Page 28 - Gdp Growth
Robust activity in services sector holds up 6.3% GDP growth in Q2
GDP grew 7.6 per cent in the September quarter of FY23 over the comparable period in FY20, which was before the pandemic
 "Robust activity in services sector holds up 6.3% GDP growth in Q2")
Economy will grow over 6.8% in FY23, says CEA V Anantha Nageswaran
While on the growth outlook of the next financial year FY24, he said he is optimistic on the growth story than many of global agencies forecast
 "Economy will grow over 6.8% in FY23, says CEA V Anantha Nageswaran")
India on track to achieve 6.8-7% GDP growth this fiscal, says CEA
The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, Chief Economic Advsior V Anantha Nageswaran said on Wednesday. He said the economic recovery momentum is continuing and the GDP is averaging the 2019-20 level. "In 2022-23, the economy is on track to reach a 6.8-7 per cent growth in the current fiscal," he said, adding festival sales, PMI, bank credit growth and auto sales data shows that the economy has maintained momentum despite global headwinds. The IMF has projected Indian economy to grow at 6.8 per cent this fiscal, while the RBI has pegged it at 7 per cent. India's economic growth slowed down to 6.3 per cent in the July-September quarter of this fiscal, as against 8.4 per cent in the same period 2021-22. India's economy grew by 9.7 per cent growth in the first half (April-September) of this fiscal.
 "India on track to achieve 6.8-7% GDP growth this fiscal, says CEA")
GDP growth may have beaten MPC's estimate of 6.3% in Q2: Economists
Growth numbers for the second quarter of the current financial year are scheduled to be out today
 "GDP growth may have beaten MPC's estimate of 6.3% in Q2: Economists")
Budget 2023-24: 'Realistic' 10-11% nominal growth target on the table
Finance ministry expects moderation in retail inflation in FY24
 "Budget 2023-24: 'Realistic' 10-11% nominal growth target on the table")
Valuation, capital gains tax treatment key risks for the market: Analysts
The government, reports suggest, may rationalise long-term capital gains tax (LTCG) structure by bringing parity between similar asset classes
 "Valuation, capital gains tax treatment key risks for the market: Analysts")
Centre confident of meeting fiscal deficit target for FY23: Report
Centre expects the gross tax revenue to be "at least" Rs 3-3.5 trillion above the FY23 target of Rs 27.6 trillion
 "Centre confident of meeting fiscal deficit target for FY23: Report")
OECD cuts India FY23 GDP forecast to 6.6% on slowdown at home, global fears
Says India is set to be second-fastest growing G-20 economy in FY23, despite decelerating global demand and tightening of monetary policy to manage inflationary pressures
 "OECD cuts India FY23 GDP forecast to 6.6% on slowdown at home, global fears")
Bank credit to grow 15% YoY in FY23, FY24 on corporate demand: CRISIL
Lenders may have to raise deposit rates at faster pace, says senior executive of agency
 "Bank credit to grow 15% YoY in FY23, FY24 on corporate demand: CRISIL")
Top headlines: ESMA-RBI tussle, India's services exports, Paytm Q2 results
Business Standard brings you the top headlines this hour
 "Top headlines: ESMA-RBI tussle, India's services exports, Paytm Q2 results")
FY23 GDP growth may not exceed 7%, says CEA V Anantha Nageswaran
The IMF sees FY23 GDP growth at 6.8 per cent compared with 7.4 per cent earlier, while the RBI has cut its forecast to 7 per cent from 7.2 per cent
MSMEs hold the key to $5-trn economy
A proactive and cohesive approach by the government to support micro, small and medium enterprises could raise their contribution to GDP to about 50 per cent in the foreseeable future
 "MSMEs hold the key to $5-trn economy")
Climate change targets pose stark challenge for the developing world
Floods and drought, hurricanes and heat waves will make the path out of poverty much more difficult. But trying to limit climate change poses its own set of problems for the developing world
 "Climate change targets pose stark challenge for the developing world")
Customs, excise mop-up likely to see Rs 1-trillion shortfall in FY23
Duty cuts on edible oil, petro products to blame; may not hit overall collection
 "Customs, excise mop-up likely to see Rs 1-trillion shortfall in FY23")
TMS Ep281: RBI on inflation, startup funding, IT stocks, base effect
Are RBI's hands tied when it comes to inflation? Why are Indian start-ups facing a severe funding winter? Will IT stocks survive global recession fears? What is low base effect? All answers here
 "TMS Ep281: RBI on inflation, startup funding, IT stocks, base effect")
What is low base effect?
India's GDP growth fell in the negative zone in 2020. The next year, growth numbers threw a surprise. The sudden jump in GDP growth was due to the previous year's low base. Let's know more about it
 "What is low base effect?")
India's growth, external profile solid buffers against turbulence: S&P
More severe conditions could put pressure on its sovereign credit ratings, says agency
 "India's growth, external profile solid buffers against turbulence: S&P")
Economy doing well despite external headwinds, Oppn criticism wrong: BJP
Party spokesperson accuses Rahul Gandhi of 'crony socialist attitude', says Kejriwal govt corrupt
IMF cuts India's FY23 GDP forecast to 6.8%, flags global inflation crisis
Slashes it by 60 bps; says worst yet to come for world
 "IMF cuts India's FY23 GDP forecast to 6.8%, flags global inflation crisis")
Results preview: Order-book booster to stay for capital goods firms
Key monitorables include tender pipeline and emerging supply-chain scenario, say analysts and players
 "Results preview: Order-book booster to stay for capital goods firms")