The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy, the National Statistics Office said on Friday. However, these are early projections for 2023-24. Improved data coverage, actual tax collections, expenditures incurred on subsidies, and data revisions made by source agencies would have a […]
India is projected to grow at the rate of 6.2 per cent in 2024, backed by a robust domestic demand and strong growth in the services and manufacturing sectors, the United Nations (UN) has said. The UN released the World Economic Situation and Prospects (WESP) 2024 report on Thursday. The report states that South Asia’s […]
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India’s GDP is expected to grow by 6.5 per cent in financial year 2024. Growth projections for Financial Year 2024 indicate that India will grow by 6.5 […]
The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. India’s GDP growth for the April-June quarter grew 7.8 per cent. Real GDP or GDP at Constant (2011-12) Prices in Q2 2023-24 is estimated to attain a level of Rs 41.74 lakh crore, […]
India’s GDP growth rate is anticipated to ascend to 7 per cent by 2026, outpacing China’s projected growth of 4.6 per cent, according to a report from S&P Global Ratings titled ‘China Slows India Grows. ‘The report foresees a shift in the growth engine of the Asia-Pacific region from China to South and Southeast Asia. […]
The US economy continues to display resilience with robust growth throughout the year. The third quarter of 2023, in particular, exceeded expectations with GDP expanding at a strong 4.9 per cent seasonally adjusted annual rate, marking the highest quarterly gain since the fourth quarter of 2021. According to a JP Morgan report, this growth was […]
India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said. Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023. Amish […]
As expected, the monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fourth straight occasion. The repo rate is the rate of interest at which the RBI lends to other banks. At […]
India’s economy continued to show resilience and strong growth in the fourth quarter of the fiscal year 2022-23, outpacing forecasts with a spectacular expansion of 6.1 per cent, according to Khalsa Vox. With a total size of USD 3.3 trillion, this exceptional accomplishment has increased the yearly growth rate to an astonishing 7.2 per cent, […]
The rating agency Icra has projected the year-on-year (YoY) growth of the gross domestic product (GDP) in Q4 FY2023 at 4.9 per cent, a modest step-up from the 4.4 per cent recorded in Q3 FY2023. The gross value added (GVA) growth is seen at a higher 5.1 per cent in Q4 FY2023 (+4.6 per cent […]
