Subramanian said, "The fact that the economy has grown at 7.2 per cent last year and at 7.7 per cent in the first half of this year is telling in itself. And if I look forward to a 7.7 per cent growth in the first half of the year, even with a 6.3 per cent average in the second half of th
Subramanian said, "I think, going by the signs so far, in about 1.5-2 years, we can expect to touch two lakh crores rupees in a month. I think the GST collection doing well is part of the overall phenomenon of good policy that has been implemented. So overall, I think the good performance
Indian stock indices traded firmly Friday morning, the last session before the weekend, after India reported more-than-expected GDP growth in the July-September quarter of the 2023-24 fiscal year.
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India's GDP is expected to grow by 6.5 per cent in financial year 2024.
After GDP data for the July-September quarter (Q2) were revealed on Thursday, Prime Minister Narendra Modi said that the growth numbers display the resilience and strength of the Indian economy adding that the government is committed to ensuring fast-paced growth.
According to a JP Morgan report, despite experiencing robust GDP growth of nearly 5 per cent in the third quarter, projections suggest a slowdown with expected growth rates of 1-2 per cent in the fourth quarter and 0-1 per cent in the first half of 2024.
Subramanian emphasized that the reliable data from the Periodic Labour Force Survey (PLFS) clearly indicates significant improvements in both the quantity and quality of employment in India.
Speaking to ANI, Gupte emphasised that the growth in the airline industry is expected to persist, as it correlates with the country's robust GDP growth, making India's economy one of the strongest among major nations worldwide.
The Indian economy is projected to grow by 6.3 per cent in FY24 with a minimum and maximum growth estimate of 6.0 per cent and 6.6 per cent respectively, according to the latest Economic Outlook Survey released by the Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday.
New Delhi [India], October 9: As anticipated, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), announced on Friday that the Monetary Policy Committee (MPC) has unanimously chosen to keep the repo rate steady at 6.50 per cent.
The World Bank has retained India’s GDP growth forecast for the financial year 2023-24 at 6.3 per cent, but noted that the country continued to show resilience against the backdrop of a challenging global environment.