Page 39 - Gdp

Q4 GDP growth may be less than 3%: SBI study flags 'forecaster's nightmare'

Lender's chief economic advisor says projection for economy is clouded by significant uncertainties.

A Vyapar Credit Card for MSMEs

Government data indicates that less than 40 per cent of MSMEs borrow from the formal financial system

Duty cut on petrol, diesel to put pressure on fiscal deficit: Experts

The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government

Tax revenue boost or expenditure cuts can help meet fiscal deficit target

The impact of Saturday's excise duty cuts will be Rs 1 trillion for a year, Finance Minister Nirmala Sitharaman had said

India's economic growth likely to be robust at 8.9% in FY23: FM at NDB

Nirmala Sitharaman also expressed confidence that India will continue to achieve a high growth rate in the next financial year as well

Aatmanirbhar Bharat needs Aatmanirbhar banking sector: CII's Sanjiv Bajaj

In a Q&A, the president of the industry body dwells on how a cut in fuel duties will spur demand, and the impact of interest rate regime on India's FY23 GDP growth

Morgan Stanley cuts India's growth forecasts on inflation, global slowdown

Gross domestic product growth will be 7.6% for FY23 and 6.7% for FY24, 30 basis points lower than the previous estimates, the brokerage said in a note

UNGA meets to help reverse slump in global tourism sector post pandemic

"In 2019, prior to the pandemic, tourism contributed $3.5 trillion to global GDP. The precipitous drop during the pandemic is estimated to have cost up to 120 million jobs," the UNGA President noted

Incremental credit-to-GDP FY23 share likely to cross 50% mark: SBI report

The share of incremental bank credit in incremental nominal GDP is likely to cross the 50 per cent mark in the current financial year, from a decade low of 27 per cent in FY2022, an SBI report said

Supply chains flare up again, endangering global economy's recovery

Some observers say now is a good time to focus on different metrics than traditional measures of employment, prices and gross domestic product

Feasible GDP growth over the medium term is 6.5-8.5%, says RBI paper

Price stability is a necessary precondition for strong and sustainable growth, it adds

7.5% growth not enough

The divergence in real GDP growth and employment growth may continue into 2022-23, although it could be much smaller

World military expenditure surpasses $2 trn; US, China, India top spenders

The five largest spenders in 2021 were the United States, China, India, the United Kingdom and Russia, together accounting for 62% of expenditure," the Stockholm based said in a statement

Pakistan govt's gross debt to be 71.3% of GDP in 2022: IMF projection

The report has projected government expenditure at 18.4 per cent of the GDP in 2022 and 17.1 per cent in 2023 compared to 18.6 per cent in 2021

The slowdown in 2019-20 was neither anomalous, nor inexplicable

It is important to remember that growth had been slowing for five consecutive quarters before 2019-20

States need to reset spending, cut freebies: SBI advisor's report

'Clearly, states seem to be currently living beyond their means and it is imperative that states rationalise their spending priorities in accordance with revenue receipts,' Ghosh said

IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%

Its FY23 projection would still be better than many

Govt working on scheme to promote natural farming: Narendra Singh Tomar

Tomar also urged scientists to provide their research inputs to reap more benefits from traditional methods of farming

Reality check on tax growth

The record rise in tax collections in 2021-22 should be judged in a larger context

RBI monetary policy review: FY23 inflation projections raised to 5.7%

The projection on inflation is based on the assumption of international crude oil prices of the Indian basket remaining at $100 billion a barrel