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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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India's salary growth at 0.2% since 2008 recession, China's at 10.6%

India's salary growth at 0.2% since 2008 recession, China's at 10.6%

Thu, Sep 15, 2016

India has seen a salary growth of just 0.2% since the great recession eight years back, while China recorded the largest real salary growth of 10.6% during the period under review, says a report.

Air Pollution deaths cost global economy about $225 billion in 2013: World Bank

Air Pollution deaths cost global economy about $225 billion in 2013: World Bank

Thu, Sep 08, 2016

Air pollution deaths have cost the global economy about $225 billion in lost labour income in 2013, according to a new study.

US employment growth slowed after two months gain

US employment growth slowed after two months gain

Fri, Sep 02, 2016

US employment growth slowed more than expected in August after two straight months of robust gains and wage gains moderated, which could effectively rule out an interest rate increase from the US Federal Reserve this month.

India likely to post current account surplus of $4 billion in April-June quarter: Nomura

India likely to post current account surplus of $4 billion in April-June quarter: Nomura

Fri, Sep 02, 2016

Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at $4 billion (nearly Rs 26,611 crore) or 0.8% of the gross domestic product (GDP).

Big News | GDP growth rate decreased from 7.9 to 7.1% in Q-1 (QoQ)

Big News | GDP growth rate decreased from 7.9 to 7.1% in Q-1 (QoQ)

Wed, Aug 31, 2016

GDP growth rate decreased from 7.9 to 7.1% in Q-1 (QoQ). Watch complete news story of News @ 5:30 PM for getting detailed updates!

India's first quarter GDP growth slows to 7.1%

India's first quarter GDP growth slows to 7.1%

Wed, Aug 31, 2016

Abheek Barua, Chief Economist, HDFC Bank said, "While an unfavorable base effect is at play, there is a likely slowdown in services sector activity, which alone explains more than half of the moderation in overall growth. Within the industrial sector, while mining has shown positive traction, there is a possible moderation in activity for manufacturing and construction sectors."

Despite 1.2 billion population, why does India struggle to win Olympic medals?

Despite 1.2 billion population, why does India struggle to win Olympic medals?

Thu, Aug 25, 2016

The Indian contingent to Rio Olympics 2016 was made up of 118 players competing for 15 disciplines. At the last tally, we returned home with two medals, one silver, and one bronze.

Where does India stand globally on defence spends?

Where does India stand globally on defence spends?

Mon, Aug 22, 2016

While the US' spends on defence is the maximum on defence reaching to $571 billion in 2014, but in terms of military expenditure as a percentage of the GDP it ranks fourth with 3.5%.

Moody's retains India GDP forecast, ups China's estimates

Moody's retains India GDP forecast, ups China's estimates

Thu, Aug 18, 2016

A change in US policy stance that contributes to a weakening of the current global trade and security architecture could have a detrimental impact on global confidence and growth, and would prompt us to revise our forecasts, Moody's said.

Middle class families scared of Income Tax authorities, I will change that: PM Modi

Middle class families scared of Income Tax authorities, I will change that: PM Modi

Mon, Aug 15, 2016

Prime Minister Modi said in the last 60 years, 14 crore people were given gas connections, while the present government provided gas connections to over four crore people in 60 weeks."We have connected 70 crore Indians to Aadhaar and social security schemes. We are working to bring in social change. In such a short span of time we have built two crore toilets. Over 70,000 villages are free from open-defecation," he added.

Services PMI rises to three-month high in July on buoyant orders

Services PMI rises to three-month high in July on buoyant orders

Wed, Aug 03, 2016

"The Indian service economy started the second semester on a solid footing, posting its strongest performance since April and thereby indicating that underlying demand conditions remained reasonably firm," said Pollyanna De Lima, economist at survey compiler Markit.

Tax concessions may cost India Rs 6 lakh crore this year

Tax concessions may cost India Rs 6 lakh crore this year

Wed, Aug 03, 2016

“No sector wise details of industry are however maintained and section wise details of revenue impact of direct tax incentives is presented before Parliament with Budget in the form of document titled, 'Statement of Revenue Impact of Tax Incentives under the Central Tax System',” said Santosh Kumar Gangwar, Minister of State (MoS), Finance Ministry.

India's top companies to outperform Chinese counterparts

India's top companies to outperform Chinese counterparts

Tue, Aug 02, 2016

India's top companies are set to outperform their Chinese counterparts driven by increased spending by the Indian government through its 'Make in india' programme and improvement in the transportation sector despite the infrastructure bottlenecks, S&P Global Ratings said in its latest report

China's official manufacturing PMI drops in July

China's official manufacturing PMI drops in July

Mon, Aug 01, 2016

IHS Market and Caixin, in a statement, said, “July survey data signalled a renewed upturn in operating conditions faced by Chinese manufacturers, with output, new orders and buying activity all returning to growth. However, employment continued to decline and at a solid pace, which in turn contributed to the quickest rise in outstanding business since March 2011.”

France reports 'disappointing' zero growth

France reports 'disappointing' zero growth

Fri, Jul 29, 2016

Food spending dropped, as did services as start-of-year spending on tickets and accommodation for the Euro 2016 football championships dropped out of the equation, Insee said.

China's second-quarter growth slows to 6.6%: AFP poll

China's second-quarter growth slows to 6.6%: AFP poll

Wed, Jul 13, 2016

China`s growth slipped to a new seven-year low of 6.6% in the second quarter, according to an AFP survey, despite government efforts to spur activity in the world`s second-largest economy.

New GDP series needs time but IIP has limitations too: Indian Chief Statistician

New GDP series needs time but IIP has limitations too: Indian Chief Statistician

Mon, Jun 20, 2016

With the discrepancy noticed between GDP rising at 7.9% and Indian Industrial Production (IIP) showing only 0.8%, caused many to question if GDP is a ‘satisfactory’ measure of growth.

India's Jan-March current account deficit narrows to 0.1% of GDP

India's Jan-March current account deficit narrows to 0.1% of GDP

Thu, Jun 16, 2016

India`s current account deficit in the January-March quarter narrowed to $300 million, or 0.1 % of gross domestic product, from $7.1 billion, or 1.3 % of GDP in the previous quarter, the central bank said on Thursday.

India to grow at 7.6% despite World Bank cutting global growth forecast to 2.4%

India to grow at 7.6% despite World Bank cutting global growth forecast to 2.4%

Wed, Jun 08, 2016

In its Global Economic Prospects Report released on Tuesday, the Washington-based institution expected the world economy to grow 2.4% in 2016, 0.5 percentage point lower than the bank's forecast in January, Xinhua news agency reported.

Good news! Central Government employees to get a pay hike as 7th Pay Commission comes into force soon

Good news! Central Government employees to get a pay hike as 7th Pay Commission comes into force soon

Thu, Jun 02, 2016

It is good news for lakhs of central government employees as the 7th Pay Commission recommendations are going to be implemented leading to salary hikes for them.

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