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What is Gross Domestic Product (GDP)

Gross Domestic Product (GDP)

About Gross Domestic Product (GDP)

What is Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within the country during a specified period of time, normally a year. In simple terms, GDP is the measure of the country's economic output in a year. In India, contributions to GDP are mainly divided into three broad sectors — agriculture, industry, and services. GDP is measured over market prices and there is a base year for the computation. The GDP growth rate measures how fast the economy is growing. It does this by comparing the country's gross domestic product in one quarter with that
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Latest Updates on Gross Domestic Product (GDP)

India Q4 GDP numbers today: Will the actual data match the predictions?

India's GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%

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Updated On : 31 May 2024 | 3:49 PM IST

Interim Budget: FM sticks to fiscal consolidation path in Budget speech

Interim Budget: FM Sitharaman said that the fiscal deficit in 2023-24 is expected to be 5.8%, lower than the earlier estimates of 5.9%

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Updated On : 01 Feb 2024 | 12:35 PM IST

Budget 2024 LIVE updates: Govt raises import duty on gold, silver jewellery

Union budget 2024: Govt will table the interim budget where focus will likely be on controlling fiscal deficit and supporting agri ahead of the elections. Catch all the budget-related live updates

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Updated On : 23 Jan 2024 | 4:58 PM IST

Real, nominal GDP growth, inflation play out differently this time around

This happened because inflation, as viewed by GDP deflators, is expected to be quite lower than initially projected for first time, contrary to what had happened ahead of 3 previous interim Budgets

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Updated On : 16 Jan 2024 | 1:53 PM IST

Will govt compromise on capex for fiscal consolidation ahead of polls?

National Democratic Alliance governments have not compromised on capex for fiscal consolidation so far, at least in their concluding years

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Updated On : 09 Jan 2024 | 11:27 AM IST

No jobs and a bleak future: Has the political class failed India's youth?

Rahul Gandhi has been criticised for "trivialising" the security breach in Parliament by belatedly raising unemployment as a political issue

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Updated On : 11 Mar 2024 | 1:50 AM IST

India needs to increase R&D spending to 3% of GDP: Kris Gopalakrishnan

Private sector must contribute 1.5% to such spending, he says in speech urging educational institutions to teach new technologies

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Updated On : 08 Dec 2023 | 11:59 PM IST

China's CLSA ups India exposure on supportive macroeconomic outlook

Brokerage goes 303 bps overweight on domestic markets in MSCI Asia Pac ex-Japan portfolio

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Updated On : 11 Oct 2023 | 12:52 PM IST

Missing the real achievements: Why India needs introspection, not bluster

Neither is India the fastest-growing large economy any longer, nor the prime beneficiary of 'China Plus One', but it is surely a key emerging player with a market larger than others, notes T N Ninan

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Updated On : 21 Jul 2023 | 7:22 PM IST

Top Headlines: IPEF deal on supply chains in Detroit, GDP preview and more

Business Standard brings you top news at this hour

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Updated On : 29 May 2023 | 8:55 AM IST

A sustainable growth rate: At what level will India have no output gap?

Domestic commentators need to engage with the issue of growth rate at which India will have no "output gap" - is it really significantly lower than that achieved over two decades? - writes T N Ninan

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Updated On : 19 May 2023 | 6:55 PM IST

Kerala, UP lag as GSDP of 19 states exceed pre-Covid levels in FY22: Report

The economies of 19 states and UTs in FY22 exceeded their pre-coronavirus levels, as they recorded double-digit growth in the last fiscal year

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Updated On : 22 Aug 2022 | 10:05 AM IST

Morgan Stanley cuts India's FY23 GDP forecast to 7.2%

It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions

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Updated On : 18 Jul 2022 | 11:35 PM IST

Risk of US recession now higher and more front-loaded, warns Goldman

The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year

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Updated On : 21 Jun 2022 | 10:32 AM IST

Companies in clover, but there's something in the economy that's amiss

Today, far too many people earn far too little to support consumption growth of the kind the economy needs, notes T N Ninan

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Updated On : 21 Jun 2022 | 4:23 PM IST

IMF may lower India's GDP growth projection for 2022 to below 8.2%

The IMF had cut India's gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April

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Updated On : 01 Jun 2022 | 1:17 AM IST

India's GDP grows 4.1% in Q4; expands 8.7% in FY22: Govt data

Manufacturing sector contracts in March quarter due to supply disruptions

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Updated On : 31 May 2022 | 11:59 PM IST

RBI revises inflation and growth forecasts; holds policy rates

In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent

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Updated On : 08 Apr 2022 | 11:52 AM IST

Optimistic scenario: Can growth take care of all the economy's problems?

If the government thinks growth is the solution, can it be delivered in a slowing world with rising rates - within the domestic context of slower growth even before the pandemic, asks T N Ninan

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Updated On : 04 Feb 2022 | 7:56 PM IST

LIVE: This Budget brings more infra, more growth and more jobs, says PM

Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights

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Updated On : 01 Feb 2022 | 8:37 PM IST