Page 9 - Gdp

Centre extends free food grain scheme till Dec at a cost of Rs 45k cr

Move to cost the exchequer additional Rs 44,762 crore

Household savings in India dip to lowest in five year as inflation persists

As compared to 15.9 per cent in FY21, the gross financial savings of households in India stood at 10.8 per cent in FY22

Even at $100 bn, FDI may not be sufficient to finance ballooning CAD

CAD is expected to hit a decadal high of 3.8% of GDP, or $130.5 bn; to make matters worse, FDI inflows expected are on gross basis and net inflows would be much lower than $100 bn

CAD may jump over 5% of GDP in Q2FY23, relief likely in the next fiscal

The current account deficit may have widened to 3.4% of the gross domestic product in the first quarter against a surplus of 0.9% a year ago

ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand

Earlier forecast was 7.2%; institution says high inflation is another growth hurdle, cut FY24 forecast to 7.2% from 7.8%

Union Cabinet has approved National Logistics Policy: Anurag Thakur

Prime Minister Narendra Modi last week unveiled the policy which seeks to cut transportation costs by promoting seamless movement of goods across the country

India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran

Global slowdown positive for India on balance, says CEA

Top headlines: KKR to invest in Hero's RE arm; CEA pegs FY23 growth at 7%

SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.

CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

At it yet again! The sequencing problem in setting a base year for GDP

The current datelines imply the GDP changes will happen only after the general elections of 2024

Current account deficit expected to reach 3.4% in Apr-June: India Ratings

India Ratings expects the current account deficit to hit a 36-quarter high of 3.4 per cent of GDP or USD 28.4 billion in the June quarter, against a 0.9 per cent surplus a year ago. In the March 2022 quarter, the deficit was a moderate 1.5 per cent or USD 13.4 billion, while in Q1FY22 the current account surplus was USD 6.6 billion or 0.9 per cent of GDP when the country was hit by the second wave of the pandemic, according to the agency. As a share of GDP, the current account deficit is expected to jump to a 36-quarter high after the 1QFY14 when it was 4.7 per cent. In absolute terms, it will be at a 38-quarter high after 3QFY13 when the deficit was USD 31.8 billion, India Ratings said in a note on Monday. Although merchandise exports touched a record high of USD 121.2 billion in Q1FY23, outward shipments are likely to slow down and come in at USD104.2 billion in Q2FY23, growing by a meagre 1.4 per cent in Q2 due to global headwinds. The International Monetary Fund in July slashed

Healthy revenue buoyancy expected for rest of the year: Finance Ministry

The Monthly Economic Report states that India is in a better position to calibrate liquidity levels without stalling growth

Broking biz will flourish for those who constantly upgrade: Emkay Global MD

"Maximum returns are seen when small-caps of yesteryear become mid-caps of today and large-caps of tomorrow", says Krishna Kumar Karwa

Decoded: What is National Logistics Policy and how will it get implemented?

The policy will be implemented through a Comprehensive Logistics Action Plan (CLAP), which will include key action areas

Multi-modal transport to pivot National Logistics Policy, boost export edge

In line with earlier plans such as National Rail Plan and Maritime India Vision, NLP aims to bring sweeping changes in the current costly, polluting and congesting modal mix of Indian logistics

India Ratings cuts India's FY23 GDP growth forecast to 6.9% from 7%

India Ratings projects GDP growth of 7.2 percent in July-September FY23 quarter, 4 percent in October-December and 4.1 percent in February-March

Sri Lanka's GDP likely plunged amid debt crisis, political turmoil

Gross domestic product probably fell 10% in the three months to June from a year ago, according to a Bloomberg survey of economists as of Wednesday

Fresh salvo at GDP for not capturing ground manufacturing activities

While most criticisms of the data related to GDP are on overestimating economic activities on ground, the latest one in fact censures it for underestimating the manufacturing sector in recent times

Massive floods likely to reduce Pak's GDP by over 2 percentage points: PM

The massive floods in Pakistan are likely to reduce its GDP by over 2 percentage points and the government is grappling with the immediate challenge of averting an imminent food insecurity in the country, Prime Minister Shehbaz Sharif has said. During a telephonic conversation with Turkish President Recep Tayyip Erdogan on Sunday to express gratitude for extending humanitarian relief assistance to Pakistan, Sharif said the ongoing floods have devastated millions of acres of standing crops, houses and critical infrastructure in the country, according to an official statement. The prime minister said as per initial estimates, the floods are likely to reduce Pakistan's GDP by over 2 percentage points. Pakistan is grappling with the immediate challenge of averting an imminent food insecurity in the country as well as providing for rescue and rehabilitation of the victims of this climate-induced calamity, Sharif told Erdogan. He said the government is fighting to avoid food shortages du

PM to launch national logistics policy on Sat for seamless flow of goods

The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan