Economy Growth Forecast

Asian Development Bank lowers India's growth forecast to 6.5% for FY25

The multilateral funding agency also revised downwards its forecast for the next financial year (FY26) to 7 per cent from 7.2 per cent estimated earlier

Asia tariffs could harm growth and disrupt supply chains, warns IMF

Tariffs could impede global trade, hamper growth in exporting nations, and potentially raise inflation in the United States, forcing the US Federal Reserve to tighten monetary policy, despite

S&P Global raises annual profit forecast on demand for analytics products

S&P Global now expects its 2024 adjusted earnings per share between $15.10 and $15.30, compared with the prior view of $14.35 to $14.60

India largest growing economy: IMF lists 3 focus areas for growth reforms

IMF Asia Pacific Department Director Krishna Srinivasan suggested that India's reform priorities should be in three areas: Jobs, existing trade barriers, and infrastructure sector

IMF retains India's GDP growth forecast at 7% for FY25, 6.5% for FY26

For India, the October outlook projects a headline inflation figure of 4.4 per cent for FY25 and 4.1 per cent for FY26

China's Q3 economic losses from natural calamities surge to $32.3 billion

In September, the financial hub of Shanghai was brought to a standstill by Typhoon Bebinca, the most powerful tropical cyclone to directly hit the city in 70 years. Earlier that month, Super Typhoon

Indian bond yields expected to rise ahead of debt auction, US yields impact

Data showed US retail sales rose 0.4 per cent last month, above the 0.3 per cent estimate of economists polled by Reuters, and after an unrevised 0.1 per cent gain in August

Economists delay India rate cuts to 2025 after Sept retail inflation spike

Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.66% a month prior

IMF warns global public debt to exceed $100 trillion amid spending surge

The IMF's latest Fiscal Monitor report showed global public debt will reach 93 per cent of global gross domestic product by the end of 2024 and approach 100 per cent by 2030.

Israel finance ministry slashes growth forecast as war in Gaza hits economy

Gross domestic product will rise 1.1 per cent, according to updated figures on the ministry's official website, down from the previous figure of 1.9 per cent

India's GDP growth likely to have moderated in June quarter: Analysts

Slowdown in key drivers due to LS polls and high base effect: Analysts

Unique tax payers trading on NSE more than tripled since pandemic

Numbers are 40 per cent lower than the number of overall investor accounts

S&P Global Ratings retains India's growth forecast for FY25 at 6.8%

For FY26 and FY27, S&P projected India's economy to grow at 6.9 per cent and 7 per cent, respectively

Fitch Ratings raises India's growth forecast by 20 bps to 7.2% for FY25

The Indian economy grew at an impressive rate of 8.2 per cent in FY24, driven by a stronger-than-expected expansion of 7.8 per cent in the fourth quarter

India's May exports rise 9.1%; merchandise imports up 7.7% at $61.91 bn

Merchandise imports in the same month rose 7.7 per cent year-on-year to $61.91 billion - widening the trade deficit to $23.78 billion

Bank of Japan decides to trim bond buying, keep rates steady at 0-0.1%

BOJ will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month for now

RBI likely to reduce key repo rate when inflation stabilises: India Inc

India Inc welcomed the Reserve Bank's move to raise the growth outlook for FY25 and stated that it expects the Reserve Bank to reduce the key repo rate when inflation stabilises within its target band. The Reserve Bank, which has been mandated to ensure inflation remains at 4 per cent (with a margin of 2 per cent on either side), mainly factors in CPI while arriving at its monetary policy. It left the key interest rate unchanged as widely expected, keeping the focus on inflation amid robust economic growth that is likely to provide the new Modi government headroom for manoeuvring reforms. The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook warrant a close monitoring. Consumer Price Index (CPI)-based retail inflation has been projected at 4.5 per cent with quarter-wise projections at 4.9 per cent in Q1 (April-June), 3.8 per cent in Q2, 4

RBI monetary policy: When and where to watch the governor's announcement?

RBI Monetary Policy Committee meeting LIVE updates: Economists expect the central bank to maintain the repo rate at 6.5 per cent for the eighth consecutive time

Business activity expands in May as exports surge, PMI rises to 61.7

Robust demand was supported by new business in the services industry, which grew at the fastest pace since January, as well as rising manufacturing output and new orders

OECD raises India's FY25 GDP growth projection by 40 basis points to 6.6%

Meanwhile, the agency also noted that private consumption has been less vigorous, confirming the preliminary findings from the latest household consumption expenditure survey