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Tag: Gdp

India's Current Account Slips Into Deficit In Q2, CAD Now At 1.3 Pc Of GDP
India's Current Account Slips Into Deficit In Q2, CAD Now At 1.3 Pc Of GDP

Private transfer receipts, which mainly represent remittances by Indians employed overseas, increased 3.7 per cent over the year-ago period to USD 21.1 billion.

Govt Health Expenditure Share In GDP Increases From 1.15% To 1.35%

The share of primary healthcare in current government health expenditure has increased from 51.1 per cent in 2013-14 to 54.7 per cent in 2017-18.

GDP Growth
Goldman Sachs sees India's GDP at 9.1%, CPI at 5.8% for 2022

Goldman Sachs on Tuesday said that India's GDP is expected to rise to 9.1 per cent in calendar year 2022, as compared to an estimated 8 per cent in 2021.

India's August industrial production rises by 11.9% YoY

Low base effect, along with a rise in demand, pushed India's industrial output higher by 11.9 per cent in August, on a year-on-year basis.

India On Course For 9% GDP Growth In FY22, 3rd Wave Still A Concern

Agriculture sector has been pandemic resilient. Its output is 8 per cent above pre-pandemic level. A below normal monsoon poses a risk to its growth in FY22.

Covid Casualty: India's YoY FY21 GDP Plunges 7.3%

The Covid-induced volatility heavily dented India's economy in the last fiscal as its growth rate plunged (-) 7.3 per cent in FY 2020-21.

China's GDP Surges To Record 18.3 Per Cent In Q1

Beijing: China’s economy grew a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base…

Chemical Sector To Grow At 1.2x-1.3x Of GDP Multiplier: Ind-Ra
Chemical Sector To Grow At 1.2x-1.3x Of GDP Multiplier: Ind-Ra

New Delhi: The chemical sector is expected to grow at 1.2x-1.3x of the GDP multiplier in FY22, India Ratings and Research (Ind-Ra) said. Accordingly, the ratings agency has assigned the sector an improving outlook for FY22. It expects favourable market conditions across the broad chemical subsectors, along with a healthy rebound in end-user industries, following […]

IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%
IMF Projects Indian Economy To Be Fastest-Growing Next Financial Year At 11.5%

New York: The International Monetary Fund (IMF) projects India’s economy to bounce back by 11.5 per cent in the next financial year, making it the fastest-growing major economy, and attributed it to the effect of easing of lockdown measures last year. The World Economic Outlook (WEO) Update released in Washington last week increased the forecast […]

Indian Economy Claws Back Faster Than Expected In Q2
Indian Economy Claws Back Faster Than Expected In Q2

New Delhi: India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter […]

NSO Releases Estimates Of GDP For First Quarter Of 2020-21

New Delhi: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter (April-June) Q1 of 2020-21, both at Constant (2011-12) and Current Prices, along with the corresponding quarterly estimates of expenditure components of the GDP. GDP at Constant (2011-12) Prices in […]

RBI Leaves Key Rates Unchanged, Real GDP To Remain Negative

Mumbai: The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year. Supply chain disruptions persist, resulting in inflation pressures across segments, RBI Governor Shaktikanta Das said while announcing the decisions taken by the […]

India GDP Rate Down
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%

New Delhi: A massive contraction in manufacturing and construction activities pulled India’s GDP growth rate down to 3.1 per cent in the last quarter of 2019-20 from Q3’s 4.1 per cent and 5.7 per cent rise reported for the like period of the previous fiscal. Consequently, India’s FY20 GDP declined to 4.2 per cent from […]

COVID-19 Lockdown beyond May can lower growth to zero, permanent loss of 4% in India's GDP

New Delhi: CRISIL has revised its growth outlook for India in fiscal 2021 down to 1.8 per cent from the earlier estimated 3.5 per cent, factoring the nationwide lockdown in place to flatten the Covid-19 curve. The forecast by the rating agency assumes the effect of the pandemic subsiding materially in the current quarter, besides […]

With GDP Growth At 7-Yr Low, Finmin Sitharaman Says Slowdown Has Bottomed Out

New Delhi: The decline in the economic growth has bottomed out, said the finance ministry on Friday as the GDP growth slowed to a nearly seven-year low of 4.7 per cent in the quarter ending December 2020. The National Statistical Office (NSO) has, however, upwardly revised GDP growth estimates for the first quarter of 2019-20 […]

IMF Cuts India Growth Forecast To 4.8 Pc; Flags Stress In Non-Bank Financial Sector

Davos: The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and listed the country’s much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years. In October, the International Monetary Fund (IMF) had pegged India economic growth at 6.1 per cent […]

GDP Seen Dropping To 5% In 2019-20: Govt Data

New Delhi: The Indian economy is estimated to grow at 5 per cent in 2019-20 as against 6.8 per cent in the previous fiscal, according to government data. The decline has been mainly on account of deceleration in manufacturing sector growth, which is expected to come down to 2 per cent in 2019-20 from 6.2 […]

RBI Cuts GDP Forecast To 5% In FY20; Sees Early Revival Signs

New Delhi: With the second-quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent. In its October monetary policy, the RBI had estimated the GDP to grow at 6.1 […]

Government Committed To More Reforms: FM Sitharaman

New Delhi: Amidst criticism over a free fall in the Gross Domestic Product (GDP) growth rate, Finance Minister Nirmala Sitharaman on Tuesday said that the government is committed to take up further reform measures in the economy. Speaking at the India-Sweden Business Summit, Sitharaman noted that the government had recently reduced the corporate tax rate […]

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
Ahead Of GDP Data, Equity Indices End At Record Closing High

Mumbai: The Sensex and Nifty on Thursday ended at record closing highs ahead of the release of the GDP numbers on Friday, which is widely expected to fall to a decadal low, but investors seemed to focus on the easing of trade tension between the US and China. The largest index contributor, Reliance Industries (RIL), […]

India Ratings Cuts 2019-20 GDP Growth Forecast To 5.6%

New Delhi: India Ratings and Research (Ind-Ra) has revised its 2019-20 India GDP growth forecast downwards to 5.6 per cent from an earlier estimate of 6.1 per cent. The agency in a report also said new projections suggest that that GDP growth in the second quarter (2Q) of the current fiscal is likely to be […]

Vardhan Urges States To Raise Healthcare Spending By At Least 8 Pc Of Budget

New Delhi: Union Health Minister Harsh Vardhan on Thursday urged the states to increase healthcare spending to a minimum 8 per cent of the budget so as to achieve the targeted public health expenditure of 2.5 per cent of the GDP by 2025. Inaugurating the 13th Conference of the Central Council of Health and Family […]

India's GDP Growth Rate 'Much Weaker' Than Expected: IMF

Washington: India’s economic growth is “much weaker” than expected, according to the International Monetary Fund (IMF), which attributed it to the corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. India’s GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years, […]

Nirmala Sitharaman
FM Set To List Actions Of 100-Days Amid Low Macro Stats

Chennai: Amid the economic slowdown plunging August sales of automobiles to the lowest since 1997-98 indicating further worsening of demand and investment, Finance Minister Nirmala Sitharaman will elaborate on the decisions and initiatives taken by the Modi2.0 government in last 100 days. She will address media on “Furthering Development — 100 days of bold initiatives, […]

Reverse Gear: August auto sales slump 23.55%

New Delhi: The sales slump continued to dent the Indian automobile industry in August as the overall sectoral off-take in the domestic market plunged 23.55 per cent. The industry which is suffering from high GST rate and lack of adequate liquidity had recorded a slump of 18.71 per cent in July, the highest monthly sales […]