India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers
2 years, 4 months ago

India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers

News 18  

India’s Q2FY23 GDP Growth: India’s GDP data for the July-September 2022 quarter will be released today at 5.30 pm. Analysts expect India’s gross domestic product to have grown in the range of 5.8 per cent and 7.2 per cent during the second quarter of 2022-23, which is lower than the previous quarter. Now, in the Q2FY23, manufacturing growth based on IIP was a modest 1.4 per cent, dragged down by the weak external demand, and subdued domestic demand for consumer durables amidst elevated input costs and fuel inflation, ICRA Chief Economist Aditi Nayar said. “For example, corporate results, excluding BFSI, for Q2FY23 shows degrowth in EBIDTA by 14 per cent y-o-y as against 35 per cent Ebitda growth in Q2 FY22, though the topline continued to grew at a healthier pace.” Agriculture Sector Growth In Q2 Icra expects agriculture GVA growth at a modest 2.5 per cent for Q2 FY23, based on the first advance estimates of crop production. For the second quarter of the current financial year 2022-23, SBI has given the lowest growth forecast at 5.8 per cent while India Ratings has given the highest forecast at 7.2 per cent.

India Domestic Cent Quarter Domestic Demand Sector Growth Icra Gdp Numbers  things  today  sector  growth  demand  gdp  numbers  quarter  latest  key  domestic  cent  gross  q2  watch  indias

History of this topic

RBI Could Implement 75 Bps Rate Cut In 2025, With Quarterly Reductions: Report
2 weeks, 1 day ago

RBI Could Implement 75 Bps Rate Cut In 2025, With Quarterly Reductions: Report

ABP News  

SBI Research's Ecowrap forecasts a 75-basis-point rate cut for this fiscal year. CPI Inflation India's consumer price index inflation fell to a seven-month low of 3.6 per cent in February 2025, primarily due to a significant drop in food prices. Despite the overall inflation slowdown, imported inflation has surged, rising from 1.3 per cent in June 2024 to 31.1 per …

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s
2 weeks, 4 days ago

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s

Live Mint  

Higher government capex and a boost in consumption will fuel India's economic growth in FY26, exceeding 6.5 per cent in the next fiscal, Moody's ratings said on Wednesday. “Government capital expenditure, tax cuts for middle-class income groups to boost consumption and monetary easing will help India's real GDP growth exceed 6.5% for fiscal 2025-26 from 6.3% in fiscal 2024-25,” Moody's …

The state of India’s economy is not as bright as GDP data may suggest
3 weeks, 3 days ago

The state of India’s economy is not as bright as GDP data may suggest

Live Mint  

Estimates of gross value added and gross domestic product for 2024-25 were released last month along with revised estimates for 2023-24 and final data for 2022-23. The numbers for 2024-25 were broadly in line with estimates released earlier, with GDP growth placed at 6.5%, marginally higher than the 6.4% reported as part of India’s first advance estimates. GDP growth rate …

PMI data: India’s services growth recovers in February after slowing in January
Trending News
3 weeks, 4 days ago

PMI data: India’s services growth recovers in February after slowing in January

Live Mint  

New Delhi: India's services sector expanded faster in February after growing at its slowest pace in more than two years during January, a private survey released on Wednesday showed. The seasonally adjusted HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, rose to 59 in February from 56.5 in January, remaining comfortably above the 50-point mark that separates expansion …

Robust demand, firm business outlook propels India’s services sector growth: Survey
3 weeks, 4 days ago

Robust demand, firm business outlook propels India’s services sector growth: Survey

Live Mint  

Growth in India's services sector accelerated in February, supported by robust demand and a firm business outlook that led to a substantial increase in hiring, a survey showed. HSBC's final India services Purchasing Managers' Index, compiled by S&P Global, rose to 59.0 in February from January's 26-month low of 56.5 but was lower than a preliminary estimate of 61.1. "Global …

Battle for growth: On India’s economic trajectory
Trending News
3 weeks, 5 days ago

Battle for growth: On India’s economic trajectory

The Hindu  

There was a significant uptick in India’s economic trajectory, in the December quarter of this financial year, registering a 6.2% real GDP growth rate, compared with a low revised estimate of 5.6% in the previous quarter. The 6.2% growth rate also suggests that the government’s full-year growth target of 6.5% is virtually unattainable, given global headwinds of tariffs that could …

Manufacturing industry witnesses 14-month low of 56.3 in Feb. from 57.7 in Jan.
3 weeks, 5 days ago

Manufacturing industry witnesses 14-month low of 56.3 in Feb. from 57.7 in Jan.

Deccan Chronicle  

New Delhi: After a strong start in 2025, Indian manufacturers witnessed a 14-month low of 56.3 in February from 57.7 in January due to decline in new orders and production momentum in the month. The survey conducted by the seasonally-adjusted HSBC India Manufacturing Purchasing Managers’ Index or PMI said that although softer than January’s near 14-year high, the pace of …

Manufacturing PMI: Q4 is a litmus test, but no fireworks so far
3 weeks, 6 days ago

Manufacturing PMI: Q4 is a litmus test, but no fireworks so far

Live Mint  

To meet the National Statistical Office’s ambitious goal of 6.5% growth in India’s FY25 gross domestic product, the economy needs to pick up a significant pace in the March quarter. We see downside risk with Q4FY25 GDP growth is expected to be closer to 6.8%," said IDFC First Bank's 28 February report. On the monetary policy front, wide-held expectations are …

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth
3 weeks, 6 days ago

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth

The Hindu  

India’s private sector manufacturing activity, as measured by the HSBC Manufacturing Purchasing Managers Index, slowed to 56.3 on sales growing the slowest in more than a year in February 2025, according to a statement from HSBC. “Robust global demand continued to boost growth in the Indian manufacturing sector, which increased its purchasing activity and employment. Although output growth slowed to …

India's manufacturing growth hits 14-month low in February on soft demand
3 weeks, 6 days ago

India's manufacturing growth hits 14-month low in February on soft demand

India Today  

India's manufacturing activity grew at its weakest pace in over a year last month due to cooling demand, but employment generation rose at a healthy pace and inflation eased, a private survey showed on Monday. The softer manufacturing data suggests the growth rebound in Asia's third-largest economy may be short-lived after the government said gross domestic product expanded to 6.2% …

India’s GDP growth picks up in Q3 at 6.2%
4 weeks, 1 day ago

India’s GDP growth picks up in Q3 at 6.2%

Hindustan Times  

The Indian economy grew at 6.2% in the quarter ending December 2024, according to data released by the National Statistical Office on Friday that also revised upward growth for 2022-23 and 2023-24 to 7.6% and 9.2%, which means the extent of the slowdown in 2024-25 is worse than previously estimated. The latest GDP numbers also mean that the Indian economy …

India's GDP Grows 6.2% in Q3 FY25, Recovery Gains Pace
Trending News
1 month ago

India's GDP Grows 6.2% in Q3 FY25, Recovery Gains Pace

Deccan Chronicle  

New Delhi: In line with the economists’ expectations, India’s economy regained the momentum in the December quarter, with its gross domestic product or GDP growing at 6.2 per cent, after slipping to a seven-quarter low of 5.6 per cent in the preceding July-September period. The nominal GDP or GDP at current prices is estimated to attain a level of Rs …

India’s GDP growth forecast: Indian economy grew at 6.2% in Q3 GDP data of 2024-25, down from 9.5% in the previous year
1 month ago

India’s GDP growth forecast: Indian economy grew at 6.2% in Q3 GDP data of 2024-25, down from 9.5% in the previous year

The Hindu  

India’s real Gross Domestic Product grew 6.2% in the October to December 2024 period, the third quarter of the fiscal year, picking up pace from the 5.6% growth recorded in the previous quarter, according to data released by the National Statistics Office on Friday. “On the demand side, recovery in consumption growth, government expenditure and export growth look encouraging.” Exports …

India’s economic growth accelerates to 6.2% in October-December
1 month ago

India’s economic growth accelerates to 6.2% in October-December

Live Mint  

Feb 28 - India's economy grew by 6.2% in October-December, marginally below expectations but faster than in the previous quarter on the back of increased government and consumer spending, data released on Friday showed. COMMENTS GAURA SEN GUPTA, INDIA ECONOMIST, IDFC FIRST BANK, MUMBAI The Q3 GDP growth is "marginally better than our expectations". MADHAVI ARORA, CHIEF ECONOMIST, EMKAY GLOBAL …

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%
1 month ago

India Q3 GDP: Indian economy grew 6.2% in December quarter, FY25 growth pegged at 6.5%

Live Mint  

New Delhi: India’s economic growth engine showed some spark in the December quarter to recover from a low in the September quarter. The third quarter’s growth rate, supported by government spending and consumption amid festive demand, was still far from the 9.5% recorded in the corresponding quarter of the previous fiscal. Economists’ views Some economists expect India’s FY25 GDP growth …

India emerging from valley of gloom, but economic nirvana will have to wait
1 month ago

India emerging from valley of gloom, but economic nirvana will have to wait

New Indian Express  

Coming to the sub-components of national output, it seems as though the troubles of the economy are moving from one shoulder merely to land upon the other. As for Q3, manufacturing sector seems like a broken branch, with a dismal growth of 3.5%, as against a healthy double-digit growth of 14% in Q3, FY24. Similarly, electricity, and other utility services …

Q3 corporate data, US deal ignite hopes for Indian stock market
1 month ago

Q3 corporate data, US deal ignite hopes for Indian stock market

Live Mint  

India’s corporate earnings growth has been contracting since Q1. Despite a 16% decline in the broader Indian stock market, valuations remain high, with the one-year forward P/E at 19x—more than twice the average 7-8% EPS growth over the past nine months. Nevertheless, if the traction in corporate earnings growth recovers in FY26 towards 15%, which is India’s historic long-term growth …

Week Ahead: India Q3GDP data, F&O expiry, FII flow, global cues among key triggers for Indian stock market
1 month, 1 week ago

Week Ahead: India Q3GDP data, F&O expiry, FII flow, global cues among key triggers for Indian stock market

Live Mint  

The Indian stock market traded within a tight range to extend its corrective phase while settling at its lowest since early June. India's economic growth, the scheduled expiry of February's derivative contracts, Donald Trump's tariff announcements, the rupee-dollar rate, foreign fund outflow, domestic and global macroeconomic data, and global market cues will dictate the market direction in the next five …

Indian economic growth pegged at 6.2% in December quarter from 5.4% in Q2: Union Bank of India
1 month, 1 week ago

Indian economic growth pegged at 6.2% in December quarter from 5.4% in Q2: Union Bank of India

Live Mint  

India's economic growth is expected to pick up momentum in the third quarter of the financial year 2024-25, with GDP growth estimated at 6.2 per cent, up from 5.4 per cent in the second quarter, according to a report by Union Bank of India. It said “We estimate Q3FY25 GDP growth rate to mark an uptick to 6.2 per cent, …

India’s GDP to grow at 6.3% in FY25, says SBI Research
1 month, 1 week ago

India’s GDP to grow at 6.3% in FY25, says SBI Research

Deccan Chronicle  

Mumbai: SBI Research, in a report, has estimated India’s GDP growth to be 6.3 percent in 2024-2025, assuming that the National Statistical Office does not make major revisions to the earlier first and second quarter estimates. The report stated that leveraging 36 high-frequency indicators, the estimated GDP growth for the third quarter of the current financial year should be between …

SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3%
1 month, 1 week ago

SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3%

The Hindu  

The Economic department of State Bank of India has pegged India’s Gross Domestic Product growth for Q3 FY25 at 6.2% to 6.3%. “Impinging upon our in-house developed ‘Nowcasting Model’ that leverages 36 high frequency indicators, we estimate the GDP growth for Q3 FY25 should come around 6.2%-6.3%,” said SBI in a Special Research Report on Wednesday. “IIP manufacturing growth has …

‘GDP likely to grow at a slower 6.4%-6.6% in Q3FY25 on geopolitical pressures’
1 month, 1 week ago

‘GDP likely to grow at a slower 6.4%-6.6% in Q3FY25 on geopolitical pressures’

The Hindu  

India’s Gross Domestic Product is expected to grow at a slower rate of 6.4% to 6.6% in the third quarter of fiscal 2025 as opposed to 8.6% in the same period last year on account of global uncertainties spilling over to the Indian economy. Bank of Baroda projected a GDP growth rate of 6.6% in the reporting quarter while ICRA …

Rate cut uncertainty, escalating tariff wars to delay Indian IT sector recovery: Report
1 month, 2 weeks ago

Rate cut uncertainty, escalating tariff wars to delay Indian IT sector recovery: Report

Live Mint  

New Delhi, February 16 : Uncertainties surrounding rate cuts and the escalation of tariff wars will influence the sentiments in the near term and prolong the information technology sector recovery, said a report by Mirae Asset Sharekhan. The report added that management commentaries reflect a gradually improving macro environment with green shoots emerging in discretionary spending, especially in Banking, Financial …

PMI data: India’s services growth slows to more than two-year low in January
Top News
1 month, 3 weeks ago

PMI data: India’s services growth slows to more than two-year low in January

Live Mint  

New Delhi: India's service sector expanded at its slowest pace in more than two years during January, owing to lower demand and a softer increase in sales and output, a private survey released on Wednesday said. The seasonally adjusted HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 56.5 in January, its lowest since November 2022, but …

India’s manufacturing growth hits six-month high in January: HSBC PMI survey
Trending News
1 month, 3 weeks ago

India’s manufacturing growth hits six-month high in January: HSBC PMI survey

Live Mint  

New Delhi: India’s manufacturing growth, which moderated in December, rose to a six-month high in January on the back of rising new export orders, a private survey released on Monday said. With new orders rising at the quickest pace since last July, fuelled by the steepest upturn in exports in nearly 14 years, there was a stronger expansion in output," …

Economic Survey 2024-25: India’s Growth Roadmap, Key Insights, and Future Projections
1 month, 4 weeks ago

Economic Survey 2024-25: India’s Growth Roadmap, Key Insights, and Future Projections

Op India  

The Union Finance Ministry on 30 January released the Economic Survey for the financial year 2024-25, ahead of presenting the budget for the next financial year. The Economic Survey 2024-25 provides a detailed assessment of India’s economic performance over the past year and outlines future growth prospects. The survey also notes the growth in insurance industry and expansion of India’s …

Economic Survey 2024-25: Key takeaways in charts
1 month, 4 weeks ago

Economic Survey 2024-25: Key takeaways in charts

The Hindu  

Union Finance Minister Nirmala Sitharaman on Friday tabled the Economic Survey for the year 2024-25 in Parliament. Here is the key takeaways from the Economic Survey 2024-25: Economic Survey 2024-25 LIVE Real GDP Despite global uncertainty, India has maintained steady economic growth, according to the Economic Survey 2024-25. Inflation The Economic Survey 2024-25 reports that food inflation, measured by the …

From 'Viksit Bharat' to AI: 5 key takeaways from Economic Survey 2024-25
1 month, 4 weeks ago

From 'Viksit Bharat' to AI: 5 key takeaways from Economic Survey 2024-25

India Today  

The Economic Survey 2024-25 was tabled in the Parliament on Friday ahead of the budget presentation on February 1. The Economic Survey 2024-25 indicated that India is on a steady growth path and poised for better performance in the future. Here are five key takeaways from the Economic Survey 2024-25: ‘VIKSIT BHARAT’ GOAL The Economic Survey said India’s goal to …

‘Getting back into the fast lane’: What Economic Survey says about the health of Indian economy
1 month, 4 weeks ago

‘Getting back into the fast lane’: What Economic Survey says about the health of Indian economy

Firstpost  

Even as India’s economic growth slowed in 2024-25 to a four-year low at 6.4% amid declining manufacturing activity, the Economic Survey said that there were signs that recovery is in the motion and said the overall picture remained encouraging Employees assemble different parts onto car panels at an assembly line inside the manufacturing plant of Renault Nissan Automotive India in …

Eco Survey pitches for policy shift to cut cereal output, boost pulses, edible oils
1 month, 4 weeks ago

Eco Survey pitches for policy shift to cut cereal output, boost pulses, edible oils

Live Mint  

New Delhi, Jan 31 The pre-budget document for the 2024-25 fiscal has suggested policy reforms to discourage overproduction of cereals while boosting output of pulses and edible oils, which the country currently imports to meet domestic shortages. The Economic Survey 2024-25, tabled in Parliament on Friday, stressed that India's agriculture sector has "significant untapped growth potential" despite various growth initiatives. …

'Getting out of way' can help businesses: Economic Survey bats for deregulation
1 month, 4 weeks ago

'Getting out of way' can help businesses: Economic Survey bats for deregulation

India Today  

The Economic Survey 2024-25 tabled by Finance Minister Nirmala Sitharaman cautioned the country to take proactive measures and strengthen its global supply chains to tackle uncertainties while boosting its economy. The survey projected that the Indian economy would grow between 6.3% to 6.8% in FY26, slightly down from the 6.4% growth rate in the current fiscal. In order to increase …

Will India's growth story gain momentum or slow down in FY26?
Trending News
2 months, 1 week ago

Will India's growth story gain momentum or slow down in FY26?

India Today  

India's growth story has been a tale of resilience and steady strides over the past few years, but as the global economy faces increased turbulence, the big question now is—can the momentum hold, or will the pace falter in FY26? According to the latest World Bank report, India’s economic growth is projected to remain steady at 6.7% annually for the …

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes
2 months, 2 weeks ago

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes

Live Mint  

The first advance estimates released on Tuesday forecast India's growth at 6.4%, the slowest in four years. Services dominance India’s services exports surpassed goods exports, reaching $35.7 billion—about $3 billion more than goods--in November 2024, preliminary data showed. India’s share in global services exports has steadily grown, reaching 4.2% by 2023, while its share in goods exports has remained flat …

India’s Industrial Output Hits 6-Month High at 5.2%
2 months, 2 weeks ago

India’s Industrial Output Hits 6-Month High at 5.2%

Deccan Chronicle  

India's industrial output growth accelerated to a six-month high of 5.2 per cent year-on-year in November 2024 against the backdrop festive demand and pick-up in manufacturing sector. As per use-based classification, the data further showed that the capital goods segment growth accelerated to 9 per cent in November 2024 against a contraction of 1.1 per cent in the year-ago period. …

Fiscal tightness may further slow down economy
2 months, 2 weeks ago

Fiscal tightness may further slow down economy

New Indian Express  

India’s real GDP growth rate is pegged at a four-year-low of 6.4 percent for 2024-25, weighed down by a likely decline in manufacturing and investments. They are far below the 8.2 percent growth seen last fiscal, lower than the Economic Survey’s 6.5-7 percent and even the RBI’s revised forecast of 6.6 percent. The National Statistical Office’s first advance estimates project …

​Growth chill: On the economy
2 months, 3 weeks ago

​Growth chill: On the economy

The Hindu  

The National Statistics Office has confirmed emerging fears about the economy’s evidently sluggish trajectory through this year in its first Gross Domestic Product estimates for 2024-25. While the election-focused first quarter hit public capital spending, the second quarter was marred by weak demand and still underwhelming public capex, dragging GDP growth to a seven-quarter low of 5.4%. The NSO’s projection …

India’s real GDP expected to rise 6.4% in FY25
2 months, 3 weeks 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 …

Another tough year for consumer staple companies?
Trending News
2 months, 3 weeks ago

Another tough year for consumer staple companies?

Live Mint  

Indian consumer staple companies faced a challenging year in 2024, navigating a landscape of uneven demand. Companies are set to announce their December quarter results, which are expected to reflect price hikes, partially offset by subdued volume growth driven by weak urban demand. “While the return of price hike was a much-awaited welcome step, categories with sharp double-digit price hikes …

India's manufacturing activity grew at its weakest pace in 2024
2 months, 3 weeks ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

A sombre December manufacturing PMI curbs enthusiasm
Trending News
2 months, 3 weeks ago

A sombre December manufacturing PMI curbs enthusiasm

Live Mint  

The pace of business activity in India’s manufacturing sector is slowing, dimming hopes for those rooting for a sharp rebound in gross domestic product growth. Read this | New consumption survey reveals the cracks in the economy Remember, pent-up urban consumption demand coupled with a surge in retail credit from banks were among the key factors that led to sharp …

India’s manufacturing growth at 12-month low in December
Trending News
2 months, 4 weeks ago

India’s manufacturing growth at 12-month low in December

Live Mint  

New Delhi: India’s manufacturing growth slowed to a 12-month low in December amid a softer increase in factory orders and production, a private survey said. The HSBC India Manufacturing Purchasing Managers Index, compiled by S&P Global, was recorded at 56.4 in December, down from 56.5 in November. According to the survey, at 56.4 in December, the seasonally adjusted HSBC India …

India’s factory output at 12-month low, December second month of declining activity in a row
Trending News
2 months, 4 weeks ago

India’s factory output at 12-month low, December second month of declining activity in a row

Firstpost  

India’s Manufacturing Purchasing Managers’ Index fell to 56.4, down from 56.5 in November. Source: Reuters India’s manufacturing activity logged its weakest growth of 2024 in December with the Manufacturing Purchasing Managers’ Index, or PMI, declining to a 12-month low of 56.4, down from 56.5 in November. The HSBC India Manufacturing Purchasing Managers’ Index averaged over 57.5 in 2024, compared with …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
2 months, 4 weeks ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

Indian economy to grow nearly 6.5% in FY25 amid global triggers, GDP to bounce back in second-half: FinMin report
3 months ago

Indian economy to grow nearly 6.5% in FY25 amid global triggers, GDP to bounce back in second-half: FinMin report

Live Mint  

India GDP growth: The Indian economy is expected to grow nearly 6.5 per cent in the current fiscal year 2024-25, closer to the lower end of the 6.5-7 per cent projection, against 8.2 per cent a year before, due to global uncertainties and triggers posing a dampening threat. The Finance Ministry expects a gross domestic product growth of 6.5 per …

Indian Economy To Recover In Q3 As Rural Demand Continues To Climb, Says State Of The Economy Report
Trending News
3 months ago

Indian Economy To Recover In Q3 As Rural Demand Continues To Climb, Says State Of The Economy Report

ABP News  

India’s gross domestic product growth is expected to make a comeback in the third quarter of the current financial year, the latest State of the Economy report by the Reserve Bank of India revealed. This revival is being backed by robust festive activity and a consistent upswing in rural demand, the report authored by RBI staff including Deputy Governor Michael …

India’s high-frequency indicators recovering in Q3, to lift GDP in H2: RBI December Bulletin
Trending News
3 months ago

India’s high-frequency indicators recovering in Q3, to lift GDP in H2: RBI December Bulletin

Live Mint  

Mumbai: Several high-frequency indicators for the third quarter of the current financial year show that the Indian economy is recovering from the slowdown in momentum witnessed in the previous three months ended September, according to a paper in the Reserve Bank of India’s monthly bulletin. The recovery in Q3 of FY25 is being driven by strong festival activity and sustained …

Economy rebounds in Q3 with boost from festivals and rural demand: RBI
3 months ago

Economy rebounds in Q3 with boost from festivals and rural demand: RBI

India Today  

The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India bulletin released on Tuesday. "High frequency indicators for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed …

Q2 growth ‘a temporary blip’, no generalised slowdown in factories, Finance Minister asserts
3 months, 1 week 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
3 months, 1 week 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 …

India's Q2 GDP Dip a ‘Blip’, Growth Outlook Positive
3 months, 1 week 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 …

Discover Related