February Sees 6.7% Growth in India's Core Sector Industries
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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
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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
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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
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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.
India Surpasses Germany and Britain in GDP (PPP) Growth: Report
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According to findings from the Delhi-based nonprofit Social Policy Research Foundation (SPRF), as of 2024, India's economy, when measured by PPP, stands at 3.6 times that of the UK, 2.1 times that of Japan, and 2.5 times that of Germany. Notably, China had claimed the top spot in the rankings as of 2022.
RBI Governor Das Forecasts GDP Growth Near 8% for FY24
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According to the National Statistical Office (NSO), the October-December quarter is projected to witness growth of 8.4 percent. Furthermore, the NSO has revised its GDP estimates for the first and second quarters upward to 8.2 and 8.1 percent, respectively, from the earlier figures of 7.8 percent and 7.6 percent.
India's Projected Growth: 6.8% in FY'25, Eyes Upper Middle-Income Status by 2031
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Outlined in its India Outlook report, Crisil suggests that the Indian economy will derive momentum from both domestic structural reforms and cyclical factors, thereby potentially sustaining or even enhancing its growth trajectory to secure the position of the world's third-largest economy by 2031.
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