Page 5 - Gross Domestic Product

India's economy probably grew at its fastest pace in a year in June qtr

Gross domestic product (GDP) in the three months to June 30 was probably 15.2% higher than a year earlier, a Reuters poll showed this week

Net zero is net positive for profits, people, and planet

Pursuing green technologies will result in much faster GDP growth

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%

Most economists see GDP growing at slower pace in Q1 than MPC projection

At the MPC's estimate of 16.2%, the economy would have grown 6.1% over the corresponding quarter of 2019-20

Here is why China may not impose stronger trade restrictions on Taiwan

The value of trade targeted by China's sanctions contributes a tiny amount of less than 1% to Taiwan's gross domestic product, according to economists

India at 75: Prudent public finance policy still remains a challenge

Among other things, making the direct tax regime less confusing and bringing in expenditure reform are crucial challenges for the central government

India's market capitalisation to GDP goes past 100% again, shows data

Interestingly, between 2008-09 and 2019-20, the ratio going past 100 per cent was a rarity

MPC rate hikes likely to continue till CPI inflation recedes below 6%

Another rate hike predicted for September 2022, even if the quantum is as small as 10 bps

Kerala FM blames Centre for cutting resources by Rs 23,000 crore

Kerala Finance Minister K N Balagopal has written to Nirmala Sitharaman asking her not to include borrowings of state entities while fixing their debt limits

PSU debt serviced by a state to be brought under its FRBM limit: Govt

Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman

Centre reins in its debt at 56% for FY22 against 60% pegged in Budget

Government committed to its fiscal deficit targets, says senior civil servant

Analysts slash India's GDP forecast amid high inflation, recession fears

On Thursday, ADB lowered India's growth forecast from 7.5 per cent to 7.2 per cent for FY23. Earlier on July 18, US-based Morgan Stanley also slashed India's GDP growth forecast to 7.2 per cent

CRISIL cuts FY23 GDP growth estimate to 7.3% from 7.8% on high inflation

Domestic rating agency CRISIL lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier.

Mutual Fund industry largely under-penetrated in India, says Deepak Parekh

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

7 out of 9 neighbouring nations charge less for petrol than India

Among the neighbouring countries, China (Rs 116 per litre) and Nepal (Rs 124 per litre) had a higher price.

Fiscal weakness

State finances can impede growth

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions

UK economy contracts sharply by 0.3% in April as slowdown looms

Gross domestic product fell 0.3% from March when output declined 0.1%, the Office for National Statistics said Monday

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%

Summit of opportunity

G11, if it materialises, is good for India