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. Source link
High Possibility Of 8% GDP Growth For India In 2023-24: CEA Nageswaran | Economy News
New Delhi: There is a high possibility of India’s economic growth touching 8 per cent in 2023-24, government’s Chief Economic Adviser (CEA) V Anantha Nageswaran said on Wednesday. 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. […]
India To Remain Asia-Pacific’s Fastest Growing Economy In 2024: Moody’s | Economy News
New Delhi: India will remain the Asia-Pacific region’s fastest-growing economy in 2024, sustaining the domestically-driven momentum of last year, on the back of a continuity in policy that focuses on infrastructure development and encourages private sector investment, according to the latest report of global rating agency Moody’s. In its report titled ‘Credit Conditions – Asia-Pacific […]
Fitch Raises India’s GDP Growth Forecast For FY25 To 7.2% | Economy News
New Delhi: Global rating agency Fitch on Tuesday raised India’s GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent. The rating agency said in its report that recovery in consumer spending and increasing investment trends are the main factors for this update. Fitch said in its global outlook report, “We expect […]
India’s Debt-GDP Ratio Dips To 18.7 Per Cent In March 2024 | Economy News
Mumbai: India’s external debt to GDP ratio declined to 18.7 per cent at the end of March 2024 from 19.0 per cent at the end of March 2023, strengthening the country’s macroeconomic fundamentals. Although in absolute terms at the end of March 2024, India’s external debt stood at $663.8 billion, an increase of $39.7 billion […]
India Needs To Strive To Be USD 30 Trillion Economy By 2047 To Become Developed Country: NITI Aayog paper | Economy News
New Delhi: India needs to strive to be a USD 30 trillion economy by 2047 with a per capita income of USD 18,000 per annum to become a developed economy, NITI Aayog has said in an approach paper ‘Vision for ‘Viksit Bharat @2047’. According to the paper, which was discussed in the NITI Aayog meeting […]
India GDP Growth Hits 6.7 Per Cent In Q1 FY25: SBI Predicts Full-Year Revision Down to 7 Per Cent | Economy News
India’s GDP Growth: 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. As per the Ministry of Statistics and Programme Implementation’s […]