Gdp Data

A call for transparency: Why India must not let its GDP data turn Chinese

India's GDP data faces growing scrutiny over transparency and reliability. To regain trust and ensure accuracy, a reform in statistical methods is critical to avoid pitfalls seen in China's approach

Foreigners buy $1 bn in bonds, betting on policy easing after GDP data

The 10-year bond yield has fallen to three-year lows and the spread with the repo rate has declined to a 7-year low

Q2 GDP growth low but 2nd half numbers expected to be better: DEA secretary

Economic Affairs Secretary Ajay Seth on Monday said second quarter GDP growth at 5.4 per cent is lower than the potential but exuded confidence that the second half to be better. Several high-frequency indicators in the month of October are pointing towards that, he told reporter here. Seth also said that quarterly estimates have been revised upwards in the past when full GDP numbers are available. "Numbers are lower than what our potential is but not alarming...GDP growth will be much higher in the third and fourth quarter," he said. The Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the the preceding financial year. India's economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors as well as weak consumption. The gross domestic product (GDP) had expanded by 8.1 per cent in the July-September quarter of 2023-2

Base year for GDP calculation to be changed to FY23: Govt tells Parliament

Government informed Parliament that an advisory committee on national accounts statistics has been formed to identify new data sources and advise on the methodology for the revised series

GDP growth likely bottomed out; inflation to prevent December RBI rate cut

The CPI inflation for Q3 FY2025 is expected to overshoot the MPC's estimate of 4.8 per cent for the quarter by at least 60-70 bps

Second half likely to see a pick-up in GDP growth, says India Inc

The GDP data for Q2 this year are a reflection of the vagaries of monsoons, as well as slower than expected consumption growth in urban areas

Markets Today: GDP; Sensex, Bankex new expiry day; Enviro Infra IPO listing

Thursday's session proved challenging for domestic markets, with benchmarks plunging sharply on the monthly F&O expiry. Sensex crashed 1,190 pts to 79,043.74, while Nifty slid 360.75 pts to 23,914.15

GDP growth, inflation among key triggers that may drive mkts in Samvat 2081

While GDP growth may have moderated in Q2FY25, inflation might not weigh so heavily on markets in Samvat 2081 say analysts. Here are some key insights on what may drive markets going forward

Direct tax-GDP ratio hits 24-year high of 6.64% in FY24, shows data

Direct tax mopup rises 18%, outpacing economic growth; buoyancy at 2.12

Economists call on MoSPI to reduce time lag for release of GDP data

Nilesh Shah, Member, EAC-PM, MD Kotak Mahindra Asset Management Company Ltd suggested that MoSPI should look for avenues of improvement to ensure data accuracy and reduce time lag of release

Boost for govt spending on welfare, infrastructure as crude prices plunge

Crude oil futures dipped to the lowest this week in nearly three years, wiping out all the gains made earlier this year after seasonal demand for crude from China did not materialise as expected

Nomura lowers its FY25 economic growth forecast for India to 6.7%

Goldman Sachs and J.P.Morgan maintained their FY25 GDP forecast for Asia's third-largest economy at 6.5 per cent

Confident RBI's growth projection will materialise in coming quarters: Das

The slowing of India's economic growth to a 15-month low of 6.7 per cent in the April-June quarter was due to "lower" government spending in the wake of the enforcement of the model code of conduct for the recent Lok Sabha polls, RBI Governor Shaktikanta Das said here on Saturday. The RBI had projected a growth rate of 7.1 per cent for the April-June quarter of this fiscal. "The Reserve Bank projected a growth rate of 7.1 per cent for the first quarter. However, the first advance estimation data released by the National Statistical Office showed the growth rate at 6.7 per cent," Das told reporters here. The components and main drivers responsible for the GDP growth like consumption, investment, manufacturing, services and construction have registered a growth of more than 7 per cent, he said. Only two aspects have pulled the growth rate slightly down. Those aregovernment (both central and state) expenditure and agriculture, the RBI governor pointed out. He said the government ...

India's GDP growth slows to 15-month low of 6.7% in April-June quarter

India's gross domestic product slowed to a quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data. India remains the fastest-growing major economy, as China's GDP growth in the April-June quarter was 4.7 per cent. The agriculture sector recorded a 2 per cent growth, down from 3.7 per cent in the April-June quarter of 2023-24, as per the National Statistical Office (NSO) data released on Friday. However, the growth in the manufacturing sector accelerated to 7 per cent in the first quarter of the current fiscal compared to 5 per cent in the year-ago period. The previous GDP low was 6.2 per cent in January-March 2023.

Key infra sectors' growth slows down to 6.1% in July, shows govt data

The growth in production of eight key infrastructure sectors slowed down to 6.1 per cent in July this year due to a decline in the output of crude oil and natural gas, according to official data released on Friday. The growth rate, however, is up from 5.1 per cent in June. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 8.5 per cent in July 2023. During April-July this fiscal, the output of core sectors rose by 6.1 per cent against 6.6 per cent in the same period last fiscal. The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth. Crude oil and natural gas output contracted by (-) 2.9 per cent and (-) 1.3 per cent, respectively, in July.

India's growth likely slowed to 6.9% last qtr as govt spending lagged: Poll

Growth in Asia's third-largest economy had been well above 7 per cent during previous quarters thanks to strong capital expenditure by the government led by Prime Minister Narendra Modi

Investor confidence

Index inclusion also has risks

PSU stocks climb up to 9% as exit polls predict landslide victory for BJP

Shares of state owned companies cracked the upper ceiling on the BSE in Monday's early trades. The BSE CPSE index was up 6.9 per cent at 4,389 levels

GDP or GVA: Take your pick for methodology to compute growth numbers

The raging debate may boil down to what you are looking for

Japan's Q4 GDP revised up to slight expansion, economy avoids recession

On a quarter-on-quarter basis, GDP grew 0.1%, compared with the initial reading of a drop of 0.1.% drop and a median forecast for a 0.3% rise