Govt agrees with RBI’s raised growth estimates: DEA secretary Ajay Seth
1 year, 3 months ago

Govt agrees with RBI’s raised growth estimates: DEA secretary Ajay Seth

Live Mint  

The government concurs with the Reserve Bank of India's decision to revise India’s FY24 economic-growth estimate to 7% as the country has achieved high growth during the first two quarters of the fiscal, Ajay Seth, secretary of the department of economic affairs, said on Friday. Speaking on the sidelines of FICCI's annual convention and annual general meeting, Seth said despite recording high growth in the first two quarters, the Indian economy still faces stickiness on inflation and supply-side measures will continue to be taken to keep food prices in check. The Indian economy surpassed expectations to clock impressive 7.6% growth in the September quarter, retaining its crown as the world’s fastest-growing major economy after clocking 7.8% growth during the June quarter. The International Monetary Fund has predicted that the Indian economy will outperform Indonesia’s, China’s, the US’s, Japan’s, France’s, the UK’s and Germany’s in the September quarter.

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History of this topic

India's Economy Likely To Grow At 6.5 Per Cent In FY26, Need To Boost Spending On Health, Education, Says EY
Trending News
3 days, 6 hours ago

India's Economy Likely To Grow At 6.5 Per Cent In FY26, Need To Boost Spending On Health, Education, Says EY

ABP News  

India’s economic growth is anticipated to reach 6.5 per cent in the fiscal year 2025-26, according to the latest EY Economy Watch report. The March edition of EY Economy Watch estimated a real GDP growth of 6.4 per cent for the Indian economy for the 2024-25 fiscal year. Revised data from the National Statistical Office released last month suggested that …

India to grow at 6.5% in FY26: EY Report
3 days, 7 hours ago

India to grow at 6.5% in FY26: EY Report

The Hindu  

The Indian economy is likely to grow at 6.5% in the fiscal year starting April 1, EY Economy Watch said, emphasising that a well-calibrated fiscal strategy that supports human capital development while maintaining fiscal prudence could significantly enhance long-term growth prospects. As per the EY India report, over the next two decades, India may need to gradually increase its general …

RBI likely to maintain rate-cut cycle amid global growth challenges and inflation fall, finds HDFC MF report
1 week ago

RBI likely to maintain rate-cut cycle amid global growth challenges and inflation fall, finds HDFC MF report

Live Mint  

India's central bank is likely to continue its rate cut cycle amid global growth challenges and inflation reaching within target levels, according to an HDFC Mutual Fund report. The Reserve Bank of India's repo rate cuts are expected to continue as risk of headwinds in global growth looms large, especially due to the economic conditions in the United States, it …

100% growth over past 10 years! IMF says India GDP likely to hit ₹3.6 lakh crore by 2025-end. Top updates
Trending News
1 week ago

100% growth over past 10 years! IMF says India GDP likely to hit ₹3.6 lakh crore by 2025-end. Top updates

Live Mint  

The International Monetary Fund has in its latest report noted that India's GDP growth rate has doubled over the past decade, and the country is likely to reach ₹3.6 lakh crore by 2025-end, ANI reported. IMF data showed that India's GDP was ₹1.8 lakh crore in 2015 and is expected to reach ₹3.6 lakh crore by 2025-end — a 100 …

RBI Could Implement 75 Bps Rate Cut In 2025, With Quarterly Reductions: Report
2 weeks, 4 days 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
3 weeks 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 …

Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge
3 weeks, 5 days ago

Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge

Deccan Chronicle  

The main challenge before the Narendra Modi government is how to balance the onerous investment and institutional demands of high growth, without risking a political blowback. GDP growth higher than comparators: GDP growth in real terms during the third quarter of this fiscal, at 6.2 per cent, is higher than the average of the first two quarters. The IMF estimates …

Indian economy to grow 6.5% in FY26 : Crisil
3 weeks, 5 days ago

Indian economy to grow 6.5% in FY26 : Crisil

Live Mint  

New Delhi: India’s economy is set to grow at a steady 6.5% in fiscal 2026, driven by strong domestic demand, despite global headwinds including geopolitical uncertainties and US-led trade actions, Crisil forecast on Thursday. However, Crisil expects India’s current account deficit to rise slightly in FY26, as goods exports face headwinds from the US-led tariff war and weak global demand, …

India to remain fastest growing major economy with 6.5% growth in FY26: IMF
Trending News
1 month ago

India to remain fastest growing major economy with 6.5% growth in FY26: IMF

India Today  

Multilateral financing agency International Monetary Fund has said that India will retain its position as the fastest-growing major economy by clocking a GDP growth of 6.5 per cent in 2025-26, on the back of robust private investment and macroeconomic stability. "Real GDP is expected to grow at 6.5 per cent in 2024-25 and 2025-26, supported by robust growth in private …

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 …

Indian IT Sector Faces Slow Growth Amid Headwinds
1 month ago

Indian IT Sector Faces Slow Growth Amid Headwinds

Deccan Chronicle  

Chennai: Amidst persistent macroeconomic headwinds, mainly from the US and Europe, the Indian IT sector is expected to see low single digit growth in both FY25 and FY26. Though the growth halved to 3.8 per cent in FY24 from the high base, it would remain within 4-6 per cent in FY25 and FY26, finds ICRA. Of the total revenues of …

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 …

Real GDP For FY2024-25 Is Projected To Grow By 6.5%: Govt Data
1 month ago

Real GDP For FY2024-25 Is Projected To Grow By 6.5%: Govt Data

ABP News  

Real GDP for FY2024-25 is estimated to grow by 6.5 per cent, while nominal GDP is projected to witness a growth rate of 9.9 per cent. Meanwhile, Nominal GDP, or GDP at Current Prices, is expected to reach Rs 331.03 lakh crore in FY 2024-25, up from Rs 301.23 lakh crore in FY 2023-24, reflecting a growth rate of 9.9 …

Indian economy grows at 6.2% in Oct-Dec quarter, GDP growth for FY25 estimated at 6.5% – Firstpost
1 month ago

Indian economy grows at 6.2% in Oct-Dec quarter, GDP growth for FY25 estimated at 6.5% – Firstpost

Firstpost  

Year-on-year, GDP growth has slowed from 8.6 per cent, but compared to the previous quarter, it has risen from 5.4 per cent. Looking ahead, the government projects a real GDP growth rate of 6.5 per cent for the financial year 2024-25 India’s National Statistics Office published the latest quarterly GDP figures on Friday, showing a growth rate of 6.2 per …

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 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 …

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 …

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
1 month, 2 weeks ago

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI

Live Mint  

India Q3 GDP Growth: The State Bank of India estimates that India's gross domestic product grew 6.2-6.3 per cent in the December quarter of 2024-25. India Q3 GDP Growth Estimates SBI Research's October-December GDP estimates highlighted its in-house developed 'Nowcasting Model', which leverages 36 high-frequency indicators. India's GDP grew by 8.2 per cent during the financial year 2023-24 and continued …

SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3%
1 month, 2 weeks 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 …

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA
1 month, 2 weeks ago

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA

Live Mint  

India Q3 GDP Growth: Domestic rating agency ICRA projected India's gross domestic product to grow 6.4 per cent in the December quarter of FY25, driven by enhanced government spending amid uneven consumption. India Q3 GDP Growth Estimates ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending on capital …

India's GDP witnessing speedy rebound, set to remain world's fastest growing economy: Sitharaman in Lok Sabha
1 month, 3 weeks ago

India's GDP witnessing speedy rebound, set to remain world's fastest growing economy: Sitharaman in Lok Sabha

India TV News  

Parliament Session: Finance Minister Nirmala Sitharaman on Tuesday said that the Indian economy is experiencing a "speedy rebound" from the 5.4 per cent growth recorded in the second quarter of the current fiscal. Sitharaman said the effective capital expenditure in FY'26 is Rs 15.48 lakh crore, which is 4.3 per cent of GDP. She said the effective capital expenditure in …

RBI Monetary Policy: Central bank projects FY26 real GDP growth at 6.7%
1 month, 3 weeks ago

RBI Monetary Policy: Central bank projects FY26 real GDP growth at 6.7%

Live Mint  

RBI Monetary Policy: In its sixth bi-monthly meeting for FY24–25, the Reserve Bank of India, projected real GDP growth at 6.7% for FY26. Delivering his first monetary policy statement as RBI Governor, Sanjay Malhotra stated that economic activity is expected to improve in the next fiscal year, with the manufacturing sector likely to pick up in the second quarter of …

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil
1 month, 4 weeks ago

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil

Live Mint  

India's economy is expected to grow at 6.5 per cent in the next financial year 2025-26, slightly higher than the 6.4 per cent growth estimated for the ongoing fiscal year. “Lower inflation and the RBI's rate cuts are expected to lift growth next fiscal, assuming a normal monsoon and lower crude oil prices,” said Crisil. If India's inflation moves closer …

Union Budget 2025: Big income tax relief, push to Make in India and other highlights
2 months ago

Union Budget 2025: Big income tax relief, push to Make in India and other highlights

Firstpost  

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. In the budget address, the Finance Minister emphasised that India’s economic resilience remains strong, with an estimated real GDP growth of 6.4 per cent in FY25 and robust private consumption contributing to economic momentum. Thailand 3.0% Jul-Sep 2024 Source: Trading Economics High-frequency indicators indicate that the domestic …

Key numbers to watch out for ahead of Union Budget 2025
2 months ago

Key numbers to watch out for ahead of Union Budget 2025

Deccan Chronicle  

New Delhi: Finance Minister Nirmala Sitharaman will present her record 8th straight Budget and all eyes will be on the much-expected tax relief for the middle class. Here are the key numbers to watch out for in the Union Budget for 2025-26: Fiscal Deficit: The budgeted fiscal deficit, which is the difference between the government expenditure and income, for the …

India lowers growth outlook amid rising economic uncertainty
2 months ago

India lowers growth outlook amid rising economic uncertainty

India Today  

Finance Minister to give the Budget 2025 speech on Saturday The Centre forecasts a 6.3-6.8 per cent growth for FY26, a slower pace than before GDP projections match IMF, ADB, and World Bank forecasts The economy is expected to grow 6.3-6.8 per cent in the coming fiscal year, a slower pace than before, according to the Economic Survey presented in …

Eco Survey pitches for policy shift to cut cereal output, boost pulses, edible oils
2 months 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. …

Economic Survey 2025: India to grow at 6.3-6.8% in FY26; deregulation, reforms could unleash domestic-led growth
2 months ago

Economic Survey 2025: India to grow at 6.3-6.8% in FY26; deregulation, reforms could unleash domestic-led growth

Live Mint  

Economic Survey 2025: India’s economy is expected to grow between 6.3% and 6.8% in FY26 as fundamentals of the economy remain strong, but needs sustained growth of close to 8% a year for at least for a decade to become a developed nation by 2047, said the Economic Survey 2024-25 tabled in Parliament on Friday. On balance of these considerations, …

Economic Survey 2024-25: India's GDP Likely To Grow At 6.3-6.8 Per Cent In FY26
Top News
2 months ago

Economic Survey 2024-25: India's GDP Likely To Grow At 6.3-6.8 Per Cent In FY26

ABP News  

The Economic Survey 2024-25 projected India's GDP to grow at the rate of 6.3 per cent to 6.8 per cent in the 2025-26 fiscal year. In terms of inflation, the survey expects food inflation to ease in the last quarter of the current fiscal year, backed by the seasonal softening of vegetable prices and Kharif harvest arrival. India's GDP Likely …

India's GDP growth projected at 6.3-6.8% for fiscal 2025-26: Economic Survey
Top News
2 months ago

India's GDP growth projected at 6.3-6.8% for fiscal 2025-26: Economic Survey

India Today  

India's GDP growth for the financial year 2025-26 is expected to be between 6.3% and 6.8%, as per the Economic Survey 2024-25. On balance of these considerations, we expect that the growth in FY26 would be between 6.3 and 6.8 per cent," the Economic Survey, presented in parliament by Finance Minister Nirmala Sitharaman, said. Strong Domestic Economy to Support Growth …

India's GDP growth projected at 6.3-6.8% for fiscal 2025-26: Economic Survey
Top News
2 months ago

India's GDP growth projected at 6.3-6.8% for fiscal 2025-26: Economic Survey

India Today  

India's GDP growth for the financial year 2025-26 is expected to be between 6.3% and 6.8%, as per the Economic Survey 2024-25. On balance of these considerations, we expect that the growth in FY26 would be between 6.3 and 6.8 per cent," the Economic Survey, presented in parliament by Finance Minister Nirmala Sitharaman, said. Strong Domestic Economy to Support Growth …

Economic Survey to be tabled today, likely to project India’s GDP growth at 6.3-6.8% in 2025-26
2 months ago

Economic Survey to be tabled today, likely to project India’s GDP growth at 6.3-6.8% in 2025-26

Firstpost  

The Economic Survey is expected to say that the Indian economy would grow at the slowest in four years at 6.4 per cent in the current financial year Labourers travel in a tractor trolley past hospital buildings under construction, after finishing their day's work, in Ahmedabad, India, May 27, 2015. The Economic Survey 2024-25 is expected to project economic growth …

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

India to Grow 6.5 PC in FY25, 6.7 PC in FY26, FY27: WB
2 months, 2 weeks ago

India to Grow 6.5 PC in FY25, 6.7 PC in FY26, FY27: WB

Deccan Chronicle  

Chennai: The World Bank has projected that the Indian economy will soften its growth in FY25 to 6.5 per cent, while it has retained the growth for next fiscal at 6.7 per cent. In India, growth is expected to decelerate to 6.5 per cent in FY25 from 8.2 per cent in FY24, reflecting a slowdown in investment and weak manufacturing …

IMF keeps India’s GDP growth forecast unchanged at 6.5% for FY25 and FY26
2 months, 2 weeks ago

IMF keeps India’s GDP growth forecast unchanged at 6.5% for FY25 and FY26

Live Mint  

New Delhi: The International Monetary Fund has maintained its Indian growth forecast unchanged at 6.5% for FY25 and FY26 in an update to its World Economic Outlook released on Friday. "Growth in India also slowed more than expected, led by a sharper-than-expected deceleration in industrial activity," the IMF said in its latest update. The advance estimate is also lower than …

Will India's growth story gain momentum or slow down in FY26?
Trending News
2 months, 2 weeks 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 …

Petrol demand seen growing 6.6% in FY26, diesel consumption may rise 2.8%
2 months, 2 weeks ago

Petrol demand seen growing 6.6% in FY26, diesel consumption may rise 2.8%

Live Mint  

New Delhi: India's petroleum product demand continues to remain robust with consumption seen at a record 252.9 million tonnes for the next financial year, according to data from the Petroleum Planning and Analysis Cell. During calendar year 2024, India witnessed the fastest growth in oil demand growth, surpassing China, according to S&P Global Commodity Insights, and this trend is expected …

India’s fiscal deficit for FY26 expected at 4.4%-4.6% of GDP: Goldman Sachs
2 months, 2 weeks ago

India’s fiscal deficit for FY26 expected at 4.4%-4.6% of GDP: Goldman Sachs

Live Mint  

New Delhi: India's fiscal deficit could come in at 4.4% to 4.6% of GDP in FY26, Goldman Sachs Economics Research said in a report on Monday. The central government's “fiscal impulse will remain a drag on growth in the next fiscal year”, said the report titled ‘Asia in Focus—Union Budget Preview: Policy Choices in a Cyclical Growth Slowdown’. "We continue …

Low-base effect lifts industrial production to seven-month high
2 months, 3 weeks ago

Low-base effect lifts industrial production to seven-month high

New Indian Express  

NEW DELHI: Industrial production increased to a seven-month high of 5.2% year-on-year in November 2024 as compared to 3.7% in October, thanks largely to a low-base effect. Though sequentially, industrial production contracted by 1.2% in November as the effect of festive season waned earlier this year. Despite the November industrial production growth largely attributed to low base effect, experts see …

India’s Growth Slowdown Meets Global Headwinds
2 months, 3 weeks ago

India’s Growth Slowdown Meets Global Headwinds

The Hindu  

Published : Jan 10, 2025 18:40 IST - 5 MINS READ Reams of news space were occupied this week by the analysis of the growth snafu that India has hit. The first set of advance estimates for FY25 has pegged India’s real GDP growth at 6.4 per cent. It is also lower than the Reserve Bank of India’s current projection …

SBI downgrades India’s GDP growth forecast to 6.3% for FY25, citing economic challenges
Trending News
2 months, 3 weeks ago

SBI downgrades India’s GDP growth forecast to 6.3% for FY25, citing economic challenges

Live Mint  

The State Bank of India SBI's revised forecast for FY25 GDP growth in India is 6.3%, which is a little less than the 6.4% estimate from the National Statistical Office. In its initial advance GDP projections, the National Statistical Office estimated that India's real GDP growth would be 6.4% in FY25. GDP growth likely to slip to 6.4% in FY25: …

Why the 6.4% GDP growth estimate for FY25 should worry Modi govt
Top News
2 months, 3 weeks ago

Why the 6.4% GDP growth estimate for FY25 should worry Modi govt

India Today  

The first advance estimates of GDP growth for FY25 have confirmed the worst fears of economists—that growth will fall much below the 7 per cent estimated by the Reserve Bank of India. India’s GDP growth for the second quarter was 5.4 per cent, down from 6.7 per cent in the first quarter and way below the 8.1 per cent in …

GDP growth in FY25 may hit 4-year low. Is Indian economy losing steam?
Top News
2 months, 3 weeks ago

GDP growth in FY25 may hit 4-year low. Is Indian economy losing steam?

India Today  

India’s economic growth is expected to slow sharply to 6.4% in FY25, according to the first advance estimates released by the government. SECTORAL GROWTH MODERATION Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings, explained, “India’s GDP is expected to grow by 6.4% in FY25 over 7.2% in FY24. These shifts in consumer behaviour underline a broader transition in India’s consumption …

Downward revision of GDP growth estimates set gloomy backdrop to Union Budget: Congress
2 months, 3 weeks ago

Downward revision of GDP growth estimates set gloomy backdrop to Union Budget: Congress

New Indian Express  

NEW DELHI: The downward revision of GDP growth estimates for the current fiscal calls for radical action to dispel the cloud of growth slowdown and investment chill in the country, the Congress said on Wednesday. In a statement, Ramesh said the advance estimates released by the Union government for GDP growth in the 2024-25 financial year projected a mere 6.4 …

SBI pegs FY25 growth at 6.3%; lower than govt estimate
2 months, 3 weeks ago

SBI pegs FY25 growth at 6.3%; lower than govt estimate

New Indian Express  

The economy is expected to close the current fiscal with 6.3 percent growth, 10 bps lower than the government's advance estimate of 6.4 percent, and 30 bps lower than the RBI’s revised forecast, owing to many factors like weak demand and poor investments, stated a State Bank of India report on Wednesday. The SBI report was released a day after …

GDP growth to hit 4-yr-low of 6.4% in FY25: Govt estimate
2 months, 3 weeks ago

GDP growth to hit 4-yr-low of 6.4% in FY25: Govt estimate

Hindustan Times  

New Delhi The Indian economy is expected to grow at 6.4% in 2024-25, a significant loss of momentum when compared to the 8.2% growth in 2023-24. The National Statistical Office released the first advanced estimates of GDP for the fiscal year 2024-25 on Tuesday projecting a GDP growth of 6.4%. While the latest GDP growth estimate is in line with …

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