Gdp Growth

Gdp Growth News

India's GDP growth slips to 6.3% in July-September quarter
India

India's GDP growth slips to 6.3% in July-September quarter

Manufacturing activity expansion continues in the December quarter (Q3) of FY23 while services activity expansion continues in Q3 of FY23, the CEA, adding that in an uncertain external environment, domestic demand is expected to drive GDP growth

Indian economy strong, people's income & employment on rise: BJP
India

Indian economy strong, people's income & employment on rise: BJP

India's economy grew by 13.5 per cent in the first quarter of the current fiscal, mainly due to the base effect, official data showed on Wednesday

Indian economy grows 13.5% in April-June quarter, fastest in a year: Official data
Business

Indian economy grows 13.5% in April-June quarter, fastest in a year: Official data

However, the GDP growth rate missed the estimates made by the RBI. Earlier this month, the RBI estimated the growth rate at 16.2 per cent

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties
Business

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties

Earlier this year, the Economic Survey in January had projected a growth rate of 8-8.5 per cent for the current fiscal

Economic Survey of India 2021-22: GDP growth forecast at 8 to 8.5% in FY23; key points
Business

Economic Survey of India 2021-22: GDP growth forecast at 8 to 8.5% in FY23; key points

The Economic Survey analyses the country's economic development over the previous fiscal by offering comprehensive statistical data on all sectors, besides also suggesting reforms that could be undertaken to accelerate growth

Expect India's GDP growth to be in double-digits this fiscal, says NITI Aayog VC Rajiv Kumar
Business

Expect India's GDP growth to be in double-digits this fiscal, says NITI Aayog VC Rajiv Kumar

Kumar said the climate for disinvestment is looking better and he is very hopeful that the disinvestment target would be fully realised

India’s GDP grows by 1.6% in Q4, but contracts to 7.3% in 2020-21
India

India’s GDP grows by 1.6% in Q4, but contracts to 7.3% in 2020-21

The GDP had expanded by 3 percent in the January-March quarter of 2019-20, while the Indian economy had expanded by 4 percent that year

Economy seeing 'V-shaped' recovery, global uncertainty not mirrored in India: Finance ministry report
India

Economy seeing 'V-shaped' recovery, global uncertainty not mirrored in India: Finance ministry report

Report added that GDP recorded a quarter-on-quarter growth of 23% in July-September quarter, and that the highest contribution was from agriculture, followed by construction and manufacturing

Indian economy contracts 7.5% in July-September quarter amid COVID-19 outbreak
Business

Indian economy contracts 7.5% in July-September quarter amid COVID-19 outbreak

The GDP had expanded by 4.4% in the corresponding July-September period of 2019-20, according to NSSO data

Indian economy may contract by 10.3% in 2020, to bounce back with 8.8% growth in 2021, says IMF
Business

Indian economy may contract by 10.3% in 2020, to bounce back with 8.8% growth in 2021, says IMF

Revisions to the growth forecast are particularly large for India, where GDP contracted much more severely than expected in the second quarter

Amid COVID-19 crisis, India's GDP contracts by 23.9% in April-June quarter
Business

Amid COVID-19 crisis, India's GDP contracts by 23.9% in April-June quarter

Data released by the NSSO shows that the economy had grown by 5.2% in the same quarter of last fiscal. The GVA for all sectors, except agriculture, suffered steep declines

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
Business

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey
Business

India's manufacturing output falls further in May, rate of job cuts accelerates: PMI survey

The country's manufacturing sector activity recorded another sharp deterioration in business conditions during May as new orders placed with producers continued to fall after April's record contraction, leading firms to cut jobs at the quickest pace on record, a monthly survey said on Monday

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening
Business

GDP growth likely be at 3.6% in Jan-Mar quarter, says Care Ratings; govt to release data today evening

The country's GDP growth is likely to be at 3.6 percent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report

US economy shrinks at 5% annual rate in Jan-Mar quarter; economists expect far worse GDP outcome in Q2
Business

US economy shrinks at 5% annual rate in Jan-Mar quarter; economists expect far worse GDP outcome in Q2

The US economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter

Govt measures to deal with coronavirus impact 'very positive', says former RBI governor Bimal Jalan
Business

Govt measures to deal with coronavirus impact 'very positive', says former RBI governor Bimal Jalan

Former Reserve Bank Governor Bimal Jalan on Thursday described the initiatives taken by the government to mitigate the impact of COVID-19 as "very positive" and hoped that these would help in containing the decline in growth

COVID-19 Lockdown Impact: Fitch Ratings says Indian economy to contract 5% in FY21; forecasts global GDP to fall by 4.6% in 2020
Business

COVID-19 Lockdown Impact: Fitch Ratings says Indian economy to contract 5% in FY21; forecasts global GDP to fall by 4.6% in 2020

Fitch Ratings on Tuesday forecast the Indian economy to contract 5 percent in the current fiscal on account of the slump in economic activities following a "very severe" lockdown that has lasted much longer than expected

Coronavirus Lockdown: India faces worst recession in current fiscal; economy to shrink by 5%, says CRISIL
Business

Coronavirus Lockdown: India faces worst recession in current fiscal; economy to shrink by 5%, says CRISIL

India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 percent in the current fiscal because of coronavirus lockdown

GDP growth seen at 1.2% for Q4 FY20; economic activity came to standstill due to nationwide lockdown: SBI report
Business

GDP growth seen at 1.2% for Q4 FY20; economic activity came to standstill due to nationwide lockdown: SBI report

The country's GDP is estimated to have grown at 1.2 percent in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown to contain the spread of COVID-19, a report said

India's first quarter GDP growth likely to be weakest since 2012; coronavirus, lockdown halted economic activity: Poll
Business

India's first quarter GDP growth likely to be weakest since 2012; coronavirus, lockdown halted economic activity: Poll

Forecasts for gross domestic product (GDP) data, due to be released on 29 May, ranged between +4.5 percent and -1.5 percent, underscoring the widespread uncertainty on the impact of the coronavirus on the economy at that stage.