Page 5 - Gross Domestic Product
Will interim Budget 2024 revive demand and investment?
The interim Budget 2024-25 on February 1 will likely see the central government boost investment, while still sticking to the fiscal consolidation path
 "Will interim Budget 2024 revive demand and investment?")
Statsguru: How the insurance industry is becoming a two-speed sector
Insurance penetration is the value of the premiums relative to gross domestic product. Life insurance penetration declined in 2022-23 (FY23)
 "Statsguru: How the insurance industry is becoming a two-speed sector")
India likely to register 6.9-7.2% GDP growth in FY24, says Deloitte
India is expected to clock a GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), the Indian economy is estimated to grow by 7.3 per cent in the 2023-24 fiscal, against 7.2 per cent a year ago, mainly due to a good show by mining & quarrying, manufacturing and certain segments of services sectors. Deloitte India's recent economic outlook report said there is an underlying momentum that is building up in the Indian economy, as seen in the improving economic fundamentals. India's current account deficit (CAD) was at 1.9 per cent of GDP in 2022-23 and is expected to be further lower in 2023-24, it said. Further, foreign exchange reserves remain at a comfortable level of Rs 568 billion which is equivalent to over 10 months of import cover. At present ...
 "India likely to register 6.9-7.2% GDP growth in FY24, says Deloitte")
Maldivian tour operators panic as Indians cancel flight bookings
The Maldivian Association of Travel Agents and Tour Operators (MATATO) has stressed that the Indian market is important to the success of the tourism sector in the Maldives
 "Maldivian tour operators panic as Indians cancel flight bookings")
Ayodhya & India's new tryst with destiny
UP's economic rise will be, in part, driven by religious tourism, and that is a welcome development
 "Ayodhya & India's new tryst with destiny")
Twelve of 31 states, UTs project debt more than 35% of GSDP at FY24 end
It is not that only the poor states such as Bihar have high debt in proportion to their GSDP
 "Twelve of 31 states, UTs project debt more than 35% of GSDP at FY24 end")
79% employers looking to sustain or increase their workforce in H2FY24
Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country
 "79% employers looking to sustain or increase their workforce in H2FY24")
Manufacturing sector lags despite over 13% growth in GVA in Q2FY24
Though this was higher than 12.9% in the first quarter, it was nowhere close to 25% that the Modi government wants it to be
 "Manufacturing sector lags despite over 13% growth in GVA in Q2FY24")
RBI monetary policy: 5 key announcements from the governor's speech today
RBI monetary policy: Central bank raised the UPI payment limits for hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction
 "RBI monetary policy: 5 key announcements from the governor's speech today")
AI firm BRAIIN Holdings forays into India, plans to invest $100 million
Through several synergistic acquisitions, the company's market capitalization increased from $215 million to $572 million over the past six months
 "AI firm BRAIIN Holdings forays into India, plans to invest $100 million")
What does it take to decarbonise India's industrial base?
Decarbonising India's industrial juggernauts is not a distant dream anymore
 "What does it take to decarbonise India's industrial base?")
To be a developed country by 2047, India needs to focus on 5 areas
Moving up from 6% to 8% growth is possible but the country needs to reset its priorities for that, writes Amarjeet Sinha
 "To be a developed country by 2047, India needs to focus on 5 areas")
RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
 "RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements")
India's fiscal deficit rises to Rs 6.42 trillion, 36% of FY24 target
In the same period in FY23, the deficit was 32.6 per cent of the full-year target
 "India's fiscal deficit rises to Rs 6.42 trillion, 36% of FY24 target")
Recurring criticism of GDP methodology: Here's what experts have to say
Business Standard interviewed former Chief Statisticians Pronab Sen and T C A Anant and former Acting Chairman of National Statistical Commission P C Mohanan, to seek their views
 "Recurring criticism of GDP methodology: Here's what experts have to say")
Savings puzzle: Does the fall in financial savings show household distress?
The finance ministry thinks otherwise
 "Savings puzzle: Does the fall in financial savings show household distress?")
Savings declined but resulted in rise in assets: SBI chief economist
Recovery in real estate, rise in property prices attracted savings
 "Savings declined but resulted in rise in assets: SBI chief economist")
India's domestic mineral production records 7.6% YoY growth in June
The Ministry of Mines on Thursday said that domestic mineral production grew 7.6 per cent year-on-year in June
 "India's domestic mineral production records 7.6% YoY growth in June")
New Industrial Policy 2023 - crystal ball gazing
The Industrial Policy 2023, which is in the works, is likely to focus on new industries, carbon neutrality, and endeavour to make India a major manufacturing hub
 "New Industrial Policy 2023 - crystal ball gazing")
India's current account deficit narrows to 0.2% of GDP in Q4 FY23
Net services receipts increased, both sequentially and on a year-on-year (YoY) basis, on the back of a rise in net earnings from computer services
 "India's current account deficit narrows to 0.2% of GDP in Q4 FY23")
