Page 7 - Gdp

Viksit Bharat focuses on potential of all Indians, not just global ranks

Our world rankings are, without question, a stunning achievement that calls for monumental pride

US economy grows at 2.8% in Q3 on consumer spending, exports surge

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. The Commerce Department reported that growth in US gross domestic product the economy's output of goods and services slowed from the April-July rate of 3%. But the GDP report still showed that the American economy the world's largest is proving surprisingly durable. Growth has topped 2% for eight of the last nine quarters. Still, American voters exasperated by high prices were unimpressed by the steady growth and chose this month to return Donald Trump to the White House to overhaul the nation's economic policies. He will be supported by Republican majorities in the House and Senate. Consumer spending, which accounts for about 70% of US economic activity, accelerated to a 3.5%% annual pace last quarter, up from 2.8% in the April-June period and

S&P Global cuts India's FY26 GDP growth forecast to 6.7% from 6.9%

Raises inflation projection for FY25 to 4.6%

India ready for global challenges, set to be third-largest economy: Goyal

The Indian currency has held its position as one of the least volatile among major currencies, and the forex reserves stand at about $675 billion-among the five largest in the world, the minister said

TN asks Finance Commission to consider 'income distance' for tax devolution

State also wants weightage increased for contribution to national GDP and urbanisation

Manufacturing slump likely to hit India's Q2 GDP growth to six-quarter low

During the June quarter of FY25, the economy grew 6.7 per cent

Where next for Asian economies? Clearsighted reforms key for durable growth

In the case of India, this transition of employment has been relatively slow: the share of agricultural employment is higher and has been slower to fall than in many emerging economies

India to release GDP data 90 minutes earlier at 4 pm, to align with markets

The first GDP data release under the new schedule is set for November 29, covering the second quarter of FY25

India in cyclical slowdown, RBI's 7.2% estimate 'overly optimistic': Nomura

Japanese brokerage Nomura on Monday said the Indian economy has entered a phase of "cyclical growth slowdown" and the Reserve Bank's estimate of 7.2 per cent GDP expansion is "overly optimistic". The brokerage said it sees "rising downside risks" to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26. "We believe India's economy has entered a cyclical growth slowdown. Coincident and leading growth indicators point to a further moderation in GDP growth and the RBI's forecast of 7.2 per cent for FY25 is overly optimistic," the brokerage said in a note. The RBI maintained its FY25 growth estimate at 7.2 per cent earlier this month, even as some watchers have been coming out with lower numbers. Nomura said urban consumption indicators have been softening lately, and pointed to the slump in passenger vehicle sales, moderation in airline passenger traffic and FMCG companies flagging weak urban demand. "We believe this weakness in urban demand is likely

Canada's economy won't take a hit from immigration curb, says minister

The Canadian government on Thursday set targets to lower admissions across all key immigrant groups starting in 2025

Karnataka registered a robust 10.2% GSDP growth in 2023-24: MoSPI

Karnataka has registered a robust GSDP growth of 10.2 per cent in 2023-24, the state government said on Monday. Citing a data from the Ministry of Statistics and Programme Implementation (MoSPI), the government said in a statement that the state has significantly surpassed the national average of 8.2 per cent. "Initially, the National Statistical Estimate (NSE) had projected a modest 4 per cent GSDP growth for Karnataka, but this was revised to 13.1 per cent by the end of the fiscal year, indicating early underestimation of the state's economic performance," the statement read. The government pointed out that this feat was achieved despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets. The state's agriculture sector faced negative growth due to drought conditions, while Karnataka's dependence on the IT and hardware sectorsaccounting for 28 per cent of its Gross State Value Added (GSVA)made it vulnerable to global economic downturns,

How land policy shapes economic outcomes in China, US, UK, and India

How to improve land and capture its value is central to growth and development policy even in the 21st century

Rising deficit and debt puts Indian states under fiscal strain: NSE Report

Fiscal consolidation measures such as managing contingent liabilities, improving fiscal transparency, and enhancing the fiscal credibility of SDLs needed to address states' financial challenges

UK economy grew more slowly than thought but outlook is improving

Prime Minister Keir Starmer, whose Labour Party won power in July, is seeking to speed up economic growth

Asian Development Bank projects faster GDP growth for India in coming qtrs

OECD, ADB peg FY25 growth at 6.7% and 7% respectively

Scheme reset may not shake Centre's FY25 fiscal maths, say experts

Allocations may be via supplementary demands for grants

Private sector needs to step up infrastructure investment: DFS secy

India needs to spend 8-10 per cent of Gross Domestic Product (GDP) on infrastructure for sustaining high single digit growth rate over next couple of decades

The shift: Households turn net borrowers from banks, says BCG report

The report highlighted that unsecured lending as a proportion of GDP in India is as high as it is in the United States

GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das

Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand

Europe, Asia dominate list of top 10 nations in 2024 by GDP per capita

Advanced economies are projected to experience a slight uptick in growth, moving from 1.6 per cent in 2023 to 1.7 per cent in 2024 and 1.8 per cent in 2025