Page 10 - Gdp

India committed to cut emissions intensity of GDP by 45%: Power Minister

Power Minister RK Singh said that India is committed to reduce the emissions intensity of its GDP by 45% by 2030 and achieve 50% cumulative electric power installed capacity from non-fossil sources

Private players dominate external debt growth amid economic recovery

External borrowings up 8.2% overall in FY22; private debt accounts for 60%, against 29% a year ago

Moody's retains India rating and outlook, days after cutting GDP forecast

Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events

Can India's GDP grow 7% annually over 25 yrs? Data suggests it's tough

India has seen GDP growth of 7% or more for five straight years only once in the past 30 years

Could an Indian airline be in race for SriLankan Airlines stake buy?

Even if things improve, it would be hard to keep funding the airline's operations, as the airline has been bleeding money for a while.

Day after Q1 GDP data, a spate of forecast cuts by banks, institutions

Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth

Are falling growth rates the next big worry for Indian equity markets?

A dip in demand amid rising inflation and central bank policies has seen brokerages, such as Goldman Sachs and Morgan Stanley, cut their respective growth estimates for the Indian economy

GST collections above Rs 1.4 trillion for sixth consecutive month

Mop-up increases 28% YoY in August to Rs 1.43 trillion; most big states see double-digit growth in collections

'Economy grew by 1% annually in 3 yrs': Cong slams govt over GDP numbers

The Congress hit out at the Narendra Modi government on Thursday over the latest GDP numbers, saying the country's economy has grown by a meagre 1 per cent annually in the last three years. "While the Modi Government ministers are congratulating each other over the 13.5 per cent GDP growth, the real truth is that the Indian economy has grown only 3.3 per cent in last 3 years. From Rs 35.67 trillion in Q1 FY20 to Rs 36.85 trillion in Q1 FY23. This is an annual growth rate of around 1 per cent," Leader of Opposition in the Rajya Sabha Mallikarjun Kharge wrote on Twitter. The Congress also said on its official Twitter handle that the GDP growth in the first quarter of 2022-23 was 13.5 per cent, but the reality is horrifying. "The reality is horrifying. Not only GDP growth, GDP itself decreased. 2019-20 Q1 GDP: Rs 35.49 lakh crore. 2020-21 Q1 GDP: Rs 27.04 lakh crore. 2021-22 Q1 GDP: Rs 32.46 lakh crore. 2022-23 Q1 GDP: Rs 36.85 lakh crore. "Only 3.8 per cent GDP growth in 3 years. ...

Centre's fiscal deficit at 5.2% of GDP in Q1; experts say it may widen

Expect capex to pick up in the second half of the year and inch closer to 6.4% Budget estimate for full year

Q1 GDP growth misses estimates despite low base; govt spending subdued

13.5% expansion in June QTR despite low base; GVA at basic prices up 12.7%

Economy likely to grow at 7%-7.4% in FY23, says Finance Secretary

Indian economy is on course for a 7-plus per cent growth rate in the current fiscal year, finance secretary T V Somanathan said on Wednesday. Commenting on the first quarter GDP growth rate of 13.5 per cent, he said the economy is 4 per cent above pre-Covid levels. Allaying concerns of high imports denting the fiscal architecture, he said the government was on course to meet fiscal deficit target of 6.4 per cent of GDP in current fiscal ending March 31, 2023. Economic Affairs Secretary Ajay Seth said GST collection for August is likely to remain in the range of Rs 1.42-1.43 lakh crore, in signs of buoyancy in economy. Also, gross fixed capital formation grows 34.7 per cent during April-June, highest in 10 years, he said.

On course to achieve fiscal deficit target: Finance Secretary Somanathan

Finance Secretary TV Somanathan on Wednesday exuded confidence that the fiscal deficit target of 6.4 per cent of GDP in 2022-23 will be met without pruning capital expenditure. The Union Budget has pegged the fiscal deficit at Rs 16.61 lakh crore or 6.4 per cent of the gross domestic product (GDP) for the financial year ending March 2023. "We are on course to achieve our fiscal deficit target and it is not because of a slowdown in capital expenditure," said Somanathan, who is also expenditure secretary. He further said the government will focus on capital expenditure and try to control revenue expenditure to the extent possible. "We have some large revenue contingencies, which are going to come in here in terms of fertiliser subsidies and food subsidies. So, the fact that revenue expenditure has been growing slightly less than proportionately to that is not a bad thing. It's a good thing," he added. The capital expenditure was Rs 1.75 lakh crore during the first quarter of 2022-23

India will not miss estimated 11.1% FY23 nominal GDP growth: Bibek Debroy

Says country will the milestone assumed in the Budget despite the tense geopolitical situation

FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component

This is lower than RBI's April-June (Q1FY23) GDP projection of 16.2%

2050 net-zero target can boost India's GDP by 7.3% till 2032, says report

Should India ramp up its ambition to achieve net zero emissions by 2050, it could boost GDP by 7.3 per cent (USD 470 billion) and create almost 20 million additional jobs by 2032, a new research shows. Achieving net zero emissions by 2070 could boost India's economy by as much as 4.7 per cent above the projected baseline growth in GDP terms by 2036 worth a total of USD 371 billion, illustrates modelling and research commissioned by the High-level Policy Commission on Getting Asia to Net Zero. Launched in May, the commission has four members -- former Australian prime minister Kevin Rudd, former United Nations secretary general Ban Ki-Moon, former vice chairman of Niti Aayog Arvind Panagariya, and global head and director of Climate Business, International Finance Corporation, Vivek Pathak. The commission launched the "Getting India to Net Zero" report on Friday, which said India achieving net zero by 2070 would boost annual GDP by up to 4.7 per cent by 2036. Net zero will also bri

Uber India created Rs 44,600 cr in value for economy in 2021: Report

Study commissioned by ride-hailing firm says its services help riders, drivers and communities save money and time

SBI and ICRA see economy growing in double-digits in June quarter

Low base, robust recovery in contact-intensive services sector to boost expansion

India $5-trn economy by FY29 only if it grows at 9% for 5 yrs: Ex-RBI Guv

I see eight key challenges for India to overcome to achieve the dream of USD five trillion economy," a press release from FTCCI quoted Subbarao as saying.

India at 75: Here's how much our per capita income has zoomed since 1950

Since 1950, India's per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1,28,829 in 2020-21