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 […]
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 […]
Consumer confidence has increased by 2.2 percentage points, revealed a recent report by Refinitiv-Ipsos, the primary consumer sentiment index (PCSI). This surge is reflected across all four sub-indices, indicating a positive outlook on various economic aspects. The monthly PCSI result, determined by the sum of four weighted sub-indices, paints a promising picture for the economy. […]
Oil prices lost roughly 1 per cent on Monday as the Middle East conflict’s limited impact on crude output prompted profit-taking after oil benchmarks gained 2 per cent last week. Brent crude futures were down 69 cents, or about 0.9 per cent, at USD 77.60 a barrel by 1534 GMT and US West Texas Intermediate […]
India’s trade performance in December witnessed a nuanced pattern, with the overall exports, encompassing both merchandise and services, declining to USD 66.33 billion compared to USD 69.29 billion in December 2022, as per data released by the Commerce Ministry. However, a closer look at the sector-wise breakdown reveals divergent trends. Merchandise exports in December demonstrated […]
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 […]
In a pivotal year for Latin American soy production, Argentina and Brazil are set to drive significant growth in soybean crushing volumes in 2024. This surge, propelled by Argentina’s crop recovery and Brazil’s higher biodiesel mandate, is poised to reshape global soybean dynamics, as per S&P Global. India, a major consumer of vegetable oils, is […]
Gold prices in Pakistan surged by Pakistani rupee PKR 2,000 per tola on Wednesday, ARY News reported. ARY News is a Pakistani news channel. All Pakistan Gems and Jewellers Association (APGJA) said the price of 24-karat gold per tola increased by PKR 2,000 to settle at PKR 214,800 per tola. As per APGJA, after a […]
