Tag: India GDP

India’s FDI Hits $1,000 Billion Since Turn Of Century. Biggest Investor Is…

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India’s FDI Hits ,000 Billion Since Turn Of Century. Biggest Investor Is…

New Delhi: This week India crossed a major milestone as a top global investment destination. Latest data reveals that Foreign Direct Investment into India crossed the thousand-billion-dollar mark since the turn of the century, showing how India has been the favoured destination for foreign investors. The data released by the Department for Promotion of Industry…

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World

India GDP calculation: Govt mulls change in base year to 2022-23 from 2011-12 for computation of GDP

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India GDP calculation: Govt mulls change in base year to 2022-23 from 2011-12 for computation of GDP

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…

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Business

India’s real GDP growth slumps to multi-quarter low of 5.4%

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India’s real GDP growth slumps to multi-quarter low of 5.4%

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…

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Business

GDP Grows By 6.7% In April-June vs 7.8% In Jan-March, Lowest In 5 Quarters

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GDP Grows By 6.7% In April-June vs 7.8% In Jan-March, Lowest In 5 Quarters

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…

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Nation

India to clock GDP growth of 7% in FY25: NITI Aayog member Arvind Virmani

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India to clock GDP growth of 7% in FY25: NITI Aayog member Arvind Virmani

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…

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Business

RBI MPC member Ashima Goyal: As India develops, problem of high food inflation will get less severe

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RBI MPC member Ashima Goyal: As India develops, problem of high food inflation will get less severe

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…

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Business

Strong Domestic Demand Supporting India’s Growth: Morgan Stanley

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Strong Domestic Demand Supporting India’s Growth: Morgan Stanley

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…

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Nation

India’s GDP to grow 6.1% in 2024: Moody’s Analytics

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India’s GDP to grow 6.1% in 2024: Moody’s Analytics

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…

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Business

India’s GDP Set To Grow 8% Or More In Fourth Quarter: Nirmala Sitharaman

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India’s GDP Set To Grow 8% Or More In Fourth Quarter: Nirmala Sitharaman

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…

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Nation