Page 11 - Gdp Growth

India is labour-rich country, can get to 8% growth: NITI Aayog VC Bery

India has potential to grow at 8 per cent as the country is labour-rich with enough institutional maturity of a functioning democracy, NITI Aayog vice chairman Suman Bery said on Thursday. Bery also cautioned the reality is that the north of India has not been traditionally doing as well as the south of India and this can create tensions in a federal polity. "So 8 per cent growth or something approximating that means continuous change that needs to be politically managed," he said while addressing the Global Economic Policy Forum 2023, organised by the Confederation of Indian Industry (CII) and the finance ministry. According to Bery, the modernisation journey of India is unusual and unique. "And if I wanted to bet on India for the next 25 years, I would point to first, the fact that we are not labour constrained in a world which is increasingly labour constrained, but much more importantly, that we have the institutional maturity of a functioning democracy with established rules o

India set to become third-largest economy by 2030: S&P Global Ratings

S&P said that India will be the fastest-growing emerging market in the world, but its paramount test will be whether the country can become the next big global manufacturing hub

Day after Q2 GDP data, economists raise India's FY24 growth forecast

However, analysts continue to exercise caution for the second half of the current fiscal year and FY25 as consumption remains a concern

Best of BS Opinion: Handle with care, Ethics off the pitch & more

Here is the best of Business Standard's opinion pieces for today

Handle with care: India's latest GDP numbers flatter but don't deceive

Even if no statistical jugglery is afoot, the "noise" in India's GDP numbers should be eliminated in order to hear the underlying music without distortion, writes T N Ninan

India's GDP expands 7.6% in Q2; manufacturing, construction lead the charge

While the Reserve Bank of India (RBI) had projected GDP growth of 6.5 per cent for the second quarter of FY24, a Reuters poll of economists estimated it to be slightly faster, at 6.8 per cent

Momentum continues

Low nominal growth can pose challenges

Q2 GDP numbers show resilience and strength of Indian economy: PM Modi

Prime Minister Narendra Modi said that the Centre was committed to ensuring fast-paced growth to create more opportunities, rapid eradication of poverty and improving 'Ease Of Living'

India's GDP growth expected to slow to 6.3% in FY24: OECD economic outlook

The GDP growth is expected to further slow to 6.1 per cent in the next financial year (FY25), before rebounding in FY26

Rekindling corporate investment

To achieve the levels seen in 2008, it is essential to increase corporate productivity

S&P Global, Morgan Stanley peg India's GDP growth at 6.4% in 2024

Those at Goldman Sachs, on the other hand, see the Indian economy growing a tad lower at 6.3 per cent in the year ahead.

Urban consumption likely to propel India's GDP growth in July-September

Besides, the index of industrial production (IIP) also grew at a robust pace of 7.34 per cent during the quarter, along with a robust 13.9 per cent growth in electricity demand

Meeting the deficit target

The pressure to rein in capital expenditure and collect more tax revenue may increase

India Inc net profit share in GDP now just shy of 5% after robust Q2

Morgan Stanley believes that strong earnings growth relative to GDP growth is one of the five key drivers underpinning "India's structural bull market"

India's GDP to grow 6-7.1% during 2024-2026, growth prospects strong: S&P

The report further said that the State Bank of India and leading private-sector banks have largely addressed their asset-quality challenges

FY24 supplementary grants: Big cash flow unlikely this winter session

The government has exhausted only 39 per cent of its fiscal deficit target in the first half (April-September) of FY24

To be a developed nation by 2047, India needs to change a range of policies

For achieving over 8 per cent annual economic growth, the country will have to improve its human capital

Dominance and vibrancy: Is Indian business getting oligopolistic?

With cash in the bank and low debt, the bigger players may establish their dominance in markets that require scale, but that does not seem to mean smaller companies will do poorly, writes T N Ninan

Decoupling of emissions and GDP not yet achieved: RBI deputy governor Patra

Patra further said that central banks and financial institutions must actively address climate change, as it impacts their mandates of price and financial stability

China's gasoline exports tumble; IMF upgrades GDP growth forecasts

Beijing is owed more than $1 trillion in BRI project debt, says report