Large budget deficit acceptable if it stimulates higher GDP: Nadir Godrej
Feb 01, 2023, at 05:31 am
Mumbai/IBNS: Speaking on the upcoming Union Budget, Godrej Industries Ltd.'s Chairman and MD - Nadir Godrej said global inflation, China's economic slowdown, the pandemic's aftereffects, and the conflict between Ukraine and Russia pose a great challenge for the Indian economy.
India to witness GDP growth of 6 to 6.8 pct in 2023-24: Economic Survey
Jan 31, 2023, at 08:10 pm
New Delhi: India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally, as per the Economic Survey released on Tuesday.
Sharp, long-lasting slowdown to hit developing countries hard: World Bank
Jan 11, 2023, at 03:11 pm
Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
India's GDP to grow at 7 pc in FY23: First Advance Estimates of National Income
Jan 07, 2023, at 03:44 am
New Delhi/IBNS: India's GDP is likely to grow at 7 percent in the current financial year 2022-23, according to the first advance estimates released by the government Friday evening.
Centre's fiscal deficit touches 59 pc of full-year target in Nov end
Dec 31, 2022, at 02:24 am
New Delhi/IBNS: Centre’s fiscal deficit at the end of November touched 59 percent of the full-year budget target, showed the data released by the Controller General of Accounts (CGA) on Friday.
Fitch maintains India's growth forecasts at 7 pc for FY23
Dec 07, 2022, at 05:25 pm
Fitch Ratings has retained India's economic growth forecast at 7 percent for the current fiscal (FY23).
India's core sector growth slows to just 0.1 pc in Oct
Dec 01, 2022, at 05:49 pm
New Delhi: India’s core sector recorded a growth of a meager 0.1 percent in October compared to an 8.7 percent growth in the same month in the previous fiscal.
Fiscal deficit stands at 4.7 pc of GDP in first half of FY23
Dec 01, 2022, at 06:39 am
New Delhi: The Centre’s fiscal deficit stood at 4.7 percent of GDP in the first six months of FY23.
India's GDP grows 6.3 pc in 2nd qtr in line with RBI's projection
Dec 01, 2022, at 01:41 am
New Delhi/IBNS: India’s Gross Domestic Product (GDP) grew at 6.3 percent in the Q2FY23 year-on-year, according to data released by the government on Wednesday.
World Bank cuts down India's FY23 GDP growth forecast to 6.5 pc
Oct 07, 2022, at 06:06 am
New Delhi: Amid fears of a recession in advanced economies, the World Bank on Thursday cut India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 6.5 percent from its earlier estimate of 7.5 percent.
India's GDP grows by 13.5 pc in April-June quarter of FY23
Sep 01, 2022, at 12:37 am
New Delhi: India's GDP grew at a rate of 13.5 percent in the April-June quarter in FY23 compared to the previous quarter (Jan-March), according to the data released by the National Statistical Office (NSO) on Wednesday.
GDP share of goods and services exports surges to 21.4 pc in 2021-22 from 18.7 pc in 2020-21
Jul 30, 2022, at 07:07 pm
New Delhi: The share of exports of goods and services in GDP has increased from 18.7 percent in 2020-21 to 21.4 percent in 2021-22.
OECD cuts down India's FY23 growth to 6.9 pc amid inflation
Jun 10, 2022, at 06:31 pm
The organisation for Economic Cooperation and Development has slashed India's growth projection for this fiscal year (FY23) to 6.9 percent, down sharply from 8.1 percent estimated previously and the Reserve Bank's 7.2 percent anticipated rise.
India's GDP grows 8.7 pc in 2021-22, taking economy above pre-pandemic level
Jun 01, 2022, at 04:29 am
New Delhi: India recorded a growth of 8.7 percent in the year 2021-22 while it was 4.1 percent in the March quarter.
India's GDP to hit $5 trillion in FY29
May 05, 2022, at 02:10 am
India will become a $5 trillion economy only by 2029, four years later than the target set by Prime Minister Narendra Modi.
Mar 14, 2022, at 08:20 pm
Kolkata/IBNS: Micro, Small & Medium Enterprises (MSMEs) have been a major source of employment and revenue for India yet professional assistance and credit aid is out of reach for many, a top MSME Development Forum official said.
India's GDP may expand at 9.5 pc in 2022: Moody's
Feb 26, 2022, at 04:52 am
India may grow at 9.5 percent during the current calendar year from 7 percent predicted earlier, Moody's Investors Service said Thursday, citing a stronger-than-expected economic recovery in the post-Covid period from the national lockdown of 2020 and third wave of Covid.
India's GDP to grow by 8.8 pc in FY 22: SBI report
Feb 18, 2022, at 10:19 pm
Kolkata/UNI: The country's gross domestic product (GDP) for the full year (FY22) would grow by 8.8 percent, 0.5 percentage point down than the earlier estimate, a State Bank of India research report said on Friday.
Food Processing sector's GDP contribution grew at AAGP of 11 pc
Dec 19, 2021, at 07:27 am
New Delhi/IBNS: The Gross Value Added (GVA) in Food Processing Industries (FPI) sector has been growing at an Average Annual Growth Rate (AAGR) of around 11.18 per cent in the last five years ending 2019-20, according to Ministry of Food Processing Industries.
SBI predicts real GDP growth for FY22 to be higher than 9.5 pc
Dec 01, 2021, at 10:53 pm
New Delhi/UNI: The real Gross Domestic Product (GDP) would be higher than the Reserve Bank of India (RBI)'s estimate of 9.5 per cent for financial year 2022, a report said here on Wednesday.
India's GDP in Q2 FY22 grows at 8.4 percent on low base, rise in economic activities
Dec 01, 2021, at 02:15 am
New Delhi/UNI: Helped by low base and rise in economic activities post second wave of pandemic, India's Gross Domestic Product (GDP) grew at 8.4 percent in the July-September quarter (Q2) of financial year 2021-22.
India GDP growth contracts 7.3 percent in FY21
May 31, 2021, at 11:41 pm
New Delhi: India's gross domestic product (GDP) suffered a jolt as the growth contracted by 7.3 per cent during FY21, as per government released data on Monday.
India to grow over 10 pc in fiscal 2021-22, but growth uneven, says World Bank
Apr 01, 2021, at 12:10 am
New Delhi/UNI: India is expected to grow more than 10 per cent in the fiscal year 2021-22, the World Bank said on Wednesday, making a substantial upward revision of 4.7 percentage points from its January forecast.
Economic Survey strongly recommends increase in public health spending from 1% to 2.5-3% of GDP
Jan 29, 2021, at 09:48 pm
New Delhi: The Economic Survey 2020-21 has strongly recommended an increase in public spending on healthcare services from 1 percent to 2.5-3 percent of GDP, as envisaged in the National Health Policy 2017.
India's GDP in second quarter contracts by 7.5 percent
Nov 27, 2020, at 11:20 pm
New Delhi: For the second quarter in a row, Indian economy contracted by 7.5 percent in the July-September quarter of 2020-2021, as per government release data on Friday.
India in 'technical recession' as RBI predicts GDP contraction of 8.6% for July-Sept quarter
Nov 12, 2020, at 06:54 pm
New Delhi/IBNS: India's central bank on Thursday said the country has likely entered into a technical recession besides predicting a contraction in Gross Domestic Product (GDP) of 8.6% in the July-September quarter, media reports said.
India set to trail behind Bangladesh in per capita GDP: IMF
Oct 14, 2020, at 07:29 pm
New Delhi/IBNS: In a shocker for India, the financial condition of which has taken a beating due to Coronavirus pandemic, the International Monetary Fund (IMF) has forecasted that the per capita Gross Domestic Product (GDP) of the Asian giant could trail behind its neighbour Bangladesh this year.
India's GDP to drop by 9 pc in current fiscal but expected to increase 8 pc in FY 21-22: ADB
Sep 15, 2020, at 10:50 pm
New Delhi/UNI: The Asian Development Bank (ADB) on Tuesday projected a 9 per cent decline in India's gross domestic product (GDP) in the current financial year, saying that the Corona virus pandemic has had a very serious impact on Indian economic activity and consumer perception.
India's GDP at -23.9 pc marks worst contraction on record
Sep 01, 2020, at 02:47 am
New Delhi/IBNS: India's GDP contracted 23.9 percent in the April-June quarter, the worst ever performance on record, the National Statistical Office (NSO) data showed today.
Moody's downgrades India's rating to Baa3. Check how business community reacted
Jun 02, 2020, at 08:04 pm
New Delhi/Mumbai/IBNS: For the first time in more than two decades, Moody's Investors Service, which is the bond credit rating business of Moody's Corporation, has downgraded India's rating from 'Baa2' to 'Baa3' besides estimating the country's Gross Domestic Product (GDP) to shrink by 4 per cent.