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GDP growth

Union Budget 2025: How the Indian government earns its money

Union Budget 2025: How the Indian government earns its money

Wed, Jan 08, 2025

Union Budget 2025: In a diverse country like India, the Union Budget holds immense significance. From the common man to prominent business leaders, everyone closely watches it. A budget in India directly impacts the lives of millions across various social and economic backgrounds. Thus, creating a budget requires meticulous planning, attention to detail, and the processing of vast amounts of data to address the nation’s needs effectively. But have you ever thought where Government of India generates revenue from?

Economy to improve in coming quarters, lower Q2 growth a temporary blip: Nirmala Sitharaman

Economy to improve in coming quarters, lower Q2 growth a temporary blip: Nirmala Sitharaman

Tue, Dec 17, 2024

India continues to be the fastest-growing major economy in the world, Finance Minister Nirmala Sitharaman said, adding that the credit goes to the people of India who are struggling and meeting their aspirations, thereby, contributing to the economy.

RBI revises FY25 GDP forecast to 6.6% from 7.2%, says growth may gain momentum from now on

RBI revises FY25 GDP forecast to 6.6% from 7.2%, says growth may gain momentum from now on

Fri, Dec 06, 2024

The RBI lowered its GDP forecast for the current financial year. The central bank now expects the economy to finish the financial year with overall GDP growth of 6.6 per cent.

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Fitch flags high joblessness, rural distress due to GDP growth deceleration

Fitch flags high joblessness, rural distress due to GDP growth deceleration

Thu, Apr 04, 2019

The agency, which also affirmed the sovereign rating at BBB- with stable outlook, said the Reserve Bank will be on hold for the remainder of 2019 after Thursday's second consecutive 0.25 percent rate cut.

Fitch Ratings cuts India GDP growth forecast for FY20 to 6.8 per cent

Fitch Ratings cuts India GDP growth forecast for FY20 to 6.8 per cent

Fri, Mar 22, 2019

Fitch Ratings cut India's FY19 GDP growth forecast to 7.2 per cent from 7.8 per cent on December 6. The rating agency has also cut growth forecasts for FY20 and FY21 to 7 per cent from 7.3 per cent and 7.1 per cent from 7.3 per cent, respectively.

Nomura sees GDP slowing to 6.6% in H1 on polls,global slowdown

Nomura sees GDP slowing to 6.6% in H1 on polls,global slowdown

Fri, Jan 25, 2019

The brokerage said it estimates that global GDP growth will slow to around 2.8 percent in 2019 from 3.2 percent in 2018, led by a slow down in China and the US and the Euro area moderating towards their long-term trends.

India a $5 tn economy by 2025: This is how to do it?

India a $5 tn economy by 2025: This is how to do it?

Thu, Jan 17, 2019

The report identified specific policy recommendations for the three sectors. For the agri sector, it has suggested encouraging public and private investments to develop infrastructure like cold chains; special attention for north-eastern, eastern and rain-fed states for augmenting scope of access to institutional credit; and rationalisation and targeting of input subsidies towards small and marginal farmers.

India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank

India's GDP expected to grow at 7.3 per cent in 2018-19: World Bank

Wed, Jan 09, 2019

In 2018, the Chinese economy is estimated to have grown by 6.5 per cent as against India's 7.3 per cent. In 2017, China with 6.9 per cent growth was marginally ahead of India's 6.7 per cent, mainly because the slowdown in the Indian economy due to demonetisation and implementation of the Goods and Services Tax (GST), the report said.

Indian economy gets Agriculture, Manufacturing push ahead of general elections to grow at 7.2% in FY19: What CSO data says

Indian economy gets Agriculture, Manufacturing push ahead of general elections to grow at 7.2% in FY19: What CSO data says

Tue, Jan 08, 2019

The latest Central Statistics Office (CSO) data on Indian economy has brought cheers for the Narendra Modi government, which is facing odds on several fronts in the wake of recent debacle in assembly elections.

GDP to grow at 7.4% next fiscal, rupee at 69 per dollar by March 2019: ICICI Bank

GDP to grow at 7.4% next fiscal, rupee at 69 per dollar by March 2019: ICICI Bank

Fri, Dec 21, 2018

ICICI Bank today said it expects the economy to grow at 7.4 per cent in next fiscal year 2019-2020, supported by ongoing recovery in investment growth.

Fitch Ratings lowers India's FY19 growth forecast to 7.2%

Fitch Ratings lowers India's FY19 growth forecast to 7.2%

Fri, Dec 07, 2018

"We have lowered our growth forecasts on weaker-than-expected momentum in the data, higher financing costs and reduced credit availability," the agency said in its Global Economic Outlook for December.

India's GDP growth in Q2 slows down to 7.1 pct from 8.2 pct in Q1

India's GDP growth in Q2 slows down to 7.1 pct from 8.2 pct in Q1

Fri, Nov 30, 2018

India`s $2.6 trillion economy, Asia`s third largest, grew 6.3 percent in the July-September quarter of 2017, the data released by the statistics ministry showed.

GDP growth in India may ease to 7.2% in July-Sept on sluggish economy: Icra

GDP growth in India may ease to 7.2% in July-Sept on sluggish economy: Icra

Wed, Nov 21, 2018

The dip in the growth number will be largely on account of a pull down from industry where growth is expected to slow down to 7.1 per cent in the September quarter as compared to 10.3 per cent in June and the farm sector, which may slow down to 3.5 per cent from 5.3 per cent, domestic rating agency Icra said in a report.

Economy at $5 tn? PM Modi sets mission impossible target?

Economy at $5 tn? PM Modi sets mission impossible target?

Fri, Sep 28, 2018

Though the Indian economy clocked an 8.2% GDP growth in the first quarter of this fiscal, many economists have forecast a slowdown in the second of half of this year in the wake of the global slowdown, trade war, strained fiscal and current account deficits, falling rupee and inflationary pressure.

Stock markets in overvalued territory; 5 macro risks escalating: Ambit Capital

Stock markets in overvalued territory; 5 macro risks escalating: Ambit Capital

Tue, Aug 28, 2018

"Even as the Sensex's valuations clearly seem to be benefitting from record investor optimism, it is worth noting that with the exception of India's GDP growth, several macro variables are precariously poised," Ambit Capital said in a research note.

India is world's 6th largest economy; this is whom it beat

India is world's 6th largest economy; this is whom it beat

Thu, Jul 12, 2018

Good news! World Bank data says India has emerged as the world's 6th largest economy and that too in 2017, beating France and likely to go past the United Kingdom, which is at the fifth position right now. Let us look at other facts based on an analysis of data compiled by the World Bank.

Arun Jaitley lauds GDP growth at 7.7 pct, says job creation is on track

Arun Jaitley lauds GDP growth at 7.7 pct, says job creation is on track

Mon, Jun 18, 2018

"The fourth quarter result of GDP data showed a phenomenal 7.7 per cent growth rate and has established India firmly as the fastest growing global economy. This trend, according to experts, is likely to continue for the next few years, he wrote.

India will achieve 10% GDP growth by Q4 of fiscal: Piyush Goyal

India will achieve 10% GDP growth by Q4 of fiscal: Piyush Goyal

Mon, Jun 18, 2018

"I see double digit growth happening by the fourth quarter of this year. There is a demand optic in the country and this growth will be driven by a society that has become very aspirational," he said.

After 7.7% Q4 GDP jump, Centre retains 7.5% FY19 growth projection; here is why

After 7.7% Q4 GDP jump, Centre retains 7.5% FY19 growth projection; here is why

Thu, May 31, 2018

Saying that the GDP data indicated a turnaround in manufacturing and construction activity, Economic Affairs Secretary Subhash Chandra Garg told reporters, "I don't think we are revising our forecast for the current year 2018-19 which was indicated at 7.5 per cent. We retain it at this moment at this level. There has been some downward revision by Moody's and others taking oil prices into consideration, but there is no one to one relation between oil price and GDP growth."

Q4 GDP growth jumps 7.7%: From per capita income to agri, check out 10 key takeaways

Q4 GDP growth jumps 7.7%: From per capita income to agri, check out 10 key takeaways

Thu, May 31, 2018

"GDP at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered growth rate of 7.7 per cent as against 5.6 per cent , 6.3 per cent and 7 per cent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18. Rapid growth in agriculture (4.5 per cent), manufacturing (9.1 per cent) and construction sectors (11.5 per cent) contributed to the overall growth," the statement by Ministry of Statistics and Programme Implementation said.

What moved your economy: Check out Q4 GDP growth highlights

What moved your economy: Check out Q4 GDP growth highlights

Thu, May 31, 2018

GDP at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered growth rate of 7.7 per cent as against 5.6 percent, 6.3 percent and 7.0 percent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18.

Bangladesh likely to top India's per capita income by 2020

Bangladesh likely to top India's per capita income by 2020

Mon, May 28, 2018

In terms of economic growth and on social development indicators, Bangladesh has gone ahead of India. Bangladesh’s gross domestic product (at current prices) in dollar terms grew at a compounded annual rate (CAGR) of 12.9 per cent, more than twice of India's 5.6 per cent in the three years ending 2016.

Why Raghuram Rajan did not join Twitter revealed; find out

Why Raghuram Rajan did not join Twitter revealed; find out

Fri, Mar 23, 2018

Renowned economist Raghuram Rajan today said he has not joined microblogging site Twitter as he was not quick to respond to tweets in a few words in 30 seconds. "I don't have time. My sense is that in many of these things, once you start engaging, you have to be consistent..

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