Page 3 - Gross Domestic Product

A progressive era for India?

The primary focus of development policy must shift decisively to expanding opportunities for the underprivileged

Trickling down to Viksit Bharat

Strong trickle-down through wage growth would eventually lead to a higher consumption of essential items such as basic clothing, utensils, and personal care products like soaps

Building blocks

Next govt must build on macro strengths

India's GDP growth rate jumps to 7.8% in Q4; FY24 growth at 8.2%

In the previous quarter, GDP growth rate accelerated to 8.4%, it was 7.6% in the July-September quarter

India's GDP growth likely to outpace China's in 2024-28, says EIU

The report suggests that as India's economic heft expands, there would be a crossover in the mid-2040s with BRICS nations taking over the G7 in terms of nominal gross domestic product (GDP)

India's Q4 GDP growth projected at 6.7%, FY24 growth at 7.8%, says ICRA

Domestic rating agency ICRA on Tuesday projected India's GDP growth to moderate to a four quarter low of 6.7 per cent in March quarter of 2023-24 fiscal. For the full 2023-24 fiscal, ICRA estimates GDP growth to come in at 7.8 per cent. The Indian economy grew 8.2 per cent in the June quarter, 8.1 per cent in the September quarter and 8.4 per cent in the December quarter of 2023-24. ICRA Chief Economist, Head-Research & Outreach Aditi Nayar said the lower volume growth coupled with diminishing gains from commodity prices dampening the profitability of some of the industrial sectors is expected to dampen India's GVA growth in Q4 FY2024. India's GDP expanded 6.1 per cent in the March quarter of 2022-23 fiscal, as per May 31, 2023 estimates. The growth for full fiscal 2022-23 was 7 per cent. The GDP numbers for the fourth quarter (January-March 2024) and the provisional estimates for the 2023-24 fiscal are scheduled to be released on May 31. ICRA, in a statement, said the gap betwee

Migration matters

Mobility must remain a priority for economic diplomacy

Concrete jungles and Silicon Valleys

By leveraging technology and data-driven approaches, startups can help cities optimise resource allocation, improve service delivery, and enhance the overall quality of life for residents

BJP manifesto may bode well for business sentiment in India: UBS Securities

Implementing poll promises in the Congress manifesto would entail an additional fiscal cost of 2-3.3 per cent of the gross domestic product, it said in a note

Borrowing to consume

Consumption-based borrowing by the household sector makes investment capital even more expensive

Household debt registered new high by Q3FY24, savings plummeted: Report

A report by Motilal Oswal said that households' net savings plummeted to a six-year low level of 18.4 per cent of GDP

31 million jobs created in real estate under Modi government: Report

The measures taken, it says, can catapult the size of the Indian real estate market from $20 billion in 2017 to an estimated $1 trillion by 2030

S&P Global raises India's FY25 GDP growth forecast by 40 bps to 6.8%

Agency's projection is lower than the Reserve Bank of India's and the government's growth estimate of 7%

BS Manthan: India has an opportunity to lead the world in the AI race

The inaugural edition of Business Standard's two-day national summit of thought leaders, BS Manthan, will delve into the topic of 'How India can ride the AI wave to become a global powerhouse'

We need to accelerate India's growth at 9-10% over next 3 decades: Kant

Discussing India's anticipated growth, Kant suggested transitioning people from agriculture to manufacturing-led smart cities to create better-quality jobs and foster economic development

Market regulator Sebi plans to boost municipal bond participation via ARCL

ARCL is a settlement and clearing provider for the tri-party repo, backed by Sebi and funded by asset management companies, launched last year to provide a common platform for market participants

Kudos to Mint Street mandarins

RBI's adept role in India's recovery deserves greater recognition

GDP vagaries in election years: There are valid explanations for variations

But, in an election year, questions will be raised whether non-economic factors are at play

GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%

In the previous quarter, it was 7.6 per cent and 7.8 per cent in the July quarter

'One Nation, One Election' proposal likely to have German blueprint

Law Commission, in its 2015 report, proposed that a no-confidence motion, even if passed by a majority, shall remain ineffective unless a motion of confidence in a named individual is passed