GDP
- Business
GDP growth, relative to pre-Covid levels, to double to 8.0% in Q2 FY2023: ICRA
Mumbai: The gross domestic product (GDP) is expected to grow double to 8 per cent in Q2FY23, from 3.8 per cent in Q1FY23, according to the ICRA estimates. “We project the GDP…
- Business
Finance Minister calls for training of tax personnel for better tech usage
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday lauded the efforts of the Central Board of Indirect Tax and Customs (CBIC) and underlined the need for training personnel for better utilisation of…
- India
Yogi Adityanath inspects progress of Jewar airport
New Delhi: The Uttar Pradesh chief minister recently inspected the progress of the ambitious Jewar airport project which is likely to start operations by the end of 2024. During his recent visit…
- Business
Is 7.5% possible? Downside risks increasing for India’s GDP growth forecast
New Delhi: India’s double-digit annualised growth is impressive prima facie, but the actual print is around 2 per cent lower than market expectations and is also accompanied by weak sequential momentum, Acuite…
- News
India set to become 3rd largest economy by 2029
Mumbai: India is expected to become world’s third largest economy by 2029 due to the path taken by the country since 2014, SBI Ecowrap report said. The share of India’s GDP is…
- India
Moody’s slashes India’s economic growth forecast to 7.7% for 2022
New Delhi: Moody’s Investors Service on Thursday slashed India’s economic growth projection for 2022 to 7.7 per cent, citing dampening of economic momentum in coming quarters on rising interest rates, uneven monsoon,…
- Business
India’s Q1 GDP logs 13.5% growth, experts say lower than expected (Lead)
New Delhi/Chennai: India’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter…
- India
GDP grows at 13.5 pc in April-June quarter
New Delhi: India’s economy grew by 13.5 per cent in the first quarter of the current fiscal, mainly due to the base effect, official data showed on Wednesday. The gross domestic product…
- Middle East
Saudi Arabia’s GDP grows 11.8% in Q2 of 2022
Riyadh: The real Gross Domestic Product (GDP) of Saudi Arabia increased by 11.8 per cent during the second quarter of 2022, compared to the second quarter of 2021. On Sunday, the Saudi…
- World
US GDP falls for second-straight quarter, signs of a possible recession
Washington: US Gross Domestic Product contracted by 0.9 per cent in the second quarter of this year after a first-quarter drop of 1.6 per cent, the US Commerce Department said Thursday in…
- Middle East
Will Dubai be amongst the 10 leading Metaverse economies globally?
New Delhi: The Dubai Metaverse Strategy was launched with the goal of making Dubai one of the top ten metaverse economies and a global hub for the metaverse community. His Majesty Sheikh…
- Business
ADB cuts India GDP forecast for FY23 to 7.2 pc on Covid
New Delhi: Asian Development Bank (ADB) on Thursday trimmed India’s economic growth forecast for current fiscal year to 7.2 percent from 7.5 percent as pandemic and war impact is weighing down alongside…
- Stock Market
Small-cap indices witness sharp correction from the highs of Oct’21
New Delhi: Small-cap indices have corrected sharply from the highs of October 2021. While the Nifty-50 declined 15 percent from its October 2021 peak against a 20 percent decline in midcaps and…
- India
Centre’s fiscal deficit at 12.3 pc of full year target in May: Official data
New Delhi: The central government’s fiscal deficit at the end of May stood at 12.3 per cent of the annual budget target for 2022-23, mainly due to higher expenditure, according to official…
- India
Bad global affairs can lead to $100 bn in capital outflows from India: RBI report
Over the last eight months, Indian financial markets, particularly equities, have seen significant foreign investment outflows due to higher US interest rates and a surge in global commodity prices caused by the…
