Page 14 - India Gdp Growth

FY25 GDP growth may come close to 7.5%: NCAER's Monthly Economic Review

Growth projections have been upgraded by various other agencies as well, with the median projection at 6.9 per cent

Budget 2024: FinMin may revise nominal GDP growth target upwards for FY25

In FY20, the final Budget revised the nominal GDP growth target to 12 per cent from 11.5 per cent assumed in the interim Budget

S&P retains India FY25 GDP growth estimate at 6.8%; forecast lower than RBI

S&P Global Ratings on Monday retained India's GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand. In its economic outlook for Asia Pacific, S&P Global Ratings said India's economic growth continues to surprise on the upside with the economy growing 8.2 per cent in fiscal year 2023-24. "We expect growth to moderate to 6.8 per cent this fiscal year, with high interest rates and lower fiscal spur tempering demand in the non-agricultural sectors," it said. For the fiscal years 2025-26 and 2026-27, S&P projected growth rates of 6.9 per cent and 7 per cent, respectively. S&P's estimates for FY'25 is lower than that of the Reserve Bank of India (RBI), which earlier this month projected the Indian economy to expand at 7.2 per cent in the current fiscal, on the back of improving rural demand and moderating inflation. While another rating agency Fitch estimates India's growth at 7.2 per cent ..

RBI likely to reduce key repo rate when inflation stabilises: India Inc

India Inc welcomed the Reserve Bank's move to raise the growth outlook for FY25 and stated that it expects the Reserve Bank to reduce the key repo rate when inflation stabilises within its target band. The Reserve Bank, which has been mandated to ensure inflation remains at 4 per cent (with a margin of 2 per cent on either side), mainly factors in CPI while arriving at its monetary policy. It left the key interest rate unchanged as widely expected, keeping the focus on inflation amid robust economic growth that is likely to provide the new Modi government headroom for manoeuvring reforms. The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook warrant a close monitoring. Consumer Price Index (CPI)-based retail inflation has been projected at 4.5 per cent with quarter-wise projections at 4.9 per cent in Q1 (April-June), 3.8 per cent in Q2, 4

Sensex to GDP: How India looked when a party won 400 seats the last time

If the BJP secures over 400 seats in the Lok Sabha, it will be the second party to do so after Congress, which won 414 seats in 1984 after the assassination of Prime Minister Indira Gandhi

India's GDP exceeds estimates, grows at 8.2% in FY24 and 7.8% in Q4

Grows 7.8% in Q4, thanks to increased tax mop-up

S&P Global Ratings to observe India's fiscal consolidation for next 2 years

It could give a ratings upgrade if govt is committed to fiscal glide path

Highlights: India's FY24 fiscal deficit lower than full-year target, shows data

India GDP data release updates: Catch all the news updates on the release of India's Q4 GDP data here

Growth momentum to continue in FY25, better year ahead for agri

Government would decide in the FY25 budget whether the fiscal deficit target of 5.1 per cent of GDP can be lowered further to fast track India towards the fiscal glide path

India's GDP growth rate jumps to 7.8% in Q4; FY24 growth at 8.2%

In the previous quarter, GDP growth rate accelerated to 8.4%, it was 7.6% in the July-September quarter

Stock Market Highlights, May 31: Benchmarks snap 5-day losing run ahead of Lok Sabha exit polls

Stock Market Highlights on May 31: Sensex, and Nifty indices closed up to 0.19 per cent higher ahead of exit polls, Q4FY24 GDP data

India Q4 GDP numbers today: Will the actual data match the predictions?

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

Economy expected to have grown at slower pace in Jan-Mar qtr: Survey

The median forecast from a survey of 54 economists put GDP growth at 6.7% year-on-year for the three months, the fourth quarter of India's 2023-24 fiscal

Global perception of India is unequal and fragmented: Claude Smadja

To become an alternative to China, India has to address a big challenge -which is that the industrial base of India is too narrow, he said

India to grow 7% in FY25, fastest among major economies: RBI annual report

Indian economy is projected to grow at 7 per cent -- the fastest among major economies across the world -- in the current fiscal year, underpinned by a sustained strengthening of macroeconomic fundamentals, the Reserve Bank of India (RBI) said in its latest annual report on Thursday. While the central bank expected headline inflation to moderate further, it flagged risks to food inflation saying that it remains vulnerable to supply-side shocks. The RBI's balance sheet size surged 11.08 per cent to Rs 70.48 lakh crore (about USD 845 billion) as of March 31, 2024. This was nearly 2.5 times that of Pakistan's entire GDP of close to USD 340 billion. The Indian economy, it said, expanded at a robust pace in 2023-24 (April 2023 to March 2024 financial year), with real GDP growth accelerating to 7.6 per cent from 7.0 per cent in the previous year -- the third consecutive year of 7 per cent or above growth pace. The economy showed resilience in FY24 (2023-24 fiscal) despite persistent ...

GDP growth robust on back of healthy balance sheets of banks, says RBI

India's GDP growth is robust on the back of solid investment demand which is supported by healthy balance sheets of banks and corporates, the government's focus on capital expenditure and prudent monetary, regulatory and fiscal policies, the RBI said on Thursday. The Reserve Bank's Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment. Indian economy, the report said, is well-placed to step up growth trajectory over the next decade in an environment of macroeconomic and financial stability. "As headline inflation eases towards the target, it will spur consumption demand especially in rural areas," it said. It further said the external sector's strength and buffers in the form of foreign exchange reserves will insulate domestic economic activity from global spillovers. The report, however, added that geopolitical tensions, geoeconomic fragmentation, global financial market volatility, internation

Goldman Sachs ups India 2024 GDP forecast to 6.7%; sees RBI rate cut in Q4

RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India

LS polls: If economy growing fast, why people not prosperous, asks Priyanka

Congress leader Priyanka Gandhi Vadra lashed out at the BJP-led Centre on Sunday, asking why people have not prospered if the country's economy is growing at a rapid pace. Addressing her first Lok Sabha poll rally in Punjab in favour of Amar Singh, the Congress candidate from Fatehgarh Sahib, Gandhi accused Prime Minister Narendra Modi of "speaking lies and making hollow promises to the public only to capture power". At another rally in Chandigarh, she countered the Bharatiya Janata Party's (BJP) charge that the Congress is anti-Hindu, saying her party's philosophy is based on the teachings of the Bhagavad Gita, which has taught people about truth, love, harmony and non-violence. In Fatehgarh Sahib, the Congress general secretary urged people to ensure Singh's victory in the June 1 polls. Hitting out at the Modi government, she claimed that 70 crore youngsters are unemployed in the country and the rate of unemployment is the highest in 45 years. Gandhi said 30 lakh posts are vacan

India's GDP growth in Q4 likely slowed to at least a four-quarter low

NSO to release Q4 growth numbers, FY24 provisional estimates on Friday

Development path for India will not be the same as China's: CBC chairman

As India moves towards the mission of Viksit Bharat' and becoming a developed country by 2047, the development path for India will not be the same as that of China as they have a different environment and capabilities, Chairman of the Capacity Building Commission Adil Zainulbhai has said. Prime Minister Narendra Modi has laid out a vision of what India will be as a developed country and there is a lot of thinking in terms of we want this to be different, Zainulbhai said. The development path for India will not be the same as the development path for China. So for every article that compares China's growth with India's growth, India's growth for the next 25 years will not follow the China model. Because we can't, it's a different environment and India's capabilities are different, he said. According to the World Bank, China's strong growth has been based on investment and export-oriented manufacturing, an approach that has largely reached its limits, and has led to economic, social,