Tag: Indian economy

Fiscal deficit at 46.5% of full-year target at October-end: Govt data

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Fiscal deficit at 46.5% of full-year target at October-end: Govt data

The Centre’s fiscal deficit at the end of the first seven months of financial year 2024-25 touched 46.5% of the full-year target, government data showed on Friday (November 29, 2024). In absolute terms, the fiscal deficit — the gap between Government’s expenditure and revenue — was at ₹7,50,824 crore during April-October period, according to data…

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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

S&P cuts India’s GDP growth forecast for FY26, FY27

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S&P cuts India’s GDP growth forecast for FY26, FY27

Image used for representative purpose only | Photo Credit: Getty Images/iStockphoto S&P Global Ratings on Monday (November 25, 2024) revised down its estimate for India’s economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after…

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India drops two places but remains among top 10 climate performers: Report

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India drops two places but remains among top 10 climate performers: Report

India ranked 10th on a list of over 60 countries assessed for efforts to fight climate change despite dropping two spots compared to last ago, thanks to its low per capita emissions and rapid deployment of renewables, a report said on Wednesday (November 20, 2024). The Climate Change Performance Index (CCPI 2025) report, released at…

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Indian Economy In “Sweet Spot”, Says Moody’s, Forecasts 7.2% Growth In 2024

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Indian Economy In “Sweet Spot”, Says Moody’s, Forecasts 7.2% Growth In 2024

Moody’s said household consumption in India is poised to grow (Representational) New Delhi: Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody’s Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro…

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Nation

Finance Ministry flags softer urban demand, factory output

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Finance Ministry flags softer urban demand, factory output

Finance Ministry acknowledged emerging concerns of softening consumer sentiments and faltering demand, particularly in urban India, as well as a moderation in industrial momentum in recent months, even as it maintained that the economy will grow between 6.5% and 7% through 2024-25. The Finance Ministry on Monday (October 28, 2024) acknowledged emerging concerns of softening…

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India scraps export tax on parboiled rice to boost exports

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India scraps export tax on parboiled rice to boost exports

Representational image of rice grains being winnowed at a paddy field in Kerala. India has revoked the export duty on parboiled rice | Photo Credit: K.K. Mustafah The Union Government has scrapped the export tax on parboiled rice, it said in an official order on Tuesday (October 22, 2024), as inventories across India — the…

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Nirmala Sitharaman Says Biggest Challenge Before Indian Economy Is Employability

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Nirmala Sitharaman Says Biggest Challenge Before Indian Economy Is Employability

Nirmala Sitharaman said digitalisation of Indian economy has allowed government to formalise the economy New York: In a fireside chat on India’s decadal economic reforms and continued economic growth in New York, Union Finance Minister Nirmala Sitharaman on Monday (local time) said that the biggest challenge before India is employability. Answering a question on how…

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Nation

India plays crucial geopolitical role from American standpoint: USISPF president Mukesh Aghi

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India plays crucial geopolitical role from American standpoint: USISPF president Mukesh Aghi

U.S. India Strategic and Partnership Forum president Mukesh Aghi during an interview with PTI, in Washington, in the U.S. File | Photo Credit: PTI “India plays a pivotal role geopolitically from an American perspective and offers the U.S. companies the opportunity to de-risk from China in the manufacturing sector,” the head of a top India-centric…

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Business

India To Become Third-Largest Economy By 2030: Report

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India To Become Third-Largest Economy By 2030: Report

Mumbai: India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected on Thursday. The country has emerged as the fastest-growing large economy at an 8.2 per cent growth rate in FY24, significantly exceeding the government’s…

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