Business Standard

Monday, January 20, 2025 | 10:38 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 2 - Gdp

India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran

India's potential GDP growth is in the range of 6.5-7 per cent and the country should be able to achieve it on the back of things that done already in the last 10 years, Chief Economic Advisor V Anantha Nageswaran said on Monday. 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 preceding financial year. Addressing IVCA's GreenReturns Summit, he said, "India's potential GDP growth is in the range of 6.5-7 per cent and we should be able to achieve it on the back of things that we have done already in the last 10 yearswhether it is in terms of augmenting the physical infrastructure or achieving financial inclusion." Emphasising the investment areas, he said, "We all know about the issue of intermittency. The investment shouldn't focus on setting up solar power plants or wind energy plants as we need to take into consideration the increasing cost of recycling solar panel waste and wind turbine waste. That is an area

India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran
Updated On : 03 Dec 2024 | 12:13 AM IST

Govt targets 6.5-7% GDP growth in FY25 despite slowdown: EAS Ajay Seth

India's GDP recorded a 5.4% growth in the July-September quarter, its slowest in two years

Govt targets 6.5-7% GDP growth in FY25 despite slowdown: EAS Ajay Seth
Updated On : 02 Dec 2024 | 2:34 PM IST

After Q2 GDP surprise, agencies downgrade India's FY25 growth forecast

Key metrics, such as goods and services tax (GST) collection, e-way bills, and toll revenues, increased in October

After Q2 GDP surprise, agencies downgrade India's FY25 growth forecast
Updated On : 01 Dec 2024 | 11:25 PM IST

Risks to sustained market up move; temper return expectation: Analysts

Derivative data also offers an interesting narrative, with foreign institutional investors (FIIs) starting the December series with 67 per cent short positions in index futures

Risks to sustained market up move; temper return expectation: Analysts
Updated On : 01 Dec 2024 | 10:25 PM IST

Q2 GDP numbers disappointing but not alarming, says CEA Nageswaran

He stressed that geopolitical conditions remained fragile and may continue to impact domestic inflation, supply chains, and capital flows

Q2 GDP numbers disappointing but not alarming, says CEA Nageswaran
Updated On : 30 Nov 2024 | 12:03 AM IST
Updated On : 29 Nov 2024 | 11:32 PM IST

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

Second half likely to see a pick-up in GDP growth, says India Inc
Updated On : 29 Nov 2024 | 8:22 PM IST

Govt mulls change in base year to 2022-23 from 2011-12 for GDP computation

The government is considering changing the base year for computation of the GDP to 2022-23 in February 2026 to reflect an accurate picture of the economy, a top government official said. This will be the first revision in over a decade. It was last done in 2011-12. Addressing an event here, Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg further said the ministry will come up with monthly estimates of Periodic Labour Force Survey (PLFS) from January next year. "...next base year (GDP) will be 2022-23...will be implemented from February 2026," Garg said. The 26-member Advisory Committee on National Accounts Statistics (ACNAS), which was constituted under the Chairmanship of Biswanath Goldar, is expected to complete the exercise by early 2026. Regularly updating the base year is essential to ensure that indices accurately reflect changes in the economy's structure, such as shift in consumption pattern, sector weight and the incorporation of new ...

Govt mulls change in base year to 2022-23 from 2011-12 for GDP computation
Updated On : 29 Nov 2024 | 3:57 PM IST

Viksit Bharat focuses on potential of all Indians, not just global ranks

Our world rankings are, without question, a stunning achievement that calls for monumental pride

Viksit Bharat focuses on potential of all Indians, not just global ranks
Updated On : 27 Nov 2024 | 10:27 PM IST

US economy grows at 2.8% in Q3 on consumer spending, exports surge

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. The Commerce Department reported that growth in US gross domestic product the economy's output of goods and services slowed from the April-July rate of 3%. But the GDP report still showed that the American economy the world's largest is proving surprisingly durable. Growth has topped 2% for eight of the last nine quarters. Still, American voters exasperated by high prices were unimpressed by the steady growth and chose this month to return Donald Trump to the White House to overhaul the nation's economic policies. He will be supported by Republican majorities in the House and Senate. Consumer spending, which accounts for about 70% of US economic activity, accelerated to a 3.5%% annual pace last quarter, up from 2.8% in the April-June period and

US economy grows at 2.8% in Q3 on consumer spending, exports surge
Updated On : 27 Nov 2024 | 7:47 PM IST

S&P Global cuts India's FY26 GDP growth forecast to 6.7% from 6.9%

Raises inflation projection for FY25 to 4.6%

S&P Global cuts India's FY26 GDP growth forecast to 6.7% from 6.9%
Updated On : 25 Nov 2024 | 11:20 PM IST

India ready for global challenges, set to be third-largest economy: Goyal

The Indian currency has held its position as one of the least volatile among major currencies, and the forex reserves stand at about $675 billion-among the five largest in the world, the minister said

India ready for global challenges, set to be third-largest economy: Goyal
Updated On : 22 Nov 2024 | 8:05 PM IST

TN asks Finance Commission to consider 'income distance' for tax devolution

State also wants weightage increased for contribution to national GDP and urbanisation

TN asks Finance Commission to consider 'income distance' for tax devolution
Updated On : 19 Nov 2024 | 10:46 AM IST

Manufacturing slump likely to hit India's Q2 GDP growth to six-quarter low

During the June quarter of FY25, the economy grew 6.7 per cent

Manufacturing slump likely to hit India's Q2 GDP growth to six-quarter low
Updated On : 17 Nov 2024 | 10:49 PM IST

Where next for Asian economies? Clearsighted reforms key for durable growth

In the case of India, this transition of employment has been relatively slow: the share of agricultural employment is higher and has been slower to fall than in many emerging economies

Where next for Asian economies? Clearsighted reforms key for durable growth
Updated On : 12 Nov 2024 | 9:22 PM IST

India to release GDP data 90 minutes earlier at 4 pm, to align with markets

The first GDP data release under the new schedule is set for November 29, covering the second quarter of FY25

India to release GDP data 90 minutes earlier at 4 pm, to align with markets
Updated On : 08 Nov 2024 | 3:07 PM IST

India in cyclical slowdown, RBI's 7.2% estimate 'overly optimistic': Nomura

Japanese brokerage Nomura on Monday said the Indian economy has entered a phase of "cyclical growth slowdown" and the Reserve Bank's estimate of 7.2 per cent GDP expansion is "overly optimistic". The brokerage said it sees "rising downside risks" to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26. "We believe India's economy has entered a cyclical growth slowdown. Coincident and leading growth indicators point to a further moderation in GDP growth and the RBI's forecast of 7.2 per cent for FY25 is overly optimistic," the brokerage said in a note. The RBI maintained its FY25 growth estimate at 7.2 per cent earlier this month, even as some watchers have been coming out with lower numbers. Nomura said urban consumption indicators have been softening lately, and pointed to the slump in passenger vehicle sales, moderation in airline passenger traffic and FMCG companies flagging weak urban demand. "We believe this weakness in urban demand is likely

India in cyclical slowdown, RBI's 7.2% estimate 'overly optimistic': Nomura
Updated On : 28 Oct 2024 | 11:41 PM IST

Canada's economy won't take a hit from immigration curb, says minister

The Canadian government on Thursday set targets to lower admissions across all key immigrant groups starting in 2025

Canada's economy won't take a hit from immigration curb, says minister
Updated On : 25 Oct 2024 | 11:12 AM IST

Karnataka registered a robust 10.2% GSDP growth in 2023-24: MoSPI

Karnataka has registered a robust GSDP growth of 10.2 per cent in 2023-24, the state government said on Monday. Citing a data from the Ministry of Statistics and Programme Implementation (MoSPI), the government said in a statement that the state has significantly surpassed the national average of 8.2 per cent. "Initially, the National Statistical Estimate (NSE) had projected a modest 4 per cent GSDP growth for Karnataka, but this was revised to 13.1 per cent by the end of the fiscal year, indicating early underestimation of the state's economic performance," the statement read. The government pointed out that this feat was achieved despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets. The state's agriculture sector faced negative growth due to drought conditions, while Karnataka's dependence on the IT and hardware sectorsaccounting for 28 per cent of its Gross State Value Added (GSVA)made it vulnerable to global economic downturns,

Karnataka registered a robust 10.2% GSDP growth in 2023-24: MoSPI
Updated On : 21 Oct 2024 | 1:45 PM IST