Sitharaman Says Economic Activity To Likely Improve In Q3, Backed By Public Expenditure
2 weeks, 1 day ago

Sitharaman Says Economic Activity To Likely Improve In Q3, Backed By Public Expenditure

ABP News  

Finance Minister Nirmala Sitharaman on Friday said that the slowdown in GDP growth in the July-September quarter was not systemic. The minister said that economic activity in the third quarter is likely to improve backed by better public expenditure. Notably, the GDP growth rate stood at 5.4 per cent in the second quarter, hitting a 7-quarter low. In the first half of the current fiscal year, the government has spent 37.3 per cent of its capital expenditure target of Rs 11.11 lakh crore for the 2024-25 fiscal year. “The finance ministry, in its Economic Survey for FY24, had estimated a GDP growth of 6.5-7 per cent for the current fiscal year.

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History of this topic

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

Modi govt says Q2 GDP slowdown ‘a temporary blip’, growth figures will improve in next quarters
6 days, 10 hours ago

Modi govt says Q2 GDP slowdown ‘a temporary blip’, growth figures will improve in next quarters

Firstpost  

Acknowledging that the July-September quarterly economic growth was ‘slower than expected’, Union Finance Minister Nirmala Sitharaman said growth will pick up soon in the upcoming quarters Union Finance Minister Nirmala Sitharaman on Tuesday acknowledged that the economic growth was “slower than expected” in the July-September quarter. Government believes that the Q2 GDP growth slowdown is a temporary blip, and we …

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, …

GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman
2 weeks, 3 days ago

GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Friday said that the gross domestic product or GDP slowdown in the September quarter was not ‘systemic’ and the economic activity in the third quarter, with better public expenditure, is likely to compensate for the moderation. The minister’s statement comes after the Reserve Bank of India sharply slashed its growth projection to …

US Q3 GDP data: US economy grows 2.8% YoY in third quarter on steady consumer spending
3 weeks, 5 days ago

US Q3 GDP data: US economy grows 2.8% YoY in third quarter on steady consumer spending

Live Mint  

The US economy expanded steadily in the third quarter, largely powered by a broad-based advance in consumer spending and steady business investment. Gross domestic product increased at a 2.8 percent annualized pace in the third quarter, the second estimate of the Bureau of Economic Analysis figures showed Wednesday. The government’s other main gauge of economic activity — gross domestic income …

GDP growth maintaining pace seen in Q4, says RBI bulletin
6 months ago

GDP growth maintaining pace seen in Q4, says RBI bulletin

Live Mint  

Mumbai: The Indian economy is likely to sustain the growth momentum of the January-March quarter in the three months through June as private consumption grows and manufacturing and services pick up pace, Reserve Bank of India officials said. “More recent indicators suggest that private consumption is resuming its role as the main driver of demand and is getting broad-based to …

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 …

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 …

US economy grew 3.2% in Q3, an upgrade from earlier estimate
2 years ago

US economy grew 3.2% in Q3, an upgrade from earlier estimate

Associated Press  

WASHINGTON — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Still, many economists expect the economy to slow and probably slip into recession next year under the pressure of higher …

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