Growth Forecast

The FMCG bellwether is eyeing to clock a double-digit earnings per share (EPS) growth going ahead said chief financial officer Ritesh Tiwari

Nomura, Deutsche Bank, Morgan Stanley, Moody's raise India growth forecasts

The upward revision in the growth forecasts comes despite the April-June GDP growth figure of 7.8 percent being broadly along expected lines

IMF raises India's FY24 GDP growth forecast by 20 bps to 6.1%

The upward revision made to India's growth forecast is in line with the IMF's new view on the global economy, which it now expects to grow in 2023 at a rate that's 20 basis points higher than previously expected

RBI's growth optimism isn't finding many buyers

The Reserve Bank of India made a marginal upgrade to its growth forecast for the current financial year to 6.5 percent — a number that is finding little support

IMF cuts India's FY24 GDP growth forecast by 20 bps to 5.9%

The multilateral agency also cut its GDP growth forecast for India for 2024-25 by 50 basis points to 6.3 percent

IMF lifts 2023 growth forecast with boost from China reopening

World growth has been bogged down by fallout from Russia's invasion of Ukraine last year, economic downturns and efforts to rein in spiraling costs of living.

IMF retains growth forecasts for Indian economy at 6.8% this year and 6.1% in FY24

The multilateral agency expects the global consumer inflation to drop sharply from 8.8 percent in 2022 to 6.6 percent in 2023 and then again to 4.3 percent in 2024

UN cuts India's 2023 growth forecast by 20 bps to 5.8% on rate hike, global slowdown fears

The cut in the growth forecast for India is part of a raft of downward revisions made by the multilateral organisation, which has warned of a "looming debt crisis"

Recession 'perilously close' but India on course to 6.6% growth, says World Bank

India is expected to be the fastest-growing economy among the seven largest emerging market and developing economies, the World Bank said.

Icra revises upwards road logistics sector growth forecast to 11-13% this fiscal

The rating agency said the growth is supported by a strong demand environment, coupled with the continuation of firm freight rates, also supported by the base effect to an extent, given that FY22 had a weak first quarter due to the second wave of COVID-19.

Fitch sticks to 7% growth forecast for India this fiscal, cuts outlook for next 2 years

It, however, cut the projections for the next two financial years, stating that even though the country is shielded to some extent from global economic shocks but is not impervious to global developments.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

SBI slashes FY23 growth forecast to 6.8% on way-below Q1 numbers

The Q1 growth numbers, which showed a consensus growth of 13.5 percent, pulled down by the poor show of the manufacturing sector, negated the robust show by the services sector.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

IMF cuts India's FY23 growth forecast by 80 bps to 7.4%

The multilateral agency's latest forecast is only marginally higher than that of the Reserve Bank of India. Economists, however, see the risk of India's growth slipping below 7 percent this fiscal

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

Moody's lowers GDP growth forecast for India to 8.8% as inflation bites

For next year, the agency has retained its forecast of 5.4 percent.

Moody's raises India 2022 GDP growth forecast to 9.5% from 7%

The upward revision in the growth forecast for 2022 means the rating agency sees India growing 8.4 percent in FY23 - 60 basis points faster than what the Reserve Bank of India has forecast

IMF raises GDP growth forecast by 50 bps to 9% for FY23

The multilateral agency expects an improvement in India's credit growth, which would boost consumption and investment. The upward revision in the growth forecast is also on the back of better-than-expected performance by India's financial sector.

IMF revising India's growth forecast downwards is 'gross under estimation': N K Singh

He also said there was a need to ensure that those who escaped poverty do not go back into poverty on account of exogenous factors like the pandemic.

Chart of the Day | Why it’s best to ignore IMF’s growth forecasts for India

The IMF forecasts have generally been wide of the mark

Bank of England slows bond-buying, raises 2021 growth forecast

The BoE kept its benchmark interest rate at an all-time low of 0.1% and the size of its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion).

IMF questions India's tax revenue esimates: Report

Growth projections for India have been cut due to the pervasive economic slowdown across segments (consumer durables, auto, and biscuits) and officials are not confident of achieving the target.