second quarter. The German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing COVID-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine, the statistics office said. The government said earlier this month that GDP was believed to have shrunk in the third quarter and was expected to decline again in the last three months of the year as well as the first three months of 2023 before beginning to recover. Two consecutive quarters of negative growth is one technical definition of recession. With energy prices high,

GDP report points to economic recovery, recession unlikely: Biden's adviser

The third quarter GDP report on the US economy points to an economic recovery and quells fears of an impending recession, President Joe Biden's key economic adviser has said. The US economy grew at a better-than-expected 2.6 per cent annual rate from July through September, snapping two straight quarters of economic contraction and overcoming high inflation and interest rates. Thursday's estimate released by the Commerce Department revealed that the country's GDP grew in the third quarter after having shrunk in the first half of 2022. I think, we have some real momentum here, Jared Bernstein, member of the White House Council of Economic Advisers, told PTI on Thursday. Referring to the latest report on the US economy, Bernstein said: That's a solid growth rate and it means that the economy expanded in the third quarter of this year. For months, doomsayers have been arguing that the US economy is in recession and Congressional Republicans have been rooting for a downturn. But Bern

How is centre faring on its non-tax revenues, divestment targets in FY23

The total non-tax revenue target for the year is Rs 2.69 trillion, while that for disinvestment is Rs 65,000 crore

India needs dedicated wing to release Green GDP estimates, says RBI article

India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform, said an RBI article. Green GDP takes into account estimates for environmental degradation, depletion of natural resources, and savings of resources and environment into the national income accounts. "Given the paucity of relevant data, estimation of Green GDP for India in this paper relies on an available global database and provides the starting point for future research in this area of environmental and economic accounting," the article said. The trajectory of Green GDP for India displays an upward movement with visible improvements particularly, since 2012, it added. The central bank said that the views expressed in the article are those of the authors and do not represent the views of the Reserve Bank of India. "Furthermore, resource depletion, CO2 emission and material footprint, especially

Statsguru: Six charts explain IMF's warning on the global economy

The cost of borrowing is going up for emerging markets and budget constraints are increasingly making their effects felt