The RBI has raised India’s GDP growth forecast from 7 per cent to 7.2 per cent for the current financial year (2024-25), expecting the economy to continue on a high growth trajectory.
Tag: GDPgrowth
Outlook for Indian economy bright, 7% growth likely in 2024-25: RBI
The outlook for the Indian economy remains bright with the GDP growth likely to be at 7 percent in 2024-25, the Reserve Bank of India (RBI) said in its annual report released on Thursday, May 30.
Goldman Sachs ups India’s GDP growth forecast
Goldman Sachs has revised its forecast for India’s GDP growth by 10 basis points to 6.7 per cent as it expects the government’s heavy investments in big-ticket infrastructure projects to continue with the huge dividend coming in from the RBI.
Justice Markandey Katju: Modi’s economic policies
Much has already been said and written about Indian Prime Minister Narendra Modi’s policy of religious polarisation of Indian society, inciting and spreading of hatred against the Muslim minority, and ‘saffronisation’ of the Indian state and educational institutions, all with the aim of getting Hindu votes. So one need not labour any more on it.
World Bank raises India’s GDP growth forecast to 7.5 pc for 2023-24
The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. The World Bank raised India’s economic growth forecast by 1.2 percentage points to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.
Morgan Stanley raises India’s GDP growth estimate to 6.8% for 2025
Global brokerage Morgan Stanley has raised India’s GDP growth expectation to 6.8 per cent in 2025 from 6.5 per cent on continued traction in industrial and capex activity. “We raise GDP growth to 6.8 per cent YoY in F2025, a rise of 30bps from our earlier estimate of 6.5 per cent, on continued traction in industrial and capex activity. On CY basis, we expect growth at 6.8 per cent YoY for 2024, from 6.4 per cent earlier”, it said.
India’s Q3 GDP growth surges to 8.4%, annual rate revised upward to 7.6%
India’s economy sprang a surprise with an 8.4 per cent surge in GDP growth during the third quarter (October-December), as a result of which the country’s economic growth rate for the financial year 2023-24 is now estimated at a robust 7.6 per cent, figures released by the National Statistics Office on Thursday showed.
Understanding America and India, 50 Years Apart
Vinita Gupta- Vinita Gupta is a Silicon Valley Entrepreneur and was the first Indian-American woman to take her company public. Since retiring, she has propelled herself through her journalism, mentoring women entrepreneurs and playing competitive bridge at the highest levels. She has won several National titles in bridge. Cultures run deep… Living in the United […]
Ratings agencies cheer India’s GDP surge buoyed by infra push, strong DPI
India has emerged as the world’s fastest growing economy amidst a worldwide economic slowdown and continues to be a bright spot going ahead with the IMF upgrading its growth forecast for the country twice this year. India’s GDP grew at an impressive 7.6% in the July-September quarter of the current financial year despite a slowdown in agriculture as the robust performance of the manufacturing sector and high government expenditure on big ticket infrastructure projects kept up the growth momentum.
Justice Markandey Katju: The truth behind India’s explosive GDP growth
Justice Markandey Katju writes: The claim ‘India poised to surpass Japan as the world’s third largest economy by 2030’ is laughable, and reminds one of the Nazi Propaganda Minister, Dr Goebbels, who kept saying that Germany was winning World War 2 when everyone could see it was losing, or General Westmoreland, the American commander in Vietnam, who said ‘There is light at the end of the tunnel’ when there was none.