India GDP
India to Lead Global Growth with 6.7% GDP Increase Over Next Three Years: World Bank
In its 'Global Economic Prospects' report, the World Bank kept the growth forecast for India at 6.6% for FY25 and said the nation will remain the fastest among world majors but the pace of expansion might ease a bit. "After the high growth rate of FY 2023/24, the trend growth for the three years from FY 2024/25 is projected to be 6.7 percent on an average," said a report released by the bank.
India has a substantially lower debt-to-GDP ratio than the US, Japan, France, and the UK, Sitharaman
This is very low compared to countries such as Japan, Italy, the USA, France, and the UK. These countries have much higher levels of debt. Besides, Sitharaman pointed out that the growing concern about the rising sovereign default risks in the world, where almost 60 countries were at high debt levels by 2022, from 22 in 2011.
Strong Potential for 8% GDP Growth in FY24, Says CEA
During the third quarter ending December 2023, India's gross domestic product (GDP) expanded by 8.4 percent. Preceding this, the GDP growth rates were 7.6 percent in the second quarter and 7.8 percent in the first quarter of the fiscal year.
India's Per Capita GDP Surges Ahead, Defying Pre-2014 Decline Against Peers
Intriguingly, India's GDP growth has impacted not only per capita income, an indicator of one's living standard, but has also gone ahead to add an increase to India's per capita GDP. For instance, the per capita GDP for India in 2004 was US$ 635, being 35 percent of the average US$ 1,790 per capita GDP of 150 emerging market and developing economies, including its peers, China, Russia, and Brazil.
RBI Forecasts India's GDP Growth Exceeding 7 Percent
The bulletin underscores the favorable conditions paving the way for a sustained upward trajectory in India's real GDP growth. This optimistic outlook is underpinned by robust investment demand and a buoyant atmosphere among businesses and consumers alike.
India's Potential: Sustainable 7% Growth Within Reach, Asserts RBI MPC Representative Shashanka Bhide
For the fiscal year 2023-24, the economy is poised to grow at nearly 8 percent, driven by robust performances in the manufacturing and infrastructure sectors.
February Sees 6.7% Growth in India's Core Sector Industries
These eight core industries collectively hold a significant weight of 40.27 percent in the Index of Industrial Production (IIP), offering a reliable glimpse into the overall industrial growth trajectory.
India can push growth close to 9 pc by implementing a few more reforms in next 5 years: Panagariya's Vision
Speaking at the Times Now Summit, Panagariya highlighted India's open economy and predicted sustained rapid growth over the next few decades. The recent third-quarter GDP growth of 8.4 percent surpassed expectations, indicating the country's economic resilience.
India's 2025 GDP Growth Estimate Upgraded to 6.8% by Morgan Stanley
The firm elaborated on its revised projections, stating, "We anticipate a year-on-year GDP growth of 6.8 percent in fiscal year 2025, marking a 30 basis points increase from our earlier projection of 6.5 percent, driven by the continued traction in industrial and capital expenditure activities. Furthermore, on a calendar year basis, we foresee a growth rate of 6.8 percent in 2024, up from the previous estimate of 6.4 percent."
India's Current Account Deficit Shrinks to USD 10.5 Billion, Accounting for 1.2% of GDP in Q4 2023
Throughout the fiscal year's initial nine months, the CAD has demonstrated moderation, declining to 1.2 per cent of GDP from 2.6 per cent in the corresponding period the previous year. This positive development is attributed to a decrease in the merchandise trade deficit, according to the RBI.
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