Page 9 - Latest Updates on New GDP series

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

India's market capitalisation-to-GDP ratio third-highest despite correction

The current ratio is slightly lower than the all-time high ratio of 154 per cent at the end of September this year. It is the highest on record after December 2007 and September

Options traders' bearish bets on rupee jump 200% on surprise GDP slowdown

Data from the Depository Trust and Clearing Corp. show the volume of dollar-rupee calls trading climbed to $1.9 billion on Monday in the non-deliverable options market

India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran

India's potential GDP growth is in the range of 6.5-7 per cent and the country should be able to achieve it on the back of things that done already in the last 10 years, Chief Economic Advisor V Anantha Nageswaran said on Monday. The Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the preceding financial year. Addressing IVCA's GreenReturns Summit, he said, "India's potential GDP growth is in the range of 6.5-7 per cent and we should be able to achieve it on the back of things that we have done already in the last 10 yearswhether it is in terms of augmenting the physical infrastructure or achieving financial inclusion." Emphasising the investment areas, he said, "We all know about the issue of intermittency. The investment shouldn't focus on setting up solar power plants or wind energy plants as we need to take into consideration the increasing cost of recycling solar panel waste and wind turbine waste. That is an area

Govt targets 6.5-7% GDP growth in FY25 despite slowdown: EAS Ajay Seth

India's GDP recorded a 5.4% growth in the July-September quarter, its slowest in two years

After Q2 GDP surprise, agencies downgrade India's FY25 growth forecast

Key metrics, such as goods and services tax (GST) collection, e-way bills, and toll revenues, increased in October

Risks to sustained market up move; temper return expectation: Analysts

Derivative data also offers an interesting narrative, with foreign institutional investors (FIIs) starting the December series with 67 per cent short positions in index futures