Page 9 - Gross Domestic Product

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

Manufacturing sector lags despite over 13% growth in GVA in Q2FY24

Though this was higher than 12.9% in the first quarter, it was nowhere close to 25% that the Modi government wants it to be

RBI monetary policy: 5 key announcements from the governor's speech today

RBI monetary policy: Central bank raised the UPI payment limits for hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction

AI firm BRAIIN Holdings forays into India, plans to invest $100 million

Through several synergistic acquisitions, the company's market capitalization increased from $215 million to $572 million over the past six months

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