According to the report. this forecast comes in the wake of a 7.4 per cent increase recorded in FY24, reflecting a noticeable slowdown from the preceding years.
"Light thunderstorms with gusty wind speeds reaching 30-40 kmph and light to moderate rain is expected to occur in Nuapada, Kandhamal, Nayagarh, Puri, Cuttack, Khorda, Ganjam, Gajapati, Malkanagiri, Jagatsingpur, Kendrapada, Bhadrak, Balasore, and Raygada districts," said IMD Scientist Sanje
Investment banking company Morgan Stanley anticipated a 15.3 per cent compound annual growth rate (CAGR) in infrastructure investments, which is projected to result in a cumulative expenditure of USD 1.45 trillion over the next five years.
The rating agency has elevated India's growth forecast by 20 basis point to 7.2 per cent for fiscal year 2024-25. Earlier in March Fitch has forecasted India's growth at 7 per cent.
A group of scientists from University College London (UCL) and University Medical Centre Goettingen have created a straightforward blood test that employs artificial intelligence (AI) to forecast Parkinson's disease up to seven years before symptoms appear.
Fitch projects a moderation in global growth for 2025 to 2.4 per cent as US economic expansion decelerates to a below-trend rate of 1.5 per cent, and China's growth slows further to 4.5 per cent due to declining exports and reduced government spending. Meanwhile, the eurozone is forecasted t
The main focus of the US economy has shifted to the 2024 presidential election, as central banks are cutting rates and politicians are spending more, creating optimism for the election year.
While retaining its position as the fastest-growing large economy, India's real gross domestic product (GDP) growth will moderate to 6.8 per cent in fiscal 2025 from 8.2 per cent in fiscal 2024, CRISIL observed in its recent report, citing high interest rates and lower fiscal impulse.
The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024-25 by 20 basis points to 6.6 per cent from its earlier projection of 6.4 per cent made in January.
IMD scientist Surinder Paul said that if the conditions remain good then monsoon is expected to reach Himachal Pradesh by June 20-22. IMD further forecasted that it will rain well in Himachal Pradesh this year.