Gva Growth

Farm GVA recovers in Q2FY25 due to strong monsoon, shows govt data

Lays foundation for even better performance in coming quarters, opine experts

Statsguru: Formal manufacturing share falls, wage growth lags productivity

ASI and Annual Survey of Unincorporated Enterprises show that the combined share of manufacturing GVA in GDP stands at less than 10 per cent

GDP or GVA: Take your pick for methodology to compute growth numbers

The raging debate may boil down to what you are looking for

GDP growth in FY24 likely to be within striking distance of 8%: SBI report

The GDP growth for the current financial year could be within striking distance of 8 per cent, a study by the State Bank of India (SBI) said on Friday, a day after India posted an 8.4 per cent growth in the December quarter, and revised upwards the estimates for the preceding two quarters. "The third quarter GDP numbers jolted the psyche and cognitive framework of most in markets, while sweeping some by a pleasant surprise. Clearly, right policy prisms and perspectives can trump irrational expectations bordering fault lines," SBI said in its research report 'Ecowrap'. It noted that defying all estimates, the economy grew 8.4 per cent in the third quarter of 2023-24 after exhibiting more than 8 per cent growth in the preceding two quarters. The buoyancy in indirect tax mop-up (32 per cent year-on-year growth), gap between Gross Domestic Product (GDP) and Gross Value Added (GVA) growth widened. "For fiscal 2023-24 GDP growth is expected to increase 7.6 per cent and GVA growth by 6.9

GenAI likely to add $66-80 billion to financial services GVA by 2030

Around 78 per cent of the respondents surveyed said that they had either implemented GenAI in at least one use case or had plans to pilot it over the next 12 months

Share of food processing in GVA needs to be raised to 7.2%: Report

This is because increasing agricultural output without investing in processing facilities can harm farmers' earnings and cause rural distress

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

Economy likely to expand by around RBI's projection of 8% in Q1, FY24

Various analysts that Business Standard spoke to put GDP growth in the range of 7 to 8.5 per cent for Q1 of FY24

Non-crop sector pulls the farm sector gross value added in Q2 of FY23

Absence of updated numbers raises some questions on non-crop estimates

Union Budget: Understanding the GDP, GVA and the difference between the two

While GDP measures the total value of products and services a country manufactures or delivers, GVA measures the value added to product in order to enhance their worth

Q1 GDP growth misses estimates despite low base; govt spending subdued

13.5% expansion in June QTR despite low base; GVA at basic prices up 12.7%

Maharashtra lockdown to dent FY22 GVA growth by 0.32%: CARE Ratings

With FY22 starting on a somber note and sporadic lockdowns in Maharashtra and some other states, CARE Ratings believes the overall production and consumption would be affected

MPC to maintain accommodative stance at least in the next two reviews

The disconcertingly sharp new wave of Covid-19 cases has reignited uncertainty regarding the economic outlook in the immediate term

Economy since 2009: Fact and Fiction?

While many contemporary economists seem to have lost interest in economic history altogether, those born before 1980 have turned most unbecomingly partisan

Manufacturing GVA rises in Q2; still a long way to go for turnaround

Experts said this did not indicate that there was a turnaround in manufacturing, as it continued to contract in volume terms

Manufacturing share in India's GVA down to 15.1% in FY20: Exim Bank study

Recent performance of the sector points to underlying inertia, which has translated into greater dependence on imports to meet growing domestic demand

Slowdown blues: Services sector only bright spot for GVA growth rate

For the 'electricity, gas, water supply and other utility services' sector, GVA grew by 3.6 per cent against 8.7 per cent

NCAER sees GDP growth at 6.2% on flat agriculture gross value added

The IMF projected the growth rate at 7% for FY20, while the World Bank saw it at 7.5%

India's gross value added in allied activities, agriculture surges to 5.3%

Growth in livestock, forestry and fishing also seems to have played a big role in pushing the growth in the first quarter of 2018-19

Share of wages in GVA rises to 12-year high of 12.3% in 2015-16: ASI data

This rise in the wage share, in the face of limited employment growth, implies that wages per worker are rising