Lockdown
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.
India Surpasses Germany and Britain in GDP (PPP) Growth: Report
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
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
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.
Indian Economy Set to Shine: Finance Ministry Projects 7% GDP Growth for FY'25"
The report highlights that the Indian economy is expected to grow by 7.3 percent in the current financial year, marking the third consecutive year of GDP growth exceeding 7 percent. Notably, the Ministry of Statistics and Programme Implementation's first advance estimates for FY24 project growth above 7 percent, leading several global agencies to revise their growth forecasts for India upwards.
India set to become world's third-largest economy by 2030: S&P
S&P envisions India achieving the 7% GDP growth milestone in 2026-27, positioning the country to become the third-largest global economy by 2030 and forecasting it as the fastest-growing major economy over the next three years.
RBI Bulletin Forecasts Accelerated GDP Growth for India in Q3 of 2023-24
The report indicates a sequential rise in India's GDP growth for the mentioned quarter, buoyed by sustained festival-related consumer demand.
Advertisement