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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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GDP: India's economic growth slows down to a 5-quarter low of 6.6% in Oct-Dec period of this fiscal

GDP: India's economic growth slows down to a 5-quarter low of 6.6% in Oct-Dec period of this fiscal

Thu, Feb 28, 2019

India's economy grew a lower-than-expected 6.6 percent in the October-December period.

Direct Tax mop up in Apr-Jan at Rs 7.89 lakh cr

Direct Tax mop up in Apr-Jan at Rs 7.89 lakh cr

Fri, Feb 08, 2019

Net direct tax collection during the April-January period of current fiscal stood at Rs 7.89 lakh crore, Parliament was informed on Friday.

Centre revises GDP growth rate for 2017-18 upwards to 7.2 per cent from 6.7 per cent

Centre revises GDP growth rate for 2017-18 upwards to 7.2 per cent from 6.7 per cent

Thu, Jan 31, 2019

The CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.

High GDP growth, regulatory reforms will boost Indian insurance sector: Moody's

High GDP growth, regulatory reforms will boost Indian insurance sector: Moody's

Wed, Jan 23, 2019

The Indian insurance industry will grow strongly on the back of robust GDP growth and evolving regulations, US ratings multinational Moodys said on Tuesday.

Govt initiates action plan to improve GDP

Govt initiates action plan to improve GDP

Mon, Jan 14, 2019

The Indian government has initiated the action plan to improve GDP and for first phase, will focus on six districts of five states. Watch the video to know more.

Absolutely everything you want to know about GDP growth in India

Absolutely everything you want to know about GDP growth in India

Mon, Jan 07, 2019

Indian economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in the previous fiscal mainly due to improvement in the performance of agriculture and manufacturing sectors, the Central Statistics Office (CSO) said Monday

Indian economy likely to grow at 7-7.4 per cent in FY19: NCAER

Indian economy likely to grow at 7-7.4 per cent in FY19: NCAER

Fri, Nov 30, 2018

According to a report by the National Council of Applied Economic Research (NCAER), the real agriculture Gross Value Added (GVA) is envisaged to grow at 3 per cent and real industry GVA at 7 per cent in 2018-19.

Savings, investment rates plunge 1000 bps in FY11-FY18: Report

Savings, investment rates plunge 1000 bps in FY11-FY18: Report

Thu, Nov 29, 2018

Ahead of the general elections, the government Wednesday lowered economic growth rates during the previous Congress-led UPA regime by shaving off over 1 percentage point.

Dip in revenues may widen fiscal gap to 3.5% in FY19: India Ratings

Dip in revenues may widen fiscal gap to 3.5% in FY19: India Ratings

Mon, Nov 26, 2018

Despite repeated assurances, India will not be able to narrow fiscal deficit to the targeted 3.3 per cent for 2018-19 of GDP on a shortfall in indirect taxes and non-tax revenues, a report said Monday.

Boost for economy: GDP grows at 8.2 per cent in Q1 of 2018-19

Boost for economy: GDP grows at 8.2 per cent in Q1 of 2018-19

Fri, Aug 31, 2018

The impressive growth numbers can be attributed to the strong performance by core sectors, more purchases by households and capacity improvement by companies.

India's April-June fiscal deficit at 68.7 percent of FY target

India's April-June fiscal deficit at 68.7 percent of FY target

Tue, Jul 31, 2018

India reported on Tuesday a fiscal deficit of 4.29 trillion rupees ($62.57 billion) for April-June, or 68.7 percent of the budgeted target for the current fiscal year compared with 80.8 percent a year ago

GST impact: India on path to becoming a preferred global investment destination

GST impact: India on path to becoming a preferred global investment destination

Tue, Jul 31, 2018

The Goods & Services Tax (GST) which was implemented by the government from August 1, 2017 is without doubt the most significant and path breaking economic reform in the country since independence. It has seamlessly integrated the country into one single market, resulted in ushering in unprecedented efficiencies in our systems and has reduced the cascading effect of multiple taxes, duties and levies on manufactured goods and services.

India, 9 others’ real GDP will surpass US

India, 9 others’ real GDP will surpass US

Mon, Jul 23, 2018

The 10 major economies of Asia, including India, are expected to see robust growth and amount to over $28 trillion in real GDP terms on aggregate, more than the US by 2030, says a DBS report.

Economic growth in India: This is what may stifle GDP

Economic growth in India: This is what may stifle GDP

Tue, Jul 17, 2018

Economists see headwinds to economic growth recovery going ahead as the slew of data announced recently ignited fears of a slowdown. While May Index of Industrial Production (IIP) fell 100 basis points (bps) to 3.2%, June trade deficit expanded 17.57% and retail inflation increased to 5% in June.

Centre to tweak base year for calculation of GDP, inflation

Centre to tweak base year for calculation of GDP, inflation

Wed, Jul 04, 2018

The last base year for GDP, IIP and consumer price index was revised to 2011-12 and 2012 (for inflation), Minister of Statistics and Programme Implementation Sadananda Gowda said.

Monsoon covers entire country, 17 days ahead of normal schedule

Monsoon covers entire country, 17 days ahead of normal schedule

Fri, Jun 29, 2018

The monsoon has covered the entire country, 17 days ahead of its normal onset date, the India Meteorological Department (IMD) said today. The monsoon reached Sriganganagar, its last outpost in the country located in west Rajasthan. Its normal date to reach Sriganganagar was July 15.

Rupee recovers from record lows after RBI intervention

Rupee recovers from record lows after RBI intervention

Thu, Jun 28, 2018

The rupee recovered from record lows set on Thursday morning aided by dollar selling intervention by the Reserve Bank of India but weak macro-economic fundamentals and broad dollar strength are likely to keep up the downward pressure on it.

Higher crude, interest rate may cap GDP at 7.5%: Nomura

Higher crude, interest rate may cap GDP at 7.5%: Nomura

Fri, Jun 15, 2018

Growth in the current fiscal year will be faster in the first half and will likely face pressure in the second half to end the year at 7.5 per cent , a Japanese brokerage said today. The rate hike by RBI and the oil prices raise concerns over the sustainability of what was termed as a "cyclical, broad-based recovery", Nomura's chief India economist Sonal Varma said.

Fitch ups India growth forecast to 7.4% for FY19, cites rising oil prices as risk

Fitch ups India growth forecast to 7.4% for FY19, cites rising oil prices as risk

Wed, Jun 13, 2018

The economy grew at 6.7 per cent in 2017-18 and 7.7 per cent in January-March quarter. Fitch said the Indian rupee has been one of the worst performing currencies in Asia this year, although the depreciation was more muted than during the 2013 taper-tantrum episode.

India may cut expenditure to stick to 3.3% fiscal deficit: Moody's

India may cut expenditure to stick to 3.3% fiscal deficit: Moody's

Thu, Jun 07, 2018

Moody's expects the government to meet its fiscal deficit target of 3.3 per cent for 2018-19, based on its commitment to gradual fiscal consolidation and budget assumptions which appear achievable, it said in a statement. "Although Moody's sees some downside risk to budgeted revenue and expenditure targets, it expects that the government would cut back on planned capital expenditure, as has occurred in past years, if it is needed to offset any slippage from its fiscal targets," Moody's VP and Senior Credit Officer William Foster said.

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