Focus on jobs is a key takeaway from the Economic Survey; another highlight is the conservative approach to growth expectations.A Measured Advice from the SurveyDharmakirti Joshi, Chief Economist, CRISILThe Economic Survey’s expectation of GDP growth decelerating to 6.5-7% in fiscal 2025 is based on the right reasons. The forecast is in alignment with CRISIL’s own …
The Indian economy is expected to achieve “higher” than 7% growth in 2024-25, the National Council of Applied Economic Research (NCAER) on Monday said pointing at strong high-frequency indicators, an above normal monsoon forecast and a benign global outlook. NCAER’s outlook is a bit more optimistic than the 7% real gross domestic product (GDP) growth …
Nifty 50 vs GDP of India: The key benchmark indices of the Indian stock market surged to a new high after India’s Q3 GDP growth saw an impressive growth rate of 8.4% driven by robust manufacturing, highlighting the inherent strength and potential of our economy. However, the domestic equities got some support from the US …
Banks, capital goods, and oil and gas stocks catapulted the Nifty index to a record high of 22,353.30 points, and the Sensex to 73,819.21 on Friday. This was driven by provisional domestic institutional investors buying of ₹3,814.53 crore and proprietary trader purchases of ₹618.58 crore, BSE data show. Foreign portfolio investors purchased shares worth a …
Making a flurry of revisions in the economy’s growth estimates, the National Statistical Office (NSO) on Thursday raised India’s real GDP growth esimate for this year to 7.6% from the 7.3% projected last month. It also scaled down its 7.2% growth estimate for 2022-23 to 7%, and raised its 2021-22 estimate from 9.1% to 9.7%. …
The GDP growth in the third quarter ended December 2023 (Q3 FY2024), the official data of which is set to be released on Thursday, February 29, is likely to moderate to 6 per cent year-on-year (y-o-y), against 7.6 per cent in Q2 FY2024, according to a report by rating agency ICRA. Further, the GVA growth …
While maintaining the stance of “withdrawal of accommodation”, RBI Governor Shaktikanta Das highlighted that stance should be seen in the context of “incomplete transmission and inflation ruling above the target of 4% and our efforts to bring it back to the target on a durable basis.” The RBI governor reiterated its commitment to remain vigilant …
The Union budget on 1 February may assume a nominal economic growth rate of about 11.5% and a fiscal deficit target of about 5.3%, a person with knowledge of discussions in the government said, as the Centre aims to leverage the budget to meet its fiscal consolidation goal over the next two years. The 11.5% …
The global recession is unlikely to happen as the inherent resilience of individual economies has withstood the pressures much better, said RBI Governor Shaktikanta Das on Thursday. He said after COVID-19, the Ukraine war, and the spike in inflation, there was widespread apprehension that the world economy may plunge into recession. “That has not happened. …
India’s economy is expected to comfortably surpass the government’s growth estimate of 6.5 per cent in FY24, the Finance Ministry said in its half-yearly economic review report, released on December 29. The Finance Ministry said the momentum the Indian economy gained in the second quarter of FY24 is likely to be sustained in the following …