Page 6 - Gdp

Budget 2025: Why scrapping home loan tax benefits could hurt the common man

The socio-economic implications of scrapping the old tax regime for India's real estate sector - currently valued at $493 billion and contributing 7.3 per cent to GDP - deserve careful scrutiny

Disappointing Q2 GDP numbers aren't a blip but slowdown in economy: Cong

The Congress on Wednesday claimed that it is becoming clear that the "disappointing" Quarter 2 GDP growth numbers are not a blip but a clear slowdown in the economy and the post-pandemic bump is not broad-based enough to power long-term growth. Congress general secretary in-charge communications Jairam Ramesh cited an article in a newspaper which claimed that the fallout of limited job creation and muted wage growth can be seen in the greater recourse to debt. Ramesh said the article confirms the growing concerns on the Indian economy. "It is becoming clear that the disappointing Q2 GDP growth numbers aren't a blip but a clear slowdown in the economy. The Government's attempts to pass the buck on to the RBI's interest rate regime and foreign exchange market interventions is an attempt to escape responsibility," he said. The post-pandemic bump in growth was driven by a service exports boom and its knock-on effects but this is not broad-based enough to power long-term growth, Ramesh

Bad economics is corrupting politics, undermining good governance in India

Economic reformers should not remain beholden to free-market ideologies, corporate lobbies, or the sentiments of fickle stock markets

India's economy likely to grow 6.6% in 2025, 6.7% in 2026: UN report

The report highlighted that capital expenditure on infrastructure development is expected to have strong multiplier effects on growth in the coming years

Vietnam's 2024 GDP growth accelerates to 7.09% driven by strong exports

GDP grew 7.55 per cent in the fourth quarter, the fastest quarterly growth in more than two years, the General Statistics Office said in a report

Philippines' Marcos signs into law record $109 billion budget for 2025

The spending is higher than a projection of 6.18 trillion pesos announced earlier this month, when revenue was forecast at 4.64 trillion pesos and the budget deficit at 5.3 per cent of GDP

Economic growth seen at 6.5% in FY25, RBI policy pushed down demand: FinMin

In its monthly economic review, the Finance Ministry cited the RBI's monetary policy stance among the reasons for the slowdown in the first half of FY25

World Bank raises China's GDP forecast for 2024, 2025; adds some warnings

Thanks to the recent policy easing and near-term export strength, the World Bank sees China's gross domestic product growth at 4.9 per cent this year, up from its June forecast of 4.8 per cent

Growth slowdown, fiscal dilemma complicate India's Budget preparation

The Ministry pointed out that revenue receipts in the first half of the year, at almost 52 per cent of Budget Estimates, were above the five-year rolling average

CARE Ratings pares down India's FY25 GDP growth forecast to 6.5%

Sachin Gupta, chief rating officer at CARE Ratings, said that the first half of FY25 paints a picture of cautious optimism within India's corporate sector

Leadership change at RBI, PM launches Bima Sakhi Yojana and more

Former revenue secretary, Sanjay Malhotra has succeeded Shaktikanta Das as RBI governor. His tenure begins as retail inflation eased to 5.48 per cent in November

Manufacturing firms see decline in operating profit for second qtr in a row

The operating profit for manufacturing firms is down 18.4% year-on-year, according to CMIE

RBI guv signs in, says focus to be on economic growth, policy stability

Still much work to be done on financial inclusion: Malhotra

Stability, trust, and growth key: RBI Guv Sanjay Malhotra in first address

'We cannot be stuck. We have to be agile while maintaining policy continuity,' Sanjay Malhotra said in his first address as RBI governor

ADB cuts India FY25 GDP growth forecast to 6.5%, 7% in FY26 on weak demand

The Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand. The multilateral development bank has also lowered India's growth forecast for 2025-26 financial year. Changes in US trade, fiscal, and immigration policies could dent growth and add to inflation in developing Asia and the Pacific, according to the latest edition of Asian Development Outlook (ADO). The report also said Asia and the Pacific's economies are projected to grow 4.9 per cent in 2024, slightly below ADB's September forecast of 5 per cent. "India's outlook is adjusted downward from 7 per cent to 6.5 per cent for this year, and from 7.2 per cent to 7 per cent next year, due to lower-than-expected growth in private investment and housing demand," ADB said. Last week, the Reserve Bank also significantly lowered the growth project

India will continue to grow at 6-8% for next 5 years: Ashwini Vaishnaw

India will continue to grow at 6-8 per cent for the next five years due to the transformative changes ushered in by Prime Minister Narendra Modi in the face of global turmoil and geopolitical tensions, Information and Broadcasting Minister Ashwini Vaishnaw said on Friday. Addressing the NDTV Indian Of The Year Awards function, Vaishnaw said India's growth story was based on four pillars of massive public investments, focus on manufacturing and innovation, inclusive growth and simplification of laws. Vaishnaw said the world saw India as a ray of hope in times of global turmoil, two wars, disruption of supply chains and the hit taken by the world economy due to the Covid-19 pandemic. The minister credited Modi's "considered thought process" and "clearly laid out plans" for India's sustained economic growth. "We can say with a very high degree of confidence that India will continue to grow at 6-8 per cent real growth, 10-14 per cent nominal growth and a very moderate inflation for the

Low GDP growth: Don't throw baby out with the bathwater, urges CEA

Speaking at Assocham's Bharat@100 Summit, CEA V Anantha Nageswaran emphasised that India's underlying growth story remains intact despite dismal Q2 GDP figures

Foreigners buy $1 bn in bonds, betting on policy easing after GDP data

The 10-year bond yield has fallen to three-year lows and the spread with the repo rate has declined to a 7-year low

Improving GDP calculations: Why accurate national accounts matter

Methodology concerns must be addressed in the new seriesAttention to India's national accounts statistics is overdue, and it is welcome news that the government is taking steps to bring it up to date

Maharashtra aims $1 trillion GDP with growth in manufacturing, services

Maharashtra plans to double its GDP to $1 trillion by 2030, focusing on manufacturing, EVs, semiconductors, and power reforms while maintaining its lead in FDI inflows and boosting infra development