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India GDP News

10 Dec 2024

S&P Global Ratings Projects 6.8% Growth For Indian Economy In FY25

S&P Global Ratings on Tuesday projected 6.8 per cent growth for the Indian economy in FY25, followed by 6.9 per cent growth in FY26, on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure.

07 Dec 2024

SBI Projects India's FY25 GDP Growth At 6.3%, Below RBI's 6.6% Forecast

In earlier years, such adjustments were common but followed a consistent pattern of downward revisions.For instance, growth forecasts for FY22 and FY23 were downgraded by an average of 90 basis points (bps).

30 Nov 2024

India's GDP Growth Slips In Q2; Experts Revise FY25 Projections

The RBI remains optimistic about the medium-term outlook, stating that the slowdown observed in the second quarter is behind the economy.

29 Nov 2024

Fiscal Deficit At 46.5% Of Full-year Target At October End

The deficit stood at 45 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.

29 Nov 2024

India's Economic Growth Slows To 5.4% In July-September 2024

India remained the fastest-growing major economy as China's GDP growth in the July-September quarter this year was 4.6 per cent.

India economic activity

21 Nov 2024

India’s Economic Activity Growth Reaches 8-Month High In October: Report

This is the highest sequential growth in any month since March 2023 (+10.5 per cent).

18 Nov 2024

India rated fastest growing G20 economy with GDP growth projected at 7%

Russia has been ranked fourth on the list with a projected GDP growth rate of 3.6 per cent, followed by summit host, Brazil (3 per cent) in the 5th spot.

15 Nov 2024

India’s Total Exports Likely To Surpass $800 Billion In Coming Months

India’s exports accelerated to over $73 billion in October from more than 61 billion in the same month last year, registering above 19 per cent growth.

14 Nov 2024

India Poised To Surpass Japan In GDP Ranking By 2025

The article, published in Japan Times, is based on discussions with some economists from Japan including Marcel Thieliant, head of Asia-Pacific for Capital Economics.

18 Oct 2024

Average GDP Growth For 21 Indian States Projected At 11.2% In FY25: NSE Study

Punjab, Kerala, Himachal Pradesh, and Tamil Nadu have allocated over 35 per cent of their revenue receipts to committed expenditure in FY25.

17 Sep 2024

State Share Of National GDP: West Bengal Saw Steepest Decline

While Maharashtra clocked broadly steady performance throughout the 1960-61 to 2023-24 period, West Bengal’s share has been in continuous decline while Tamil Nadu, after a mid-way decline, picked up post-1991, according to the EAC-PM paper.

31 Aug 2024

SBI Adjusts Full-Year GDP Growth to 7% After Q1 FY25 Hits 6.7%

According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1.

28 Jul 2024

India Needs To Strive To Be USD 30 Trillion Economy By 2047 To Become Develope

The World Bank defines high income countries as those whose annual per capita income is more than US $ 14,005 (in 2023).

26 Jun 2024

India's Debt-GDP Ratio Dips To 18.7 Per Cent In March 2024

India's external debt stood at $663.8 billion, an increase of $39.7 billion over its level at end-March 2023.

18 Jun 2024

Fitch Raises India's GDP Growth Forecast For FY25 To 7.2%

The rating agency said in its report that recovery in consumer spending and increasing investment trends are the main factors for this update.

14 Jun 2024

India To Remain Asia-Pacific's Fastest Growing Economy In 2024: Moody’s

A stronger economic growth prospect has been propelled by a good show in the Lok Sabha elections, that has led to Moody's analysis of a uptick in the economy.

08 May 2024

High Possibility Of 8% GDP Growth For India In 2023-24: CEA Nageswaran

Speaking at an event here, the CEA said that he expected a 7 per cent GDP growth rate for 2024-25 and it was important to maintain it.

23 Apr 2024

RBI Sees India's GDP Growth Trend Surging Past 7%

It also points out that the global growth momentum has been sustained in the first quarter of 2024 and the outlook for global trade is turning positive.

11 Apr 2024

ADB Raises India's GDP Growth Forecast For FY25 To 7%

The ADB's growth forecast for FY25 is in line with the projections made by the Reserve Bank of India (RBI).

03 Apr 2024

World Bank Raises India's GDP Growth Forecast To 7.5% For 2023-24

The World Bank has raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.

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