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Healthcare expenditure in India less than 2 per cent of GDP, says Ex-RBI Governor C Rangarajan

Healthcare expenditure in India less than 2 per cent of GDP, says Ex-RBI Governor C Rangarajan

Fri, Nov 15, 2024

India's healthcare expenditure is currently less than 2 per cent of its GDP, and the government must urgently increase it, former Reserve Bank governor C Rangarajan said on Friday.

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's logistics cost will come down to 9% of GDP in next two years: Nitin Gadkari

India's logistics cost will come down to 9% of GDP in next two years: Nitin Gadkari

Thu, Oct 17, 2024

Union Road Transport and Highways Minister Nitin Gadkari on Thursday said India's logistics cost will come down to 9 per cent of GDP within the next two years as the ministry is constructing several highways and expressways.

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India's fast growing economy, large population to drive carbon-intensive product demand: Moody's

India's fast growing economy, large population to drive carbon-intensive product demand: Moody's

Thu, Oct 17, 2024

Moody's expects India to remain one of the fastest growing economies in the world with real GDP growing 7.2 per cent in 2024 and 6.6 per cent in 2025.

GDP growth to decline to 7.1% for June quarter: SBI economists

GDP growth to decline to 7.1% for June quarter: SBI economists

Mon, Aug 26, 2024

The economists said the growth in gross value added (GVA) will fall below 7 per cent to 6.7-6.8 per cent for the April-June period this fiscal when compared to the year-ago period.

Think tank NCAER pegs domestic economic growth at more than 7% in FY25

Think tank NCAER pegs domestic economic growth at more than 7% in FY25

Mon, Jul 29, 2024

In its July 2024 issue of Monthly Economic Review (MER), NCAER said real GDP grew by 8.2 per cent in FY2023-24, driven by stable consumption demand and steadily improving investment demand.

NATHEALTH urges govt to increase public health expenditure to over 2.5% of GDP

NATHEALTH urges govt to increase public health expenditure to over 2.5% of GDP

Tue, Jul 09, 2024

NATHEALTH recommends the government to boost public health expenditure to above 2.5% of GDP and rationalize GST for healthcare to a uniform 5% rate slab.

Market Outlook: Indian market is better for FIIs in terms of GDP, growing economy supports bullish trend in the market

Market Outlook: Indian market is better for FIIs in terms of GDP, growing economy supports bullish trend in the market

Wed, Jul 03, 2024

Market Outlook: Indian market is better for FIIs in terms of GDP, mixed signals for Indian markets from the world, growing economy supports the bullish trend in the market: Krishna Sanghvi, CIO Equity, Mahindra Manulife MF.

India 360 : What is the GDP Connection to Water Shortage?

India 360 : What is the GDP Connection to Water Shortage?

Thu, Jun 27, 2024

What is the GDP connection of water shortage? Will water shortage increase inflation? Moody's warns India about water. Watch the special discussion.

S&P retains India's FY'25 GDP growth estimate at 6.8%

S&P retains India's FY'25 GDP growth estimate at 6.8%

Mon, Jun 24, 2024

In its economic outlook for Asia Pacific, S&P Global Ratings said India's economic growth continues to surprise on the upside with the economy growing 8.2 per cent in fiscal year 2023-24.

India to remain fastest-growing economy, to log 6.7% GDP growth in next 3 years: World Bank

India to remain fastest-growing economy, to log 6.7% GDP growth in next 3 years: World Bank

Wed, Jun 12, 2024

World Bank on Indian Economy, GDP Growth Outlook: Driven by strong domestic demand, surge in investment and robust services activity, India will remain the fastest growing economy in the world, clocking a steady growth of 6.7 per cent for the next three fiscal years, the World Bank has said.

RBI pegs FY25 GDP growth at 7.2%

RBI pegs FY25 GDP growth at 7.2%

Fri, Jun 07, 2024

RBI June Policy Review: The Reserve Bank of India's latest projection marks an upwards revision of 20 basis points.

Despite coalition, broader fiscal discipline will be maintained by the new Government: Motilal Oswal

Despite coalition, broader fiscal discipline will be maintained by the new Government: Motilal Oswal

Thu, Jun 06, 2024

Policy decisions of the previous term, with regard to attracting investments, increased capital expenditure, and focus on infrastructure creation and manufacturing, are expected to continue in the new regime.

India set for first current account surplus in 10 quarters by 4QFY24: Ind-Ra

India set for first current account surplus in 10 quarters by 4QFY24: Ind-Ra

Wed, Jun 05, 2024

The global manufacturing Purchasing Managers' Index (PMI) has been expanding for three consecutive months, reaching 50.3 in April 2024, with consistent growth in the US and emerging economies, except for the European region.

Canada to unveil budget as experts doubt fiscal targets

Canada to unveil budget as experts doubt fiscal targets

Mon, Apr 15, 2024

Canada is facing a housing affordability crisis due in part to a lack of supply, especially as it welcomes record numbers of migrants to meet labour needs.

Fitch cuts China's ratings outlook on growth risks

Fitch cuts China's ratings outlook on growth risks

Wed, Apr 10, 2024

Fitch expects China's explicit central and local government debt to rise to 61.3 per cent of gross domestic product (GDP) in 2024 from 56.1 per cent in 2023 - a clear deterioration from 38.5 per cent in 2019.

India needs 1 million fast chargers to become 100% electric in 2 and 3 wheelers by 2030: Former NITI Aayog CEO Amitabh Kant

India needs 1 million fast chargers to become 100% electric in 2 and 3 wheelers by 2030: Former NITI Aayog CEO Amitabh Kant

Sun, Apr 07, 2024

In January 2024, EV registration in India was 1,44,877, in Feb it declined a little bit at 1,41,382 but as of 30th March, the figure for the month showed an uptrend of 32 per cent at 1,86,143 vehicles.

States to sustain capex focus with improved fiscal space: Ind-Ra report

States to sustain capex focus with improved fiscal space: Ind-Ra report

Sun, Apr 07, 2024

In terms of capital expenditure, the report notes that the aggregate capex was lower than budgeted in FY23 but is expected to have improved in FY24.

India pips countries like Germany, Britain in GDP (PPP) gains: Report

India pips countries like Germany, Britain in GDP (PPP) gains: Report

Sat, Mar 23, 2024

PPP allows us to understand and make comparisons between two countries about the price of the same goods and services in both countries.

India's economic boom feels like 2003-07: Morgan Stanley

India's economic boom feels like 2003-07: Morgan Stanley

Sun, Mar 17, 2024

The current cycle is driven by investment outperforming consumption, public capex leading initially but private capex rapidly catching up, the urban consumer leading consumption followed by catch-up in rural demand, market share in global exports rising and macro stability risks kept in check.

Current Account Deficit expected to reach year's high of 1.2 % of GDP in FY24 third quarter, predicts ratings agency

Current Account Deficit expected to reach year's high of 1.2 % of GDP in FY24 third quarter, predicts ratings agency

Tue, Mar 12, 2024

In 3QFY24, merchandise exports experienced a year-on-year growth of 1.1 per cent, driven by demand from key markets such as the US, the UAE, and the Netherlands.

GDP growth could be closer to 8% in FY24: RBI Governor Shaktikanta Das

GDP growth could be closer to 8% in FY24: RBI Governor Shaktikanta Das

Wed, Mar 06, 2024

The National Statistical Office (NSO) has projected 8.4 per cent growth in the October-December quarter of the current financial year. It has also revised GDP estimates for the first and second quarters to 8.2 and 8.1 per cent from 7.8 per cent and 7.6 per cent, respectively.

India to grow at 6.8% in FY25, to become upper middle-income country by 2031

India to grow at 6.8% in FY25, to become upper middle-income country by 2031

Wed, Mar 06, 2024

It said that the next seven fiscals (2025-2031) will see the Indian economy crossing the USD 5 trillion mark and inching closer to USD 7 trillion.

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