Page 22 - India Gdp

India Ratings slashes India's FY23 GDP forecast to 7%-7.2% from 7.6%

Ind-Ra's India GDP forecast cut comes a day after ICRA Ltd cut its FY23 growth forecast to 7.2 percent from 8 percent

Safe for now, macro economy may take a hit if Russian-Ukraine war stretches

A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit

Algo Rhythm: AI-as-a-Service can lead to wider adoption of AI

IT service players have a role in collaborating with deep-tech startups

YouTube's creator ecosystem contributed Rs 6,800 cr to Indian GDP

The number of channels on YouTube in India with over 100,000 subscribers at 40,000, represents a growth of over 45 per cent y-0-y.

FY22 GDP estimates: Economic growth weighed down by mfg, construction

While an adverse base was expected to flatten growth in the quarter from 8.5% in Q2FY22, NSO's initial estimates are sorely below our expectation of a 6.2% YoY expansion in that quarter

Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief

Business Standard brings you the top headlines on Monday

3D printing: Govt aims to add nearly $3 billion to GDP in three years

The government aims to capture five per cent of the global market share in additive manufacturing or 3D printing with expectations to add nearly USD 2-3 billion to the GDP in the next 2-3 years, Union Minister Ashwini Vaishnaw said Thursday. Under the National Strategy on Additive Manufacturing, the government plans to create 50 India-specific technologies for material, machine, process and software to make India a 3D-printed design and manufacturing hub. "The value of precision electronics is high. It is estimated to contribute USD 2-3 billion in GDP coming 2-3 years," Communications and Electronics & Information Technology Ashwini Vaishnaw said while announcing the strategy. The strategy aims to create 100 new start-up, 500 additive manufacturing products and 50 Indian additive manufacturing technologies on material, machine, process and software. "We have taken some clearly defined goals in this strategy. We are targeting 50 new India-specific technology, 100 new start-up, 10 ..

Moody's ups India growth estimates to 9.5% in CY2022 on stronger recovery

In its update on Global Macro Outlook 2022-23 today, Moody's said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum

GDP to be just 1% above pre-pandemic level in FY22: RBI deputy governor

India's GDP will be just one per cent above the pre-pandemic level even after the estimated 9.2 per cent growth in FY22, RBI Deputy Governor M D Patra said

India Ratings pegs GDP growth for FY22 at 8.6% after data revision

India Ratings has revised downwards its GDP growth forecast for 2021-22 to 8.6 per cent from the consensus 9.2 per cent projected earlier. The National Statistical Organisation (NSO), which has forecast 9.2 per cent real GDP growth for the year, will release the second advance estimate of national income on Monday. According to an India Ratings analysis, NSO is likely to peg the FY22 real gross domestic product growth at Rs 147.2 lakh crore. This translates into a GDP growth rate of 8.6 per cent, down from 9.2 per cent forecast in the first advance estimate released on January 7, 2022. The major reason for the likely downward revision is the upward revision of FY21 GDP to Rs 135.6 lakh crore in the first revised estimate of national income for FY21, which was released on January 31, 2022, the agency said. As a result, GDP for FY21 is improved to (-) 6.6 per cent from the provisional estimate of (-)7.3 per cent released on May 31, 2021. Besides this, the second revised estimate of

Barclays forecasts India's GDP growth at 6.6% in December quater

Foreign brokerage Barclays said the Indian economy is likely to have expanded by 6.6 per cent in the December quarter.

FY23 Outlook: States' deficit expected at 3.6% of GDP, says Ind-Ra

"The revision was made due to better-than-expected growth in revenue receipts and higher growth in the nominal GDP in FY22," the agency said

India's GDP likely to grow at 5.8% in Oct-Dec, says SBI report

India's gross domestic product (GDP) is likely to grow at 5.8% in the third quarter of fiscal 2022 from October to December, says Ecowrap- SBI's research report.

Will India's real GDP growth in FY23 be mellower than projected?

What do a recent announcement by the finance minister and the projections of the RBI's Monetary Policy Committee have to say about India's real GDP growth in FY23? Let's find out

The severity of India's economic crisis is evident when quantified

The real growth in average incomes is slower than that in consumption and investments, and the nominal growth in company tax collection is slower than growth in nominal incomes, data shows

TMS Ep107: GDP growth, Manu Kumar Jain, markets, sin tax

Will India's real GDP growth be mellower than projected? What's Manu Kr Jain's game plan for Xiaomi's growth? Will sell-off in mid, small-caps bottom out soon? What is sin tax? All answers here

Real GDP growth for FY23 projected at 7.8%, says RBI Governor

The Reserve Bank's growth projection for next financial year is lower than 8-8.5 per cent projected by the Finance Ministry in the recent Economic Survey

India GDP estimated at Rs 147.5 trn in FY22: MoS Finance Pankaj Chaudhary

In a written reply to a query in the Lok Sabha, Chaudhary said the government has implemented several major reforms in recent years to boost investment and GDP growth

India's GDP expected to grow 7.8% in FY23: Crisil report

Sitharaman's Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation are aimed in the right direction, the rating agency said

State of Indian economy, according to the Economic Survey 2022

The economy is likely to grow at 8-8.5% in FY2022-23 and India is geared up to face the challenges posed by pandemic, the Economic Survey tabled yesterday said. Let's analyse this yearly report card