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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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Public sector banks merger could help banking system: RBI Governor

Public sector banks merger could help banking system: RBI Governor

Tue, Apr 25, 2017

Patel said that divestment in public sector banks would have a positive role for the sector. "Divestment measures would improve overall banking sector health," he said.

GST to boost GDP growth by 4.2%, make products cheaper: US Fed paper

GST to boost GDP growth by 4.2%, make products cheaper: US Fed paper

Sun, Apr 23, 2017

"GST is expected to raise overall Indian welfare and is projected to be an inclusive policy in that it would be welfare improving for all Indian states," the paper dated March 24 said.

GDP numbers: Crisil blames divergent growth dataprints for WPI-CPI variance

GDP numbers: Crisil blames divergent growth dataprints for WPI-CPI variance

Thu, Mar 16, 2017

According to a report formulated by Crisil chief economist Dharmadikari Joshi and his team, "The main reason for the faster growth in manufacturing GDP is that growth in the value of inputs used for production has been slower than the value of the final output."

Jaipur, Surat will see a rise in household income to Rs 80,000 crore by 2018

Jaipur, Surat will see a rise in household income to Rs 80,000 crore by 2018

Thu, Mar 09, 2017

Both cities will cross the Rs 80,000 crore threshold within one to two years, with total consumption levels to reach 75%-80% of metros like Pune and Ahmedabad.

India's third quarter GDP growth surprises at 7%

India's third quarter GDP growth surprises at 7%

Tue, Feb 28, 2017

Analysts expected demonetisation to hit India's third quarter ended December 31, 2016 GDP growth hard but that has not been the case.

Economy to grow more than 7% next fiscal: Das

Economy to grow more than 7% next fiscal: Das

Sat, Feb 04, 2017

Drawing on Finance Minister Arun Jaitley's statements, the secretary said there will be transient impact of demonetisation on the economy, but it will not spill over to the next fiscal.

Union Budget 2017: To spend more on rural areas, infrastructure, poverty alleviation: Jaitley

Union Budget 2017: To spend more on rural areas, infrastructure, poverty alleviation: Jaitley

Wed, Feb 01, 2017

Arun Jailtey says that the Budget for 2017 will be with the approach has been to spend more on rural areas, infrastructure and poverty alleviation.

Union Budget 2017: Expect reduction in corporate, personal tax levels

Union Budget 2017: Expect reduction in corporate, personal tax levels

Wed, Feb 01, 2017

There could also be a hike in the service tax rates to get get it in alignment with the GST rates.

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.

GDP growth for FY18 projected at 6.75-7.5% post demonetisation: Economic Survey 2017

GDP growth for FY18 projected at 6.75-7.5% post demonetisation: Economic Survey 2017

Tue, Jan 31, 2017

The cash squeeze in the meantime will have significant implications for GDP, reducing 2016-17 growth by ¼ to ½ percentage points compared to the baseline of 7%, the Economic Survey said.

RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML

RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML

Wed, Jan 18, 2017

The Reserve Bank of India (RBI) is expected to go in for a 25 basis points (bps) rate cut at its next monetary policy meet on February 8 -- as also in April -- says a Bank of America Merrill Lynch (BofA-ML) report.

India's contribution to world GDP to rise 17% this year: PwC

India's contribution to world GDP to rise 17% this year: PwC

Thu, Jan 12, 2017

The spotlight will shift away from China to India and Indonesia as they become the powerhouses of growth in the world.

India to see lower GDP growth for two quarters on cash crunch: HSBC

India to see lower GDP growth for two quarters on cash crunch: HSBC

Thu, Jan 12, 2017

India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.

Demonetisation: Short term pain may outweigh Indian economy's long term gains

Demonetisation: Short term pain may outweigh Indian economy's long term gains

Wed, Jan 11, 2017

Dan Martin, Senior Analysts of Fitch Ratings said, “The impact on the economy will increase the longer the disruption continues, but Fitch has already revised India's GDP growth forecast for FY17 to 6.9% from 7.4%.”

HSBC pegs India's GDP growth at 6.3% in 2016-17 on note ban pains

HSBC pegs India's GDP growth at 6.3% in 2016-17 on note ban pains

Mon, Jan 09, 2017

Foreign brokerage HSBC on Monday projected sharply lower growth numbers for the year at 6.3%, way lower than the official CSO estimate of 7.1% for 2016-17.

Demonetisation just a bump; India to maintain 7% GDP growth: Cisco

Demonetisation just a bump; India to maintain 7% GDP growth: Cisco

Mon, Jan 09, 2017

Describing demonetisation as only a "bump", Cisco Executive Chairman John Chambers on Monday said India is well-positioned to maintain gross domestic product (GDP) growth rate of over 7% for the next few years and it should be a "top ally" for the US in the Asia Pacific region.

Per capita income of Indians to cross Rs 1 lakh in FY17

Per capita income of Indians to cross Rs 1 lakh in FY17

Sat, Jan 07, 2017

As per the 'First Advance Estimates of National Income, 2016-17' released by the Central Statistics Office (CSO), the per capita net national income during 2016-17 is "estimated to be Rs 103,007" at current prices.

Demonetisation may pull down India's near-term economic growth

Demonetisation may pull down India's near-term economic growth

Fri, Jan 06, 2017

With India's GDP growth expected to slow down to 7.1% during 2016-17 from 7.6% in the previous fiscal, India Inc on Friday said further downward risks to growth prevail as demonetisation may pull down economic growth in the next one or two quarters.

GDP may slump to 5% in Dec quarter, says HSBC

GDP may slump to 5% in Dec quarter, says HSBC

Thu, Jan 05, 2017

"We expect GDP to grow 5.0% in the October- December quarter and 6.0% in the January-March quarter, about 2 percentage points lower than we had expected before the demonetisation was announced," HSBC said in a research note.

Bank deposits soar but no sight for lending uptick

Bank deposits soar but no sight for lending uptick

Mon, Dec 12, 2016

Nitin Aggarwal, Renish Patel analysts of Antique Stock Broking Limited said, " We expect credit growth to remain in single digit for FY17 (10% y-y growth in FY16) as capex cycle remains subdued while the demonetisation activity may further put pressure on industrial demand in the near term."

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