INDIAS GDP GROWTH
India's economic growth masks deepening income inequality & sectoral disparities The Indian economy is experiencing robust GDP growth, macroeconomic stability, and significant foreign capital inflows. However, there is a stark disparity in growth rates between the top 20% and the rest of the population. Despite a GDP growth rate...
12 Jul, 2024, 01.19 PM ISTIndia to clock GDP growth of 7% in FY25: NITI Aayog member Arvind Virmani NITI Aayog member Arvind Virmani predicts India's economy will grow around 7 per cent this fiscal year and maintain this rate for years, despite facing new challenges. The Reserve Bank of India forecasts a 7.2 per cent GDP growth rate for FY25. Virm...
12 Jul, 2024, 10.48 AM ISTUnion Budget 2024-25: Extension of concessional tax regime for India’s manufacturing sector BUDGET EXPECTATIONS: India's upcoming Union Budget for FY 2024-25 is anticipated to extend the 15% concessional tax rate for new manufacturing companies, boosting investor confidence in the sector. This measure aligns with India's "Make in India" in...
11 Jul, 2024, 05.10 PM IST
Union Budget 2024 will likely focus on women, middle-class and agri sector BUDGET EXPECTATIONS: Narendra Modi's third-term Budget, slated for July 23, focuses on leveraging revenue growth and RBI dividends for infrastructure and targeted sectors. The session will also introduce non-legislative reforms. The Economic Survey ...
07 Jul, 2024, 12.09 PM ISTMt 100 Kanchenjunga well within sight FPIs have driven Sensex above 80,000, capitalizing on 7.2% GDP growth projections and fiscal prudence. The brief pullout is seen as temporary. Large caps gain focus amid rising valuations. Policy continuity, budget reforms, ministry formation, and p...
04 Jul, 2024, 10.29 PM ISTBritain’s economy isn’t seeing growth anywhere near India’s 7% GDP rise — this has caused fewer differences between the Conservatives and Labour: Jaideep Prabhu The UK election landscape is marked by economic uncertainties post-Brexit, minimal policy distinctions between parties, and environmental concerns driving voter engagement. Influential figures like Farage, Johnson, and Sunak shape political narrativ...
04 Jul, 2024, 08.57 AM ISTEconomy on strong wicket after fiscal first quarter India's economy showed strong first-quarter performance with surging manufacturing activity, robust GST collections, and record-high Sensex, alongside a rise in passenger car sales and new export orders from overseas markets, as highlighted by indus...
02 Jul, 2024, 06.00 AM ISTBudget 2024: A look at India’s GDP growth rate before Sitharaman sets the ball rolling in Lok Sabha Budget 2024 GDP | Finance Minister Nirmala Sitharaman is preparing to unveil Union Budget 2024 in July, underlining India's robust GDP growth. With GDP climbing to 7.8% in Q4 FY24 and an estimated 8.2% for FY24, policies will focus on sustaining gro...
01 Jul, 2024, 01.02 PM ISTIndian economy poised for potentially stable high growth phase, says RBI's monetary policy panel member RBI's monetary policy committee member Shashanka Bhide highlighted India's potential for stable high growth amidst significant risks, citing strong domestic demand, investment spending, and positive monsoon forecasts. He emphasised the importance of...
30 Jun, 2024, 11.28 AM ISTIndia's entry into JPMorgan Bond Index set to benefit real estate & manufacturing: Abhishek Banerjee Analyzing India's economic shifts from surplus to GDP growth projections, Abhishek Banerjee says the focus lies on potential impacts on export sectors and bond markets, indicating promising growth opportunities in the economy. While India's increase...
28 Jun, 2024, 07.21 PM ISTIndia's GDP growth to slow modestly this fiscal year and next: Reuters poll28 Jun, 2024, 08.19 AM IST Fall in Household Financial Savings actually a worry The Reserve Bank of India has warned that household debt needs close monitoring due to a decline in overall household savings to 18.4% of GDP in FY2022-23, and an increasing trend in financial liabilities. The share of net financial savings in total...
27 Jun, 2024, 07.43 PM ISTRBI policy on expected lines, upgrading GDP growth estimate reposes confidence: Bankers Bankers welcomed the Reserve Bank of India's decision to maintain interest rates, as it was in line with expectations, with an upward revision of the growth estimate. The move, including the unchanged repo rate, was seen as positive for the economy....
08 Jun, 2024, 10.10 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 ISTLok Sabha Results: Coalition govt is back. Will policy paralysis too strike again? Over the past decade, Narendra Modi has propelled India's economy to become one of the fastest-growing globally, positioning it to soon rank as the world's third-largest. His emphasis on reforms and dynamic policies, exemplified by initiatives like ...
06 Jun, 2024, 03.27 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 ISTNew govt to inherit strong economy, focus on making India developed nation by 2047 India's record-breaking economic growth rate and strong tax revenues provide a foundation for future reforms aimed at transforming the country into a developed nation by 2047. The new government must address challenges such as unemployment and rural...
04 Jun, 2024, 04.45 PM ISTStrong growth, lower fiscal deficit may lead to India rating upgrade: Deutsche Bank A German brokerage predicts a possible sovereign rating upgrade for India due to strong growth and improved fiscal deficit targets. S&P recently upgraded India's sovereign rating outlook to 'positive'. The real GDP growth for India has been resilien...
03 Jun, 2024, 06.05 PM ISTTrailer of things to come: PM Modi on GDP figures India's Prime Minister Narendra Modi praised the country's high GDP growth in 2023-24, highlighting its robust momentum and the potential for further acceleration. The Q4 GDP growth data, which reached 7.8% in January-March, pushed the annual growth...
01 Jun, 2024, 12.18 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 IST