Tag: GDP growth

India Recorded 8.3% Average Growth In Last 3 Years: RBI Chief Shaktikanta Das

June 25, 2024 admin

India is moving ahead towards 8% GDP growth in a sustained manner, said RBI chief. (File) Mumbai: India is at the threshold of a major structural shift in its growth trajectory, highlighted Shaktikanta Das, Reserve Bank of India Governor, on Tuesday during his address at the 188th AGM (Annual General Meeting) of Bombay Chamber of…

Nation

Election Results 2024 financial markets were given artificial booster dose by exit polls

June 4, 2024 admin

Congress leader Jairam Ramesh | Photo Credit: PTI As financial markets went for a tumble on June 4 after the trends of the Lok Sabha poll results showed that the BJP was not getting a majority on its own, the Congress said the markets were given an artificial booster dose by the exit polls and…

Business

RBI annual report 2023-24: Central bank sees real GDP growth at 7% in FY25

May 30, 2024 admin

The Reserve Bank’s Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment. | Photo Credit: REUTERS Indian economy is likely to grow at 7% in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released…

Business

India can sustain 8% GDP growth: RBI bulletin

March 19, 2024 admin

A worker cuts metal inside a workshop manufacturing metal pipes in Mumbai, India August 11, 2017. REUTERS/Shailesh Andrade | Photo Credit: SHAILESH ANDRADE India can sustain 8% annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country’s growth trajectory, said an article on the ‘State of…

Business

India’s GDP grows at 8.4% in October-December quarter; 2023-24 growth scaled up to 7.6% from 7.3%

February 29, 2024 admin

Making a flurry of revisions in the economy’s growth estimates, the National Statistical Office (NSO) on Thursday raised India’s real GDP growth esimate for this year to 7.6% from the 7.3% projected last month. It also scaled down its 7.2% growth estimate for 2022-23 to 7%, and raised its 2021-22 estimate from 9.1% to 9.7%….

Business

RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. | Photo Credit: PTI The Reserve Bank of India (RBI) on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. The real GDP growth is, however, lower than 7.3% estimated by the…

Business

Wrong to assess economic activity on GDP alone: Finance Ministry

September 15, 2023 admin

September 15, 2023 10:35 pm | Updated September 16, 2023 08:31 am IST – NEW DELHI “Indian GDP data are not seasonally adjusted, and they are also revised multiple times before they are finalised three years after the close of the relevant financial year,” the Finance Ministry said. File | Photo Credit: PTI The Finance…

Business

Chief Economic Adviser V Anantha Nageswaran’s Prediction On India’s GDP Growth, Fiscal Deficit

August 31, 2023 admin

The Chief Economic Advisor was briefing media following the release of first quarter GDP numbers. (File) New Delhi: Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in…

Business

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level

August 18, 2023 admin

Moody’s on August 18 affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to economic strength. | Photo Credit: Reuters Moody’s on August 18 affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth…

Business