GDP

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. 

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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.

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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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GDP growth in FY'19 likely to see marginal pick up at 7.2%: BofA-ML

Wed, Dec 06, 2017

The country's economic growth is expected to continue with a "shallow recovery" next year, and is likely to inch up to 7.2 per cent in 2018-19 from an estimated 6.5 per cent in the current fiscal, says a report.

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Reforms by government slows GDP growth rate in Q2 FY18

Fri, Dec 01, 2017

GDP growth rate has increased from the first quarter of this financial year but has fallen compared to second quarters of previous financial years.  

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SBI cautions: GDP growth rate recovers but hurdles remain

Fri, Dec 01, 2017

SBI has pointed out a sluggish demand trend that may impact GDP growth rate in the financial year 2017-18.   

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PMI rises to 13-month high of 52.6 in November

Fri, Dec 01, 2017

India's November PMI data is at a 13-month high. Roll-out of GST along with ‘higher order volumes’ led to PMI expansion.

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Rise in Q2 GDP signals economic recovery: India Inc

Fri, Dec 01, 2017

India Inc. on Thursday said the rise in the second quarter (Q2) GDP numbers showed signs of economic recovery. "Growth numbers are in sync with the expectations and re-affirm that signs of recovery are in sight," said Pankaj Patel, President of Ficci.

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IMF to update India growth rate forecast in January

Fri, Dec 01, 2017

The International Monetary Fund (IMF) today said it will update its growth rate forecast for India in January next year.

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Positive GDP data another boost for Modi govt

Thu, Nov 30, 2017

Today's development seems to show that Indian economy is shaking off the effects of demonetisation and GST rollout after witnessing a low growth of 5.7% in the June quarter

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Deceleration trend in overall growth has been now reversed: Jaitley

Thu, Nov 30, 2017

The Finance Minister said the economy now seems to have weathered the transitional challenges experienced earlier in the year and appears poised for a durable recovery going forward.

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India's GDP growth recovers to 6.3% in second quarter of FY18

Thu, Nov 30, 2017

The CSO said that GDP at constant (2011-12) prices in Q2 of 2017-18  is estimated at Rs 31.66 lakh crore, as against Rs 29.79 lakh crore in Q2 of 2016-17, showing a growth rate of 6.3 percent.

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India needs Rs 50 lakh crore for infrastructure projects over five years, says FM Jaitley

Thu, Nov 30, 2017

Higher number of infrastructure projects pave the way into the future as the government looks to award national highway projects every year.

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GST, Direct Benefit Transfer, demonetisation to ‘foster sustainable growth’ in India, Moody’s says

Fri, Nov 17, 2017

Recent reforms undertaken by the government of India provided 'greater confidence' that the high level of public indebtedness which is India's principal credit weakness will remain stable, Moody's said.  

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Moody's raises India's bond rating, expects reforms to foster growth

Fri, Nov 17, 2017

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Indians living in PM Modi's 'achhe din' have a favourable opinion of him

Thu, Nov 16, 2017

“Nothing you can do to take me away from my guy,” could be the song every Indian is singing for PM Modi. He was labelled as more popular than the Gandhis and the Congress party.

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Govt committed to sticking to fiscal deficit target of 3.2% GDP, says FM Arun Jaitley

Tue, Oct 24, 2017

Finance Minister Arun Jaitley today said the Indian economy is on a strong wicket with sound macro-economic fundamentals.

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10 things you need to know about India's infrastructure investments, PSB recapitalisation

Tue, Oct 24, 2017

While announcing the roadmap leading to growth in the economy the government said macro economic fundamentals were strong and fiscal deficit target of 3.2% of GDP would not be breached.  

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China third quarter GDP growth likely to cool as property, debt curbs bite

Thu, Oct 19, 2017

China is expected on Thursday to post a modest slowdown in third quarter economic growth from the previous quarter as the government`s efforts to rein in the property market and debt risks weigh on activity in the world`s second-largest economy.

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Slowdown bottomed out, GDP likely to grow 7% in FY18: Niti Aayog

Sun, Oct 15, 2017

Niti Aayog Vice Chairman Rajiv Kumar has said the economic slowdown that began in 2013-14 has bottomed out and the GDP is likely to grow 6.9 to 7 per cent this fiscal and 7.5 per cent in 2018-19.

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IMF favours three structural reforms in India

Sat, Oct 14, 2017

The IMF has suggested a three- pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets.

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India Inc's capital expenditure revival still four years away?

Wed, Oct 11, 2017

Capex by both private and public sector entities, primarily on maintenance will marginally increase in the near term- somewhat Rs 1 lakh crore between FY18 - 20.  

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RBI chooses inflation over growth, keeps repo rate unchanged

Wed, Oct 04, 2017

RBI has decided to keep key rates unchanged during its bi-monthly monetary policy meeting in Mumbai on October 4, 2017. RBI also revised GVA growth downwards to 6.7% from its earlier projection of 7.3%. 

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