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India GDP News

31 May 2023

India's GDP Grows By 6.1% In January-March Quarter, 7.2% In FY 23

India's GDP growth was 4.1 per cent in the fourth quarter of 2021-22 (FY22). According to the government data, the growth in real GDP during 2022-23 is estimated at 7.2 per cent as compared to 9.1 per cent in 2021-22.

26 May 2023

India Set To See Exponential Growth In Coming Years: WEF President

India, which currently holds the G20 presidency, is one of the fastest growing key economies in the world and WEF has had close collaborations with the country for the past many years.

09 May 2023

Fitch Affirms India's Sovereign Rating On Robust Growth Outlook

The agency has kept kept India's credit rating unchanged at 'BBB-' -- the lowest investment grade rating -- since August 2006.

12 Apr 2023

IMF Reposes Faith In Indian Economy But Lowers Growth Projection

IMF on Tuesday lowered its growth projection for 2023-24 to 5.9 per cent from 6.1 per cent earlier but despite a significant drop, India continues to be the fastest-growing economy in the world, the World Economic Outlook figures revealed.

04 Apr 2023

World Bank Cuts India's Growth Forecast To 6.3% In Fy24

Growth is likely to be constrained by slower consumption growth and challenging external conditions, the World Bank said in its India Development Update.

Moody's Investors Service

01 Mar 2023

Moody's Ups India's Growth Projection For 2023 To 5.5% On Higher Capex Budget

In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022.

Economic Survey 2023

31 Jan 2023

Economic Survey 2023: ‘India Set to Emerge a Global Superpower’ says Amit Shah

India is set to emerge as a global superpower, says Amit Shah India to witness GDP growth of 6.0 percent to 6.8 percent in 2023-24 The economy is expected to grow at 7 percent for the year ending March 2023

30 Nov 2022

India registers 6.3% slow GDP growth for Q2: Govt data

India’s Q2 Gross Domestic Product (GDP) for the July-September period of the current financial year is 6.3%. GDP is derived as the sum of the gross value added (GVA) at basic prices, plus all taxes on products, less all subsidies on products. The government will release quarterly GDP estimates for the quarter October-December, 2022 (Q3 2022-23) on February 28, 2023.

28 Nov 2022

S&P cuts India's growth forecast to 7% for FY23

S&P had in September projected the Indian economy to grow 7.3 per cent in 2022-23 and 6.5 per cent in next fiscal year (2023-24).

17 Oct 2022

`We want to see India become an economy of over 30 trillion dollars by 2047`

Piyush Goyal was inaugurating stalls of the Union government schemes as part of the public outreach at the Madipakkam bus stand in Chennai.

12 Oct 2022

Indian economy's growth momentum will be sustained in next budget: FM

The IMF`s latest projection, released on Tuesday, India`s GDP growth is projected lower than the 7 per cent growth pegged by the Reserve Bank of India (RBI) for the financial year 2022-23. However, despite the slowdown, India would remain the fastest-growing major economy.

03 Sep 2022

India set to become 3rd largest economy by 2029: SBI Report

India would surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth, SBI report. Interestingly, India surpassed the UK as the 5th largest economy in December 2021. The share of India's GDP is now at 3.5 per cent, as against 2.6 per cent in 2014.

24 Aug 2022

India's Q1 GDP growth expected at 15.7%

Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, on Tuesday said he expects the GDP to clip past 15.7 per cent in the first quarter with more chances of the final numbers printing in higher, while Aditi Nayar, the chief economist at the rating agency Icra, said the economy will grow much lower at 13 per cent in the June quarter.

14 Jun 2022

WPI inflation spikes to record 15.88% in May on costlier food items, crude oil

The WPI inflation has remained in double digit for the 14th consecutive month since April last year and has been in the upper trajectory for three straight months.

31 May 2022

India's GDP grows 4.1% in January-March quarter; 8.7% in FY22

However, growth in the January-March period was slower than the 5.4 per cent expansion in the previous October-December quarter of 2021-22.

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.

26 Mar 2022

India at 8% growth can double economy in 7-8 years, says NITI VC

India is already a USD 2.7 trillion economy and it just needs to double it, he said. "We must recognise the fact that India is the only country which will have to achieve this growth (8 per cent) while fully taking care of the environment," he said.

17 Mar 2022

Moody's cuts 2022 India growth estimate to 9.1% on lower capex

Moody's said high fuel and fertilizer import bill could limit the government's capital expenditure. It said Russia is the only G-20 economy that will contract this year. Moody's forecast that Russia's economy will shrink 7 per cent in 2022.

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.

09 Nov 2021

India's FY22 GDP expected to grow at 10-10.5%: Brickwork Ratings

According to the ratings agency, Q2FY22 GDP is expected to grow at 8.3 per cent year-on-year on the back of a faster-than-expected revival in economic activities as well as a decline in new Covid cases, leading to sustained improvement in growth prospects.

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