Indian economy likely to navigate rough global weather in 2023: Assocham
1 year, 11 months ago

Indian economy likely to navigate rough global weather in 2023: Assocham

The Hindu  

India's economy is expected to navigate rough global weather in 2023 due to resilient consumer demand, better corporate performance and abating of inflation, even as the year is likely to be full of challenges and opportunities, Assocham said on January 2. "While the global outlook seems rather tough, the Indian economy is set to stay on steady ground, helped by strong domestic demand, a healthy financial sector and improved corporate balance sheets. Early signs of brighter prospects of Rabi crops point towards a robust performance of agriculture, leaving an improved second round effect for several connected industries such as FMCG, tractors, two-wheelers, speciality chemicals and fertilisers," Assocham Secretary General Deepak Sood stated. "Our domestic demand is bound to offset the risk of global demand slowdown.However, we need to be watchful about international currency fluctuations, particularly in Emerging Economies," Mr. Sood said.

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History of this topic

How the Indian economy fared in 2024, in 9 charts
21 hours, 24 minutes ago

How the Indian economy fared in 2024, in 9 charts

Live Mint  

The year 2024 kept governments across the world on tenterhooks, with more than 60 countries, including India, holding elections, injecting uncertainty about how the outcomes would shape future fiscal, monetary, and trade policies. The Indian economy faced several challenges in 2024, from slowing growth to stubborn inflation to risks associated with personal loan growth. While the fight against inflation made …

Indian economy to grow 6.6% in FY26: Ind-Ra
5 days, 12 hours ago

Indian economy to grow 6.6% in FY26: Ind-Ra

The Hindu  

India Ratings and Research on Wednesday projected the Indian economy to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year. Ind-Ra believes investments will be a key growth driver for the Indian economy in FY26, like in FY22 and FY24. While the June quarter GDP growth of FY25 was impacted by the combination of a strong …

Stock Market Outlook: Banks, IT, FMCG, among six most promising sectors for investment in 2025, says StoxBox
6 days, 23 hours ago

Stock Market Outlook: Banks, IT, FMCG, among six most promising sectors for investment in 2025, says StoxBox

Live Mint  

The Indian stock market crashed on Tuesday, with the benchmark indices Sensex and Nifty 50, falling over a percent each, dragged by heavy selling in banks, IT, metals, auto and FMCG sectors. Here are the most promising sectors for investors in 2025, according to StoxBox: Banking The banking sector, despite facing challenges in 2024, is shifting its focus to asset …

ADB lowers growth projections for India to 6.5% in FY25, 7% in FY26
1 week, 5 days ago

ADB lowers growth projections for India to 6.5% in FY25, 7% in FY26

Deccan Chronicle  

The Asian Development Bank has lowered India’s GDP growth projections for FY25 to 6.5 per cent from 7 per cent estimated in September as well as the projection for FY26 to 7 per cent from 7.2 per cent predicted earlier owing to tighter prudential norms and lower than expected industrial growth in Q2. Inflation estimates for the current fiscal has …

Indian stock markets review 2024: A tale of two halves
Trending News
2 weeks, 1 day ago

Indian stock markets review 2024: A tale of two halves

Live Mint  

It has been a tumultuous year for India's stock markets. On the global stage While global economic headwinds and rising geopolitical tensions have cast a shadow over global markets, India has managed to hold its own and outperform several emerging market peers. Shifting dynamics This year, foreign portfolio investors started withdrawing funds from Indian equities and pivoted to China after …

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty
2 weeks, 2 days ago

India’s Forex Reserves rebound after 8 weeks of decline amid global uncertainty

Live Mint  

India's foreign exchange reserves have seen a resurgence after an eight-week decline that pushed them to multi-month lows. According to data released by the Reserve Bank of India earlier this week, reserves increased by USD 1.51 billion, reaching USD 658.091 billion for the week ending November 29. This recovery follows a sustained dip from September's all-time high of USD 704.89 …

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025
2 weeks, 3 days ago

SBI forecasts India's GDP growth at 6.3 per cent, lower than RBI's projection for financial year 2025

India TV News  

The State Bank of India forecasted India's GDP growth at 6.3 pc, lower than the Reserve Bank of India's projection of 6.6 pc for FY25 in its latest report. The report forecast comes after the RBI sharply downgraded its real GDP growth projection for FY25 from 7.2 per cent to 6.6 per cent during its latest Monetary Policy Committee meeting, …

December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman
2 weeks, 3 days ago

December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman

Live Mint  

New Delhi: India’s economic growth decelerated in the September quarter because of the general election earlier in the year and not a systemic issue, finance minister Nirmala Sitharaman said on Friday, expressing confidence that growth in the December quarter would make up for the lost momentum. Speaking at the India Japan Forum 2024 in the capital, a closed-door meeting between …

Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 6 days ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal
Trending News
4 weeks ago

S&P Global cuts India’s GDP growth estimates for FY26 and FY27, forecasts 6.8% growth for this fiscal

Live Mint  

New Delhi, Nov 25 S&P Global Ratings on Monday revised down its estimate for India's economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after US election results, the rating agency projected a 6.7 per cent GDP growth rate in …

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25
1 month ago

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25

Live Mint  

India’s economic growth is expected to decelerate in 2025, said Goldman Sachs even as it believes that the economy will likely be insulated from global shocks emanating out of a potential trade war between US and China. Though India’s strong long-term structural growth story remains intact, we forecast GDP growth to decelerate to 6.3% YoY in CY25, on continued fiscal …

Indian Stock Market Outlook: Earnings, Fed policy, other key factors that could influence investor sentiment in FY25
1 month ago

Indian Stock Market Outlook: Earnings, Fed policy, other key factors that could influence investor sentiment in FY25

Live Mint  

The Indian market is currently undergoing a corrective phase, impacted by the rise in the dollar index following Donald Trump's victory in the 2024 US Presidential elections, along with continuous outflows from foreign investors and the Middle East crisis. Here's a look at key market drivers for the rest of FY25, as per market analysts: Prospects for Government Spending and …

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts
1 month, 1 week ago

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts

Deccan Chronicle  

New Delhi: Global rating agency Moody’s Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. “Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate …

India in economic sweet spot amid global headwinds: Moody’s
1 month, 1 week ago

India in economic sweet spot amid global headwinds: Moody’s

Live Mint  

New Delhi: India’s economy is in a sweet spot, growing at 7.2% in 2024 with inflation moderating despite a temporary spurt, Moody’s Investors Service India Pvt. According to Moody’s global macro outlook for 2025-26, India’s economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle. Despite …

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
1 month, 1 week ago

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda

Live Mint  

New Delhi, November 15 : India's current account deficit will remain within a manageable range for both FY25 and FY26, largely due to muted oil prices that are expected to support the country's external financial position, projected a recent report by Bank of Baroda. Despite global market volatility, the report stated that steady oil prices at current levels are a …

India Has Navigated Global Turbulence With Resilience Says RBI Governor
1 month, 1 week ago

India Has Navigated Global Turbulence With Resilience Says RBI Governor

Deccan Chronicle  

Mumbai: Amid global headwinds and contradictions, the Indian economy is sailing through smoothly, powered by buffers like strong macroeconomic fundamentals, stable financial system and resilient external sector, said the Reserve Bank of India governor Shaktikanta Das on Thursday. Speaking on the theme Sailing Through Turbulence: India’s Tryst with Financial Stability at a media event, Das said, “India’s economic growth remains …

Can the Indian stock market bounce back in November or is the downward trend here to stay?
1 month, 2 weeks ago

Can the Indian stock market bounce back in November or is the downward trend here to stay?

Live Mint  

Indian stocks are currently experiencing one of the bleakest days in recent history, as a convergence of global and domestic factors continues to weigh heavily on investor sentiment, pushing the frontline indices to fresh monthly lows. In its interim review of the Q2 FY25 earnings season, Motilal Oswal reported that earnings growth among the 166 companies it monitors declined by …

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors
1 month, 3 weeks ago

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors

Hindustan Times  

India's economy performed satisfactorily in the first half of the current financial year, according to the finance ministry's monthly economic report released Monday. However, the ministry warned of potential disruptions from geopolitical conflicts, rising geo-economic fragmentation and elevated valuations in financial markets of some advanced economies.

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty
1 month, 3 weeks ago

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty

Live Mint  

Global funds are turning to India as a haven amid financial market uncertainties caused by the US election. The country's bonds have been performing well, with its sovereign bonds remaining relatively stable despite a global selloff of US Treasuries. India's currency, the rupee, offers minimal volatility compared to other emerging market currencies, making it a popular destination for investors seeking …

Economic Activity Index Shows Mixed Signals in Q2 2024-25
2 months ago

Economic Activity Index Shows Mixed Signals in Q2 2024-25

The Hindu  

India's GDP is projected to grow 6.8% in the second quarter of 2024-25, marginally higher than the 6.7% uptick in the first quarter. However, some high frequency indicators have shown a slackening of momentum in Q2, partly attributable to idiosyncratic factors like heavy rains and the Pitru Paksha festival. Despite these concerns, the Indian economy has exhibited marked resilience in …

ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy
2 months, 4 weeks ago

ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy

The Hindu  

The Asian Development Bank on Wednesday retained India's growth forecast for the current fiscal at 7% and said that the economy is expected to accelerate in the coming quarters on improved farm output, and higher Government spending. In its Asian Development Outlook update of September, the ADB said exports in the current fiscal will be higher than earlier projected, led …

At 6.7%, India Leads Global Economic Growth: A Look at Country-Wise GDP Performance
3 months, 3 weeks ago

At 6.7%, India Leads Global Economic Growth: A Look at Country-Wise GDP Performance

News 18  

India has posted a GDP growth rate of 6.7 per cent for the first quarter ended June 2024. He added that extreme weather-related issues impacted the agricultural sector dragging the overall GDP growth to 6.7 per cent in the first quarter of 2024-25. India’s Q1 GDP Growth: What Experts Say “Expectedly, GDP growth in Q1FY25 at 6.7 per cent is …

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts
3 months, 4 weeks ago

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts

Hindustan Times  

Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. India’s growth next year will be hampered by the government’s commitment in the budget to bring down the fiscal deficit to below 4.5% of gross domestic product. Expansion will also face headwinds from …

India Ratings jacks up growth forecast to 7.5% this fiscal
4 months, 3 weeks ago

India Ratings jacks up growth forecast to 7.5% this fiscal

New Indian Express  

Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the current fiscal to 7.5 percent—the highest among all analysts and 30 bps over the Reserve Bank estimate. Pegging higher growth at 7.5 percent for this …

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’
5 months ago

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’

The Hindu  

As per the latest Economic Survey tabled in Parliament on July 22, India’s focus on maintaining macroeconomic stability ensured external challenges had “minimal impact” on the economy. Read the full Economic Survey 2023-24 The survey goes on to state that growth prospects for the ongoing financial year “look good”, subject to geopolitical, financial market and climate risks. The outlook had …

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities
5 months ago

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities

The Hindu  

With India’s banking and financial sectors displaying a stellar performance in FY24 and as India’s financial sector undergoes critical transformation, it must brace for likely vulnerabilities originating globally or locally, the Economic Survey 2023-24 has cautioned. Economic Survey 2023-24 LIVE updates In FY24 bank credit witnessed double digit and broad-based growth and asset quality improved dramatically with gross and net …

Economic Survey 2023-24: Capital markets becoming prominent in India's growth story
5 months ago

Economic Survey 2023-24: Capital markets becoming prominent in India's growth story

The Hindu  

“Capital markets are becoming more prominent in India’s growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation,” according to the Economic Survey 2023-24 tabled in Parliament on July 22. “Despite heightened geopolitical risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best …

Economic Survey praises Indian stock markets: ‘Exemplary performance’
5 months ago

Economic Survey praises Indian stock markets: ‘Exemplary performance’

Hindustan Times  

India's growth story is powered by the capital market as there is an increased share in capital formation and investment landscape owing to advances in technology, innovation and digitisation, the Economic Survey 2023-24 tabled in Parliament noted. Even heightened geopolitical risks, rising interest rates and volatile commodity prices could not stop the Indian stock markets which have been one of …

Core inflation at four-year low in FY24: Economic Survey
5 months ago

Core inflation at four-year low in FY24: Economic Survey

Hindustan Times  

The government’s prudent monetary policy response and calibrated trade policy measures, coupled with strong output growth helped reduce core inflation to a four-year low in FY24, according to the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. The survey, which was presented a day before the first Union Budget of the third Narendra Modi-led central …

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24
5 months ago

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24

Deccan Chronicle  

The Indian economy has recovered and expanded in an orderly fashion post-pandemic and the real Gross Domestic Product in 2023-24 was 20 per cent higher than its level in pre-pandemic 2019-20, according to the Economic Survey 2023-24 tabled on Monday in the Parliament.This, as per the Survey document, is a feat that only a very few major economies had achieved. …

Explained: Why Economic Survey 2024 has taken a cautious stance
5 months ago

Explained: Why Economic Survey 2024 has taken a cautious stance

India Today  

The Economic Survey 2023-24 has adopted a more cautious stance on India’s growth prospects, projecting an expansion of 6.5% to 7% for the fiscal year. Chief Economic Adviser V. Anantha Nageswaran highlighted that while the Indian economy remains resilient, it faces potential challenges from geopolitical uncertainties and the risk of cheaper imports that could impact private capital formation. "The Indian …

Indian economy's outlook bright, FY25 growth expected at 6.5-7%: Economic Survey
5 months ago

Indian economy's outlook bright, FY25 growth expected at 6.5-7%: Economic Survey

India Today  

The Economic Survey 2023-24 that was released by the Ministry of Finance on Monday projected a real GDP growth of 6.5-7% for the financial year 2024-25. "The Survey conservatively projects a real GDP growth of 6.5–7 per cent, with risks evenly balanced, cognisant of the fact that the market expectations are on the higher side," said the Economic Survey 2023-24. …

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR
5 months, 3 weeks ago

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR

The Hindu  

The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability, the Reserve Bank of India said in the 29th issue of the Financial Stability Report which was released on June 27. SCBs’ gross non-performing assets ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets ratio to 0.6 …

IMF Retains Growth Forecast for India at 7 PC in FY25
6 months ago

IMF Retains Growth Forecast for India at 7 PC in FY25

Deccan Chronicle  

Chennai: The International Monetary Fund on Tuesday retained the growth of the Indian economy for the current fiscal at 7 per cent and for next year at 6.5 per cent. As projected in July, the IMF retained the growth forecast for FY25 at 7 per cent and FY26 at 6.5 per cent. Deloitte India too on Tuesday projected 7 -7.2 …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
6 months, 1 week ago

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's

India TV News  

Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. India to remain fastest growing economy: World Bank Earlier this week, a Work Bank report stated that India will remain the fastest-growing major economy recording a steady growth of …

India’s Growth to Steady at 6.7% Till 2026: World Bank
6 months, 1 week ago

India’s Growth to Steady at 6.7% Till 2026: World Bank

Deccan Chronicle  

Chennai: India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate, finds the World Bank. While retaining the GDP growth forecast for FY24 and FY25 at 6.6 per cent and 6.7 per cent respectively, the World Bank estimated the country to clock 6.8 per cent growth in FY26. Growth in industrial …

India may grow 6.7% on average from FY25-FY27: World Bank
6 months, 1 week ago

India may grow 6.7% on average from FY25-FY27: World Bank

Hindustan Times  

India will remain the fastest-growing major economy recording a steady growth of 6.7 per cent in the next three years including the current financial year, said a world bank report released on Tuesday. In India, growth is estimated to have picked up to 8.2 per cent in fiscal year 2023/24 -- 1.9 percentage points higher than estimated in January, according …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
6 months, 2 weeks ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Strong macroeconomic fundamentals will help growth: FM
6 months, 4 weeks ago

Strong macroeconomic fundamentals will help growth: FM

Deccan Chronicle  

New Delhi: Finance ministry on Friday said that strong macroeconomic buffers of India should help the real sectors of the economy navigate challenges poised by geopolitical tensions and continue growth momentum during the current fiscal. In its monthly report on economic review for the month of April, the finance ministry also elaborated about the Met’s monsoon prediction, inflation, debt sustainability, …

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%
7 months, 1 week ago

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%

The Hindu  

The United Nations has revised upwards India’s growth projections for 2024, with the country’s economy now forecast to expand by close to 7% this year, mainly driven by strong public investment and resilient private consumption. The World Economic Situation and Prospects as of mid-2024, released Thursday, said, “India’s economy is forecast to expand by 6.9% in 2024 and 6.6% in …

Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS
7 months, 1 week ago

Stock market outlook: Expect no deep and prolonged correction; Nifty may see low-teen upside by March 2025: UBS

Live Mint  

The Indian stock market is witnessing a sharp correction and the benchmark Nifty 50 index has dropped more than 4% from its record high level. Indian equities are likely to trade with a downward bias ahead of general elections results, but analysts do not expect a prolonged correction with the market expected to offer buy-on-dip opportunities. Premal Kamdar, Analyst at …

What is the outlook on the global economy? | Explained
8 months ago

What is the outlook on the global economy? | Explained

The Hindu  

The story so far: The International Monetary Fund released the latest global financial stability report on Tuesday warning about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. Investors have been pushing up the prices of financial assets such as stocks in recent months in …

Indian economy projected to grow 6.5% in 2024: UNCTAD
8 months ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu  

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

India is the bright spot in sluggish economy
8 months ago

India is the bright spot in sluggish economy

Hindustan Times  

The April edition of IMF’s World Economic Outlook shows that the global economy has done better in the year than how the Fund expected it to do. Policymakers will have to be cautious in dialling back on monetary tightening, and be mindful of the growing national debt burden, especially in advanced countries. All this will have to be done while …

Risky premise: On Asian Development Bank forecast, India’s GDP growth
8 months, 1 week ago

Risky premise: On Asian Development Bank forecast, India’s GDP growth

The Hindu  

The Asian Development Bank on Thursday raised its forecast for India’s GDP growth in the current fiscal year ending on March 31, 2025, to 7%, from 6.7% earlier, citing robust public and private investment as well as expectations of a gradual improvement in consumer demand as the rural economy recovers. The ADB’s latest growth forecast for India’s GDP is, however, …

Inflation to ease, FY24 GDP growth seen at 6.6%: Kotak Bank chief economist Upasna Bhardwaj
9 months ago

Inflation to ease, FY24 GDP growth seen at 6.6%: Kotak Bank chief economist Upasna Bhardwaj

Live Mint  

India’s inflation is expected to moderate, yet concerns over food prices persist due to unpredictable monsoons, Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, told Mint. However, Bhardwaj cautioned that while certain sectors like power, hospitality, and electronics would likely propel growth, reviving consumer demand in rural areas could pose challenges. Bhardwaj believes key priorities for India, as it aims …

Moody's raises India's 2024 growth forecast to 6.8%
9 months, 2 weeks ago

Moody's raises India's 2024 growth forecast to 6.8%

The Hindu  

Global rating agency Moody's on March 4 raised India's growth forecast for 2024 calendar year to 6.8%, from 6.1% estimated earlier, on the back of 'stronger-than-expected' economic data of 2023 and fading global economic headwinds. “Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023,” Moody’s Investors Service said. India is …

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
10 months, 2 weeks ago

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

The Hindu  

“With India’s current account deficit declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. Moreover, with around 10.2% share in world telecommunications, computer and information services exports, India is a …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
10 months, 2 weeks ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

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