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GDP growth News

24 Nov 2024

Goldman Sachs Projects India's GDP Growth At 6.3 Per Cent In 2025

Goldman Sachs forecast India's headline inflation at 4.2 per cent (average) in 2025 with food inflation at 4.6 per cent.

18 Oct 2024

Average GDP Growth For 21 Indian States Projected At 11.2% In FY25: NSE Study

Punjab, Kerala, Himachal Pradesh, and Tamil Nadu have allocated over 35 per cent of their revenue receipts to committed expenditure in FY25.

India's power sector

08 Sep 2024

India's Power Sector To Rise 2.2 Times To USD 280 Bn By FY30: Report

The American firm noted that the power intensity will be essential to sustain the economy's growth, as the GDP is expanding at a rapid pace.

Reserve Bank of India

30 May 2024

RBI Sees Real GDP Growth At 7% In FY25

The economy, it said, showed resilience in FY24 despite persistent headwinds.

23 Apr 2024

RBI Sees India's GDP Growth Trend Surging Past 7%

It also points out that the global growth momentum has been sustained in the first quarter of 2024 and the outlook for global trade is turning positive.

Indian Stock market

31 Mar 2024

Small Cap Stocks Surged 63 Pc In FY24

The number of trading accounts held by domestic investors reached 16.7 crore, underscoring increased market participation.

01 Mar 2024

know about India's fast growing economy

30 Nov 2023

India's Q2 GDP Data Released Today; Growth At 7.6% In Second Half Of FY24

The Indian economy is recognized as a positive standout on the global stage, demonstrating robust performance in the initial half of FY24, marked by a significant 7.8 percent year-on-year growth in GDP during Q1FY24.

30 Nov 2023

India's Q2 GDP data To Be Released Today; Economists See Growth Slowing

RBI Governor Shaktikanta Das had also said recently that the July-September growth rate could spring a positive surprise.

01 Jun 2023

On 7.2 GDP Growth, Minister Kiren Rijiju's 'Sadistic Pleasure Jibe' At Cong

"Now India has registered 7.2% growth in 2022-23 FY. Congress party should at least celebrate India's success even if they have problems with Prime Minister Narendra Modi Ji," Rijiju, the former law minister, said on Twitter.

29 Mar 2023

Indian Economy Likely To Grow At 6.5 % In Coming Decade: CEA

The Asia's third-largest economy recorded year-on-year growth of 4.4 per cent in October-December, down from 11.2 per cent a year back and 6.3 per cent in the preceding quarter.

Moody's Investors Service

01 Mar 2023

Moody's Ups India's Growth Projection For 2023 To 5.5% On Higher Capex Budget

In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022.

23 Dec 2022

IMF projects 6.8 % growth in current fiscal for India - Check details

Projecting a growth rate of 6.8 per cent and 6.1 per cent in the current and the next fiscal respectively: IMF. These projections are much better than they have been projecting earlier, Nada, IMF's India Mission Chief, said. We are seeing the global economy slowing down next year.

06 Dec 2022

'Rare to see...': Anand Mahindra reacts to World Bank's India GDP forecast

Anand Mahindra said it's rare to see an upgrade in a GDP forecast these days. World Bank has revised India's GDP forecast upward to 6.9% for this fiscal. This is the first upgrade of India's growth forecast by any international agency amid the global turmoil.

06 Dec 2022

India may emerge fastest growing emerging markets in current fiscal: Fitch

World Bank today said that the Indian government is on track to meet its fiscal deficit target of 6.4% of the GDP for 2022-23. Fitch Ratings retained the economic growth forecast for India at 7% for the current fiscal. World Bank also expressed optimism that India's real GDP would grow at 6.9% in the current fiscal.

06 Dec 2022

World Bank revises upwards India's GDP growth forecast to 6.9 percent for FY23

The World Bank revised upwards its GDP growth forecast for India. The World Bank revises to 6.9 percent for 2022-23. In October, it cut India's GDP growth forecast to 6.5 percent from 7.5 percent earlier.

30 Nov 2022

India registers 6.3% slow GDP growth for Q2: Govt data

India’s Q2 Gross Domestic Product (GDP) for the July-September period of the current financial year is 6.3%. GDP is derived as the sum of the gross value added (GVA) at basic prices, plus all taxes on products, less all subsidies on products. The government will release quarterly GDP estimates for the quarter October-December, 2022 (Q3 2022-23) on February 28, 2023.

28 Nov 2022

GDP may print at 5.8 percent in Q2 as manufacturing weakens: SBI Research

SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates. SBI Research cited a weak manufacturing sector coupled with the steep margin compression for lower forecast. The government will release the official numbers on November 30.

07 Oct 2022

World Bank cuts India's GDP growth forecast to 6.5% for current fiscal year

World Bank cuts India's GDP forecast to 6.5% for current fiscal year. Earlier, it projected 7.5% GDP growth in Indian economy. RBI also cut economic growth projection to 7% for 2022-23.

Oxford Economics

26 Apr 2021

India's 2021 GDP growth forecast to come down to 10.2%: Oxford Economics

The global forecasting firm added it expects GDP to contract sequentially in the second quarter. Oxford Economics said India's health system has collapsed in the worst-hit states, with even the national capital Delhi facing an acute shortage of oxygen and COVID-19 hospital beds. In its last policy review, the RBI had projected a GDP growth rate of 10.5 percent for FY'22.

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