Page 19 - India Gdp

Analysts slash India's GDP forecast amid high inflation, recession fears

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

Cloud adoption can add $380 bn to India's GDP, create 14 mn jobs: Nasscom

Large-scale adoption of Cloud has the potential to contribute $380 billion to the countrys gross domestic product (GDP), creating 14 million direct and indirect employment opportunities by 2026

Rupee at 80: Signs of lower FY23 GDP and corporate sector growth

The correlation coefficient between the year-on-year (YoY) change in corporate sector revenue and the rupee exchange rate is minus 0.63 since 2003-04 (FY04)

Morgan Stanley expects India's FY24 GDP growth to slow down to 6.4%

It said the GDP growth will slow down to 6.4 per cent in FY24, the brokerage said, adding that this is lower by 0.30 per cent compared to the earlier estimate.

Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD

FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability

India can weather turbulence without damage to credit ratings: S&P

India is likely to lead the region with 7.3 per cent growth in 2022-23 after the GDP grew 8.7 per cent in 2021-22, said the rating agency

CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome

If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem

Five years of GST: Mistakes that have made the regime a disappointment

Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention

Assessing & delivering bad news on economy no longer taboo in FinMin

Change in mindset has been brought on by Chief Economic Advisor V Anantha Nageswaran who has ensured that discussions on the economy are now much more data-driven and without bluster

AI adoption to add $500 billion to India's GDP by 2025: Nasscom report

The AI adoption in four key sectors -- BFSI, consumer packaged goods (CPG) and retail, healthcare, and industrials/automotive -- can contribute 60 per cent of the total $ 500 billion opportunity

Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi

The prime minister also said his government has brought about transformative changes to enable technology-led growth, in sectors such as space, new economy, green energy, and data

India better placed than many others to avoid stagflation: RBI article

The article noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty

Recovery tracker: Greater power generation and mobility even as cases spike

Vehicle registrations and railway freight numbers came in lower than before

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%

Behind the bounce

Growth has not come roaring back after the pandemic

From balancing growth to inflation, WEF focused on challenges for economies

In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy

Top headlines: India's Q4 GDP grows 4.1%; IMD raises 2022 monsoon forecast

Business Standard brings you the top headlines on Tuesday

Benchmarks snap 3-day winning run ahead of Q4 GDP data; Sensex fall 359 pts

CLOSING BELL: Sun Pharma, Kotak Bank, HDFC, SBI, Reliance Industries, Shree Cement, and HDFC Life fell up to 3.5 per cent.

India Q4 GDP: Inflation may have slowed down growth to just 4%, says poll

Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India's economy, economists said

Economists see limited impact of oil prices on India's GDP growth in Q4

Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22