FinMin confident of 6.5 per cent growth in FY24 despite symmetric risks

2023-09-22 09:39:54 The finance ministry on Friday exuded confidence that the country will achieve 6.5 per cent growth in FY24 on the back of improved corporate profitability, private capital formation and bank credit growth, notwithstanding the risks of rising crude oil prices and monsoon deficit. The ministry’s August edition of Monthly Economic Review said the … Read more

IMF raises India’s FY24 forecast to 6.1%

2023-07-25 13:14:48 The International Monetary Fund (IMF) bumped up India’s growth forecast for FY24, citing strong domestic investment while cautioning that the global economy is not “out of the woods” yet and that the world’s battle against inflation is far from over. The multilateral lender expects India to clock 6.1% growth in FY24, up from … Read more

India’s FY23 GDP growth likely to be over 7.2% when final numbers come in 2026: CEA Nageswaran

2023-06-10 09:53:36 Chief Economic Advisor Dr V Anantha Nageswaran on Saturday lauded the estimated 7.2 per cent real GDP growth in 2022-23 and expressed confidence that when the final numbers for the fiscal are frozen in early 2026, the growth will be higher. Speaking at an event organised by the Bharat Chamber of Commerce in … Read more

View: Banking sector recovery has given leg up to GDP growth

2023-06-04 19:17:27 The recently announced betterthan-expected GDP growth number for 2022-23 has triggered discussions about the current Indian macroeconomic policies. The impressive recovery of the banking sector has contributed significantly to this turnaround. The recent handling of the banking system in India represents a textbook case of learning from past mistakes and using counter-cyclical policies … Read more

india q4 gdp: Q4 GDP numbers spring a surprise, lift FY23 growth to 7.2%; India stays fastest-growing major economy

2023-06-01 01:23:09 New Delhi: A stronger-than-expected fourth quarter lifted India’s growth to 7.2% in FY23, exceeding the 7% cited in the second advance estimates released in February, underscoring the country’s economic resilience in the face of multiple challenges. The gross domestic product (GDP) rose 6.1% in the March quarter from a year earlier, accelerating sequentially … Read more

Service sector cushions India’s economy from high interest rates

2023-05-31 03:00:10 India’s economic growth probably matched government estimates as demand spurred an expansion in the services sector and cushioned the impact of elevated interest rates. Data due Wednesday is likely to show gross domestic product in the year to March 2023 grew 7%, according to the median estimate in a Bloomberg survey that’s in … Read more