13.5% expansion in June QTR despite low base; GVA at basic prices up 12.7%
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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?
Says country will the milestone assumed in the Budget despite the tense geopolitical situation
Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey
India's GDP is expected to be much higher in Q1FY23 and growth is expected around 15.7% with a large possibility of an upward bias because several indicators have shown good progress
The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G
IMF cites less favourable external conditions and rapid policy tightening by RBI as reasons for lowering India's growth outlook
India is on the path to become a USD 30 trillion economy in the next 30 years on the back strong GDP growth, said Commerce Minister Piyush Goyal on Monday. India is currently USD 3-3.5 trillion economy and soon will achieve USD 5 trillion, he said while addressing an event organised Ficci Ladies Organisation. "As we move to a USD 5 trillion economy...we are well poised on track to aspire to be a USD 30 trillion economy in the next 30 years. It doesn't need any rocket science. All it needs is understanding that the power of our demographic dividend, the youth power and the power of democracy, which India proudly represents," he said. He further said that at a Compounded Annual Growth Rate of 8 per cent, the goal of USD 30 trillion economy would be achieved sooner or later. The minister said that women would play an important role in the growth of India and there is always space for them on the high table. On Draupadi Murmu taking over as President of India on Monday, he said, she h
On Thursday, ADB lowered India's growth forecast from 7.5 per cent to 7.2 per cent for FY23. Earlier on July 18, US-based Morgan Stanley also slashed India's GDP growth forecast to 7.2 per cent
Despite the Sangh Parivar's belief that a strong rupee is good, the govt has seen the wisdom of letting it depreciate gradually
It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions
Despite the government's recent fiscal steps to counter inflation, Nomura believes, there are upside risks to inflation from the continued pass-through of higher input costs
The global artificial intelligence investments have doubled in the last year, but India's share in global AI investment remains at 1.5%, the NASSCOM report said
While foreign fund inflows could ebb and exports could take a beating, the Indian economy is unlikely to suffer recession again
Robust revenue collection and higher nominal GDP, however, led to an improved fiscal deficit at 6.7 per cent in FY22 against the 6.9 per cent estimated
If the burden does hit Rs 2.5 trillion, that would mean extra spending of around Rs 35,000 crore
The Indian economy grew by 4.1% in March quarter. While the overall growth for FY21-22 was 8.7%, against the contraction of 6.6% in FY21. What do these numbers say about the economy?
The Indian economy grew by 4.1% in March quarter. While the overall growth for FY21-22 was 8.7%, against the contraction of 6.6% in FY21. What do these numbers say about the economy?
The implicit inflation in FY22 works out at 10 per cent, with the nominal GDP growth at 19.5 per cent