Page 32 - Gdp

SBI and ICRA see economy growing in double-digits in June quarter

Low base, robust recovery in contact-intensive services sector to boost expansion

India $5-trn economy by FY29 only if it grows at 9% for 5 yrs: Ex-RBI Guv

I see eight key challenges for India to overcome to achieve the dream of USD five trillion economy," a press release from FTCCI quoted Subbarao as saying.

India at 75: Here's how much our per capita income has zoomed since 1950

Since 1950, India's per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1,28,829 in 2020-21

CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra

India's economy is predicted to overtake that of the US by 2048, said Patra

No chance of recession, India to be fastest growing economy this yr: Report

Govt continuously taking steps, engaging with RBI to curb inflation, says top govt source

India's GDP to contribute 22% to global growth, says Morgan Stanley

The Indian economy, they said, is set for its best run in over a decade as pent-up demand is unleashed

Reckitt contributes Rs 7,880 cr to India's GDP in 2021: Oxford Economics

India is among the top three markets for Reckitt, earlier known as Reckitt Benckiser, and owns popular household brands such as Dettol, Lysol, Harpic, Durex, Veet and Strepsils

India's market capitalisation to GDP goes past 100% again, shows data

Interestingly, between 2008-09 and 2019-20, the ratio going past 100 per cent was a rarity

India should gradually withdraw fiscal, monetary stimulus, says IMF

In its latest External Sector Report, IMF said India should further liberalise its investment regime accompanying it with reduction in tariffs, especially on intermediate goods

Govt eyes ending schemes, including PAHAL, with wasteful expenditures

The PAHAL scheme, launched in 2013, is aimed at reduce diversion and eliminate duplicate or bogus LPG connections

What is a recession?

It looks like the equity markets have priced in the prospect of the US slipping into recession. But ever wondered what exactly recession is? Our next report tells

France's GDP bounces back in Q2 after negative Q1 owing to foreign trade

Following the stagnation of the first quarter of 2022 (Q1), France's gross domestic product (GDP) recovered by 0.5 per cent in the second quarter (Q2)

Top Headlines: BSNL bailout, YES Bank to raise $1.1 bn from Carlyle, Advent

Business Standard brings you the top headlines at this hour

Experts expect some inflation, CAD relief after US Fed hikes rates

MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say

A grand strategy for technology

India cannot count on businesses to lead its technological drive

Dollar pares gains as US economic growth contracts for second quarter

The second straight quarterly decline in GDP meets the standard definition of a recession. It comes as the Fed aggressively hikes rates in an attempt to choke off soaring inflation.

MPC likely to raise repo rate significantly in upcoming meetings: S&P

Says there is significant slack in the economy, as GDP is far below estimates of pre-Covid trajectory of potential output

India on path to become $30 trillion economy in next 30 years: Piyush Goyal

India is on the path to become a USD 30 trillion economy in the next 30 years on the back strong GDP growth, said Commerce Minister Piyush Goyal on Monday. India is currently USD 3-3.5 trillion economy and soon will achieve USD 5 trillion, he said while addressing an event organised Ficci Ladies Organisation. "As we move to a USD 5 trillion economy...we are well poised on track to aspire to be a USD 30 trillion economy in the next 30 years. It doesn't need any rocket science. All it needs is understanding that the power of our demographic dividend, the youth power and the power of democracy, which India proudly represents," he said. He further said that at a Compounded Annual Growth Rate of 8 per cent, the goal of USD 30 trillion economy would be achieved sooner or later. The minister said that women would play an important role in the growth of India and there is always space for them on the high table. On Draupadi Murmu taking over as President of India on Monday, he said, she h

Interest payment by govt rises 3.1% of GDP to Rs 7.31 trillion in FY22

Interest payment of the government has increased to 3.1 per cent of the GDP to Rs 7.31 lakh crore in 2021-22, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday.

Rupee strengthened against all major currencies other than dollar: CEA

He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen