India's GDP moves up by 6.1 pc in Q4
New Delhi: India's gross domestic product (GDP) grew 6.1% year-on-year in January-March quarter (Q4) of financial year 2022-23, as per data released by Ministry of Statistics & Programme Implementation (MoSPI) on Wednesday.
Washington/New Delhi: India is expected to be the world's fastest-growing economy, despite facing significant challenges like financial sector turbulence, inflationary pressures, the impact of the Russia-Ukraine conflict, and the continued effects of the Covid-19 pandemic in the last three years, according to the International Monetary Fund's World Economic Outlook report.
IMF cuts India's FY24 growth rate to 5.9 pc
The International Monetary Fund (IMF) has reduced its GDP growth estimate for India for the financial year 2023-24 by 20 basis points to 5.9 percent.
Moody's improves India's 2023 growth projection to 5.5% on higher capex allocation in Budget
New Delhi/IBNS: Moody's Investors Service, on Wednesday, increased its prediction for India's economic growth in 2023 from 4.8% to 5.5%.
India’s GDP growth decelerates to 4.4 pc in Q3FY23, services sector continues robust revival
New Delhi: India's real gross domestic product (GDP) for the October-December quarter (Q3) of the current fiscal year decreased to 4.4%, compared to 6.3% in the previous quarter, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Tuesday.
Nominal GDP to grow at 15.4 pct in FY 2022-23
New Delhi: According to the Fiscal Policy statements the Nominal GGP is projected to grow at 15.4 % year-on-year (Y-o-Y) in FY2022-23 as against 19.5% in 2021-22.
Large budget deficit acceptable if it stimulates higher GDP: Nadir Godrej
Mumbai/IBNS: Speaking on the upcoming Union Budget, Godrej Industries Ltd.'s Chairman and MD - Nadir Godrej said global inflation, China's economic slowdown, the pandemic's aftereffects, and the conflict between Ukraine and Russia pose a great challenge for the Indian economy.
India to witness GDP growth of 6 to 6.8 pct in 2023-24: Economic Survey
New Delhi: India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally, as per the Economic Survey released on Tuesday.
Sharp, long-lasting slowdown to hit developing countries hard: World Bank
Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
India's GDP to grow at 7 pc in FY23: First Advance Estimates of National Income
New Delhi/IBNS: India's GDP is likely to grow at 7 percent in the current financial year 2022-23, according to the first advance estimates released by the government Friday evening.
Centre's fiscal deficit touches 59 pc of full-year target in Nov end
New Delhi/IBNS: Centre’s fiscal deficit at the end of November touched 59 percent of the full-year budget target, showed the data released by the Controller General of Accounts (CGA) on Friday.
Fitch maintains India's growth forecasts at 7 pc for FY23
Fitch Ratings has retained India's economic growth forecast at 7 percent for the current fiscal (FY23).
India's core sector growth slows to just 0.1 pc in Oct
New Delhi: India’s core sector recorded a growth of a meager 0.1 percent in October compared to an 8.7 percent growth in the same month in the previous fiscal.
Fiscal deficit stands at 4.7 pc of GDP in first half of FY23
New Delhi: The Centre’s fiscal deficit stood at 4.7 percent of GDP in the first six months of FY23.
India's GDP grows 6.3 pc in 2nd qtr in line with RBI's projection
New Delhi/IBNS: India’s Gross Domestic Product (GDP) grew at 6.3 percent in the Q2FY23 year-on-year, according to data released by the government on Wednesday.