GDP
- India
List of happiest countries in the world: Know where India stands
India, which ranks fifth in the list of countries by Gross Domestic Product (GDP), lags far behind on the list of the world’s happiest nations. According to the World Happiness Report, Finland…
- Business
India could be world’s 3rd largest economy by 2027 with nominal GDP of $5tn
New Delhi: India’s importance as a global growth driver will increase with its share of world growth contribution rising from 10 percent in 2021 to 15 percent in 2022, and further to…
- World
Bank of England follows US Fed Reserve in pausing interest rate hike
London: The Bank of England (BoE) on Thursday left its key interest rate untouched at 5.25 percent, a day after the US Federal Reserve took the step to pause further hikes as…
- World
Australian tax system not fit for aging population: Experts
Canberra: Australia’s tax system is inadequate to properly fund government responsibilities, experts warned on Friday. In a speech to Canberra-based think tank the Australia Institute’s Revenue Summit at Parliament House on Friday,…
- India
India to become 2nd largest economy in Asia by 2030: S&P Global
New Delhi: India, the world’s fifth largest economy in the world, is likely to overtake Japan to become the world’s third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P…
- India
World Bank pegs India’s GDP growth at 6.3 pc as global headwinds emerge
New Delhi: The World Bank has forecast India’s GDP growth for 2023-24 to be at 6.3 per cent as global headwinds are emerging as a drag. The expected moderation (from 7.2 per…
- Middle East
Saudi Arabia’s economy joins trillion-dollar club: Report
Riyadh: Saudi Arabia’s gross domestic product (GDP) has exceeded the ceiling of SAR 4.155 trillion (USD 1 trillion) for the first time, with the Kingdom joining the trillion-dollar club and achieving the…
- Business
GST revenues grow 11 pc to about Rs 1.6 lakh crore in August: Revenue secretary
New Delhi: The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on…
- India
GDP numbers overstated due to price deflators: Congress
New Delhi: Congress on Friday hit back at the government after it claimed that India’s economic growth stood at 7.8 percent in the first quarter of the current fiscal saying numbers are…
- India
India’s GDP growth towers over several economies, says chief economic adviser
New Delhi: Even as the GDP growth for the first quarter of current fiscal stood at 7.8 per cent, a sharp fall from the corresponding period of last year, when it was…
- Business
Moody’s affirms India’s Baa3 rating; says GDP growth to support income level rise
New Delhi: Moody’s on Friday affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to…