Hyderabad: India has the potential to become a USD 55 trillion economy by 2047 if state and central governments work hard to implement policies that will take the country’s growth from “what has been historically 7 % to 8% (in rupee terms)”, Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on … Read more
New Delhi: India’s logistics cost will come down to 9 per cent of GDP by April next year, Union Minister Nitin Gadkari said on Thursday. Addressing an event here, Gadkari further said the country’s exports will also increase when the logistics cost comes down to single digit. “Our logistics cost now is 16 per cent…It … Read more
Home Business India Defies Expectations As GDP Growth For FY24 Stands At 8.2 Percent, PM Modi Calls It ‘Trailer Of Things To Come’ The Ministry of Statistics and Programme Implementation released data on May 31 in which, surpassing all expectations, there has been a massive growth for India’s GDP as it stands at 7.8% in the fourth quarter … Read more
India FY24 GDP growth data: Indian economy grew at a faster-than-expected rate of 7.8% year-on-year in the January-March quarter, driven by robust growth in the manufacturing sector. For the full year 2023-24 it is estimated that India’s GDP is estimated to have grown at a robust 8.2%. Economists anticipate this momentum will remain strong throughout … Read more
Home Business S&P Raises India’s Outlook To Positive On Robust Growth; FM Nirmala Sitharaman Welcomes Revision S&P said India’s robust economic expansion is having a constructive impact on its credit metrics. After a gap of about 10 years, S&P Global Ratings on Wednesday raised India’s outlook to positive from stable on robust growth prospects for … Read more
Home Business GDP Growth Likely To Be 6.2% In Q4; 7% In FY24, Says Rating Agency The Reserve Bank, in its monetary policy review in April, projected GDP growth for 2023-24 at 7 per cent. As regards the economic growth in the current fiscal, Sinha said the GDP is expected to expand at 7.1 per … Read more
New Delhi: India’s economy is expected to grow by 6.9 percent in 2024, retaining its spot as the fastest-growing major economy, said a report by a United Nations agency, in a revision of its earlier 6.2 percent growth rate projection for the country. The UN Department of Economic and Social Affairs, which released the mid-year … Read more
Home Business India’s GDP Growth Will Be At 6.8% In FY25, ‘Continue To Fastest-Growing Large Economy’ Projects Crisil By the end of the current decade, India’s per capita income will breach USD 4,500, said Joshi from Crisil. CRISIL On India’s GDP Rating agency Crisil on 6th March projected that India’s real GDP growth will moderate … Read more
Home Business Moody’s Raises India’s FY2024 GDP Growth Estimate To 6.8% From 6.1% Agency further said, Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023. Moodys On India GDP Global rating agency Moody’s has revised India’s 2024 GDP growth estimate to 6.8 percent from its … Read more
Confidence booster shot! Moody’s Investor Service has significantly revised its GDP forecast for India on Monday, citing the robust momentum observed in the South Asian economy in recent quarters, which the ratings agency anticipates will persist into 2024.India’s economy has demonstrated strong performance, and the better-than-anticipated data in 2023 has prompted us to revise our … Read more