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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

November 23, 2022 / 08:05 AM IST
A round-up of the biggest articles from newspapers

A round-up of the biggest articles from newspapers

1. Economic growth likely a median 6.45 % in fiscal second quarter

India’s economy likely grew 6.2-7.2 percent in the September quarter from a year earlier, according to a survey of economists, buoyed by an increase in services and government capital spending, as well as high pre-festive season production. The median of predictions by ten economists for the September quarter was 6.45 percent. Gross domestic product grew 13.5 percent in the first quarter of 2022-23, boosted by the low base a year ago. The official national income data for the second quarter will be released on November 30.

Why it’s important: Although exports lost momentum in the second quarter, increased domestic demand may have played a significant role in boosting growth despite the waning base effect.

2. Australia clears parliamentary hurdle for free trade pact with India