GDP growth

January 9, 2025 2:35 PM

Indian economy expected to clock 6.8 percent growth in 2025-26: report

The Indian economy is projected to grow at a robust 6.8 percent in the financial year 2025-26, driven by strong high-frequency indicators, according to a Bank of Baroda forecast. The report expects nominal GDP growth to be around 10.5 percent during the next financial year. It highlights that key indicators of this growth include robust air passenger traffic, a rise in services PMI, and increased GST collections. Additionally, higher rabi crop sowing is expected to boost agricultural growth, pr...

January 8, 2025 1:23 PM

Per capita nominal GDP in FY25 to grow by ₹35,000 more than FY23: economists

Despite a slowdown in real GDP growth, India’s per capita nominal GDP is projected to rise significantly in FY25, increasing by at least ₹35,000 compared to FY23, according to economists. The first advance estimate (AE) of GDP for FY25, released by the National Statistical Office (NSO), forecasts GDP growth at 6.4 per cent. The gross value added (GVA) growth is also pegged at 6.4 per cent. Meanwhile, nominal GDP growth is estimated to remain steady, growing at 9.7 per cent in FY25, slightly...

January 7, 2025 2:33 PM

India to clock faster GDP growth for Oct-Dec, inflation easing: HSBC research

India’s GDP growth momentum has improved in the October-December quarter of the current financial year (FY25), with inflation easing, according to an HSBC Research report released on Tuesday. “GDP growth came in at a disappointing 5.4% in the quarter ending September. Our analysis of 100 activity indicators suggests that the growth momentum has improved in the quarter ending December,” the report said. As many as 65% of the indicators are growing at a positive pace in the December quarte...

December 26, 2024 12:01 PM

India projected to witness 6.5 per cent real GDP growth in current, next fiscal: report

India is projected to witness 6.5 per cent real GDP growth in the current and next fiscal (FY25 and FY26), according to a report on Wednesday. This aligns with expectations, given the resilient economy and strong fundamentals. The latest 'EY Economy Watch December 2024' report estimated that by combining the real GDP growth of the first two quarters of FY25, at 6.7 per cent and 5.4 per cent, respectively, with the RBI's revised growth estimates for the third and fourth quarters of FY25, at 6.8 ...

November 18, 2024 4:39 PM

India rated fastest growing G20 economy with GDP growth projected at 7% for 2024

India is projected to be the fastest growing economy among the G20 countries with a 7% GDP growth rate for 2024, followed by Indonesia in the second spot with 5% while China is ranked third with an economic growth rate of 4.8%. "India takes the lead in the G20 with an impressive 7% GDP growth rate projected for 2024! This achievement highlights India's robust economy, showcasing its resilience and fast-paced growth amidst global challenges," a MyGov post on X said after the rankings were releas...

October 18, 2024 9:02 PM

BRICS countries drive global economic growth, exceed GDP of G7 nations: Putin

Russian President Vladimir Putin highlighted the rising economic influence of BRICS nations, saying that their combined GDP now exceeds $60 trillion, surpassing that of the G7 countries. Speaking at the BRICS Business Forum in Moscow on Friday, Putin emphasized the growing importance of the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—in shaping the global economy. Putin said that BRICS countries have become key drivers of global economic growth, predicting that they...

July 15, 2024 9:22 AM

China’s economy falters as property, consumer pain worsens amid rising uncertainties

China's economy is facing increasing external uncertainties and many domestic difficulties and challenges in the second half, a spokesperson for the National Bureau of Statistics said on Monday. China's GDP growth of 5% in the first half was "hard won" as businesses face relatively large pressures and key sectors face many risks, the spokesperson said in a statement published on the bureau's website. The spokesperson also said China's economic growth in the second quarter was affected by short-...