A $5 trillion economy, but for whom?
1 year ago

A $5 trillion economy, but for whom?

The Hindu  

Last week, at an election rally in Chhattisgarh, Prime Minister Narendra Modi announced that he is extending the Pradhan Mantri Garib Kalyan Ann Yojna, a scheme providing 5 kg of foodgrains free every month to beneficiaries of the National Food Security Act, by five years because he does not want any citizen to sleep hungry. This is the year the government expects India to become the third largest economy in the world, with a GDP of $5 trillion. The story of Japan’s growth For reference, let’s take a look at Japan today, the third largest economy by GDP in the world. India’s economic growth pivots on capital, productivity and labour, and data show that for over four-fifth of Indians, the $5 trillion economy is a bridge too far. The government’s tools and sectors for achieving this goal were identified by the Minister of State for Finance, Pankaj Chaudhri, in Parliament on August 2023 as “digital economy, fintech, energy transition, climate change… GST, Insolvency and Bankruptcy Code, decrease in corporate tax, Make in India, Start-Up India, Production Linked Incentives”, all prefaced by the mandatory mantra “inclusive growth”.

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Fadnavis makes Maha pitch, says will make economy USD 1 trillion by 2030
1 week, 2 days ago

Fadnavis makes Maha pitch, says will make economy USD 1 trillion by 2030

New Indian Express  

MUMBAI: Chief Minister Devendra Fadnavis on Friday said Maharashtra will be a trillion dollar economy by 2028-30 and play a key role in India’s growth story under Prime Minister Narendra Modi. He said Mumbai will play a major role in the growth of Maharashtra and the financial capital of India will become the country’s fintech capital in the coming years. …

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors
1 week, 3 days ago

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors

India TV News  

India has reached a historic milestone with foreign direct investment inflows surpassing USD 1 trillion since April 2000, according to the Department for Promotion of Industry and Internal Trade. Top FDI sources: Small nations lead the pack Mauritius and Singapore dominate Mauritius emerged as the largest contributor, accounting for 25 per cent of FDI inflows, closely followed by Singapore at …

India can be a $9 trillion economy by 2030: Arvind Panagariya
1 week, 4 days ago

India can be a $9 trillion economy by 2030: Arvind Panagariya

Live Mint  

India is poised to surpass the position of the world's third-largest economy by 2030, with its gross domestic product expected to expand to $6.5-9 trillion, said Arvind Panagariya, the chairman of the 16th Finance Commission of India, on Thursday. Speaking at the Times Network India Economic Conclave 2024, Panagariya, former vice chairperson of NITI Aayog, said the Indian economy, despite …

India’s GDP growth shocker: Bad news can be good too
2 weeks, 5 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor
3 weeks ago

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor

Deccan Chronicle  

New Delhi: In line with the Economic Survey, India's chief economic advisor V Anantha Nageswaran on Monday said that the country's potential GDP growth is in the range of 6.5-7 percent and the country should be able to achieve it on the back of things that have already happened in the last 10 years whether it is in terms of …

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 to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report

New Indian Express  

NEW DELHI: India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said, "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". The …

IMF Sees India's Economic Growth and Outlook as Stable
2 months ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

India's GDP grows by 6.7 percent in Q1: Govt report
3 months, 3 weeks ago

India's GDP grows by 6.7 percent in Q1: Govt report

Hindustan Times  

India's gross domestic product slowed to a five-quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data. India's GDP grows by 6.7 percent in Q1: Govt report India remains the fastest-growing major economy, as China's GDP growth in the …

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch
3 months, 3 weeks ago

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch

The Hindu  

Goldman Sachs expects India’s economy to grow to $50 trillion by 2075, that is, in a little over 50 years from now. But former chief economic adviser to the Narendra Modi government, Krishnamurthy Subramanian, in a new book, India@100: Envisioning Tomorrow’s Economic Powerhouse, believes that India has the potential to do far better and that it could possibly become even …

India to Become Third Largest Economy in Two Years: Vice President Jagdeep Dhankhar
4 months, 2 weeks ago

India to Become Third Largest Economy in Two Years: Vice President Jagdeep Dhankhar

News 18  

Asserting that India’s rise is unstoppable, Vice President Jagdeep Dhankhar on Wednesday said the country will become the third largest economy in the world in two years. The “Be Vocal for Local” clarion call given by the Prime Minister has economic freedom at this core, with handloom products being one of its key elements, said the Vice President. Strongly advocating …

Modi vows to hold himself accountable for making India world’s 3rd-largest economy
4 months, 3 weeks ago

Modi vows to hold himself accountable for making India world’s 3rd-largest economy

Hindustan Times  

Prime Minister Narendra Modi on Tuesday vowed to hold himself accountable for making India the world’s third-largest economy in his third term and said he was pleased to say that great and consistent progress was being towards achieving the ambitious goal. I am holding myself accountable for my vow to make India the world’s third-largest economy in my third term,” …

NITI Aayog Envisions India as $30 Trillion Economy by 2047
4 months, 3 weeks ago

NITI Aayog Envisions India as $30 Trillion Economy by 2047

Deccan Chronicle  

New Delhi: India's policy think-tank NITI Aayog said that the country needs to strive to be a $30 trillion economy — almost nine times from today's $3.36 trillion, with a per capita income of $18,000 per annum by 2047, according to its approach paper for vision for Vikshit Bharat in 2047. “The gross domestic product or GDP would have to …

India’s Modi focuses on jobs creation in first budget after winning polls
5 months ago

India’s Modi focuses on jobs creation in first budget after winning polls

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power. Modi said the budget will lead India toward “better growth and a bright future.” “Today’s budget will act as a …

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 …

China's economic growth sharply below forecast in last quarter as consumer demand weakens
5 months, 1 week ago

China's economic growth sharply below forecast in last quarter as consumer demand weakens

India TV News  

China’s economy grew at a slower-than-forecast 4.7 per cent annual rate in the last quarter, the government said on Monday. The world's second-largest economy grew 4.7 per cent in April-June, official data showed, its slowest since the first quarter of 2023 and missing a 5.1 per cent analyst forecast in a Reuters poll. United Nations' projections for India The United …

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 …

Gautam Adani feels it's 'the best time to be an Indian’: ‘No other country…’
6 months ago

Gautam Adani feels it's 'the best time to be an Indian’: ‘No other country…’

Hindustan Times  

Gautam Adani- Adani Group chairman- said that India is on the brink of an unprecedented economic boom within the next decade as the country could start adding trillion dollars to its GDP every 12 to 18 months. This could make India a $30 trillion economy by 2050, Gautam Adani said while speaking at Crisil Ratings' ‘Annual Infrastructure Summit’ where he …

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 Modi urged to set ‘ambitious’ economic agenda after poll humbling
6 months, 2 weeks ago

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Al Jazeera  

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Despite strong headline economic growth, nearly half of India’s population is still employed in the relatively unproductive agricultural sector – a share that rose during Modi’s second term, from 42.5 percent in 2018-19 to 45.8 …

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 …

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant
7 months, 1 week ago

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant

India TV News  

Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. Some highlights of India's journey to the top 5 economies of the world in 2024 from Fragile 5 in 2013, according …

P Chidambaram's ‘no magic’ barb at PM Modi on ‘India becoming 3rd largest economy’
7 months, 3 weeks ago

P Chidambaram's ‘no magic’ barb at PM Modi on ‘India becoming 3rd largest economy’

Hindustan Times  

Former finance minister P Chidambaram said India will become the third largest economy in the world regardless of who becomes the PM, describing Prime Minister Narendra Modi as a “master of exaggeration” for “turning an arithmetic inevitability into a guarantee”. Former finance minister P Chidambaram said India would achieve the feat given the size of its population and there was …

Towards a less poor and more equal country
7 months, 4 weeks ago

Towards a less poor and more equal country

The Hindu  

In March, World Inequality Lab, a global research centre focused on inequality and public policies, published a working paper titled, ‘Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj’. It states that “the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces.” Inequality undermines both …

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 …

PM Modi sets ambitious India economic goals for probable third term
8 months, 2 weeks ago

PM Modi sets ambitious India economic goals for probable third term

Live Mint  

Indian Prime Minister Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade, according to a government document seen by Reuters. Independent economist Saugata Bhattacharya said doubling the economy by the end of the decade would be a "very difficult feat" requiring 6%-6.5% growth for …

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

World Bank projects Indian economy to grow at 7.5% in 2024

Hindustan Times  

The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India. Overall, growth in South Asia is expected …

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 …

India to be fastest growing economy among G-20 nations in 2024
8 months, 3 weeks ago

India to be fastest growing economy among G-20 nations in 2024

Op India  

India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3. The most recent upgrade came from Goldman Sachs, which has raised India’s 2024 growth projections to 6.6 per cent, a 10 basis …

India to be third top economy in few years, says Nirmala Sitharaman
9 months, 1 week ago

India to be third top economy in few years, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in the world economy from the current fifth position in the near future. ‘We should attain economic freedom’ Observing that India was a rich country about 400 years ago, …

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant
9 months, 2 weeks ago

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant

ABP News  

India is set to become the third-largest economy and stock market in the world in the next five years, G20 Sherpa and former NITI Aayog chairman Amitabh Kant said at the India Dialog conference, organised by the Stanford University US-Asia Technology Management Center, in partnership with the Institute for Competitiveness. Sharing his inputs on the country’s growth, Kant stated: “In …

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 …

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’
9 months, 3 weeks ago

GDP growth at 8.4 per cent in Dec quarter, PM Narendra Modi hails ‘strength, potential of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Thursday took to social media platform X after government data showed that India's economy grew by 8.4 per cent in the December quarter. The growth rate of GDP during 2023-24 is estimated at 7.6 per cent compared to the growth rate of 7.0 per cent in 2022-23," the government statement added. The GDP at current …

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 …

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant
10 months ago

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

Business Standard  

"Our aim will be to become the cheapest producer, the cheapest exporter of green hydrogen and its liquid form ammonia and to be the biggest manufacturer of electrolyzer," he said | Photo: Bloomberg India will be the third largest economy by 2027 and it needs to grow at rapid rates to become a $35 trillion economy by 2047, the country's …

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments
10 months, 1 week ago

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments

The Hindu  

February 12, 2024 11:06 pm | Updated February 13, 2024 09:54 pm IST With the BJP-led government exuding over-confidence on the state of the economy, the interim Budget presented earlier this month has shifted focus to fiscal consolidation. Even then, the simple truth which is evident from the official data is that on average, real GDP growth was at least …

'India will become 3rd largest economy in NDA's third term': PM Modi in Lok Sabha
10 months, 2 weeks ago

'India will become 3rd largest economy in NDA's third term': PM Modi in Lok Sabha

Hindustan Times  

Prime Minister Narendra Modi exuded confidence of India becoming the third largest economy in the world when NDA wins its third term. PM Modi in Lok Sabha on Monday During his reply to ‘Motion of Thanks’ in Lok Sabha, PM Modi asserted that India will emerge as the third largest economy in the world over the course of the next …

India will be world's third largest economy in our third term: PM Modi's guarantee in Lok Sabha
10 months, 2 weeks ago

India will be world's third largest economy in our third term: PM Modi's guarantee in Lok Sabha

India TV News  

Motion of Thanks on President's Address: Replying to the discussion on the Motion of Thanks on the President’s address in the Lok Sabha, Prime Minister Narendra Modi on Monday guaranteed that India will become the third largest economy in the world after US and China during the BJP government's third consecutive term at the Centre. 'Modi's guarantee' Taking a swipe …

“India will become the world's third-largest economy during our third term”: PM Modi
10 months, 3 weeks ago

“India will become the world's third-largest economy during our third term”: PM Modi

Op India  

Prime Minister Narendra Modi on Friday expressed confidence that the country will emerge as the third-largest economy in the world during the third straight term of the Bharatiya Janata Party government at the Centre. “It is certain that India will become the world’s third-largest economy during our third term. The Prime Minister further said that the country has seen the …

Vantage | What India must do to be a $7 trillion economy by 2030
10 months, 3 weeks ago

Vantage | What India must do to be a $7 trillion economy by 2030

Firstpost  

As the Indian government gears up to present the annual budget in what is considered the last one ahead of the general election, the focus is on maintaining stability with an interim budget. In the next three years, India aims to secure its position as the world’s third-largest economy, targeting a GDP of $5 trillion dollars. Projections for India’s growth …

India will be $7 trillion economy by 2030
10 months, 3 weeks ago

India will be $7 trillion economy by 2030

Firstpost  

India can aspire to become a $7 trillion economy by 2030, according to “The Indian Economy: A Review” written by V Anantha Nageswaran, Chief Economic Adviser to the government, and his team of economists. Meanwhile, as per National Statistical Office, the Indian economy is estimated to grow 7.3 per cent in 2023-24, while Reserve Bank of India projected a 7 …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin
10 months, 3 weeks ago

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin

Live Mint  

Even as the finance ministry expects FY24 economic growth to exceed the central bank’s projection of 7%, it also expects growth in the following year, FY25, to be close to 7%, even though geopolitical risks could lead to supply chain disruptions and a rise in inflation. The ministry’s latest monthly economic review also said that under reasonable assumptions, India can …

Indian economy likely to grow at 7% in FY25, says government
10 months, 3 weeks ago

Indian economy likely to grow at 7% in FY25, says government

India Today  

The Indian economy is poised for a growth rate of 7 per cent in the fiscal year 2024, with optimistic projections extending into FY25, according to a review of the Indian economy presented by the government. "The robustness seen in domestic demand, namely, private consumption and investment, traces its origin to the reforms and measures implemented by the government over …

What should India do to become a wealthy nation by 2047?
10 months, 3 weeks ago

What should India do to become a wealthy nation by 2047?

The Hindu  

In the first session of The Hindu Lit Fest 2024, N. Ravi, Chairman of Kasturi and Sons Limited; Jayati Ghosh, Professor of Economics at the University of Massachusetts Amherst; Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission; Sanjay Kaul, development policy analyst and former IAS officer; and T.N. Along with inclusive growth, you also need the development of …

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das
11 months ago

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das

India TV News  

Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland. We expect the Indian economy to grow 7 per cent in fiscal 2024-25," said Das. …

India’s Markets Are Turning Into an Inexorable Force
11 months, 1 week ago

India’s Markets Are Turning Into an Inexorable Force

Bloomberg  

Anyone wondering whether the India juggernaut is sustainable will find the answer in bonds, which have a penchant for discerning the way of the world and telling every other market what to do. At least $1 trillion of government securities traded multiple times annually in the most populous nation and biggest democracy are poised to become the darling of international …

Riding high on the growth momentum
11 months, 1 week ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has …

Gujarat aims to contribute 10 per cent to GDP, targets USD 500 billion economy by 2026-27: Bhupendra Patel
11 months, 2 weeks ago

Gujarat aims to contribute 10 per cent to GDP, targets USD 500 billion economy by 2026-27: Bhupendra Patel

India TV News  

Gujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10 per cent to India's GDP and become a USD 500 billion economy by 2026-27. At present, Gujarat, with five per cent of the country's population, contributes 8.3 per cent to the national Gross Domestic Product, and in the previous year, the state accounted for …

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates
11 months, 2 weeks ago

Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates

India TV News  

The government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23. Releasing the first advance estimates of National Income for 2023-24, the NSO said, "Real GDP or GDP at Constant Prices in the year 2023-24 is estimated to attain a level of Rs 171.79 …

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