"The GDP growth figures released three days back for the quarter July-Sept 2024 revealed a dramatic fall in the GDP growth rate. These depressing results are ultimately a result of the Modi Government's failure to boost private investment in manufacturing," Jairam Ramesh said in a statement.
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI).
Indian stock markets declined after opening flat on Monday, with selling pressure mounting after lower-than-expected GDP numbers were released last week.
The agriculture sector is expected to maintain robust growth in the second half of FY25, driven by favorable monsoon conditions, higher reservoir levels, and healthy Rabi sowing, says a report by Bank of Baroda.
India's economic growth is expected to grow at from the rate of 6.7 in the second half (H1) of the fiscal, taking the full year 2024-25 GDP growth to 6.4 per cent, JP Morgan said in a report.
The Indian stock indices will react to the disappointing GDP numbers, and await RBI monetary policy decisions, for fresh market cues, during the week that starts Monday.
With India logging disappointing growth in the July-September quarter, Crisil now expects GDP growth to slow to 6.8 per cent this financial year 2024-25. Last year, India grew at 8.2 per cent.
Congress has said that the GDP growth figures released last evening for July-Sept 2024 are "much worse than anticipated and the fundamental cause for this is "stagnant wages" for crores of workers.
Expressing his disappointment at the second-quarter estimates of 5.4 per cent GDP growth, Charan Singh, Chief Executive Officer, EGROW Foundation, has said that corrective measures should be taken faster economic growth and interest rates should be brought down.
Noting that GDP growth figures for the July-September 2024 quarter are "much worse than anticipated," with India recording 5.4 per cent growth and consumption growing by "unimpressive 6 per cent", Congress leader Jairam Ramesh on Saturday said the fundamental cause for this is "stagnant w
The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.
India's GDP is expected to fall below 6.5 per cent for the current financial year 2025, as GDP growth in the second quarter (Q2 FY25) slowed to 5.4 per cent, according to a report by the State Bank of India (SBI).