Business Standard

Thursday, December 19, 2024 | 10:30 PM ISTEN Hindi

Notification Icon
userprofile IconSearch
What is Gross Domestic Product (GDP)

Gross Domestic Product (GDP)

About Gross Domestic Product (GDP)

What is Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within the country during a specified period of time, normally a year. In simple terms, GDP is the measure of the country's economic output in a year. In India, contributions to GDP are mainly divided into three broad sectors — agriculture, industry, and services. GDP is measured over market prices and there is a base year for the computation. The GDP growth rate measures how fast the economy is growing. It does this by comparing the country's gross domestic product in one quarter with that
...
Read More

Latest Updates on Gross Domestic Product (GDP)

Kerala, UP lag as GSDP of 19 states exceed pre-Covid levels in FY22: Report

The economies of 19 states and UTs in FY22 exceeded their pre-coronavirus levels, as they recorded double-digit growth in the last fiscal year

Image
Updated On : 22 Aug 2022 | 10:05 AM IST

Morgan Stanley cuts India's FY23 GDP forecast to 7.2%

It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions

Image
Updated On : 18 Jul 2022 | 11:35 PM IST

Risk of US recession now higher and more front-loaded, warns Goldman

The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year

Image
Updated On : 21 Jun 2022 | 10:32 AM IST

Companies in clover, but there's something in the economy that's amiss

Today, far too many people earn far too little to support consumption growth of the kind the economy needs, notes T N Ninan

Image
Updated On : 21 Jun 2022 | 4:23 PM IST

IMF may lower India's GDP growth projection for 2022 to below 8.2%

The IMF had cut India's gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April

Image
Updated On : 01 Jun 2022 | 1:17 AM IST

India's GDP grows 4.1% in Q4; expands 8.7% in FY22: Govt data

Manufacturing sector contracts in March quarter due to supply disruptions

Image
Updated On : 31 May 2022 | 11:59 PM IST

RBI revises inflation and growth forecasts; holds policy rates

In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent

Image
Updated On : 08 Apr 2022 | 11:52 AM IST

Optimistic scenario: Can growth take care of all the economy's problems?

If the government thinks growth is the solution, can it be delivered in a slowing world with rising rates - within the domestic context of slower growth even before the pandemic, asks T N Ninan

Image
Updated On : 04 Feb 2022 | 7:56 PM IST

LIVE: This Budget brings more infra, more growth and more jobs, says PM

Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights

Image
Updated On : 01 Feb 2022 | 8:37 PM IST

Economic Survey 2022 Highlights: Geopolitical risks bubbling up, says PEA

Economic Survey 2022 Highlights: India's FY22 GDP growth is seen at 9.2 per cent and GDP growth for 2023 is projected at 8 per cent to 8.5 per cent, according to reports

Image
Updated On : 31 Jan 2022 | 4:49 PM IST

Economic Survey forecasts 8%-8.5% GDP growth for FY23 ahead of Budget

Govt finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21, says Eco Survey

Image
Updated On : 31 Jan 2022 | 2:29 PM IST

India's GDP may grow 9.2% in FY22: First advance estimates

Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year

Image
Updated On : 07 Jan 2022 | 6:02 PM IST

Markets on longest winning streak in 10 months, rise seventh day on trot

Gain for 7th day; shrug off worries about rising yields, oil prices

Image
Updated On : 19 Oct 2021 | 1:09 AM IST

RBI keeps rates on hold to support recovery, 'sail towards normal times'

Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%

Image
Updated On : 08 Oct 2021 | 12:25 PM IST

The ultimate scarcity: Overall consumption has stagnated over four years

Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan

Image
Updated On : 03 Sep 2021 | 10:32 PM IST

RBI must sacrifice inflation aim to aid growth: Ex-Guv Rangarajan

India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said

Image
Updated On : 16 Jul 2021 | 7:14 AM IST

30 years after 1991: What we achieved as an economy, and what was possible

India's record has been good, relative to how other countries have done and compared also to its own previous three decades, but well short of what is required and what was possible, writes T N Ninan

Image
Updated On : 18 Jun 2021 | 10:52 PM IST

Forex has helped avert a currency run, but continuous inflow has its risks

At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks

Image
Updated On : 18 Jun 2021 | 9:31 AM IST

Moody's Investors Service pegs India's GDP growth at 9.3% in FY22

The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23

Image
Updated On : 01 Jun 2021 | 11:58 AM IST

SBI revises downwards India's FY22 economic growth forecast to 7.9%

As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India has lowered India's growth outlook for the current financial year

Image
Updated On : 01 Jun 2021 | 11:58 AM IST