SBI projects Q2 GDP growth of 5.8%, lower than other agencies’ estimates
2 years ago

SBI projects Q2 GDP growth of 5.8%, lower than other agencies’ estimates

The Hindu  

The Indian economy is likely to clock a GDP growth of just 5.8% in the second quarter of this year, State Bank of India economists have estimated in a report. Consensus estimates are at 6.1%,” the author, group chief economic adviser Soumya Kanti Ghosh, noted in the report The bank’s own nowcasting model, which uses 30 high-frequency indicators and machine learning-based artificial neural networks, pegs GDP growth for Q2 at 5.8%. “Q2 Manufacturing sector growth is likely be weak on the back of margin compression,” SBI said, pointing to a 14% year-on-year decline in earnings before interest, depreciation, tax and amortisation during the quarter among corporates outside the banking and financial services space. “Growth impulses continue to be strong and it may be better to look through the GDP headline numbers for a couple of quarters before arriving at a definitive conclusion about the growth trajectory,” he concluded.

Quarter Sbi Gdp Growth  estimates  q2  numbers  margin  indicators  likely  agencies  bank  projects  58  quarter  lower  sbi  gdp  growth

History of this topic

Q2 growth ‘a temporary blip’, no generalised slowdown in factories, Finance Minister asserts
6 days, 7 hours ago

Q2 growth ‘a temporary blip’, no generalised slowdown in factories, Finance Minister asserts

The Hindu  

Finance Minister Nirmala Sitharaman on Tuesday dismissed concerns about a cyclical growth slowdown and a generalised downturn in India’s manufacturing sector, terming the disappointing 5.4% second quarter growth numbers as a ‘temporary blip’ caused by a multitude of factors, including the conduct of the general elections and the alignment of festival calendars this year compared to 2023-24. Responding to the …

India's Q2 GDP Dip a ‘Blip’, Growth Outlook Positive
6 days, 11 hours ago

India's Q2 GDP Dip a ‘Blip’, Growth Outlook Positive

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Tuesday said the lower-than-expected gross domestic product growth of 5.4 per cent in the second quarter was a ‘temporary blip’ and the economy will see healthy growth in the coming quarters. “India’s GDP growth rate has averaged 8.3 per cent in the last three years and it is an outstanding number by …

Lower Q2 GDP growth a temporary blip; economy to improve in coming quarters, says Nirmala Sitharaman
6 days, 12 hours ago

Lower Q2 GDP growth a temporary blip; economy to improve in coming quarters, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on Tuesday said the lower-than-expected GDP growth of 5.4% in the second quarter was a "temporary blip" and the economy will see healthy growth in the coming quarters. Replying to a debate in the Lok Sabha on the first batch of Supplementary Demands for Grants, she said India has seen "steady and sustained" growth and …

Will India's economic growth pick up pace? Nirmala Sitharaman answers
6 days, 23 hours ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

Indian Q2 growth below expectations, recovery signs emerge: SBI CAPS
2 weeks ago

Indian Q2 growth below expectations, recovery signs emerge: SBI CAPS

Live Mint  

New Delhi: The Indian economy faced a sluggish start to FY25, with Q2 GDP growth falling below expectations due to monsoon disruptions, subdued government spending, weaker urban demand and a slowdown in lending, SBI CAPS said in a report on Monday. “The Q2 GDP slowdown stems from four key factors: monsoon disruptions hitting industry, subdued government spending stalling capex, weakening …

SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25
2 weeks, 2 days ago

SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25

Hindustan Times  

The State Bank of India has projected India's gross domestic product would grow at 6.3% during the ongoing fiscal year, lower than the Reserve Bank of India's estimate of 6.6%, revised from the earlier 7.2%. India's GDP grew at 5.4% in the July-September quarter of FY25, the lowest in seven quarters The SBI said, “We believe that GDP growth for …

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

​A wake-up call: On the growth forecast
3 weeks ago

​A wake-up call: On the growth forecast

The Hindu  

Even the most pessimistic economic forecasters did not anticipate the sharp downturn in economic momentum reflected in the Gross Domestic Product estimates for the July-September quarter. From a five-quarter low of 6.7% in the first quarter, most independent economists expected GDP growth of 6.5% in Q2, citing slackening urban demand indicators such as moderating GST revenue growth, and weak consumer …

Q2 GDP slowdown: What it means for stock market investors
3 weeks ago

Q2 GDP slowdown: What it means for stock market investors

India Today  

India’s economy hit a speed bump in Q2 FY25, with GDP growth slowing to 5.4%—the weakest in seven quarters. For stock market investors already navigating weak corporate earnings and persistent foreign outflows, this slowdown adds to the challenges on Dalal Street. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The Q2 GDP shocker of 5.4% will weigh on …

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?
3 weeks ago

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?

Live Mint  

Why did the Q2 GDP growth surprise? The rapid pace of growth the economy posted just last year suddenly looks distant. The outlook remains weak as the world heads into a potential trade war and slowing global economic growth. The nominal GDP growth in the first half of FY25 is just 8.9%. The economy must grow at over 12% in …

RBI’s GDP projections on test as India’s Q2 GDP growth falls short
3 weeks, 3 days ago

RBI’s GDP projections on test as India’s Q2 GDP growth falls short

Live Mint  

The Indian economy experienced a big jolt in the July-September quarter of 2024-25, with the real GDP growth rate slowing to 5.36%, the lowest in seven quarters, data released by the statistics ministry on Friday showed. A back-of-the-envelope calculation suggests GDP growth will have to average 8.3% in the second half of the year to align with the RBI’s full-year …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 3 days ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

India Q2 GDP: Economy grows 5.4% in July-Sept, a 7-quarter low
3 weeks, 3 days ago

India Q2 GDP: Economy grows 5.4% in July-Sept, a 7-quarter low

Firstpost  

Government data released on Friday showed that India’s economic growth slowed down to 5.4 per cent in July-September 2024 compared to 8.1 per cent in year-ago quarter India's GDP for the second quarter of the fiscal year 2024 slowed down to 5.4 per cent. File image Government data released on Friday showed that India’s economic growth slowed down to 5.4 …

Experts see GDP growth below 6.5% in second quarter
3 weeks, 3 days ago

Experts see GDP growth below 6.5% in second quarter

New Indian Express  

NEW DELHI: Ahead of the release of official GDP numbers for the second quarter of FY25, economic analysts present varied estimates ranging from 6.2% to 6.9%. The outlook reflects contrasting indicators from various sectors of the economy, highlighting both structural challenges and potential growth drivers. ICRA has projected GDP growth to dip to 6.5% in Q2 from 6.7% in Q1FY25. …

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption
Trending News
3 weeks, 3 days ago

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption

India Today  

India’s GDP growth for the July-September quarter fell sharply to 5.4%, marking an 18-month low, as per data released by the National Statistics Office on Friday. Manufacturing growth decelerated significantly to 2.2%, compared to 14.3% in the same quarter last year and 7% in the previous quarter. The weaker-than-expected GDP growth raises concerns about the sustainability of economic recovery, particularly …

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll
3 weeks, 6 days ago

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll

Live Mint  

India's economic growth likely slowed to 6.5% in the September quarter, which would be its slowest pace in six quarters, according to the median estimate of 25 economists in a Mint poll. Economists in the poll forecast India's GDP growth would range between 6.20% and 6.85%, with only two of them expecting growth in the September quarter to outpace that …

India Q2 GDP: Economic growth likely moderated; should Indian investors be worried?
1 month ago

India Q2 GDP: Economic growth likely moderated; should Indian investors be worried?

Live Mint  

India's July-September quarter gross domestic product prints are expected to show moderation due to excess rainfall, weak corporate earnings and subdued rural and urban consumption. According to Rahul Bajoria, Head of India and ASEAN Economic Research at BofA Securities India, India's Q2FY25 GDP may grow by 6.3 per cent YoY, a six-quarter low, while gross value added growth is expected …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
1 month ago

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA

New Indian Express  

MUMBAI: Domestic rating agency ICRA on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. …

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 …

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 …

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters
3 months, 3 weeks ago

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Hindustan Times  

India's Gross Domestic Product moderated to 6.7% during the first quarter of the financial year 2024-25, compared to the 8.2% growth seen in the same quarter of the previous year, according to the data released by the Ministry of Statistics and Programme Implementation on Friday, August 30, 2024. India's GDP moderates to 6.7% in Q1 2024-25 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …

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 …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
6 months, 3 weeks ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

Indian economy to grow at 7.5 per cent in 2024, projects World Bank
8 months, 2 weeks ago

Indian economy to grow at 7.5 per cent in 2024, projects World Bank

India TV News  

The Indian economy will grow at 7.5 per cent in 2024, according to latest estimates by the World Bank. It raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia. The increase in the projected growth rate for …

On-target growth: 8% plus in 2023-24?
8 months, 3 weeks ago

On-target growth: 8% plus in 2023-24?

Live Mint  

Finance minister Nirmala Sitharaman has hinted that India’s economy will see gross domestic product expand 8% or more in the three months ended 31 March. “Hopefully, the fourth quarter… will also have 8% or above 8%, resulting in 2023-24 having an average growth in GDP of 8% or over 8%," she said at a Mint summit on Saturday. Further, for …

India’s Q3 GDP bucks all estimates at 8.4% growth
9 months, 3 weeks ago

India’s Q3 GDP bucks all estimates at 8.4% growth

Hindustan Times  

The Indian economy continued to outperform, with GDP growth in the quarter ending December coming in at 8.4%, beating analyst estimates by around 180 basis points or 1.8 percentage points, and the government now expects the economy to grow by 7.6% in 2023-24, up from the 7.3% projected in January. Given the fact that GDP numbers for 2021-22 and 2022-23 …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
9 months, 3 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

Exceeding expectations, Q3 GDP growth takes giant leap of 8.4%
9 months, 3 weeks ago

Exceeding expectations, Q3 GDP growth takes giant leap of 8.4%

New Indian Express  

February, 29 is a bonus day, thanks to the leap year. And in a befitting way, India's growth took a giant leap with its economic heart beating faster than everyone's expectations. The second advance estimates released Thursday showed Q3 GDP growth jumping a jaunty 8.4% -- way past consensus projections of 6.8%. As for the full fiscal year FY24, growth …

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 …

India’s real GDP growth for 2023-24 estimated at 7.3%
11 months, 2 weeks ago

India’s real GDP growth for 2023-24 estimated at 7.3%

The Hindu  

India’s real GDP growth in 2023-24 is estimated at 7.3%, compared to 7.2% a year ago, as per the first advance estimates of national income released by the National Statistical Office on Friday, which reckon the economy will outperform the 7% uptick recently projected by the Reserve Bank of India. With GDP growth in the first half of this year …

We must look beyond India’s exciting headline GDP numbers
1 year ago

We must look beyond India’s exciting headline GDP numbers

Live Mint  

The Indian economy’s stellar performance in the second quarter of fiscal 2023-24 put all previous GDP estimates, including the Reserve Bank of India’s own estimate of 6.5%, in the shade. Geopolitical factors, the strength of the US economy and hence the US Federal Reserve’s continued fight against inflation, and the ongoing global slowdown are sure to lower growth in the …

India’s Q2 GDP growth beats estimates at 7.6%
1 year ago

India’s Q2 GDP growth beats estimates at 7.6%

Hindustan Times  

India’s economy grew 7.6% in the second quarter of the year, exceeding analyst expectations comfortably on the back of higher government spending and a strong performance by the manufacturing and construction sectors. India’s Q2 GDP growth beats estimates at 7.6% {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “The GDP growth numbers for Q2 display the resilience and strength of the Indian economy in …

India’s GDP grew by 7.6 per cent during July-September quarter
1 year ago

India’s GDP grew by 7.6 per cent during July-September quarter

Op India  

The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. The Reserve Bank of India had maintained real GDP growth for 2023-24 at 6.5 per cent with Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent. The International Monetary Fund had …

India’s GDP increases to 7.6% in July-September
1 year ago

India’s GDP increases to 7.6% in July-September

Live Mint  

India retained the tag of the world's fastest-growing major economy, with its GDP expanding by a faster-than-expected rate of 7.6 per cent in the July-September quarter on booster shots from government spending and manufacturing. Gross domestic product, or GDP, growth of 7.6 per cent beat most estimates, including 6.5 per cent projected by the Reserve Bank of India. Chief Economic …

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts
1 year, 1 month ago

India’s GDP may expand by 7% in 2nd quarter of FY24: Experts

Hindustan Times  

India’s gross domestic product may expand by nearly 7% in the second quarter of FY24 on sound economic fundamentals, exceeding the Reserve Bank of India’s October 6 estimate of 6.5%, but in line with governor Shaktikanta Das’s prediction on Tuesday, at least four experts said. Speaking at the Business Standard BFSI Insight Summit on Tuesday, Das said India’s economic growth …

Tracking India’s growth trajectory
1 year, 3 months ago

Tracking India’s growth trajectory

The Hindu  

The conventional way to assess a country’s economic situation is to look at the quarterly and annual GDP growth rate and compare it to previous quarters as well as years. The Q1 data covering the GDP growth rate from April to June of FY24 boasts a nominal growth rate of 8% and a real growth rate of 7.8%. Calculating GDP …

Real growth vs. fake arguments: And never the twain shall meet
1 year, 3 months ago

Real growth vs. fake arguments: And never the twain shall meet

Live Mint  

After India announced its fiscal first quarter GDP growth of 7.8%, several forecasters, including credit rating agencies, raised their forecasts for economic growth in calendar year 2023 or 2023-24. When statistical authorities reported a GDP contraction of around 25% in the first quarter of 2020-21, there was nary a murmur on the credibility of Indian statistics because it had reported …

India’s GDP growth accelerates to one-year high at 7.8% in June quarter
1 year, 3 months ago

India’s GDP growth accelerates to one-year high at 7.8% in June quarter

Live Mint  

India's gross domestic product grew by 7.8 per cent in the April-June quarter of current fiscal, compared to a growth of 6.1 per cent in the previous January-March quarter of fiscal 2022-23, according to official data shared by the National Statistical Office. However, some economists and rating agencies expect India's Q1 GDP print to beat the 8 per cent forecast …

RBI Monetary policy: GDP growth estimate for FY24 maintained at 6.50%
1 year, 6 months ago

RBI Monetary policy: GDP growth estimate for FY24 maintained at 6.50%

Live Mint  

In the recent data released during RBI Monetary Policy meeting, Real GDP growth projections for the financial year 2023-24 is projected at 6.5 percent with Q1 projections being 8 percent, Q2 projections being 6.5 percent, Q3 projections being 6 percent and Q4 projections being 5.7 percent. On the demand side, Real GDP for financial year 2022 -23 recorded 7.2 percent …

Growth in India is expected to slow to 6.3% in FY2023: World Bank
1 year, 6 months ago

Growth in India is expected to slow to 6.3% in FY2023: World Bank

The Hindu  

Growth in India is expected to slow to 6.3 % in FY 2023/24, a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. “Growth in India is expected to slow further to 6.3 % in FY 2023/24, a 0.3 …

FY23 GDP growth hits 7.2% after a strong Q4
1 year, 6 months ago

FY23 GDP growth hits 7.2% after a strong Q4

Hindustan Times  

The Indian economy grew at 7.2% in the fiscal year 2022-23, positively surprising most analysts and exceeding the government’s own projection of 7% GDP growth. GDP growth in the quarter ending March 2023 was 6.1%, which is a full percentage point higher than the median forecast of 5.1% by a Bloomberg poll of economists. While goods and services exports grew …

GDP growth may cross 7% in 2022-23: RBI Governor
1 year, 6 months ago

GDP growth may cross 7% in 2022-23: RBI Governor

The Hindu  

India’s GDP growth in 2022-23 may well surpass the 7% estimate, while retail inflation is likely to go below the 4.7% mark this month, and gross non-performing assets in the banking system have likely dipped further in the January to March 2023 quarter, Reserve Bank of India Governor Shaktikanta Das said on Wednesday. “I will not be surprised if India’s …

The growth math: On India’s growth prospects
1 year, 8 months ago

The growth math: On India’s growth prospects

The Hindu  

On Tuesday, two multilateral institutions presented their regional economic outlook for this year, scaling down their projection for India’s growth prospects in 2023-24. The Manila-based Asian Development Bank noted that a rebounding China’s and India’s domestic demand would lift up Asia’s growth prospects. However, it slashed its 2023-24 GDP growth forecast for India from 7.2% to 6.4%, citing tight monetary …

World Bank slashes India’s GDP growth forecast to 6.3%
1 year, 8 months ago

World Bank slashes India’s GDP growth forecast to 6.3%

Hindustan Times  

The World Bank on Tuesday cut India’s growth forecast for 2023-24 to 6.3% from its December estimate of 6.6% amid global headwinds and with rising borrowing costs and slower income growth leading to a moderation in consumption, even as its country director Auguste Tano Kouame said the Indian economy continues to show strong resilience to external shocks. World Bank slashes …

India 2022-23 Q3 GDP growth slows to 4.4%, past data upgraded
1 year, 9 months ago

India 2022-23 Q3 GDP growth slows to 4.4%, past data upgraded

The Hindu  

India’s GDP growth slowed to 4.4% between October to December 2022 quarter from 6.3% in the second quarter of 2022-23 as per the National Statistical Office, which retained its full year growth estimate for the economy at 7%, despite revising 2021-22 GDP rise higher to 9.1% from 8.7% earlier reckoned. “The growth momentum has carried… it is the base effect …

India's GDP growth slows to 4.4% in October-December quarter
1 year, 9 months ago

India's GDP growth slows to 4.4% in October-December quarter

India Today  

India’s GDP growth for the quarter ended December 2022 moderated to 4.4 per cent, as per government data. The data also indicated that real GDP growth for the ongoing financial year is estimated at 7 per cent. Weaker GDP growth in the third quarter could also impact the central government’s GDP growth projections for the full financial year ending March …

RBI projects economic growth at 6.4% for next fiscal
1 year, 10 months ago

RBI projects economic growth at 6.4% for next fiscal

Firstpost  

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the RBI’s internal survey says manufacturing, services and infrastructure sector firms are optimistic of the business outlook New Delhi: The Reserve Bank of India has projected India’s economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political …

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal
1 year, 10 months ago

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday tabled the economic survey 2022-23 in Parliament. The economic survey forecast India's economy to grow at 6.5 per cent in 2023-24, compared to 7 per cent this fiscal and 8.7 per cent in 2021-22. The economic survey forecast its economy will grow 6 per cent to 6.8 per cent in the next financial …

Economic Survey 2022-23 | Survey presents comprehensive analysis of India’s growth trajectory: PM Modi
1 year, 10 months ago

Economic Survey 2022-23 | Survey presents comprehensive analysis of India’s growth trajectory: PM Modi

The Hindu  

The Union Finance Minister, Nirmala Sitharaman, tabled the Economic Survey for the Financial Year 2022-23, after the President’s address, on the first day of the Union Budget Session 2023-24 today. The Economic Survey said that India’s economic recovery from the pandemic is complete and the economy is expected to grow in the range of 6% to 6.8% in the coming …

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