Emphasis on fiscal consolidation, tax system simplification, and investment-driven growth, in the Budget 2025 will lay a solid foundation for sustained economic development in India, asserted global consulting and professional services firm Ernst & Young India.
It may be a subdued growth in the current financial year but the Indian economy is projected to grow by 6.8 per cent in the financial year 2025-26, supported by strong high-frequency indicators, according to a report by Bank of Baroda.
Despite a slowdown in real GDP growth and stagnant nominal GDP growth, per capita nominal GDP is expected to rise significantly in FY25, according to a report by the State Bank of India (SBI).
The State Bank of India (SBI) has revised its forecast for India's GDP growth in FY25 to 6.3 per cent, slightly lower than the National Statistical Office's (NSO) estimate of 6.4 per cent.
The Indian economy, in real terms, is expected to grow by 6.4 per cent in 2024-25 as compared to the 8.2 per cent growth in 2023-24. It is 20 basis points less than RBI estimates.
The domestic stock markets, in the upcoming week, will focus their attention on the earnings of companies, foreign portfolio investments (FPI) data, a host of economic data, Fiscal Year GDP Growth, Index of Industrial Production (IIP), and other global cues, according to the market experts.
The population of the six GCC countries reached 57.6 million in 2023, compared to 56.6 million in 2022. Males accounted for 62.4per cent of the total population, while females made up 37.6 per cent.
As per the report cited by ARY News, the growth rate of Pakistan's GDP is insufficient to meet the requirements of health and education sectors in the country. Currently, the unemployment rate in Pakistan is higher than in India and Bangladesh.
Credit growth of Indian banks are expected to witness a range-bound 12.5 per cent growth in the current financial year 2025, HSBC Global Research said in a report, attaching a rider that slowdown in GDP growth remains a downside risk.
Congress chief Mallikarjun Kharge on Thursday attacked the central government for creating "economic turmoil" and said that it has led to a "mess" in the lives of the common people.
India's current account deficit (CAD) remained largely stable at USD 11.2 billion, or 1.2 per cent of GDP, in the second quarter (Q2) of fiscal 2025, compared with USD 11.3 billion (1.3 per cent of GDP) in the same period last year.