INDIA ECONOMIC GROWTH
India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P India could receive a sovereign rating upgrade in the next 24 months if the central government manages its finances prudently and reduces the fiscal deficit to 4% of GDP. The trigger for the upgrade would be a general government deficit falling belo...
03 Jul, 2024, 05.12 PM ISTPoverty in India declines to 8.5% from 21.2% in 2011-12: NCAER paper Poverty in India declined from 21.2% in 2011-12 to 8.5% in 2022-24, despite pandemic challenges, according to NCAER's report "Rethinking Social Safety Nets in a Changing Society." Using data from the India Human Development Survey, the study highlig...
03 Jul, 2024, 04.14 PM ISTWomen in India face a jobs crisis. Are factories the solution? As international brands limit their dependence on China by shifting some manufacturing to India, the trend holds the potential to generate significant numbers of manufacturing jobs - especially for women, who have largely been excluded from the rank...
03 Jul, 2024, 08.17 AM IST- ADVERTISEMENT
Maharashtra's economic survey 2023-24: Shinde government spurs robust growth and recovery The economic survey of Maharashtra for 2023-24 revealed a positive economic outlook under the Shinde government compared to the previous Maha Vikas Aghadi administration. The survey showcased growth in GSDP, FDI, and entrepreneurship. Maharashtra's ...
30 Jun, 2024, 02.03 PM ISTIndia likely to grow at 7.5% in FY25: NCAER The National Council of Applied Economic Research (NCAER) forecasts India's FY25 GDP growth at about 7.5%, driven by strong economic activity. NCAER's Director General, Poonam Gupta, highlighted buoyancy in the first quarter, robust investment polic...
26 Jun, 2024, 03.44 PM ISTFitch raises FY25 India GDP growth forecast to 7.2 per cent In its Global Economic Outlook (GEO) released Monday, it raised its forecast for world growth in 2024 to 2.6% from 2.4% estimated earlier. India's economy grew 8.2% in FY24. "We expect the Indian economy to expand by a strong 7.2% in FY25 (an upward...
19 Jun, 2024, 01.07 AM ISTIndia's world-beating growth pace to continue, says RBI Governor Shaktikanta Das "In the first three quarters of 2023-24, the current account deficit was 1.2% (of GDP)," Das said. "Our teams are working on the fourth quarter numbers. They look to be even lower, and when you look at the annual current account deficit number, I wi...
19 Jun, 2024, 12.30 AM ISTAsian earnings growth to outpace US and Europe, India's growth momentum strong: Report The analysis by CLSA, citing Bloomberg's projections, forecasts that Asian earnings growth will surpass that of the US and Europe for both this year and the next. This positive outlook is in line with the Reserve Bank of India's (RBI) prediction of ...
08 Jun, 2024, 11.30 AM ISTRBI MPC meeting: India’s FY25 GDP forecast raised to 7.2% from 7% The Reserve Bank of India (RBI) raised the FY25 real GDP growth forecast to 7.2% from 7% due to improved rural and urban demand, bolstered by monsoon predictions. The Monetary Policy Committee kept the benchmark rate at 6.25%, noting domestic econom...
07 Jun, 2024, 12.12 PM ISTIndia’s GDP growth under Modi govt fetched it global fame, but why did it leave the desi electorate unimpressed? Despite an 8.2% economic growth in 2023-24, India’s incumbent government didn't gain the expected electoral advantage due to a jobs crisis. While GDP rebounded swiftly post-Covid, formal job growth lagged. A rise in self-employment highlights insuff...
05 Jun, 2024, 05.16 PM ISTEconomy expands 7.8% in Q4, lifting FY24 growth to 8.2% This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and ...
01 Jun, 2024, 05.30 AM ISTIndia's fiscal numbers, growth to be monitored for upgrade in next 24 months, says S&P "India's very fast growth rate is an extremely important factor in the ratings and supports our economic assessment. It's also giving us more confidence that, despite the elevated fiscal deficits, in comparison to peers, the debt level of the govern...
01 Jun, 2024, 01.09 AM ISTEconomists project continued economic momentum and stability after India reports robust GDP growth in Q4 India's economy experienced a 7.8% growth rate in the January-March quarter, surpassing expectations due to strong performance in the manufacturing sector. The GDP growth in the fourth quarter of FY24 was slightly lower than the revised 8.6% growth ...
31 May, 2024, 09.47 PM ISTIndia's GDP grows 7.8 per cent in Q4, FY24 growth pegged at 8.2 per cent India Q4 GDP: The analysts were anticipating a better-than-expected growth for the January to March quarter this time around. The Reserve Bank of India (RBI) estimated Q4FY24 real GDP growth to be 7 per cent while ET Poll suggested the growth rate ...
31 May, 2024, 07.15 PM ISTMoody's projects 6.8 per cent GDP expansion in 2024 on strong growth, post-election policy continuity Moody's Ratings projected India's growth at 6.8% in 2024, followed by 6.5% in 2025. The prediction was driven by economic expansion and post-election policy continuity. The real GDP grew by 7.7% in 2023, with strong government spending and manufactu...
31 May, 2024, 05.36 PM ISTIndia's plan of becoming the fastest-growing G20 nation may hinge on the weather India's precarious balance between human ingenuity and environmental fragility is under threat as record-breaking temperatures and extreme weather events amplify the challenges faced by its vast population. The path to prosperity is hindered by clim...
31 May, 2024, 11.24 AM ISTIndia’s near-8% growth gives Modi a boost as elections end India is expected to report close to 8% economic growth for the fiscal year ending in March, boosting Prime Minister Modi’s government as elections conclude. The growth in the first three months is predicted to be 7%, with the full year reaching 7.9...
31 May, 2024, 07.17 AM ISTIndia's growth set to get more broad-based, says Morgan Stanley; pegs 6.8% for 2024 India's strong growth, driven by consumer and business spending, is expected to become more broad-based, according to Morgan Stanley. The global investment bank forecasts 6.8% growth in 2024, attributing it to global offshoring, digitalization, and ...
30 May, 2024, 09.51 AM ISTIndian economy likely grew at weakest pace in a year in Jan-March, says Reuters poll India's economy likely experienced its slowest growth in a year during the January-March quarter, attributed to weak domestic demand, according to a Reuters poll of economists. This follows a surprising 8.4% GDP growth in the October-December quarte...
27 May, 2024, 11.03 AM ISTIndia seen to emerge as an economic superpower in impending problem-ridden global financial landscape Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and red...
25 May, 2024, 09.46 PM IST