India’s GDP growth

India’s GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA. The report stated that this optimism is based on improving economic indicators and robust activity levels in various sectors. The report added that the preliminary data for November 2024 indicates a positive trend. The growth in electricity demand has picked up due to a favorable ba...

September 16, 2024 4:26 PM

India to grow at 6.6 per cent over next two years, driven by public sector demand: OECD

India's GDP is expected to grow by 7.8 per cent in the concluded financial year 2023-24, with a projection of 6.6 per cent growth over the next two fiscal years, according to latest Economic Outlook report from OECD. The report cautions that global near-term developments could pose challenges to achieving higher growth. According to the report, India's domestic demand will be driven by gross capital formation, particularly in the public sector, while private consumption growth is expected to re...