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Growth assumption comes amid the global uncertainties.
"So we are persevering towards a two trillion dollar export target. May not necessarily happen by 2030, but I'm very confident if we add the COVID lost years, we'll be able to achieve that target," Goyal said.
At Rs 89.5 to a dollar, Goldman Sachs’ estimate for the rupee at the end of March, the economy is expected to end FY26 at about the $4 trillion mark.
The decision to release Q1 and Q2 estimates in the new series is intended to smooth the transition and provide a coherent framework for analysis.
If growth is strong, if companies are investing and the government is also spending, then a demand resurgence should be seen and it should also show up in product prices. Why then is core inflation (which is demand side) so low? Why is urban demand relatively weak? Is there a challenge from cheap Chinese imports?
The Moody's note said India's real GDP growth may slow by around 0.3 percentage points from the current forecast of 6.3 percent FY26.
In contrast, industrialist Anand Mahindra celebrated the achievement, describing it as the fulfilment of a 'distant, almost audacious dream'. But while India's overall GDP has surged, its per capita GDP stands at $2,880, significantly lower than the fifth largest economy in the world, Japan, whose per capita GDP stands at $33,960.
The growth rate needed for per capita income growth is 7.3 percent to achieve $14,000 by 2047. With India’s per capita income in 2023-24 standing at $2,570, Panagariya emphasised that there is substantial room for further increase.
For the fiscal, economists have pegged growth at 6.4 percent, in line with the first advance estimates released in January
Monetary and fiscal policies should not work at cross purposes but rather complement each other to ensure balanced economic growth, Tuhin Kanta Pandey told Moneycontrol in an interview.
The Survey highlights the constraints that India will face in its endeavour to increase its share of manufacturing in its domestic GDP as well as in global manufacturing. Also, there is a clear global tendency to become inward looking. Under such circumstances, India has to carefully calibrate its own path.
Another 35.6 percent anticipate an uptick in the economy by the end of the 2025-26
India's nominal GDP is likely to miss the government's growth target for the second year in a row. We break down the latest estimates, the impact on fiscal deficit targets, and what experts are predicting for FY26.
A CNBC-TV18 poll saw the Q2 GDP growth at 6.5%, which itself seemed pessimistic compared with the RBI forecast of 6.8%. And RBI's downgrade to 6.8% is only a month old. As recently as Oct 9, during the monetary policy announcement, the central bank was confident of a 7% growth in the second quarter.
In Q2, investment activity improved over Q1, while remaining sluggish amid slow execution of infra projects owing to surplus monsoon rains, the agency said, adding that new project announcements witnessed a healthy rebound to Rs 6.7 lakh crore in Q2.
The Bulletin further pointed to the government's emphasis on capital expenditure and healthy corporate and bank balance sheets as positive factors bolstering investment activity
Das attributed the slight dip to two key factors: government expenditure and agriculture growth.
India’s real GDP growth moderated in the first quarter of 2024-25 as capital formation slowed down even as growth in private consumption, the largest component of GDP, picked up to its highest in seven quarters
One of the surest signs of consumer spending can be seen in shopping malls and car showrooms. The data for the first quarter clearly suggest that consumer confidence is cheerful.
We would rather be pleasantly surprised than be forced to face disappointment which is why we are projecting a GDP growth rate of 6.5-7 percent, said the CEA.
The rating firm predicted Indian economy to grow 6.4% in 2025; inflation to ease to 5.2% in 2024 and 4.8% in 2025
In a dialogue at the University of Cambridge, Sanyal highlighted India's fast pace of growth last year, and said the country is anticipating a growth rate of 7 percent this year, which should be higher than all major economies.
Such growth is qualitatively different and offers more solidity to the macro-economy. The national income data show that the construction sector grew 9.9 percent, mirroring the high pace of infrastructure project execution such as roads, highways, ports and airports
India is seen growing 8.2 percent in 2023-24 thanks to the manufacturing and mining sector. However, farm sector GVA is seen slowing down to 1.4 percent in FY24 against 4.7 percent in 2022-23.
India Q4 GDP Highlights: India's economy grew at a faster-than-expected year-on-year in the January-March quarter, helped by government spending and resilient consumer demand, and economists expect the momentum to remain strong this year.
