GDP Growth

The first advance estimates released by the National Statistics Office (NSO) on Tuesday estimated a nominal GDP growth of 9.7 per cent for FY25

Aghi talks on the challenges and opportunities in business between the US and India

The downward revision of GDP growth estimates for the current fiscal calls for radical action to dispel the cloud of growth slowdown and investment chill in the country, the Congress said on Wednesday. AICC general secretary in-charge communications Jairam Ramesh said it also set a gloomy backdrop to the Union Budget. He suggested that income support for India's poor, higher MGNREGA wages and increased minimum support prices (MSPs) were the need of the hour, and demanded a drastic simplification of the "comically complex" GST regime and Income Tax relief for the middle class. In a statement, Ramesh said the advance estimates released by the Union government for GDP growth in the 2024-25 financial year projected a mere 6.4 per cent growth. "This is a four-year low, and a sharp deceleration compared to the 8.2 per cent growth recorded in FY24 (2023-24). It is even lower than the recent RBI estimate of 6.6 per cent growth which itself marked a reduction from the earlier projection of

Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP, respectively

The Budget had assumed nominal GDP to grow 10.5 per cent for FY25

Falls short of RBI estimate; better showing in agri and manufacturing expected in H2

Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024

GDP grew 7.55 per cent in the fourth quarter, the fastest quarterly growth in more than two years, the General Statistics Office said in a report

Rural demand, services sector may lift H2 showing

With the right blend of policy support, technological advancements and customer-centric strategies, India's financial sector is ready to play a pivotal role in the nation's journey toward sustainable

While a precise figure won't be available until next month, the Chinese leader's disclosure capped off a year of economic uncertainty, with the growth goal initially seen as a target without a plan

SNGs in India are accountable to the Union government but are not uniformly as diligent in maintaining fiscal resilience and debt sustainability

Next time the GDP numbers are announced, the slowdown could be attributed to global economic weakness, rising oil prices, or another drop in domestic capex

The merchandise trade deficit increased to $75.3 billion in Q2 of 2024-25 from $64.5 billion during the same period last year

Thanks to the recent policy easing and near-term export strength, the World Bank sees China's gross domestic product growth at 4.9 per cent this year, up from its June forecast of 4.8 per cent

India's GDP is forecasted to grow at 6.5% in FY25 and FY26, but weak private consumption, rising household debt, and sluggish government spending pose challenges

The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies

Savings of households in 'shares and debentures' has increased to 1 per cent of GDP in FY24, from 0.2 per cent in FY14

This series looks at India's progress over the past 25 years and future directions. The first part highlights the country's IT expertise, which became a talking point globally as the millennium began

The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal