Growth in the manufacturing sector quickened to 7.7% in the April-June 2025 quarter, coming on top of a high base of 7.6% in the same quarter of the previous year. File | Photo Credit: Getty Images India’s economic growth rate in the first quarter (April-June) of the current financial year quickened to a five-quarter high of […]
Continue ReadingImage 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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Photo used for representational purpose only. S&P expected the Reserve Bank of India to raise its already high policy rate further following a recent upside surprise to inflation. File | Photo Credit: Sushil Kumar Verma S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6% in the fiscal year starting […]
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The economy grew at 13.2% in the first quarter and 6.3% in the second three-month period. File | Photo Credit: Reuters Pencilling in just 4% GDP growth for the fourth quarter, a rating agency report has said the final growth numbers for the full year will be lower than the second advance estimate of 7%. […]
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Moody’s has revised its 2023 growth projections. Image for representational purpose only. | Photo Credit: Reuters Global rating major Moody’s Investors Service has scaled down its GDP growth forecast for India’s economy to 6.8% for 2022-23, from an earlier projection of 7%. At the same time, it has raised the growth projection for 2023-24 to […]
Continue Reading.JPG "India’s footwear, textile exports vulnerable to global slowdown: Report")
Image for representational purpose only. | Photo Credit: Special Arrangement A slowdown in 2023 in advanced economies, especially the U.S. and the eurozone, is expected to make India’s footwear and leather products export trade vulnerable, said Crisil Ratings. “Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them […]
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In September, Fitch projected 7% growth for the current fiscal, followed by 6.7% in 2023-24 and 7.1% growth in 2024-25. File Fitch Ratings on December 6 retained India’s economic growth forecast at 7% for the current fiscal, but cut projections for the next two financial years saying the country is not impervious to global developments. […]
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Former Finance Minister P. Chidambaram. File | Photo Credit: Karunakaran M. Former Finance Minister P. Chidambaram has panned the government claiming it is living in denial about the internal factors responsible for the economic downslide in the context of the latest Gross Domestic Product (GDP) numbers for the second quarter of this financial year. In […]
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Image for representation purpose only. | Photo Credit: Reuters Manufacturing and mining output contracted year-on-year in the July-September quarter, dragging Gross Value Added growth to a slower-than-expected 5.6%, which together with high inflation and weak exports combined to slow overall Gross Domestic Product (GDP) growth to a 6.3% pace, as per estimates released by the […]
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Nirmala Sitharaman | Photo Credit: PTI India plans to sustain its high growth rate through more government capital spending but will also focus on health and education next year, Finance Minister Nirmala Sitharaman told the Reuters NEXT conference on Wednesday. Ms. Sitharaman was speaking amid consultations for the next Budget, which is expected to be […]
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