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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The Reserve Bank of India (RBI) on Wednesday raised the policy repo rate by 35 basis points (bps) to 6.25%, downshifting gears from consecutive increases of 50 bps, and scaled down GDP growth hopes for the year to 6.8% from 7%, even as Governor Shaktikanta Das exuded confidence about the economy being resilient and asserted […]
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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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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 […]
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“Growth forecast has been downgraded from the 7.4% estimate in previous survey round (April 2022) owing to geopolitical uncertainty and its repercussions for the Indian economy,” FICCI said “Growth forecast has been downgraded from the 7.4% estimate in previous survey round (April 2022) owing to geopolitical uncertainty and its repercussions for the Indian economy,” FICCI […]
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