Page 2 - Gdp Growth

Union Budget 2023 augments capex without sacrificing fiscal consolidation

The quality of the fiscal deficit is also set to improve in FY24, with capex accounting for a much larger share of the same vis-a-vis FY23

Eco Survey projects FY24 GDP growth at 6-6.8%, sees investments picking up

Commodity prices will raise total import bill and add to unfavourable developments in current account balance, it says

Eco Survey paints a bright medium-term outlook after an unpredictable year

It says once the global shocks of the pandemic and 2022's unpleasant spike in commodity prices fade away, the Indian economy is likely to record a faster growth during the rest of this decade

Three points for the Budget

Of the many things to watch in the Budget, three things-growth, fiscal deficit and stance on trade-will receive special attention from analysts. Getting the tone right will be crucial

The bicycle theory of the 2023 Budget

Lowering the fiscal deficit to sustainable levels will be the biggest challenge for the government, but there are enough reasons for it to keep pedalling hard

China's estimated GDP growth rate out of reach for Beijing: WB report

Amid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank

Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs

The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years

What is in a number?

The system of releasing numerous GDP growth estimates over three years calls for an overhaul. Budget making will also benefit as a result

Experts predict India's emergence as third pole despite GDP growth worries

If any major middle-income country is truly outperforming in the coming decades, it's the world's soon-to-be third largest economy (and its largest democracy), India, Eurasia Group said in a report

India's GDP growth estimates may be revised by one percentage point

The average variation in growth may be as high as a percentage point over the last six years

GDP for FY23 calls for guarded optimism

According to the Advance Estimate released by the statistics and programme implementation ministry, the Indian economy has grown by 7 per cent in FY23

Russia's ongoing war plunges Ukraine's GDP to record 30.4% in 2022

The country's GDP is expected to rise 3.2 per cent this year, according to the government's projection

Singapore's GDP growth slows down to 3.8% in 2022 compared to 7.6% in 2021

In a breakdown, Singapore's manufacturing sector shrank by 3% year on year in the fourth quarter of 2022 and expanded by 2.6% in the whole year

What does 2023 have in store for Indian markets and economy?

Despite uncertainties, India's equity market scaled new highs last year. But how will the markets and the economy behave in 2023? Find out tells you what leading economists and market analysts think

What does 2022 tell us about Indian economy in 2023?

As the year comes to a close, the country has emerged as a bright spot in an otherwise dark global economic horizon. But, does that mean that all was well on the economic front in 2022? Let's find out

Japan upgrades GDP growth forecast to 1.5% for fiscal year 2022-23

The Japanese government on Thursday revised upward its economic growth forecast for fiscal 2023 to a real 1.5 per cent on expectations for increased capital spending and private consumption.

Pakistan's central bank slashes GDP growth forecast to below 3-4%

Pakistan's central bank has lowered its projected GDP growth estimates for the cash-strapped country from the previously announced range of 3-4 per cent for the current fiscal year, citing flood-induced destruction and the stabilisation policy. The State Bank of Pakistan's (SBP) flagship economic health report released on Wednesday said economic growth was stronger than expected in the 2021-22 fiscal year as the real GDP increased by 6 per cent compared to 5.7 per cent a year ago. The primary drivers of this growth were a broad-based expansion in large-scale manufacturing (LSM) and improved agricultural output, the Dawn newspaper said, quoting the report. The primary drivers of this growth were a broad-based expansion in LSM and improved agricultural output, the report said. A combination of adverse global and domestic developments led to the re-emergence of macroeconomic imbalances during FY22, it said. The SBP said that the economy was already in a stabilisation phase when ...

Finland cuts GDP growth forecasts for 2023 to 0.2%, signalling recession

Finland's Ministry of Finance has marked down its economic prognosis for 2023. It now predicts a 0.2 per cent GDP decline. Back in September, it projected growth of 0.5 per cent

Revisiting international trade's role in domestic development

Unlocking trade-enabled economic development alongside tenets of development including gender equity, income inequality, infrastructure, and other SDGs is very much possible

India all set to achieve $5 trillion economy target by FY25: Nitin Gadkari

India is the fastest growing major economy in the world and is all set to achieve USD 5 trillion GDP by 2024-25, Union Minister Nitin Gadkari said on Friday. Addressing an event organised by industry body FICCI, Gadkari said the central government is aiming to boost growth and employment to achieve sustainable development. The road transport and highways minister said India will play a key role in achieving global Sustainable Development Goals (SDGs) 2030. Gadkari noted that India needs to increase its exports and reduce imports. "We are also working on developing alternative, clean and green fuel like bio ethanol, bio-CNG, bio-LNG and green hydrogen," he said, adding green hydrogen is the fuel for the future. The minister said currently India's automobile industry is worth Rs 7.5 lakh crore and he wants to take it to Rs 15 lakh crore."This will create lots of new jobs." He also said his focus is on reducing cost of construction. "We are trying to minimise use of steel and cement