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India’s July-September growth slides: what options does RBI have? | Business Matters | Video Credit: The Hindu Economic growth fell sharply to 5.4% for the quarter ended September. The important question is, what next? Are we looking at a prolonged slowdown? And as importantly, will the Reserve Bank cut rates, something that observers have been…
New Delhi: Prime Minister Narendra Modi today said this is the right time to join India’s growth story, as German Chancellor Olaf Scholz met the Prime Minister in the national capital with a business delegation. Addressing the 18th Asia-Pacific Conference of German Business 2024, PM Modi said the time is ripe for foreign investors to…
The latest Fitch Ratings has cited a recovery in consumer spending and increased investment. File photo | Photo Credit: The Hindu Fitch Ratings on Tuesday, June 18, 2024, raised India’s growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment….
Read More “Fitch raises India’s growth estimates for FY25 to 7.2%” »
Nirmala Sitharaman said the manufacturing sector witnessed growth of 9.9 % in 2023-24 (File) New Delhi: Finance Minister Nirmala Sitharaman on Friday termed 8.2 per cent GDP growth in 2023-24 as ‘remarkable’ and said the growth momentum will continue in the “third term of the Modi Government”. Today’s GDP data showcases robust economic growth with…
Read More “Growth Momentum Will Continue In PM Modi’s 3rd Term: Nirmala Sitharaman” »
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…
Read More “RBI annual report 2023-24: Central bank sees real GDP growth at 7% in FY25” »
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…
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%….
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…
Read More “RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends” »
The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high crude oil prices and increased uncertainty due climate changes, NITI Aayog member Arvind Virmani said on Thursday. Mr. Virmani also asserted that the gross household savings ratio in India has consistently gone up. In an interview with PTI, he…
India observed its 77th Independence Day this year. This analysis measures India’s relative performance in the past 76 years compared to other countries across four parameters — GDP per capita, Human Development Index (HDI), Infant Mortality Rate (IMR) and women’s participation in Parliament. Owing to technological advancement and infrastructural development, India and other countries have…
Read More “Data | Measuring India’s relative progress in the past 76 years” »