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GDP

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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Indian economy to grow at 7.8% in FY25 says Bank of Baroda report

Indian economy to grow at 7.8% in FY25 says Bank of Baroda report

Mon, Mar 04, 2024

Gross Value Added (GVA) growth is expected at 7.2 per cent from 6.7 per cent in FY24 led by broad-based improvement across sectors, the Bank of Baroda states.

SBI report deciphers India's GDP surge and economic projections

SBI report deciphers India's GDP surge and economic projections

Fri, Mar 01, 2024

In a research report titled "When 8 per cent becomes the new normal: Decoding the new normals of a GDP on swing," the State Bank of India's Economic Research Department unveils key insights into India's economic landscape, shedding light on the recent GDP surge and providing projections for the future.

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.

India retail market set to reach $2 trillion in next decade: Report

India retail market set to reach $2 trillion in next decade: Report

Wed, Feb 28, 2024

Organised retailers need to sustain performance and continue to grow shares. "Retail is going through key shifts impacting the pace and shape of growth," the findings showed.

Country Garden liquidation petition adds to China property woes

Country Garden liquidation petition adds to China property woes

Wed, Feb 28, 2024

Country Garden has appointed KPMG and law firm Sidley Austin as advisers to examine its capital structure and liquidity position and formulate what it called a "holistic" solution.

Jharkhand GDP projected to grow 7.7% in FY 25: Economic survey

Jharkhand GDP projected to grow 7.7% in FY 25: Economic survey

Tue, Feb 27, 2024

The survey also stated that the per capita income of the state, which had declined during the years of economic slowdown and lockdown, has recovered since then.

Germany hits 2% NATO spending target for first time since end of Cold War

Germany hits 2% NATO spending target for first time since end of Cold War

Wed, Feb 14, 2024

The German government is allocating the equivalent of 71.8 billion euros ($76.8 billion) for defence spending in the current year through regular and special budget outlays. However, the sum of its total defence spending is classified.

TS Singh Deo Criticises Incumbent Government's GDP Performance

TS Singh Deo Criticises Incumbent Government's GDP Performance

Fri, Feb 09, 2024

Former Deputy Chief Minister of Chhattisgarh and Congress leader TS Singh Deo criticised the Bharatiya Janata Party (BJP) government's economic performance, citing discrepancies in the data presented in the 'White Paper' tabled in the Lok Sabha. Deo highlighted that the GDP growth during the UPA regime outperformed both past and present administrations, disputing the accuracy of the government's claims.

RBI projects 7% growth for next financial year

RBI projects 7% growth for next financial year

Thu, Feb 08, 2024

The real GDP for 2024-25 is projected to grow at 7 per cent, with June and September quarters growth at 7.2 per cent and 6.8 per cent, respectively.

German exports fall more than expected in December

German exports fall more than expected in December

Mon, Feb 05, 2024

The foreign trade balance showed a calendar- and seasonally adjusted surplus of 22.2 billion euros ($23.92 billion) in December, versus a surplus of 20.8 billion euros the previous month.

FPIs investment in debt market over 6-year high at Rs 19,800 crore in January

FPIs investment in debt market over 6-year high at Rs 19,800 crore in January

Sun, Feb 04, 2024

Sitharaman in the interim Budget refrained from announcing populist measures, which will help the government trim the fiscal deficit to 5.1 per cent of the GDP next fiscal and 4.5 per cent in FY26.

India can reach $7 trillion goal by 2030 if states stay small business-friendly: Finance Ministry

India can reach $7 trillion goal by 2030 if states stay small business-friendly: Finance Ministry

Sat, Feb 03, 2024

It said that in the next three years, India is expected to become the third-largest economy in the world, with a GDP of USD 5 trillion.

Budget 2024: Government makes modest hike of 11% in capex to Rs 11.11 lakh crore

Budget 2024: Government makes modest hike of 11% in capex to Rs 11.11 lakh crore

Thu, Feb 01, 2024

In the previous two years as well the government had to increase the capex for infrastructure development by over 30 per cent to do heavy lifting as private investment was muted.

Government to receive Rs 1.02 lakh crore as dividend from RBI, PSBs in FY25

Government to receive Rs 1.02 lakh crore as dividend from RBI, PSBs in FY25

Thu, Feb 01, 2024

The higher dividend from banks and financial institutions, apart from improvement in tax mobilisation, would help achieve a fiscal deficit glide path.

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.

South Korea's economy grew faster than expected in Q4

South Korea's economy grew faster than expected in Q4

Thu, Jan 25, 2024

The Bank of Korea hinted this month that it may pivot towards monetary easing along with its global peers, as the central bank held interest rates steady for an eighth meeting.

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.

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

Sun, Jan 07, 2024

Discrepancies in the statistical GDP data refer to the difference in national income under production method and expenditure method.

IMF commends India's economic resilience and growth amid global challenges

IMF commends India's economic resilience and growth amid global challenges

Tue, Dec 19, 2023

The financial sector experienced its strongest performance in years, demonstrating resilience in the face of global financial stress.

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”.

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