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The government is considering changing the base year for computation of the GDP to 2022-23 in February 2026 to reflect an accurate picture of the economy, a top Government official said. This will be the first revision in over a decade. It was last done in 2011-12. Also read: India’s real GDP growth slumps to…
Representational image only. File | Photo Credit: Reuters “India’s real Gross Domestic Product (GDP) growth slumped to a multi-quarter low of 5.4% in the July to September 2024 quarter (Q2 of 2024-25), from a five-quarter nadir of 6.7% in Q1, with Gross Value Added (GVA) growth slowing to 5.8% from 6.8% in Q1,” as per…
Read More “India’s real GDP growth slumps to multi-quarter low of 5.4%” »
GDP: Growth in Asia’s third-largest economy had been well above 7 per cent during previous quarters. India’s gross domestic product slowed to a quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, shows government data. Growth in Asia’s…
Read More “GDP Grows By 6.7% In April-June vs 7.8% In Jan-March, Lowest In 5 Quarters” »
Arvind Virmani, NITI Ayog member. File | Photo Credit: Special arrangement “The Indian economy will grow around 7% in the current fiscal year and is on track to maintain a similar growth rate for several years,” NITI Aayog member Arvind Virmani said on July 12. Mr. Virmani said there are new challenges facing the country…
Read More “India to clock GDP growth of 7% in FY25: NITI Aayog member Arvind Virmani” »
The problem of high food inflation will be “less severe” in India going ahead, as modern supply chains with diversified sources can help quickly address sudden spikes in prices of specific food items, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on April 25. Stressing that the share of food in the household budget…
Pressure on food prices has been interrupting India’s ongoing disinflation process (Representational) New Delhi: Morgan Stanley is firm on India’s growth outlook, given the support it is getting from domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook. Against that backdrop, it expects India’s GDP growth…
Read More “Strong Domestic Demand Supporting India’s Growth: Morgan Stanley” »
UN Trade and Development (UNCTAD) in its report released on Tuesday said that India grew by 6.7% in 2023 and is expected to expand by 6.5% in 2024, continuing to be the fastest-growing major economy in the world. | Photo Credit: REUTERS India’s economy is projected to grow by 6.5% in 2024, according to a…
Read More “Indian economy projected to grow 6.5% in 2024: UNCTAD” »
Moody’s corporate headquarters in New York. File | Photo Credit: Reuters Moody’s Analytics on April 12 projected India’s economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. It said output in India remains 4% lower than it would have been without the COVID pandemic and its various aftershocks — from supply…
Read More “India’s GDP to grow 6.1% in 2024: Moody’s Analytics” »
India’s GDP data for the Jan-March quarter is due to be released on May 31. (File) India’s gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday. The economy is expected to show the same rate of year-on-year expansion…
Read More “India’s GDP Set To Grow 8% Or More In Fourth Quarter: Nirmala Sitharaman” »
Maitreesh Ghatak, London School of Economics speaking at the pre-event session of 64th conference of Indian Society of Labour Economics on ’Growing apart? Growth, poverty and inequality in post-liberalisation India’, held at University of Hyderabad on March 28, 2024. | Photo Credit: Serish Nanisetti The train engine is moving fast, the coaches nearest to it…
Read More “Economist underlines snail-paced growth of India’s per capita GDP” »