India’s economy may well end up growing by about 8% this fiscal, outstripping the 7.6% real GDP growth projected by the National Statistical Office, the Finance Ministry signalled on Friday, citing the continuing momentum in economic activity in the ongoing final quarter of 2023-24. Despite risks such as “hardening crude oil prices” and “global supply chain bottlenecks to trade”, the …
India’s real GDP growth in 2023-24 is estimated at 7.3%, compared to 7.2% a year ago, as per the first advance estimates of national income released by the National Statistical Office on Friday, which reckon the economy will outperform the 7% uptick recently projected by the Reserve Bank of India. With GDP growth in the first half of this year …
Increases in consumer prices undermine individual and household income. Private consumption expenditure plummeted to its lowest point in the past four years, reaching 60.6 per cent during the fiscal year of 2023. The estimates indicate a 16.1 per cent increase in GDP value in the financial year 2023 due to rising inflation, which is more than twice the real GDP …
India’s gross domestic product is estimated to grow at 8.9% in 2021-22 instead of 9.2% estimated earlier, with year-on-year growth in the October to December 2021 period slipping to 5.4% from 8.5% in the previous quarter, as per the second advance national income estimates released on Monday. India’s GDP had shrunk 6.6% in 2020-21, with the first half of the …
Mumbai, Jan 28: The forthcoming budget needs to delay fiscal consolidation, instead should focus more on supporting the pandemic battered-economy and boost consumption demand by offering income tax soaps and cutting fuel taxes, says a report. In a pre-budget report, India Ratings said it expects the new budget to consolidate and strengthen the plan set out in the last budget, …