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Gross domestic product News
Indian economy
15 Nov 2024
Indian Economy To Touch $7 Trillion Mark By 2031: Report
Inflation based on the Consumer Price Index (CPI) is likely to ease to 4.5 per cent on average in 2024-25 from 5.4 per cent in the previous year.
Gross domestic product
08 Nov 2024
Government Changes Timing Of Revealing GDP Data --Check New Timings
MoSPI has decided to revise the release time for the Press releases of GDP estimates from 5.30 PM to 4.00 PM.
Sensex
07 Jun 2024
Sensex Hits All-Time High, Nifty Up 2% As PM Modi Takes Oath
In the broader market, the BSE SmallCap rose by 2.16 per cent, while the BSE MidCap climbed by 1.20 per cent.
Indian economy
28 Mar 2024
Indian Economy Can Grow At 8% Till 2047, Says Subramanian
The growth rate in October-December helped take the estimate for the current fiscal to 7.6 percent.
Fiscal deficit
29 Feb 2024
Fiscal Deficit At Jan-End Touches 63.6% Of Full-Year Target: Govt Data
This comprised Rs 18.8 lakh crore of tax revenue (net), Rs 3.38 lakh crore of non-tax revenue, and Rs 34,219 crore of non-debt capital receipts.
India GDP
30 Nov 2023
India's Q2 GDP Data Released Today; Growth At 7.6% In Second Half Of FY24
The Indian economy is recognized as a positive standout on the global stage, demonstrating robust performance in the initial half of FY24, marked by a significant 7.8 percent year-on-year growth in GDP during Q1FY24.
GST
02 Oct 2023
GST Collection Rises 10% To Over Rs 1.62 Lakh Crore In September
The revenue in September 2023 was 10 percent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement.
India GDP
31 Aug 2023
India's GDP Growth Stands At 7.8% For First Quarter Of 2023-24
However, compared to the 6.1 percent growth recorded in the January-March period of 2022-23, the GDP growth for the first quarter of 2023-24 was higher at 7.8 percent.
Fitch Ratings
22 Jun 2023
Fitch Hikes India's GDP Forecast To 6.3% For Current Fiscal
Fitch further said that GDP growth in January-March was higher than expected, saying there has been a recovery in manufacturing after two consecutive quarterly contractions, a boost from construction, and an increase in farm output.
Reserve Bank of India
27 May 2022
RBI releases Annual Report 2021-22: Check 6 important points
Structural reforms will be important to deal with the pandemic's after-effects, said RBI. RBI's Monetary Policy Committee had revised downwards real GDP growth for 2022-23 to 7.2 per cent in its April resolution. Supply-side policy interventions could provide some offset.
Gross domestic product
30 Mar 2022
India Ratings cuts GDP growth forecast to 7 per cent for 2022-23
Ind-Ra has created two scenarios with respect to the FY23 economic outlook basis certain assumptions. The government Capex, however, is unlikely to be dented. Retail prices of petrol and diesel were on hold since early-November 2021.
GDP
28 Feb 2022
India's GDP growth slows to 5.4 per cent in Q3
The growth in GDP during 2021-22 is estimated at 8.9 per cent as compared to a contraction of 6.6 per cent in 2020-21. Nominal GDP or GDP at Current Prices in the year 2021-22 is estimated to attain a level of Rs 236.44 lakh crore, as against Rs 198.01 lakh crore in 2020-21.
Crisil
02 Feb 2022
GDP expected to grow 7.8% in FY23: Crisil Report
The agency said global growth is expected to slow this year as major economies see a withdrawal of monetary and fiscal stimulus. The agency expects the nominal growth to come at 12-13 per cent. Crisil said that frontloading infrastructure spending could bring about faster growth.
Indian economy
31 Jan 2022
Indian economy contracts by 6.6% in 2020-21
As per the provisional estimates released in May 2021, the GDP had contracted by 7.3 per cent in 2020-21.
GDP
09 Dec 2021
Indian economy likely to grow 9% next fiscal: Credit Suisse
For FY22, the Swiss brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent. Credit Suisse does not provide absolute growth numbers in its forecast. On the domestic front, the macroeconomic backdrop is supportive too.
GDP
31 Aug 2021
India's GDP grows 20.1% in April-June quarter
The gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21. The government had imposed a nationwide lockdown at the onset of the COVID-19 pandemic last year.
GDP
31 May 2021
Indian economy contracts 7.3%, Q4 GDP grows 1.6%
In the first quarter, the Indian economy contracted 24.4 percent due to COVID-19 forced lockdown, and that heavily affected the manufacturing of essential goods and provision of essential services. With ease in lockdown from June 8, the scenario remained bleak as several service sector industries were shut down.
Oxford Economics
26 Apr 2021
India's 2021 GDP growth forecast to come down to 10.2%: Oxford Economics
The global forecasting firm added it expects GDP to contract sequentially in the second quarter. Oxford Economics said India's health system has collapsed in the worst-hit states, with even the national capital Delhi facing an acute shortage of oxygen and COVID-19 hospital beds. In its last policy review, the RBI had projected a GDP growth rate of 10.5 percent for FY'22.
GDP
28 Feb 2020
India's GDP grows at 4.7 per cent in 2019-20 October-December quarter
India registered an economic growth rate of 4.7 per cent in the October-December quarter (Q3) of financial year 2019-2020, according to the data released by the government on Friday (February 28, 2020). In the second quarter of the 2019-2020 finacial year India's Gross Domestic Product (GDP) growth rate was 5.5 per cent.
Gross domestic product
07 Jan 2020
GDP estimated to grow at 5% in 2019-20: Government data
India's Gross Domestic Product (GDP) is estimated to register a growth of 5 per cent in 2019-20 as against 6.8 per cent in the previous fiscal, according to government data released on Tuesday (January 7).
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