Page 7 - India Gdp Growth

Economic Survey likely to project 6.3-6.8% GDP growth for next fiscal year

The Economic Survey is likely to project a 6.3-6.8 per cent GDP growth for the next fiscal year, sources said. The Survey 2024-25, authored by Chief Economic Advisor V Anantha Nageshwaran and his team, will be tabled in Parliament this afternoon. India's GDP is projected to grow at a 4-year low pace of 6.4 per cent in the current fiscal on weak manufacturing and investments, as per estimates of the National Statistics office. This is lower than the growth projected in last year's Economic Survey of 6.5-7 per cent and the Reserve Bank of India's 6.6 per cent estimate. The Economic Survey, tabled every year a day ahead of the Union Budget, gives a broad roundup on macroeconomic performance of the ongoing fiscal and a glimpse of how the next fiscal is likely to pan out.

India needs fiscal policy changes for 6.4% GDP growth rate in 2025: Moody's

India needs to change its fiscal and monetary policy to achieve a 6.4 per cent GDP growth in 2025 amid a weak rupee, declining foreign investment and volatile inflation, Moody's Analytics said on Wednesday. Moody's Analytics said it expects the 2025-26 Union Budget to support domestic demand, particularly investment while aiming for a fiscal deficit of less than 4.5 per cent of GDP for the next fiscal. In 2023-24, the fiscal deficit was 5.6 per cent of GDP, which is estimated to come down to 4.9 per cent in the current fiscal. "India is facing a bumpy road in 2025. A weakening rupee, declining foreign investment, and volatile inflation are the areas of greatest economic risk. Changes in fiscal and monetary policy, likely in the first half of the year, is needed if India is to achieve 6.4 per cent growth," Moody's Analytics Associate Economist Aditi Raman said. Moody's said that while India had one of the fastest-growing economies in Asia in 2024, GDP growth waned over the first thr

India among top 3 least favoured Asian stock market amid multiple headwinds

Global fund managers overall expect less than 5 per cent return from Asia stocks (excluding Japan) in a year, according to BofA Securities

Will Budget 2025 kickstart Indian manufacturing, drive GDP growth?

Focus on the manufacturing sector was among the primary suggestions made to the Finance Minister Nirmala Sitharaman during the pre-Budget consultations by a group of economists

NITI Aayog member revises FY25 GDP growth projection for India to 6.5-7%

NITI Aayog member and renowned economist Arvind Virmani on Saturday said he has revised his GDP growth projection for India on the lower side for FY'25 due to rising global uncertainties and risks, particularly from the United States and China. Virmani, who had earlier predicted a GDP growth in the range of 6.5-7.5 per cent, adjusted the projection to 6.5-7 per cent now with high probability of it being sub-7 per cent, amidst heightened risk aversion stemming from global political and economic challenges. "My focus from the beginning of the year was 7 per cent plus-minus 0.5 per cent, which means 6.5-7.5 per cent. But now I am revising it to 6.5-7 per cent. The political uncertainties created by the US elections is much higher than I had anticipated," Virmani said. "The US election uncertainty has a domino effect, influencing Europe, China, and other regions, indirectly impacting India," he said on the sidelines of an interactive session with MCCI. He highlighted the significant ..

Markets Today: Wipro, TechM, RIL, Infy, Axis Bk Q3; FIIs; Capital Infra IPO

At 6:35 AM, GIFT Nifty futures indicated a weaker start for the markets, trading 56 points lower at 23,321.5

Startup India initiative sparks nation's modern entrepreneurial revolution

India has historically been an entrepreneurial nation, accounting for 25-35 per cent of global GDP through the centuries

Digital transformation fueling India's economic growth and inclusion

India's dramatic digital transformation has empowered millions through a digital infrastructure [India Stack], democratising data, identity, and payments

Markets Today: TCS Q3; FIIs; Quadrant Future IPO allotment; US, UK bonds

Thursday's session had already painted a grim picture, with the Sensex plunging 528.28 points (0.68 per cent) to close at 77,620.21. The Nifty shed 162.45 points (0.69 per cent) to settle at 23,526.50

Budgeting in the time of Trump: Balancing growth, jobs, and governance

The government must focus on improving governance and performance at PSUs and public sector banks (PSBs)

Business Standard poll: Experts see FY26 nominal GDP growth at 10-11%

The first advance estimates released by the National Statistics Office (NSO) on Tuesday estimated a nominal GDP growth of 9.7 per cent for FY25

Markets Today: FY25 GDP; Wall St. slips; Q3 results; Leo Dry Fruits listing

At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses

India's real GDP growth to come in at 6.2% in FY25, 6.5% in FY26: HSBC

Real GDP growth will come lower than the official estimate at 6.2 per cent in the ongoing fiscal year and inch up to 6.5 per cent in FY26, a foreign brokerage said on Tuesday. The Q2FY25 growth number at 5.4 per cent was disappointing, HSBC said in a report, adding that it expects the gross value added growth in the December quarter to go up to 6.5 per cent. "Our 100 indicators analysis shows that growth indicators have improved since September, but remain weaker than June," the report said. It said 65 per cent of the indicators are growing at a positive clip in the December quarter compared to 55 per cent in the July-September period, and added that improvements have been the clearest in agriculture, exports, and construction. Even urban consumption, which has been discussed a lot in recent weeks in a concerning way, has shown some improvement in the December quarter, the report said. The brokerage said utilities and private investment indicators continue to remain subdued, and .

Market Today: FY25 GDP; Quadrant, Capital Infra IPOs; Indo Farm IPO listing

Early signs indicate a positive opening for the markets. At 6:37 AM, GIFT Nifty futures were trading 51 points higher at 23,772, pointing to a higher start for the bourses

Indian economy to grow at 6.5-6.8% in FY25 on high consumption: Deloitte

Indian economy is likely to grow at 6.5-6.8 per cent this fiscal and slightly higher between 6.7-7.3 per cent in FY2026, boosted by domestic consumption, Deloitte said on Sunday. Deloitte India Economist Rumki Majumdar said the growth in the first half of the fiscal year 2025 turned out to be slower than estimated as election uncertainties followed by disruptions in activity due to heavy rainfall and geopolitical events weighed on domestic demand and exports. However, India continues to show resilience in certain pockets that are worth noting -- be it in consumption trends, services growth, the rising share of high-value manufacturing in exports, or the capital market. The government's continued focus on infrastructure development, digitisation, and attracting FDI will be the additional growth booster, enhancing overall efficiency. "We remain cautiously optimistic and expect the growth rate to remain between 6.5 and 6.8 per cent this fiscal year and slightly higher between 6.7 and

Manmohan's legacy as PM: Goodwill earned in 1st stint, but slips in the 2nd

An analysis of economic parameters shows that history will be kinder to him more for his first term than the second

Economic growth seen at 6.5% in FY25, RBI policy pushed down demand: FinMin

In its monthly economic review, the Finance Ministry cited the RBI's monetary policy stance among the reasons for the slowdown in the first half of FY25

The India story: Progress in manufacturing sector but key challenges remain

The fourth part of the series assesses what it will take to encourage domestic manufacturing, while also being an alternative to China

Low pvt consumption, reduced govt spending a worry but GDP to grow 6.5%: EY

India's GDP is forecasted to grow at 6.5% in FY25 and FY26, but weak private consumption, rising household debt, and sluggish government spending pose challenges

India's economy faces slower growth in 2025, macro risks intensify

In 2025, macro policies will need to support domestic demand, but without compromising on macrofinancial stability risks