India's per capita GDP at current prices is estimated to reach Rs 2.35 lakh in the financial year 2024-25 (FY25), driven by better policy-making and improved distribution of benefits through the Direct Benefit Transfer (DBT) system, according to a report by the State Bank of India (SBI).
During a briefing on the Q3 GDP numbers, Nageswaran expressed optimism about India's medium-term economic prospects. He cited strong rural demand, recovering urban consumption, robust kharif production, and better rabi sowing as positive indicators for output growth.
The near-term global economic outlook is influenced by trade policies of major economies amid a slowing disinflation, said Chief Economic Adviser Anantha Nageswaran said on Friday, soon after the GDP figures for October-December was released.
The Indian economy grew by 6.2 per cent in real terms in the October-December quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
Abdullah bin Touq Al Marri, Minister of Economy, said that the financial technology (Fintech) sector continues to power growth, contributing 8.7 per cent to the UAE's Gross Domestic Product (GDP).
Mumbai (Maharashtra) [India], February 26: Access Partnership, a global technology policy research firm released its report, 'Turning Vision into Impact: India's AI Opportunity' at the NASSCOM Technology and Leadership Forum 2025 held today in Mumbai. As per the report, AI Data Cities have t
India has to maintain tax buoyancy between 1.2 and 1.5 in order to fulfil its Viksit Bharat vision and reach a medium-term growth trajectory of 6.5-7.0, said an Ernst & Young (EY), a multinational professional services firm.
Chandrajit Banerjee, Director General, CII, stated that with a proactive state government dedicated to boosting investment and driving growth, Madhya Pradesh is well-placed to increase its contribution to India's GDP from the current 4.6 per cent to 6.0 per cent by 2047-48.
Madhya Pradesh has become a leading player in the India's EV revolution, the Prime minister said. "More than two Lakh Electrical Vehicles registered in MP till January 2025, which shows almost 90 per cent of growth, this indicates MP is becoming an amazing centre for manufacturing," PM Mo
India's economic growth is expected to pick up momentum in the third quarter of the financial year 2024-25 (Q3FY25), with GDP growth estimated at 6.2 per cent, up from 5.4 per cent in the second quarter (Q2FY25), according to a report by Union Bank of India.
India must transition from a net importer to an export-driven economy in key sectors such as electronics, chemicals, and energy to achieve its goal of becoming a high-income, tech-driven nation by 2047, according to a new report by Bain & Company, a global consultancy firm.