Page 9 - India Gdp

GDP growth may exceed 7% this fiscal, says CEA V Anantha Nageswaran

Chief Economic Advisor V Anantha Nageswaran on Thursday expressed hope that the GDP growth for the current financial year will exceed the projected 7 per cent in view of the expected revision of high frequency data. On Tuesday, the second advance estimate released by the National Statistical Office (NSO) maintained the growth projection of 7 per cent as was projected in the first advance estimate which was released in January. "Given the high frequency indicators and the pace at which they are recovering, I do believe that the current year's (GDP numbers)... are more likely to (be) revised upward than downward," he said here. Real GDP or GDP at Constant (2011-12) Prices in the year 2022-23 is estimated at Rs 159.71 lakh crore as against the first revised estimate of GDP for the year 2021-22 of Rs 149.26 lakh crore. The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 9.1 per cent in 2021-22, the NSO had said. The growth slowed to 4.4 per cent in the ...

How will the markets read into the state election outcome in 2023?

While markets eye both economic and political issues, in the medium-to-long term, analysts believe election results do not matter much

TMS Ep379: GDP slowdown, fake websites, textile stocks, Jan Vishwas Bill

What's behind the GDP slowdown in Q3? How big is the fake website problem? Will softening cotton prices firm up textile stocks? What is the Jan Vishwas Bill? All answers here

India's GDP growth slows to 4.4% in Q3; manufacturing woes remain

Manufacturing output shrinks for second straight quarter

GDP growth rate seen below 5% in December quarter on a normalising base

FY23 quarterly, annual estimates may be revised on Tuesday

Moderation in India's trade deficit could be transitory: Acuite Ratings

Acuite Ratings in a report maintaining the trade deficit at $106 billion or 3.1 per cent of gross domestic product (GDP) for FY23

Growth, Budget and macro balances

The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short

Signs of a weakening public sector

States may have got more through tax transfer, but the composition of the PSU capital outlay causes concern

Call on FY24 green bond, H2 borrowing to be taken together: Ajay Seth

We are at 57 per cent of GDP for the central government, we have to see that every year we nibble away may be a percentage point, said Ajay Seth, Economic Affairs Secretary

Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023

Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs

Govt health spend must hit 2.5% of GDP by 2025, says Economic Survey

At the same time, out-of-pocket expenditure as a percentage of total health expenditure has declined from 64.2 per cent in FY14 to 48.2 per cent in FY19

Indian economy expected to grow 7%: How GDP forecasts changed in 3 years

The average variation in value added is 1.5 percentage points between the first and last estimates

Budget 2023-24: Manufacturing sector eyes revised taxations, new PLIs

Manufacturing sector contributes 15% to India's GDP and hence the expectation of experts are high from the government

Building resilience for the long game

The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade

India may peg nominal GDP growth at about 11% in upcoming Budget: Sources

The government expects nominal growth of 15.4% for the current fiscal year that ends on March 31

Statsguru: States' finances are improving, debt likely to shoot up

When the Union government announced Budget for 2022-23, it had projected revenue to be 8.5% of GDP. A Business Standard analysis of latest report on state finances showed that states are catching up

Nomura sees 75 basis point rate cuts in 2023 as GDP slows in India

India's growth is "likely to disappoint at 4.5% in 2023 due to global spillovers, prompting 75 basis point of rate cuts in second half of 2023," Nomura economists led by Sonal Varma wrote

This Budget's focus should be on expenditure, not taxation: Pronab Sen

Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now

India set to post BoP deficit for 2nd straight yr: Standard Chartered Bank

The foreign bank expects current account balance to slip into a deficit of 3% of gross domestic product this financial year from a surplus of 0.9% last year

Budget primer: Understanding govt expenditure and its various types

Its importance is seen in its ability to hugely influence the nation's economy, as it reflects aggregate demand in addition to household consumption, business investment, and net exports