India's Gva Growth
Mfg GVA grew 11.9% in 2023-24, shows Annual Survey of Industries data
The top ten industries accounted for 71 per cent of the manufacturing GVA in FY24, with a handful - basic metals, motor vehicles, chemicals, food products and pharmaceuticals - dominating
 "Mfg GVA grew 11.9% in 2023-24, shows Annual Survey of Industries data")
Make in India played tremendous role in latest GVA numbers: Piyush Goyal
Goyal further remarked that the world is increasingly viewing India as a manufacturing hub
 "Make in India played tremendous role in latest GVA numbers: Piyush Goyal")
Economy likely to expand by around RBI's projection of 8% in Q1, FY24
Various analysts that Business Standard spoke to put GDP growth in the range of 7 to 8.5 per cent for Q1 of FY24
 "Economy likely to expand by around RBI's projection of 8% in Q1, FY24")
Rice production, telecom subscribers pull down GDP growth in Q2 FY23
Steel consumption, commercial vehicle sales and some other sectors help economy
 "Rice production, telecom subscribers pull down GDP growth in Q2 FY23")
Terms of trade go against farmers in FY22 after a gap of two years
Simply put, farmers are paying a higher price for their agri inputs and for services such as health and education, as compared to the price they receive on the sale of their produce
 "Terms of trade go against farmers in FY22 after a gap of two years")
India's economy takes 'formal' leap as informal shrinks drastically: Study
15-20% of economy informal now as against 52% in FY18; digitisation, gig economy key drivers: Study
 "India's economy takes 'formal' leap as informal shrinks drastically: Study")
India's market capitalisation to GDP ratio hits 13-year high of 122%
Comes in the backdrop of 0.7% growth in India's annualised GDP at current price
 "India's market capitalisation to GDP ratio hits 13-year high of 122%")
Share of wages in industry GVA is highest since 1992-93, shows data
Imputed cost of finance to industry rose, share of profits in GVA fell in 2018-19
 "Share of wages in industry GVA is highest since 1992-93, shows data")
Manufacturing share in India's GVA down to 15.1% in FY20: Exim Bank study
Recent performance of the sector points to underlying inertia, which has translated into greater dependence on imports to meet growing domestic demand
 "Manufacturing share in India's GVA down to 15.1% in FY20: Exim Bank study")
Boost labour income to revive growth
The principal demand impetus for growth comes from the bottom half of income distribution
 "Boost labour income to revive growth")
Industry slowed in note ban year; GVA grew by 7.2%, down from 9.3% in FY16
Even as GVA growth slowed down in FY17, the number of workers employed by factories rose by 4.7 per cent to 11.6 million in FY17, up from 1.11 crore in FY16
 "Industry slowed in note ban year; GVA grew by 7.2%, down from 9.3% in FY16")
India's GVA growth may rise to 6.3% in Sept quarter: Nomura report
The July-September quarter saw strengthening of consumption-related indicators
 "India's GVA growth may rise to 6.3% in Sept quarter: Nomura report")
