Page 19 - India Gdp

Private consumption edges up in Q2; infra investment almost flat

PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago

Robust activity in services sector holds up 6.3% GDP growth in Q2

GDP grew 7.6 per cent in the September quarter of FY23 over the comparable period in FY20, which was before the pandemic

Growth challenges

Manufacturing sector decline needs policy support

India's annual GDP growth to slow in Sept quarter as Covid effect fades

India is expected to post annual growth of 6.2% in the three months to September 31, according to a Reuters poll

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Why this is India's decade

From being the 'office to the world', India is set to become its factory too

Budget 2023-24: 'Realistic' 10-11% nominal growth target on the table

Finance ministry expects moderation in retail inflation in FY24

Meta pledges $1 mn for extended reality fellowship programme in India

Initiative will help developers contribute to open-source projects on XR technology and lay the foundation for affordable, appropriate India-specific solutions localised to Indic languages

Budget 2023-24: Stay on fiscal glide path, economists advise FM Sitharaman

The Finance Ministry was also urged to continue with long term loans to states to support their capex programs, and give them more leeway to spend, in order to boost growth

Slower annual economic growth will be good for India, for now: Economists

India's annual economic growth is forecast to slow to about 6% for a few years, according to economists from Goldman Sachs Group Inc. and Barclays Plc.. And they say that's not such a bad thing

FM Sitharaman seeks to shrink budget deficit as global headwinds loom

A longstanding plan aims to shrink the shortfall to below 4.5% of GDP by 2025-26

India's CAD pegged at 3-3.2% of GDP in FY23: CEA V Anantha Nageswaran

'India's annual import cover comfortable; IMF does not consider external sector to be in a zone of vulnerability'

India's GDP growth may average 6.3% between 2021 and 2030: S&P report

This will help India pip Japan and Germany to become the third-largest economy, S&P says

OECD cuts India FY23 GDP forecast to 6.6% on slowdown at home, global fears

Says India is set to be second-fastest growing G-20 economy in FY23, despite decelerating global demand and tightening of monetary policy to manage inflationary pressures

Cut I-T, review capital gains tax in Budget 2023-24: CII to govt

FM Nirmala Sitharaman's pre-Budget consultations from today

India to be a net green energy exporter by 2050, says Gautam Adani

Asia's richest man Gautam Adani on Saturday said India, which took 58 years to become a trillion dollar economy, will add an equivalent sum to GDP every 12-18 months and will be the world's second largest economy by 2050. Speaking at the 21st World Congress of Accountants here, he said back-to-back global crises have challenged several assumptions, including that China should adopt western democratic principles, secular principles are universal, the EU would stay together, and that Russia would be forced to accept a reduced international role. "This multilevel crisis has shattered the myth of a unipolar or a bipolar world of superpowers that could step in and stabilize global environments," he said. "In my view - in this emerging multipolar world - superpowers will need to be those that take responsibility to step in and help others in a crisis and not bully other nations into submission, those that keep humanity as their foremost operating principle." A superpower, he said, must

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Building 5G use cases needs strong public-private alliance: Nasscom study

Sectors such as healthcare, energy & utilities, manufacturing, and retail are expected to benefit from large-scale 5G adoption, which is expected to power up to 2 per cent of India's GDP by 2030

A narrow window of opportunity

Thailand and China are at risk of growing old before they grow rich; India must grow its GDP at 8-9 per cent or more to avoid that fate

Madhya Pradesh aims to contribute Rs 55,000 cr to India's GDP by 2026: CM

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday said the state's contribution to India's economy will reach USD 550 billion by 2026 as the country is expected to become a USD 5-trillion economy. Chouhan said the state's gross domestic product (SGDP) is growing at 19.67 per cent this year and it has been attracting investments at a faster pace. "Prime Minister Narendra Modi has taken a pledge to make India a USD 5-trillion economy. It will be achieved when states do their part. So we will be contributing USD 550 billion to the country's economy by 2026. We have made a road map to accomplish this (target), and attracting investment is a part of this plan," Chouhan told reporters on the sidelines of an event here. At 'Investment opportunities in Madhya Pradesh' event hosted by industry body CII, the chief minister also urged the investors' community to invest in Madhya Pradesh. The event comes ahead of a two-day global investors' summit which is scheduled to be held in