Page 37 - Gdp

India's current account deficit likely to touch $105 bn this fiscal: Report

In the report on Tuesday, Bank of America (BofA) Securities revised upwards its Current Account Deficit (CAD) forecast by 0.4 percentage points for this financial year.

India isn't anywhere near a middle income trap, says Nicholas Stern

'We would not have got a Paris agreement without the enthusiastic participation of India'

What is the current account deficit?

Japanese brokerage Nomura recently said that India's current account deficit could widen to 3.3% of GDP in FY23 from 1.2% in the previous fiscal. But what is current account deficit? Let's understand

Centre committed to meeting FY23 fiscal deficit target: Official

Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges

The risk of accidents

Growth downturns can expose vulnerabilities that increase market risks

7 out of 9 neighbouring nations charge less for petrol than India

Among the neighbouring countries, China (Rs 116 per litre) and Nepal (Rs 124 per litre) had a higher price.

Dept of Expenditure warns against extending the free food scheme: Report

In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation

Indian economy to grow by 7%-7.8% in FY23 despite global headwinds: Experts

India's economy grew 8.7% in the last fiscal (2021-22) as against a 6.6% contraction in FY21

CAD reduces sequentially to 1.5% of GDP in Q4 as trade deficit moderates

The current account was in deficit to the tune of $ 8.1 billion (1 per cent of GDP) a year ago (Q4 of FY21)

Fiscal weakness

State finances can impede growth

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions

India faces near-term challenges; better placed to deal with them: FinMin

India's medium-term growth prospects remain bright as pent-up capacity expansion in the private sector is expected to drive capital formation, employment generation in rest of this decade, says report

Airlines' losses globally likely to be down to $ 9.7 bn this year: IATA DG

Director General of IATA Willie Walsh said that while the outlook for airlines globally is positive, the business environment remains challenging.

India better placed to avoid stagflation risk, says RBI report

Paints an encouraging picture of economic activity gaining strength, with most GDP constituents exceeding their pre-pandemic levels

Extend GST compensation to states by 3-5 yrs more: Amit Mitra to Sitharaman

Unforeseen battle against pandemic has put states' fiscal health under huge stress, he says in letter to FM

Goal of $5 trn GDP appears to be case of 'shifting goalposts': Chidambaram

The original target year was 2023-24, the former finance minister said, adding that, "We are nowhere near that goalpost"

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%

Centre moots ruling authority to fix direct tax liability, settle disputes

Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%

RBI's rate hike to push up costs: Realty, capital goods companies

Ramani Sastri, chairman and managing director (MD) of real estate firm Sterling Developers, said interest rates impact the cost of doing business

Japan's Q1 GDP falls less than first thought on stronger consumption

On a quarter-on-quarter basis, GDP lost 0.1%, beating median market expectations for a 0.3% drop