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GDP growth

Economy to improve in coming quarters, lower Q2 growth a temporary blip: Nirmala Sitharaman

Economy to improve in coming quarters, lower Q2 growth a temporary blip: Nirmala Sitharaman

Tue, Dec 17, 2024

India continues to be the fastest-growing major economy in the world, Finance Minister Nirmala Sitharaman said, adding that the credit goes to the people of India who are struggling and meeting their aspirations, thereby, contributing to the economy.

RBI revises FY25 GDP forecast to 6.6% from 7.2%, says growth may gain momentum from now on

RBI revises FY25 GDP forecast to 6.6% from 7.2%, says growth may gain momentum from now on

Fri, Dec 06, 2024

The RBI lowered its GDP forecast for the current financial year. The central bank now expects the economy to finish the financial year with overall GDP growth of 6.6 per cent.

October-March GDP numbers expected to be much better: Economic Affairs Secretary

October-March GDP numbers expected to be much better: Economic Affairs Secretary

Mon, Dec 02, 2024

India's economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors as well as weak consumption.

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At 7-quarter low, has GDP growth bottomed out for now?

At 7-quarter low, has GDP growth bottomed out for now?

Mon, Dec 02, 2024

What does India's latest GDP reading mean for the economy? Is it in line with the Q2 corporate earnings? Can you expect a recovery in the rate of economic growth going forward? Read on to learn more about these aspects as India waits the calendar year's last RBI policy statement due on December 6.

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in February increased: Report

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in February increased: Report

Sat, Nov 30, 2024

RBI Repo Rate: RBI is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.

GDP growth slows to 7-quarter low of 5.4%; here is what economists say

GDP growth slows to 7-quarter low of 5.4%; here is what economists say

Fri, Nov 29, 2024

According to Zee Business estimates, the country's GDP growth was expected to be at 6.5 per cent in the fiscal second quarter.

India's economic growth expected to accelerate in October-December quarter: Report

India's economic growth expected to accelerate in October-December quarter: Report

Mon, Nov 25, 2024

India's economy was projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024) as positive indicators are emerging of economic activity picking up pace, according to a report by ICRA.

RBI Governor Shaktikanta Das says incoming data on GDP growth mixed but positives outweigh negatives

RBI Governor Shaktikanta Das says incoming data on GDP growth mixed but positives outweigh negatives

Wed, Nov 06, 2024

Das said the RBI tracks over 70 high-speed indicators to arrive at its estimates and described both the positive factors pushing the number and the negatives pulling it down.

SBI economists see Q2 GDP growth slowing down to 6.5%; FY25 growth will be closer to 7%

SBI economists see Q2 GDP growth slowing down to 6.5%; FY25 growth will be closer to 7%

Wed, Nov 06, 2024

However, they said Q2 with a 6.5 per cent growth would be a blip and an impasse when it comes to growth, and added that tailwinds of recovery are now reinvigorated by a surge in rural demand.

Economy set to achieve 6.5-7% GDP growth in FY25: Finance Ministry

Economy set to achieve 6.5-7% GDP growth in FY25: Finance Ministry

Thu, Sep 26, 2024

For the remaining part of the financial year, according to the Finance Ministry, a reasonable expectation is that public expenditure will pick up, providing added growth and investment impetus.

Reforms like GST & IBC have yielded long-term positive outcomes: RBI Government Shaktikanta Das

Reforms like GST & IBC have yielded long-term positive outcomes: RBI Government Shaktikanta Das

Thu, Sep 05, 2024

Stressing that India's growth story is intact and banks have robust balance sheets, the RBI Governor exhorted the private sector to step up investments in a big way.

Will decline in GDP growth affect the market?

Will decline in GDP growth affect the market?

Mon, Sep 02, 2024

Will decline in GDP growth affect the market? How strong is the Indian economy? Will Nifty remain bullish on the 13th day? Know from Anil Singhvi.

India's GDP growth at 6.7% in Q1 vs 7.8% in previous quarter; catch key takeaways here

India's GDP growth at 6.7% in Q1 vs 7.8% in previous quarter; catch key takeaways here

Fri, Aug 30, 2024

India's gross domestic product (GDP) expanded 6.7 per cent in the April-June period, showed official data released on Friday.

Kharif crop sowing crosses 979 lakh hectare mark; catch key takeaways from latest official data

Kharif crop sowing crosses 979 lakh hectare mark; catch key takeaways from latest official data

Mon, Aug 12, 2024

Kharif season sowing was recorded in 331.78 lakh hectares of area under paddy in the ongoing season as compared to 318.16 lakh hectares in the corresponding period a year ago, according to the Ministry of Agriculture & Farmers Welfare.

Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Mon, Aug 12, 2024

International Monetary Fund (IMF) Executive Director Krishnamurthy V Subramanian said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'.

FY25 GDP growth projections remain optimistic: Think tank CMIE

FY25 GDP growth projections remain optimistic: Think tank CMIE

Mon, Aug 12, 2024

The Reserve Bank of India’s (RBI) Monetary Policy Committee retained its GDP growth forecast for 2024-25 at 7.2 per cent in August 2024. Its optimism is based on improved agricultural activity lifting rural consumption and sustained buoyancy in services supported by urban demand. Revival of private investment, government’s thrust on capex and healthy balance sheets of banks and corporates would drive fixed investment activity, the outlook report reads, adding that additionally, better world trade prospects are expected to support external demand.

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.

FICCI forecasts 7.0 % annual GDP growth for India in 2024-25

FICCI forecasts 7.0 % annual GDP growth for India in 2024-25

Thu, Jul 18, 2024

The industry body projects that the ebbing El Nino effect, with the expectation of a normal southwest monsoon, is likely to bode well for agricultural production. Industry and services sector, on the other hand, are anticipated to grow by 6.7 per cent and 7.4 per cent respectively, in the current fiscal year, the FICCI said in its Economic Outlook Survey.

Centre says Citigroup report on India employment fails to consider positive trends, comprehensive data from official sources; catch key takeaways from Labour Ministry's rebuttal

Centre says Citigroup report on India employment fails to consider positive trends, comprehensive data from official sources; catch key takeaways from Labour Ministry's rebuttal

Mon, Jul 08, 2024

Rebutting a research report by US-based investment bank and financial services company Citigroup on employment in India, the Labour Ministry said on Monday that it fails to consider the positive trends and comprehensive data from official sources. The ministry said it "strongly rebuts such reports which do not analyse all official data sources available in the public domain". The Citigroup report forecasts that India will struggle to create sufficient employment opportunities even with a growth rate of 7 per cent.

Revenues of top 18 states to grow 8% to 10% this fiscal: CRISIL

Revenues of top 18 states to grow 8% to 10% this fiscal: CRISIL

Wed, Jul 03, 2024

The growth will be primarily driven by robust GST collections and devolution of finances from the Centre, which comprise around 50 per cent of the aggregate state revenues, according to the report.

Indian economy poised for potentially stable high growth phase, says RBI's monetary policy panel member

Indian economy poised for potentially stable high growth phase, says RBI's monetary policy panel member

Sun, Jun 30, 2024

Bhide further said with the growth of income that would support domestic demand and additions to production or supply capacity reflected by high levels of investment spending in the last couple of years, domestic economic activity is expected to sustain its momentum.

Mumbai, Delhi see strong growth in prime property prices globally: Report

Mumbai, Delhi see strong growth in prime property prices globally: Report

Sun, Jun 30, 2024

According to the latest data from the Knight Frank 'Prime Global Cities Index Q1 2024', with an 11.5 per cent (year-on-year) surge, Mumbai witnessed the highest jump among Indian cities in the January-March quarter.

Retail inflation gradually easing, food prices still a concern: RBI Bulletin

Retail inflation gradually easing, food prices still a concern: RBI Bulletin

Wed, Jun 19, 2024

In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter.

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