December 09, 2023 18:30 (IST)
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Karnataka HC grants bail to accused in Gauri Lankesh case | RBI keeps repo rate unchanged at 6.5%, raises FY24 growth forecast to 7% | India's Aditya-L1 Mission captures first-ever full-disk image of Sun | RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh | Former Telangana CM KCR suffers hip injury

RBI increases GDP growth forecast for FY24 to 7% amid geopolitical turmoil

Mumbai: The GDP growth projection for 2023-24 has been increased to 7%, from the previous estimate of 6.5%, Reserve Bank of India (RBI) Governor Shaktikanta Das said During the Monetary Policy Committee meeting announcements on Friday.

India to grow at 6.3% in FY24, likely to slowdown to 6.1% in FY25: OECD

New Delhi: The Organization for Economic Cooperation and Development (OECD) Wednesday maintained its forecast for India's growth at 6.3 percent for the fiscal year 2024.

India set to become third-largest economy by 2030 with GDP of over $7 trillion: S&P Global

New Delhi: India, presently the world's fifth-largest economy, is poised to surpass Japan and secure the position of the third-largest global economy with a Gross Domestic Product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence has projected in its latest Purchasing Manager’s Index (PMI) report.

India must aim for 8% growth rate to surpass China: Barclays

New Delhi: For India to surpass China and emerge as the leading contributor to global growth, it would have to aim for an 8 percent growth rate, a Barclays report said.

World Bank pegs India's FY24 GDP growth at 6.3%

New Delhi/UNI: The World Bank has projected India’s GDP growth for the current financial year 2023-24 at 6.3% even as global headwinds continue to persist and intensify further due to high interest rates, geopolitical tensions and sluggish global demand.

India's GDP grows at 7.8 pct in Q1

Helped by continued growth momentum, especially in the services and construction sectors, India's gross domestic product (GDP) accelerated to 7.8% in the April-June quarter (Q1) of the current financial year 2023–24.

Indian economy off to a good start in Sept qtr: CEA Nageswaran

New Delhi: India’s Q1FY24 GDP growth of 7.8% is a "good number" and the government can comfortably maintain a growth target of 6.5% for FY24, according to India's chief economic advisor V. Anantha Nageswaran.

India's Q1FY24 GDP grows 7.8%, highest in last four qtrs

New Delhi: India’s GDP grew at the rate of 7.8% in the first quarter of the Financial Year 2023-24, according to the data released by the National Statistical Office (NSO) on Thursday.

ICRA projects India's Q1FY24 GDP growth at 8.5 pc, higher than RBI's estimate

New Delhi: Rating agency ICRA has projected India's gross domestic product (GDP) growth in the April-June quarter (Q1) of FY24 at 8.5% driven primarily by front-loading of government capex, a continued catch-up in services demand and improved investment activity.

Despite headwinds, global economic activity remains resilient in Q1FY24: SBI report

Mumbai: Global economic activity remained resilient in the Q1FY24, driven mainly by the services sector, according to State Bank of India’s Group Chief Economic Adviser Dr Soumya Kanti Ghosh.

Moody's affirms Baa3 rating for India; raises concerns over political challenges

New Delhi: Moody's Investors Service on Friday affirmed its Baa3 rating for India and upheld the stable outlook, media reports said.

Crisil projects Indian economy to grow at 6 pc in FY24

New Delhi: Noting that global slowdown and erratic monsoon could affect the direction of industrial growth in coming months, rating and research firm Crisil on Wednesday said that the Indian economy would grow at 6% in the current financial year.

Bank of Canada hikes key interest rate by 25 basis points to 5 percent, highest since 2021

Ottawa/IBNS: The Bank of Canada has made the cost of borrowing more expensive by reportedly raising its policy interest rate for the 10th consecutive time, by 25 basis points amounting to 5 percent, the highest it’s been since 2001.

FY23 GDP growth may be higher than 7.2 pc when final revision comes: CEA

Lucknow: Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday said India will grow at 6.5-7% in financial year 2023-24 amid an encouraging environment for business investments and fast-paced digital transformation.

Record diesel and gasoline sales in May indicate strong demand

New Delhi: India's May diesel and gasoline sales reached record levels, providing a rare positive indication for the global oil markets, Bloomberg reported.