India’s gross domestic product (GDP) is likely to grow at 7.8 per cent in the financial year (FY) 2025 which is marginally higher than the estimated increase of 7.6 per cent in FY24 on a year-on-year (YoY) basis, the Bank of Baroda (BoB) said in a report. The report added that private consumption is likely […]
In a development signaling confidence in India’s economic trajectory, Moody’s, the global credit rating agency, has revised its GDP forecast for the country upwards to 6.8 per cent for the year 2024. The optimistic outlook comes as India is poised to maintain its position as the fastest-growing economy among G20 nations, fueled by robust growth […]
Economists predict that the divergence between India’s industrial and service sectors will normalise in the next few quarters The Indian economy grew at an impressive rate of 8.4 per cent in Q3FY24, surpassing economists’ expectations of 6.6 per cent growth. However, it is important to interpret the headline growth figure with caution as there are […]
India’s GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24 and the country continued to remain the fastest-growing major economy. The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters – April-June and July-September, data released by the Ministry of […]
The economic research department of the State Bank of India (SBI) has forecasted India’s gross domestic product (GDP) growth at 6.8 per cent in Q3 FY24 amid global economic complexity. The report added that it could hit 7 per cent on the back of likely downward revisions in Q3 FY23 estimates. The report stated that […]
Platinum experienced a 0.2 per cent dip to $904.27 per ounce, while palladium saw a 1.2 per cent increase, reaching $960.76 Gold prices witnessed a modest increase on Monday, benefiting from a weaker dollar as the metal rebounded slightly from last week’s decline triggered by robust U.S. inflation data. The data had tempered expectations of […]
Retail sales in the United States declined more than expected in January, dragged down by lower receipts at auto dealerships and petrol stations. Retail sales fell 0.8 per cent last month, according to the Commerce Department’s Census Bureau, with winter storms likely contributing to the decline. Data for December was revised down, with sales gaining […]
The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India’s GDP growth for the next financial year 2024-25 (April-March) at 7 per cent. Quarter-wise, 7.2 per cent growth is seen in Q1, 6.8 in Q2, 7.0 in Q3, and 6.9 in Q4, respectively. RBI said that risks are […]
Finance Minister Nirmala Sitharaman, while addressing the Parliament during the discussion on the Interim Union Budget for 2024-25, emphasised key financial indicators and government initiatives aimed at bolstering economic growth and fiscal stability. Sitharaman’s remarks shed light on various aspects of the budget, including inflation, capital expenditure, and allocations for Jammu and Kashmir. Addressing inflation […]
Oil prices dipped on Monday in choppy trade as China’s ailing property sector sparked demand worries while rising tensions over the weekend in the Middle East intensified oil supply concerns. Brent crude futures were down 62 cents to USD 82.93 a barrel by 1430 GMT while US West Texas Intermediate crude futures were down 59 […]
