Image for representation purpose only. File | Photo Credit: Getty Images India’s GDP is expected to moderate to 6.3%, as against earlier estimate of 6.6%, due to moderation in consumption in FY24, the World Bank said in a report on Tuesday. Growth is likely to be constrained by slower consumption growth and challenging external conditions, […]
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The Moody’s Corporation headquarters in Manhattan, New York, U.S. | Photo Credit: Reuters Moody’s Analytics on March 7, said India’s domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary. The government data released last week showed India’s gross domestic product […]
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Representational image only. | Photo Credit: Reuters Moody’s Investors Service on November 22 said the trend of gradual fiscal consolidation remains intact for India and going forward the country will see strong revenue performance and debt stablisation. Moody’s Investors Service senior vice-president Christian de Guzman said India’s ‘Baa3’ sovereign rating balances its strength of relatively […]
Continue ReadingInflation continued to hurt consumption demand from households, reflected in the output of consumer durables as well as non-durables contracting sharply by 4.5% and 7.1%, respectively. Inflation continued to hurt consumption demand from households, reflected in the output of consumer durables as well as non-durables contracting sharply by 4.5% and 7.1%, respectively. India’s industrial output […]
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Bibek Debroy said the tax collection of the Centre and states combined is just 15% of GDP, while the demand for government spending on public infrastructure is much higher Bibek Debroy said the tax collection of the Centre and states combined is just 15% of GDP, while the demand for government spending on public infrastructure […]
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The trade deficit has doubled to $28.7 billion for August due to a 36.8% expansion in imports and a 1.2% decline in export earnings. The trade deficit has doubled to $28.7 billion for August due to a 36.8% expansion in imports and a 1.2% decline in export earnings. India’s current account deficit (CAD) will widen […]
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What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures? What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures? The story so far:India’s economy grew at a slower-than-expected 13.5% in the first quarter of […]
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GVA from Agriculture, Forestry and Fishing, the only sector that continued to grow through the pandemic, rose 4.5% in the April to June quarter of this year GVA from Agriculture, Forestry and Fishing, the only sector that continued to grow through the pandemic, rose 4.5% in the April to June quarter of this year India’s […]
Continue Reading“Getting India to Net Zero” report said India achieving net zero by 2070 would boost annual GDP by up to 4.7% by 2036. “Getting India to Net Zero” report said India achieving net zero by 2070 would boost annual GDP by up to 4.7% by 2036. Should India ramp up its ambition to achieve net […]
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The Central government’s fiscal deficit touched 21.2% of the annual target in the June quarter as against 18.2% in the year-earlier period, according to official data. The fiscal deficit is the difference between total expenditure and revenue of the government. It indicates the total borrowing that are needed by the government. In actual terms, the […]
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