Page 8 - India Economic Growth

RBI governor Shaktikanta Das to meet bank chiefs ahead of monetary policy

Like to discuss issues related to growth, interest rates

India bright light economy, but reforms needed for $10 trn GDP: IMF

India has emerged as a bright light at a time when the world is facing imminent prospects of a recession, the chief economist of the International Monetary Fund (IMF) said on Wednesday, noting that the country, however, needed key structural reforms in order to achieve the ambitious target of being a USD 10 trillion economy. Pierre-Olivier Gourinchas, chief economist of the IMF said: Well, India is, I want to say, sort of bright light. The Indian economy has been doing reasonably well. In its World Economic Outlook on Tuesday, the IMF projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India. The projection for 2023 slides down further to 6.1 per cent, he noted. Responding to a question on the ambitious goal of India becoming a USD 10 trillion economy, Gourinchas told PTI that he certainly believes this is achievable. I mean, we've seen a number of countries grow at very fast rates in the past and really develop very rapidly. So, I think it's ..

CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

Can India's GDP grow 7% annually over 25 yrs? Data suggests it's tough

India has seen GDP growth of 7% or more for five straight years only once in the past 30 years

Goldman cuts India's growth forecast to 7%; M Stanley sees downside risks

Goldman Sachs has revised lower its growth projections for India after the April-June quarterly gross domestic product readings missed market estimates.

State of the economy: What do Q1 GDP estimates suggest?

Backed by a rebound in consumption, Indian economy is forecast to have double-digit GDP growth in the April-June quarter. What are the implications of the forecasts that have been released so far?

India's shaky energy security and growing dependency on foreign fuels

New Delhi is yet to announce a comprehensive and detailed policy across the energy spectrum to tackle this very real threat to economic growth

Low growth and high inflation expected this year: N Chandrasekaran

The World Bank last month cut India's economic growth forecast for the current fiscal to 7.5 per cent owing to rising inflation, supply chain disruptions and geopolitical tensions

Top Headlines: PSBs shareholding cap, growth of top firms, and more

The central government is seeking to remove the 10 per cent shareholding cap for individuals in public sector banks (PSBs). Read more in our top headlines

India's economic growth to be supported by fiscal spending: FM Sitharaman

The government has proposed to significantly step up the public investment by raising capital expenditure by 35.4 per cent to Rs 7.5 lakh crore or 2.9 per cent of the GDP in the current financial year

Slowing profits

Inflation is affecting demand and margins

Structural reforms essential for sustained, balanced, inclusive growth: RBI

RBI stressed that the future path of growth would be conditioned by addressing supply-side bottlenecks, calibrating monetary policy to bring down inflation and boosting capital spending

India Q1 GDP growth likely slowed for the third consecutive quarter: Poll

Growth in Asia's third-largest economy was pencilled in at 4.0% for the January-March quarter from the same period a year ago in a Reuters poll of 46 economists

An astonishing recovery

The rise in corporate earnings in FY21 was largely led by a handful of big companies in price-sensitive sectors such as metals and mining, and oil and gas.

Barclays forecasts India's GDP growth at 6.6% in December quater

Foreign brokerage Barclays said the Indian economy is likely to have expanded by 6.6 per cent in the December quarter.

At 9.2%, India among fastest-growing large economies: Niti Aayog CEO

The Indian economy is growing at 9.2 per cent and is expected to grow at similar rates in the coming years, Niti Aayog CEO Amitabh Kant said on Monday. While referring to the government's production linked incentive (PLI) scheme for sunrise sectors, Kant said it will add USD 520 billion to India's output in the next five years and make India a part of the global supply chain. "Today India is witnessing unprecedented levels of economic development and technological disruptions. The economy is growing at 9.2 per cent and is expected to grow at similar rates in the coming years, making us one of the fastest-growing large economies in the world," Kant said at an AIMA event. The country has taken several measures to maximise efficiency and several reforms have been taken by the government in that direction such as GST, Insolvency & Bankruptcy Code, lowering of corporate taxes, etc, he noted. This will help make India a global manufacturing champion and manufacturing hub, Kant ...

Union Budget 2022: Reaffirmation of tax stability, inclusive growth

The Finance Minister hit the right chord by presenting a Budget that focuses on growth for tomorrow's India

FM Nirmala Sitharaman to boost budget spending to support eco growth

Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday

Worsening of debt sustainability indicators may drive fiscal conservatism

A peak level of India's public debt/GDP ratio at 91.7 per cent and worsening of debt sustainability indicators to the 2002 levels may be driving fiscal conservatism, JM Financial said in a report.

Eyes on GDP forecast by pre-budget Economic Survey despite recent misses

The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy, quite often misses on the GDP forecast, sometimes by a significant margin.