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Global trade is becoming more uncertain with countries putting up more barriers. While India isn't the main target, it’s still feeling the impact of the major tariffs recently announced by the United States.
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“We are on track for robust growth, but enduring global uncertainties pose significant challenges that will shape the trend growth in the years ahead,” says the chief economic advisor
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April-June saw India's real GDP expanding by 6.7 percent, the lowest in 15 quarters, which led some analysts revising their expectations on growth to below 7 percent for the fiscal
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Amitabh Kant expressed confidence in India's economic trajectory, predicting that the country would surpass Germany and Japan by 2027.
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It is a widely held belief among private forecasters and even policymakers that India’s potential growth is 8 percent. If GDP growth for FY24 comes in at 8 percent, that means the economy has reached its potential despite severe uncertainty from global markets
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Deloitte India's recent economic outlook report said there is an underlying momentum that is building up in the Indian economy, as seen in the improving economic fundamentals.
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Capital goods output has "accelerated sharply" in the past three months, they said, pointing out that industrial output has gained momentum over the last three months
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At present, India is the world’s fifth-largest economy, coming after the United States, China, Germany, and Japan. By 2030, India's GDP is projected to exceed Japan's, making it the second-largest economy in the Asia-Pacific region
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Data shows weakness in the consumption story. Private final consumption expenditure was a let-down as growth nearly halved to 3.1% in Q2, from 6% in Q1. Another disappointment was the agriculture sector that grew a mere 1.2%, its slowest expansion in four and a half years.
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India Q2 GDP: Economists pointed out that the strong growth of 7.6 percent was almost entirely driven by investments and fiscal spending, with private consumption growth remaining weak
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Ministry of Agriculture and Farmers Welfare in its first advance estimate for the kharif crop has projected a dip of about 9 million metric tonnes (mmt) of foodgrains on year
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India GDP Growth Highlights: Chief Economic Adviser V Anantha Nageswaran said the government and the RBI both are comfortable in holding on to their FY24 GDP growth forecast of 6.5%. He also said: "I don’t see any threat to the FY24 fiscal deficit target of 5.9 percent of GDP at this point".
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August 15, 1947 saw the end of the British Empire's nearly 150-year hold over India. They did, however, divide the subcontinent into two countries, India and Pakistan, before they left. Both the countries inherited similar economies. In 77 years, the difference between the two is glaring. While Pakistan struggles to preserve stability in the face of economic and political unrest, India is rapidly overtaking it as the third-largest economy in the world.
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The growth has propelled the Indian Economy to $3.3 trillion and set the stage for achieving $5 trillion target in the next few years. Here's how Twitter reacted.
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Inflation and uneven recovery will hurt domestic consumption while weakening of global growth will hurt the external sector.
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Adjusted for inflation, India’s real GDP, according to government estimates, will grow 9.2 percent in 2021-22.
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With a visible buoyancy in tax collections, we expect the GoI’s gross tax receipts to surpass the budgeted amount by a robust Rs 2.5 trillion in FY2022.
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As governments withdraw fiscal and monetary support and as pent-up demand wanes, global economic growth will slow in 2022 and 2023, but not for India
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From IMF to Moody’s, the phraseology is bullish about India. The condition is perfect for the Budget to help regain the status of the fastest growing economy on a sustained basis
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While the Indian economy ended a technical recession, the NSO has pared its estimate for FY21 GDP. More clarity will emerge from data due next week such as automobile sales and PMI readings for February
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The report is actually a warning -- unless India is able to considerably raise its growth rate, it risks massive unemployment
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In terms of earnings, UBS is of the view that a broad-based earnings cycle recovery over the next one to three years is clearly pushed out, with a more material near-term downside.
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The recent volatility in emerging markets as well as weak monsoon, which could spike food prices, may weigh on the central bank's decision, Morgan Stanley economist Chetan Ahya says.
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Citing that India‘s potential growth has lowered considerably from its highs of 2003 to 2008, Jahangir Aziz of JPMorgan tells CNBC-TV18 that the decline in equipment investing by corporates is the key trigger for this slowdown.
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INDIA-ECONOMY-GDP:India Q4 GDP growth seen flat at 6.1 pct: Reuters Poll
