Page 7 - Gross Domestic Product

Borrowing to consume

Consumption-based borrowing by the household sector makes investment capital even more expensive

Household debt registered new high by Q3FY24, savings plummeted: Report

A report by Motilal Oswal said that households' net savings plummeted to a six-year low level of 18.4 per cent of GDP

31 million jobs created in real estate under Modi government: Report

The measures taken, it says, can catapult the size of the Indian real estate market from $20 billion in 2017 to an estimated $1 trillion by 2030

S&P Global raises India's FY25 GDP growth forecast by 40 bps to 6.8%

Agency's projection is lower than the Reserve Bank of India's and the government's growth estimate of 7%

BS Manthan: India has an opportunity to lead the world in the AI race

The inaugural edition of Business Standard's two-day national summit of thought leaders, BS Manthan, will delve into the topic of 'How India can ride the AI wave to become a global powerhouse'

We need to accelerate India's growth at 9-10% over next 3 decades: Kant

Discussing India's anticipated growth, Kant suggested transitioning people from agriculture to manufacturing-led smart cities to create better-quality jobs and foster economic development

Market regulator Sebi plans to boost municipal bond participation via ARCL

ARCL is a settlement and clearing provider for the tri-party repo, backed by Sebi and funded by asset management companies, launched last year to provide a common platform for market participants

Kudos to Mint Street mandarins

RBI's adept role in India's recovery deserves greater recognition

GDP vagaries in election years: There are valid explanations for variations

But, in an election year, questions will be raised whether non-economic factors are at play

GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%

In the previous quarter, it was 7.6 per cent and 7.8 per cent in the July quarter

'One Nation, One Election' proposal likely to have German blueprint

Law Commission, in its 2015 report, proposed that a no-confidence motion, even if passed by a majority, shall remain ineffective unless a motion of confidence in a named individual is passed

Black and white

India must build on improved macroeconomic stability

Defence preparedness

Govt will have to find more resources

Avoiding the middle-income trap

Unless substantial reforms are undertaken to improve India's freedom rankings, it may remain stuck within the Upper-Middle-Income range beyond 2030

We have been lot more prudent in managing fiscal deficit: FM Sitharaman

The FM also said that retail inflation had declined from an average of 6.8 per cent in April-December 2022 to 5.5 per cent in the corresponding period of April-December 2023

Balanced approach

Manufacturing needs growth and diversification

Defence preparedness

Govt will have to find more resources

Budget focused on economic resilience, creates opportunities for all

It carefully allocates public resources and commits to reduce the country's fiscal debt

FM Sitharaman's Interim Budget is high on confidence, not on populism

FM overperforms on deficit, stays away from sops, pushes feel-good factor by ending old tax disputes, lists out decade of development

Interim Budget 2024-25: Conservative, consistent and inclusive

The numbers assumed in the Budget are conservative and chances are high that the government will do better