Charting the economic journey ahead
2 years, 1 month ago

Charting the economic journey ahead

The Hindu  

The big question before India is where its economy will be 25 years from now. According to one estimate, during the five decades, India’s annual growth rate was just 0.89%. Early strategy In the early period, India’s strategy of development comprised four elements — raising the savings and investment rate; dominance of state intervention; import substitution, and domestic manufacture of capital goods. India’s average growth till the end of the 1970s remained modest, with the average growth rate being 3.6%. Raise the growth rate Post COVID-19 and the Russia-Ukraine war, there is a need to lay down a road map for India’s future development.

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History of this topic

India’s economy projected to grow 6.6% in 2025, driven by private demand, investment: UN
4 days, 15 hours ago

India’s economy projected to grow 6.6% in 2025, driven by private demand, investment: UN

Live Mint  

The Indian economy is projected to expand by 6.6 per cent in 2025, primarily supported by robust private consumption and investment, according to a United Nations report. It also said that the near-term outlook for South Asia is expected to remain robust, with growth projected at 5.7 per cent in 2025 and 6.0 per cent in 2026, “driven by strong …

Decoding India’s growth slowdown
Trending News
5 days, 3 hours ago

Decoding India’s growth slowdown

The Hindu  

The first advance estimates of India’s Gross Domestic Product in 2024-25, released by the National Statistics Office this week, shows a decline in the real GDP growth rate to 6.4% from 8.2% registered in 2023-24. The annual growth rates of real gross fixed capital formation in public and private sectors During the 10 years of the United Progressive Alliance rule, …

India’s real GDP expected to rise 6.4% in FY25
1 week ago

India’s real GDP expected to rise 6.4% in FY25

The Hindu  

India’s real Gross Domestic Product is expected to rise 6.4% in this financial year, slowing from 8.2% in 2023-24, the National Statistics Office said on Tuesday in its first advance estimates of GDP for 2024-25. The real Gross Value Added in the Indian economy is reckoned to rise 6.4% as well, relative to a 7.2% uptick in 2023-24, with Agriculture …

India Sees Economic Growth at 6.5% for the Year Through March
2 weeks, 5 days ago

India Sees Economic Growth at 6.5% for the Year Through March

Live Mint  

-- India expects the economy to grow at around 6.5% in the year through March, against 8.2% a year before, after the economy slowed unexpectedly in the July-September quarter. “We expect the economy to grow at around 6.5% in real terms in financial year 2024-25,” the Department of Economic Affairs said in its monthly economic review for November. “India’s growth …

How the Indian economy fared in 2024, in 9 charts
3 weeks, 1 day 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 …

Will India's economic growth pick up pace? Nirmala Sitharaman answers
4 weeks, 1 day 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, …

Govt confident of economic rebound despite global challenges, says Piyush Goyal
1 month ago

Govt confident of economic rebound despite global challenges, says Piyush Goyal

Live Mint  

New Delhi: Despite global uncertainties owing to supply-chain disturbances following the Red Sea crisis, union commerce and industry minister Piyush Goyal has said he was confident that India's economic growth would be back on track by the end of the fiscal year. Speaking at Times Network’s India Economic Conclave on Thursday, Goyal said, "There was an election in the first …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
1 month, 2 weeks 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
1 month, 2 weeks 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 …

India’s GDP growth: The first half faltered, but economy seen rebounding in the second
Trending News
1 month, 2 weeks ago

India’s GDP growth: The first half faltered, but economy seen rebounding in the second

Live Mint  

Two consecutive quarters of disappointing economic growth have left economists pinning their hopes on a rebound in the second half of the fiscal year. Some economists, however, expect India’s FY25 GDP growth to be lower than the Reserve Bank of India’s 7.2% outlook because of the disappointing economic growth in the first two quarters of the fiscal year. “Government will …

IMF Sees India's Economic Growth and Outlook as Stable
2 months, 3 weeks 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 …

Economic growth of India is better than that of China, says economist
4 months ago

Economic growth of India is better than that of China, says economist

The Hindu  

Disputing a popular notion that the economic growth of China was faster than India’s, economist A.P. Though the investment in production activity in India is at the rate of 31.2% of the GDP in the production activity, the ICUR in India is only 4.5% and the growth rate was high at 7%,” Prof Tiwari said. The budding entrepreneurs in the …

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant
4 months ago

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant

News 18  

India will be driving 20 per cent of the world’s economic growth in the next decade as it continues its march to become the third largest economy globally, according to G20 Sherpa Amitabh Kant. The country will be driving 20 per cent of the world’s economic growth in the next decade, he added. “If India is to grow at 9-10 …

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch
4 months, 2 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 …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months, 3 weeks 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 may grow 6.7% on average from FY25-FY27: World Bank
7 months 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 …

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling
7 months 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 FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%
7 months, 2 weeks ago

India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%

Hindustan Times  

India's economy grew by 7.8% in the January-March quarter from a year earlier, compared with 8.4% growth in the previous quarter, government data showed. A file photo of Prime Minister Narendra Modi with finance minister Nirmala Sitharaman Data released by the National Statistical Office showed that the gross domestic product expanded 6.2 per cent in the January-March period of the …

GDP growth impresses, but rural demand remains a worry
7 months, 2 weeks ago

GDP growth impresses, but rural demand remains a worry

New Indian Express  

India’s economic growth seems to be going gangbusters. Ending nearly a decade-long wait, real GDP growth crossed the 8 percent mark, touching 8.2 percent in 2023-24. Provisional data released by the National Statistics Office also showed that the gross value added—net of subsidies and taxes, and hence considered a better measure of economic activity—grew by 7.2 percent. Agriculture and allied …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
7 months, 2 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
9 months, 1 week 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
9 months, 2 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 …

Top 1% Indians’ income share is higher now than under British-rule: Data
9 months, 3 weeks ago

Top 1% Indians’ income share is higher now than under British-rule: Data

The Hindu  

March 23, 2024 08:28 am | Updated 05:23 pm IST In 2022, 22.6% of the national income went to the top 1% of Indians. Chart 2 | The chart shows the year-wise share of national income for the top 10%, the bottom 50% and the middle 40% of the population To start with, in the 1950s and 60s, the income …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
10 months, 2 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, 3 weeks 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 …

Riding high on the growth momentum
1 year 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 …

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

Focus on India's Strengths for Faster Growth: Rajan
1 year ago

Focus on India's Strengths for Faster Growth: Rajan

Deccan Chronicle  

In 2005, Dr Raghuram Rajan, then with the International Monetary Fund, drew disapproving looks from an audience of economists and bankers in Jackson Hole, Wyoming, in the US, when he said the roll-out of complicated instruments, such as credit-default swaps and mortgage-backed securities, made the global financial system a riskier place. Dr Rajan, Katherine Dusak Miller Distinguished Service Professor of …

India’s share of global growth to rise to 18% in 5 years: IMF official
1 year, 2 months ago

India’s share of global growth to rise to 18% in 5 years: IMF official

The Hindu  

India’s contribution to global economic growth will rise by 2 percentage points in 5 years as the Indian economy is projected to grow faster in the coming years, a senior International Monetary Fund official said on Thursday. “Currently China and India’s contribution to global growth is 50%,” said Krishna Srinivasan, Director, IMF Asia & Pacific Department. Observing that the Asia …

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 …

An uneven rebound: The Hindu Editorial on the economy
1 year, 4 months ago

An uneven rebound: The Hindu Editorial on the economy

The Hindu  

India’s economy, as measured by the Gross Domestic Product as well as the Gross Value Added, grew 7.8% in the first quarter of the year. But the months ahead could prove to be more challenging with global headwinds that have hit goods exports and manufacturing already, combining with domestic pressures from the renewed spurt in inflation and the likelihood of …

India shows an impressive 7.8% economic growth in April-June quarter
1 year, 4 months ago

India shows an impressive 7.8% economic growth in April-June quarter

Associated Press  

NEW DELHI — India’s economy registered impressive growth of 7.8% in the first quarter of the current financial year, attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. India’s agriculture sector recorded growth of 3.5% in three months, up from 2.4% in the April-June quarter last year, according to the data released …

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?
1 year, 4 months ago

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?

The Hindu  

Published : Aug 24, 2023 11:00 IST - 6 MINS READ On the completion of 76 years since Indian Independence, a wide range of “informed” opinions from government spokespersons, non-government analysts, and large sections of the domestic and foreign media, enthusiastically or grudgingly declared that, as an economy, India is doing very well. This bounce back from the 5.8 per …

Data | Measuring India’s relative progress in the past 76 years
1 year, 4 months ago

Data | Measuring India’s relative progress in the past 76 years

The Hindu  

India observed its 77th Independence Day this year. This analysis measures India’s relative performance in the past 76 years compared to other countries across four parameters — GDP per capita, Human Development Index, Infant Mortality Rate and women’s participation in Parliament. Click to remove AMP mode India’s GDP per capita ranking of 24 out of 26 nations analysed remained unchanged …

Explained: What drove India's GDP growth in FY23?
1 year, 7 months ago

Explained: What drove India's GDP growth in FY23?

Live Mint  

In 2022-23, real gross domestic product growth—which is adjusted for inflation—was at 7.2%, against 9.1% in 2021-22. The difference between taxes earned and subsidies given on products grew by 10.1%—more than the GVA growth of 7%—and helped GDP grow by 7.2%. This implies an economic growth of 3.4% per year on average over these four years, clearly showing that even …

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress
1 year, 7 months ago

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress

Firstpost  

According to data released by the National Statistical Office, India’s economy will see an overall growth of 7.2 per cent in FY23. The country has witnessed steady growth among some of the fastest-growing economies including China and the US Lauding the Indian economy’s exceptional growth in Q4 FY23, Prime Minister Narendra Modi said that the latest figures by National Statistical …

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS
1 year, 7 months ago

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS

India TV News  

India's GDP Growth: National Statistical Office on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. According to data released by the National Statistical Office, the Gross Domestic Product had expanded by 4 percent in the January-March period of 2021-22. The economy expanded 7.2 per cent in 2022-23 against a 9.1 per cent …

India’s economy picks up speed amid global slowdown
1 year, 7 months ago

India’s economy picks up speed amid global slowdown

Al Jazeera  

With 6.1% quarterly growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles. India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish, government data shows. The manufacturing sector, which for the past decade has accounted for just 17 percent …

India’s post-pandemic potential growth could be pushed higher
1 year, 9 months ago

India’s post-pandemic potential growth could be pushed higher

Live Mint  

Three years have now passed since the pandemic brought the world to a standstill. The World Bank has this week released a large database with estimates of potential growth over the years for various countries. First, the World Bank estimates Indian potential growth at 7% a year. Second, Indian potential growth is higher than that of most emerging economies it …

Maha Expected to See 6.8% Growth: Economic Survey 2022-23
1 year, 10 months ago

Maha Expected to See 6.8% Growth: Economic Survey 2022-23

News 18  

Maharashtra deputy chief minister and finance minister Devendra Fadnavis tabled the Economic Survey 2022-23 on Wednesday, which indicated that the state’s economy is expected to have grown by 6.8% against the national growth of 7%. As per the Economic Survey, the fiscal deficit of the Maharashtra government is expected to be at 2.5% for 2022-23. At the national level, the …

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey
1 year, 10 months ago

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey

News 18  

The Maharashtra Economic Survey, tabled on Wednesday, pegged the state’s economic growth at 6.8 per cent for the current financial year 2022-23. It said that in 2022-23, the state’s agriculture and allied activities sector is expected to grow 10.2 per cent, industry sector by 6.1 per cent and services sector by 6.4 per cent. According to the Economic Survey 2022-23, …

India's Per Capita Income Doubles Since 2014-15
1 year, 10 months ago

India's Per Capita Income Doubles Since 2014-15

News 18  

India’s per capita income in nominal terms doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power but uneven income distribution remains a challenge. “You are looking at GDP in current prices, but if you account for inflation, the increase is much less,” said noted development economist Jayati Ghosh on doubling of per capita income in …

India's GDP Growth: Economists Must Not Go by Face Value & Assess Data Robustly
1 year, 10 months ago

India's GDP Growth: Economists Must Not Go by Face Value & Assess Data Robustly

The Quint  

As argued before, while reviewing the macro-elements and components of growth in any statistical interpretation exercise, it’s difficult to get the full picture one needs. For example, keeping aside the base effect, the fact that private consumption demand is still woefully low, indicates how much of the low-middle income and middle-income class in India is ‘consuming less’ and their demand …

Parsa Venkateshwar Rao Jr | Slow economic growth a major challenge for govt
1 year, 10 months ago

Parsa Venkateshwar Rao Jr | Slow economic growth a major challenge for govt

Deccan Chronicle  

The economic indicators listed in the monetary policy statement of the Reserve Bank of India, raising the repo rate to 6.5 per cent from 6.25 per cent on February 8, is sobering after the high rhetoric used by finance minister Nirmala Sitharaman in her Budget speech on February 1. The revenue buoyancy of the government, especially from the Goods and …

Economic Survey 2022-23 | Economy on stronger wicket than pre-COVID times, to grow 6.5% in 2023-24
1 year, 11 months ago

Economic Survey 2022-23 | Economy on stronger wicket than pre-COVID times, to grow 6.5% in 2023-24

The Hindu  

Painting an exuberant picture of the Indian economy’s prospects thanks to “New Age” reforms undertaken since 2014, the Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Tuesday asserted that not only are the pandemic-induced blues over, but the outlook for the years ahead is also rosier than in the pre-COVID years. Though global uncertainties are rife and …

Economy to grow at quick pace: Survey
1 year, 11 months ago

Economy to grow at quick pace: Survey

Deccan Chronicle  

New Delhi: Sensing the global slowdown that may hurt exports and other similar economic parameters, India on Tuesday expected that its economy will grow 6–6.8 per cent in the next financial year starting April 1, down from the 7 per cent projected for the current financial year and 8.7 per cent in 2021–22. As per the government’s annual Economic Survey, …

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal
1 year, 11 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: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal
1 year, 11 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 …

India has done well last year but lags many other nations, says former Chief Economic Adviser Kaushik Basu
1 year, 11 months ago

India has done well last year but lags many other nations, says former Chief Economic Adviser Kaushik Basu

The Hindu  

The erosion of India’s institutions is a worry and India’s leaders should tackle this problem on an urgent basis, said Kaushik Basu, a professor of economics at Cornell University. In an interview with The Hindu in the lead-up to Union Budget, the former chief economic advisor to the Government of India, talked about the state of the Indian economy, the …

Indian GDP to grow 5.8%: UN
1 year, 11 months ago

Indian GDP to grow 5.8%: UN

Deccan Chronicle  

Chennai: As higher interest rates and a global slowdown weigh in on investment and exports, India is expected to grow at 5.8 per cent in 2023 and 6.7 per cent in 2024. Similarly, in South Asia, the economic outlook has significantly deteriorated due to high food and energy prices, monetary tightening and fiscal vulnerabilities and average GDP growth is projected …

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