India GDP

While markets eye both economic and political issues, in the medium-to-long term, analysts believe election results do not matter much

Growth in services and manufacturing and private investment rebound likely to have helped economy in Q4

Sector contracted in FY23 compared to FY19 and marginally grew over pre-Covid FY19

According to data available with the Ministry of Statistics and Programme Implementation (MoSPI), Uttar Pradesh, under the leadership of CM Yogi Adityanath, expects to be the top performer

CRISIL said that the risks to inflation are 'tilted upward' due to the predictions of El Nino over the next couple of months

The additional spending demands are led by fertiliser subsidy, defence pensions, allocation for Universal Service Obligation Fund (USOF) and GST compensation to states and UTs

Chief Economic Advisor V Anantha Nageswaran on Thursday expressed hope that the GDP growth for the current financial year will exceed the projected 7 per cent in view of the expected revision of high frequency data. On Tuesday, the second advance estimate released by the National Statistical Office (NSO) maintained the growth projection of 7 per cent as was projected in the first advance estimate which was released in January. "Given the high frequency indicators and the pace at which they are recovering, I do believe that the current year's (GDP numbers)... are more likely to (be) revised upward than downward," he said here. Real GDP or GDP at Constant (2011-12) Prices in the year 2022-23 is estimated at Rs 159.71 lakh crore as against the first revised estimate of GDP for the year 2021-22 of Rs 149.26 lakh crore. The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 9.1 per cent in 2021-22, the NSO had said. The growth slowed to 4.4 per cent in the ...

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Manufacturing output shrinks for second straight quarter

FY23 quarterly, annual estimates may be revised on Tuesday

Acuite Ratings in a report maintaining the trade deficit at $106 billion or 3.1 per cent of gross domestic product (GDP) for FY23

The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short

States may have got more through tax transfer, but the composition of the PSU capital outlay causes concern

We are at 57 per cent of GDP for the central government, we have to see that every year we nibble away may be a percentage point, said Ajay Seth, Economic Affairs Secretary

Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs

At the same time, out-of-pocket expenditure as a percentage of total health expenditure has declined from 64.2 per cent in FY14 to 48.2 per cent in FY19

The average variation in value added is 1.5 percentage points between the first and last estimates

Manufacturing sector contributes 15% to India's GDP and hence the expectation of experts are high from the government

The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade

The government expects nominal growth of 15.4% for the current fiscal year that ends on March 31