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07 Jun 2024

Sensex Hits All-Time High, Nifty Up 2% As PM Modi Takes Oath

In the broader market, the BSE SmallCap rose by 2.16 per cent, while the BSE MidCap climbed by 1.20 per cent.

28 Mar 2024

Indian Economy Can Grow At 8% Till 2047, Says Subramanian

The growth rate in October-December helped take the estimate for the current fiscal to 7.6 percent.

29 Feb 2024

Fiscal Deficit At Jan-End Touches 63.6% Of Full-Year Target: Govt Data

This comprised Rs 18.8 lakh crore of tax revenue (net), Rs 3.38 lakh crore of non-tax revenue, and Rs 34,219 crore of non-debt capital receipts.

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.

02 Oct 2023

GST Collection Rises 10% To Over Rs 1.62 Lakh Crore In September

The revenue in September 2023 was 10 percent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement.

31 Aug 2023

India's GDP Growth Stands At 7.8% For First Quarter Of 2023-24

However, compared to the 6.1 percent growth recorded in the January-March period of 2022-23, the GDP growth for the first quarter of 2023-24 was higher at 7.8 percent.

22 Jun 2023

Fitch Hikes India's GDP Forecast To 6.3% For Current Fiscal

Fitch further said that GDP growth in January-March was higher than expected, saying there has been a recovery in manufacturing after two consecutive quarterly contractions, a boost from construction, and an increase in farm output.

Reserve Bank of India

27 May 2022

RBI releases Annual Report 2021-22: Check 6 important points

Structural reforms will be important to deal with the pandemic's after-effects, said RBI. RBI's Monetary Policy Committee had revised downwards real GDP growth for 2022-23 to 7.2 per cent in its April resolution. Supply-side policy interventions could provide some offset.

Gross domestic product

30 Mar 2022

India Ratings cuts GDP growth forecast to 7 per cent for 2022-23

Ind-Ra has created two scenarios with respect to the FY23 economic outlook basis certain assumptions. The government Capex, however, is unlikely to be dented. Retail prices of petrol and diesel were on hold since early-November 2021.

28 Feb 2022

India's GDP growth slows to 5.4 per cent in Q3

The growth in GDP during 2021-22 is estimated at 8.9 per cent as compared to a contraction of 6.6 per cent in 2020-21. Nominal GDP or GDP at Current Prices in the year 2021-22 is estimated to attain a level of Rs 236.44 lakh crore, as against Rs 198.01 lakh crore in 2020-21.

02 Feb 2022

GDP expected to grow 7.8% in FY23: Crisil Report

The agency said global growth is expected to slow this year as major economies see a withdrawal of monetary and fiscal stimulus. The agency expects the nominal growth to come at 12-13 per cent. Crisil said that frontloading infrastructure spending could bring about faster growth.

31 Jan 2022

Indian economy contracts by 6.6% in 2020-21

As per the provisional estimates released in May 2021, the GDP had contracted by 7.3 per cent in 2020-21.

09 Dec 2021

Indian economy likely to grow 9% next fiscal: Credit Suisse

For FY22, the Swiss brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent. Credit Suisse does not provide absolute growth numbers in its forecast. On the domestic front, the macroeconomic backdrop is supportive too.

31 Aug 2021

India's GDP grows 20.1% in April-June quarter

The gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21. The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year.

31 May 2021

Indian economy contracts 7.3%, Q4 GDP grows 1.6%

In the first quarter, the Indian economy contracted 24.4 percent due to COVID-19 forced lockdown, and that heavily affected the manufacturing of essential goods and provision of essential services. With ease in lockdown from June 8, the scenario remained bleak as several service sector industries were shut down.

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.

28 Feb 2020

India's GDP grows at 4.7 per cent in 2019-20 October-December quarter

India registered an economic growth rate of 4.7 per cent in the October-December quarter (Q3) of financial year 2019-2020, according to the data released by the government on Friday (February 28, 2020). In the second quarter of the 2019-2020 finacial year India's Gross Domestic Product (GDP) growth rate was 5.5 per cent.

Gross domestic product

07 Jan 2020

GDP estimated to grow at 5% in 2019-20: Government data

India's Gross Domestic Product (GDP) is estimated to register a growth of 5 per cent in 2019-20 as against 6.8 per cent in the previous fiscal, according to government data released on Tuesday (January 7).

Gross domestic product

02 Dec 2019

GDP not a gospel truth, will not remain very useful in future, says BJP MP

BJP MP Nishikant Dubey said in Lok Sabha that instead of focusing on GDP, which is not going to remain useful in future, we should concentrate on sustainable economic welfare of citizens.

22 Nov 2017

China's growth miracle has run out of steam, says expert

Gross Domestic Product (GDP) growth must not be seen as an indicator of China's underlying economic performance, a Beijing-based economic theorist and financial strategist has said.

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