Page 9 - Gross Domestic Product

What does it take to decarbonise India's industrial base?

Decarbonising India's industrial juggernauts is not a distant dream anymore

To be a developed country by 2047, India needs to focus on 5 areas

Moving up from 6% to 8% growth is possible but the country needs to reset its priorities for that, writes Amarjeet Sinha

RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements

RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row

India's fiscal deficit rises to Rs 6.42 trillion, 36% of FY24 target

In the same period in FY23, the deficit was 32.6 per cent of the full-year target

Recurring criticism of GDP methodology: Here's what experts have to say

Business Standard interviewed former Chief Statisticians Pronab Sen and T C A Anant and former Acting Chairman of National Statistical Commission P C Mohanan, to seek their views

Savings puzzle: Does the fall in financial savings show household distress?

The finance ministry thinks otherwise

Savings declined but resulted in rise in assets: SBI chief economist

Recovery in real estate, rise in property prices attracted savings

India's domestic mineral production records 7.6% YoY growth in June

The Ministry of Mines on Thursday said that domestic mineral production grew 7.6 per cent year-on-year in June

New Industrial Policy 2023 - crystal ball gazing

The Industrial Policy 2023, which is in the works, is likely to focus on new industries, carbon neutrality, and endeavour to make India a major manufacturing hub

India's current account deficit narrows to 0.2% of GDP in Q4 FY23

Net services receipts increased, both sequentially and on a year-on-year (YoY) basis, on the back of a rise in net earnings from computer services

Is India creating an economy productive enough to pay for a welfare system?

With manufacturing, merchandise exports and employment all lagging despite govt efforts, politicians have re-discovered the old idea of fiscal transfers through subsidies and payouts, writes T N Ninan

Shadows on sweet spot: Manufacturing grew the least among sectors in FY23

Some might conclude that manufacturing cannot be a leading sector without subsidies on inputs and cash pay-outs given for agri. But will such a manufacturing sector be viable, wonders T N Ninan

GDP growth at 6.1% in Q4, 7.2% in full FY23; construction, agri surprise

For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth

Govt's fiscal deficit narrows to 6.4% of GDP for FY23, meets target

The fiscal deficit for the last financial year narrowed to 6.4% from a year earlier. It also met the budget gap target, aided by buoyant tax receipts and some fiscal headroom from lower payments

Direct tax buoyancy again falls sub-2% in 2022-23

It should be noted that direct tax collection figures are still provisional and GDP figures are on the basis of second advance estimates for 2022-23. The actual figures may change the outcome slightly

Why climate change makes GDP unsuitable for measuring economic churn

GDP does not capture issues like welfare, inequality and human development. Nor does GDP capture the damage to the environment caused by economic activity, writes T N Ninan

IMF sees India's combined debt-to-GDP ratio rising for 4 yrs starting FY24

In its latest Fiscal Monitor report, IMF said India's combined debt-to-GDP ratio will rise a tad to 83.2% in FY24 and will hit a high of 83.8% in FY27 before it starts to moderate

IMF slashes Pakistan's growth rate to 0.5% for FY23 amid high inflation

The IMF has lowered its forecast for Pakistan's economic growth rate from 2 per cent to just 0.5 per cent for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country. This showed an unambiguous deterioration of economic fundamentals over the last six months since October when the IMF forecast the country's gross domestic product to grow by 3.5 per cent against 6 per cent for 2022 ago and inflation at 20 per cent against 12.1 per cent. The revision in Pakistan's growth prospects is in line with similar 0.4 per cent and 0.6 per cent projected last week by the World Bank and the Asian Development Bank, respectively. They also projected inflation at 29.5 per cent and 27.5 per cent respectively for the current year, the Dawn newspaper reported on Wednesday. In its flagship World Economic Outlook (WEO), the IMF has also estimated the unemployment rate in Pakistan to rise to 7 per cent against 6.2 per cent last year. For fiscal 2024, ...

No change: MPC presses 'pause' after hiking rate by 250 bps since May 2022

RBI governor makes it clear that if required, MPC could hike rates in future meetings

India's GDP growth to slow down to 6.3 per cent in FY24: World Bank

The latest India Development Update, released Tuesday, notes that rising borrowing costs and slower income growth are expected to weigh on private consumption growth