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 …
After Moody’s slashed India’s GDP growth during 2020 calendar year to 2.5 percent, from an earlier estimate of 5.3 percent, Fitch Solutions on Monday slashed its estimate for India’s GDP growth in the fiscal starting April 1 to 4.6 percent due to weaker private consumption and contraction in investment amid coronavirus outbreak, costing economies around the globe. “At Fitch Solutions, …
The 7.2% GDP growth number nonetheless is noteworthy as it will form the fulcrum for all futuristic scenarios that would go into the formulation of the Budget. Given that growth was 6.7 percent last year, 7.4 percent would appear to be a sharper improvement compared with 7.2 percent. While this looks possible, it must be remembered that the base effect, …
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