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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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Q4 GDP growth jumps 7.7%: From per capita income to agri, check out 10 key takeaways

Q4 GDP growth jumps 7.7%: From per capita income to agri, check out 10 key takeaways

Thu, May 31, 2018

"GDP at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered growth rate of 7.7 per cent as against 5.6 per cent , 6.3 per cent and 7 per cent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18. Rapid growth in agriculture (4.5 per cent), manufacturing (9.1 per cent) and construction sectors (11.5 per cent) contributed to the overall growth," the statement by Ministry of Statistics and Programme Implementation said.

What moved your economy: Check out Q4 GDP growth highlights

What moved your economy: Check out Q4 GDP growth highlights

Thu, May 31, 2018

GDP at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered growth rate of 7.7 per cent as against 5.6 percent, 6.3 percent and 7.0 percent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18.

India's economic growth hurt in 2017; here is what UN has blamed it on

India's economic growth hurt in 2017; here is what UN has blamed it on

Wed, May 09, 2018

The goods and services tax (GST) and the twin balance-sheet problem pushed India’s growth rate down to 6.6 percent in 2017 from 7.1 percent in the previous year, a United Nations report said.

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

GST, bank balance sheet problems pushed India's economic growth downward but gradual recovery expected: UN

Tue, May 08, 2018

The Goods and Services Tax (GST), as well as protracted issues of corporate and bank balance sheet problems, pushed India's economic growth downward in 2017 but a gradual recovery is expected and the country's economy is forecast to grow at 7.2 per cent in 2018, according to a UN report.

India to have talent surplus of 245 mn workers by 2030: Study

India to have talent surplus of 245 mn workers by 2030: Study

Mon, May 07, 2018

India is projected to have a skilled labour surplus of 245 million workers by 2030, mainly on the back of "vast supply of working age citizens", even as most of developed and developing economies are expected to grapple with talent crunch at that time, says a study.

Stock market outlook: What will move your shares this week

Stock market outlook: What will move your shares this week

Mon, Apr 30, 2018

The Nifty continues to march higher for the fifth straight week brushing aside worries of rising crude, metals, bond yields and a weak rupee. The 50-share index gained 129 points, or 1.2%, and closed at 10692. While the mid-cap index gained 1%, the small-cap index lost 0.5%.

Fitch fails to give India a rating upgrade, retains it at 'BBB-', but says growth potential strong

Fitch fails to give India a rating upgrade, retains it at 'BBB-', but says growth potential strong

Fri, Apr 27, 2018

Global credit rating agency Fitch today affirmed India's sovereign rating at 'BBB-' with 'stable' outlook, saying that the country's medium-term growth potential is strong. 'BBB-' rating indicates lowest investment grade.

RBI dumps GVA model, switches back to GDP to measure economy

RBI dumps GVA model, switches back to GDP to measure economy

Thu, Apr 05, 2018

The Reserve Bank today switched back to the gross domestic product (GDP)-based measure to offer its growth estimates from the gross value added (GVA) methodology, citing global best practices.

Trade deficit with India decreased in 2017; concerned over trade barriers: USA

Trade deficit with India decreased in 2017; concerned over trade barriers: USA

Thu, Apr 05, 2018

"The US goods trade deficit with India was USD 22.9 billion in 2017, a 5.9 per cent decrease (USD 1.4 billion) over 2016," said the National Trade Estimate 2018 released by the USTR. India is one of the few countries with which US' trade deficit has decreased in the last one year.

Travel, tourism created 25.9 mn jobs in India in 2017: Report

Travel, tourism created 25.9 mn jobs in India in 2017: Report

Wed, Mar 21, 2018

Titled "Expedition 3.0: Travel and hospitality gone digital", the report by the Federation of Indian Chamber of Commerce and Industry (Ficci) in association with KPMG India assesses the trends and challenges in the twin sectors.

China keeps growth target at 6.5 percent, stays focused on financial risks

China keeps growth target at 6.5 percent, stays focused on financial risks

Mon, Mar 05, 2018

China aims to expand its economy by around 6.5 percent this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said on Monday. The goal was kept unchanged, even though the economy grew 6.9 percent last year and exceeded th

India's GDP at 7.2% in Q3FY18; second advance estimate stands at 6.6% for FY18

India's GDP at 7.2% in Q3FY18; second advance estimate stands at 6.6% for FY18

Wed, Feb 28, 2018

GDP at constant (2011-12) prices in Q3 of 2017-18 is estimated at Rs 32.50 lakh crore, as against Rs 30.32 lakh crore in Q3 of 2016-17, showing a growth rate of 7.2%.

India GDP growth rate for 2018 pegged at 7.6% by Moody's

India GDP growth rate for 2018 pegged at 7.6% by Moody's

Wed, Feb 28, 2018

Moody's Investors Service today said Indian economy is starting to recover from the negative impact of demonetisation and disruption caused by GST roll out, but kept GDP growth estimates unchanged at 7.6 per cent for 2018.

India's growth pace for October-December quarter could top China's rate

India's growth pace for October-December quarter could top China's rate

Wed, Feb 28, 2018

If there was 6.9 percent growth, that would top China`s 6.8 percent annual pace for October-December. The last time India had a faster growth rate was in the final three months of 2016.

Definite change is now visible, says PM Modi

Definite change is now visible, says PM Modi

Sat, Feb 24, 2018

He said this change in the economic and social content, represents the essence of the new rules for the new India and the new economy

Incentives for green tech, artificial intelligence likely in new industrial policy

Incentives for green tech, artificial intelligence likely in new industrial policy

Sun, Feb 18, 2018

The proposed policy, the draft of which has been released by the commerce and industry ministry for consultation with various stakeholders, will completely revamp the Industrial Policy of 1991.

Task to strengthen public finances left to next govt: Fitch Ratings

Task to strengthen public finances left to next govt: Fitch Ratings

Tue, Feb 06, 2018

The fiscal slippage of 0.3 per cent of GDP in both 2017 -18 and 2018-19 is relative to last year's budget targets of 3.2 per cent and 3 per cent of GDP, respectively. The target for current fiscal was missed largely because of higher expenditure, Fitch said.

'Modicare' to cost about $1.7 billion a year: Source

'Modicare' to cost about $1.7 billion a year: Source

Fri, Feb 02, 2018

Prime Minister Narendra Modi’s plan to provide health insurance for about half the country`s population would require an estimated 110 billion rupees ($1.72 billion) in central and state funding each year, an official told Reuters.

Budget philosophy in overall national interest: Jaitley

Budget philosophy in overall national interest: Jaitley

Fri, Feb 02, 2018

"To have a stressed agriculture sector and ramshackle infrastructure does not serve the country`s interests," Jaitley said, adding that the farm sector had been under "a lot of stress for the last seven to eight years."

High govt debt burden constrains India's rating: Fitch

High govt debt burden constrains India's rating: Fitch

Fri, Feb 02, 2018

Fitch Ratings today said high debt burden of the government constrains India's rating upgrade, a day after Finance Minister Arun Jaitley projecting a fiscal deficit of 3.5 per cent of GDP against the earlier target of 3.2 per cent.

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