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GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Tue, Oct 22, 2024

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday.

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

Thu, Oct 17, 2024

India is poised to be the third largest global economy by 2030 but its rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday.

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Q3 GDP may slide to 6.7-6.9% on poor farm sector show: SBI Research

Q3 GDP may slide to 6.7-6.9% on poor farm sector show: SBI Research

Wed, Feb 28, 2024

The 6.7-6.9 per cent growth forecast by SBI Research is lower than the Reserve Bank's 7 per cent growth projection for the quarter.

Indian economy likely to have expanded 7% in December quarter: Report

Indian economy likely to have expanded 7% in December quarter: Report

Mon, Feb 26, 2024

The official data on quarterly growth will be released on February 29. In the three months ended September 2023, the economy had clocked a 7.6 per cent growth.

India on track to become $10 trillion economy, set for 3rd largest slot: WEF President

India on track to become $10 trillion economy, set for 3rd largest slot: WEF President

Thu, Feb 22, 2024

On India's role in handling geopolitical conflicts, Brende said, "We will see a larger and larger Indian footprint on the global diplomatic scene in the years to come.

India's business activity surges to 7-month high in February

India's business activity surges to 7-month high in February

Thu, Feb 22, 2024

The growth rate in India's business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday.

Rajasthan FM proposes Rs 1,000 crore for schools, colleges, hospitals; recruitment to 70,000 posts

Rajasthan FM proposes Rs 1,000 crore for schools, colleges, hospitals; recruitment to 70,000 posts

Thu, Feb 08, 2024

Rajasthan budget 2024: Provision of Rs 1,000 crore to establish and upgrade schools, colleges, hospitals and administrative buildings in assembly constituencies, recruitment to fill 70,000 posts were among the key announcements by Rajasthan Finance Minister Diya Kumari.

China's Jan services activity expands at slower pace - Caixin PMI

China's Jan services activity expands at slower pace - Caixin PMI

Mon, Feb 05, 2024

The figure comes after official data last week showed factory activity contracted again, offering a snapshot of the state of the economy at the start of the year.

India to become 3rd largest economy with GDP of $5 trillion in 3 years: Finance Ministry

India to become 3rd largest economy with GDP of $5 trillion in 3 years: Finance Ministry

Mon, Jan 29, 2024

The Nirmala Sitharaman-headed ministry stressed that the reforms will be more purposeful and fruitful with full participation of state governments.

Indian renal denervation catheter market to grow at 11% CAGR: Report

Indian renal denervation catheter market to grow at 11% CAGR: Report

Thu, Jan 18, 2024

The renal denervation catheters market in India is expected to grow at a compound annual growth rate of around 11 per cent between 2024 and 2033, according to a report.

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Sun, Jan 14, 2024

The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.

India to be a USD 5 trillion economy by FY28; reach USD 30 trillion by 2047: FM

India to be a USD 5 trillion economy by FY28; reach USD 30 trillion by 2047: FM

Wed, Jan 10, 2024

India, with a GDP of roughly USD 3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany.

India expected to grow 6.2% in 2024: United Nations report

India expected to grow 6.2% in 2024: United Nations report

Fri, Jan 05, 2024

Economic growth in India is projected to reach 6.2 per cent in 2024, slightly lower than the 6.3 per cent estimate for 2023, amid robust domestic demand and strong growth in the manufacturing and services sectors, the United Nations' World Economic Situation and Prospects 2024 report said.

Nifty50 at 25,000 by end-2024? Here's what investors may expect on Dalal Street after a stellar 2023

Nifty50 at 25,000 by end-2024? Here's what investors may expect on Dalal Street after a stellar 2023

Fri, Dec 29, 2023

ICICI Direct values the headline index at a price-to-earnings (PE) multiple of 20 times the estimated earnings per share (EPS) of Rs 1,250 for FY26, and expects the 30-scrip gauge to deliver a potential upside of around 15 per cent from the current levels.

Revamping tobacco taxation strategies for high-burden Asian countries: ADB

Revamping tobacco taxation strategies for high-burden Asian countries: ADB

Tue, Dec 19, 2023

Tobacco use remains a formidable global health challenge, and the Asian Development Bank (ADB) has undertaken a comprehensive study to reassess tobacco taxation strategies in high-burden Asian countries.

Growth rate at 6 per cent, India will remain lower middle economy by 2047, says Raghuram Rajan

Growth rate at 6 per cent, India will remain lower middle economy by 2047, says Raghuram Rajan

Sun, Dec 17, 2023

Rajan said the GDP growth in India for the past two quarters was in the region of 7.5 per cent and if one looks at the labour force participation, it is very low and when it comes to female participation, “it is the lowest in the G20”.

Ficci expects economy to grow at 7.5-8% this fiscal, 8% in 2024-25

Ficci expects economy to grow at 7.5-8% this fiscal, 8% in 2024-25

Mon, Dec 11, 2023

On the pressure points on the economy, Shah said, "Primary pressure points are outside India. We are seeing stress with regard to Israel and Gaza, added to what is happening in Ukraine. Our hope is that it does not expand or accelerate any further from there. For the sake of everyone, it gets to peace."

IPO Boom: A Sneak Peek into the Next 2 Months of Market Buzz! ₹12,000 Cr Worth of IPOs Opening Soon!

IPO Boom: A Sneak Peek into the Next 2 Months of Market Buzz! ₹12,000 Cr Worth of IPOs Opening Soon!

Sun, Dec 10, 2023

IPO market continues to be bright: IPOs are out in the next 2 months, IPOs worth up to ₹ 12,000 Cr will open, more than 1 dozen IPOs till the budget, keep an eye on which upcoming IPOs - know from @Nupurkunia...

Annual GDP of Modi government 5.4%, but highlighting quarterly growth:Congress

Annual GDP of Modi government 5.4%, but highlighting quarterly growth:Congress

Sun, Dec 10, 2023

Congress General Secretary Jairam Ramesh in a post on X said, "The Prime Minister and Finance Minister are repeatedly talking up the 'transformative GDP growth in India' based on the recent numbers for July-September 2023.

India to be USD 5 trillion economy by end of 2025: Amit Shah

India to be USD 5 trillion economy by end of 2025: Amit Shah

Sat, Dec 09, 2023

Addressing the valedictory session of the Uttarakhand Global Investors Summit here, Shah said India has grown exponentially on every front over the past one decade due to the farsighted and visionary leadership of Prime Minister Narendra Modi.

India poised to become world's 3rd largest economy by 2030: S&P Global

India poised to become world's 3rd largest economy by 2030: S&P Global

Tue, Dec 05, 2023

India is poised to become the world's third-largest economy by 2030 with an estimated 7 per cent GDP growth in 2026-27, according to a S&P Global Ratings forecast released on Tuesday.

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