Page 21 - India Gdp Growth

Hindu rate of growth: Where does the term come from and what it means

The term was first used by the late economist Raj Krishna in 1978 to refer to the low rate of economic growth in the pre-liberalisation era

Growth and glory: Might the two Asian cheetahs end up in another dead heat?

Most forecasters had it that India would do significantly better than China in FY24, but the scenario has undergone a change in recent weeks, as China has altered course dramatically, writes T N Ninan

India's tech spends to revert to pre-Covid levels, says McKinsey

Pandemic has decoupled the GDP growth and tech spends, it says

India December quarter GDP growth stronger than data suggests: Economists

India's GDP grew 4.4% in October-December, down from 6.3% in July-September, and below the 4.6% forecast in a Reuters poll

India's Q3 GDP numbers: Testing growth guardrails

One minus is that aggregate private sector capex participation will lag, barring few sectoral pockets

India GDP growth slows down to 4.4% in Q3; FY23 estimate retained at 7%

In the first Advance Estimates released in January too, MoSPI had estimated GDP growth in FY23 at 7 per cent

Govt to release second advance estimate of GDP for 2022-23 today

Ministry of Statistics and Programme Implementation will release the second advance estimate of the Gross Domestic Product for 2022-23 along with December quarter data on Tuesday evening. The ministry will also release the revised estimate of economic growth for 2021-22 which was estimated at 8.7 per cent in May last year. As per the first advance estimates released last month, the GDP growth was pegged at 7 per cent for 2022-23. The data assumes significance since in December 2022, the Reserve Bank of India lowered the country's GDP growth forecast to 6.8 per cent for the current fiscal. It was cut from the earlier projection of 7 per cent. RBI had projected the real GDP growth for 2022-23 at 6.8 per cent, with the third quarter and fourth quarter growth at 4.4 per cent and 4.2 per cent, respectively. It had trimmed the growth projection for 2022-23 for the third time in December last year. The Asian Development Bank has projected the Indian economy to expand 7 per cent while the

5G to be major contributor to India's GDP by 2040, chip making to take off

The report noted that over 20 Indian companies have already applied to secure 5G spectrum for private networks in the country

Indian economy likely to grow at 5.9% in FY24, says India Ratings

The rating agency expects the average retail and wholesale inflation to be at 5.4 per cent and 1.1 per cent, respectively

Growth, Budget and macro balances

The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short

Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023

Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs

Union Budget 2023-24: Firm on prudence, high on feel-good factor

Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for 2023-24, which is expected to serve as the last full Budget of Prime Minister Narendra Modi's second term in office

A realistic survey of the Indian Economy

The upshot of the above figures is that despite being faced with a highly challenging external environment this year, overall, the India economy will emerge from it relatively unscathed

Optimistic outlook

Higher growth will need more reforms

India's growth for next year pegged at 6.5%; higher than IMF projection

Sticky global inflation could keep rates higher for longer, hurting growth including in emerging markets like India

Indian economy expected to grow 7%: How GDP forecasts changed in 3 years

The average variation in value added is 1.5 percentage points between the first and last estimates

India economy to reach $7 trillion mark in next seven years: CEA Nageswaran

Nageswaran added that the economy will be $3.5 trillion by the end of the current fiscal, FY23

Budget to be fiscally prudent without losing growth focus: DBS economist

DBS Bank expects the government to target a fiscal deficit of 5.8-5.9% of gross domestic product (GDP) in 2023/24 as against the 6.4% outlined for this financial year ending on March 31

How sustained 6.5% growth for the rest of the decade can be realistic

Growth beyond 6% can happen, but there are constraints on both fiscal and monetary policy, which must focus on reducing the current account deficit, the fiscal deficit and inflation, writes T N Ninan

India's current account deficit in July-Sept rises sharply to 4.4% of GDP

Balance of Payments position sees depletion of $30.4 billion, says central bank