Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, noted that the sharp dip in GDP growth reflects the disappointing corporate earnings data, particularly in the manufacturing sector, which appears to have faced the brunt of the slowdown.
SA20 season 2 made a significant contribution to South Africa's economy, generating a total economic impact of USD 238 million towards the GDP. An independent report has revealed key data across employment, contributions to GDP, and direct expenditure, with Season 2's impressive figure surpa
India's nominal GDP is projected to grow from USD 3.5 trillion in 2023 to USD 22.8 trillion by 2047, with an annual growth rate of 7.5 per cent. The services sector is expected to dominate, increasing its contribution to GDP from 54.2 per cent in 2023 to 60 per cent by 2047.
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday. The quarterly growth was quite lower than RBI's forecast of 7 per cent.
Stock indices in India edged higher Friday, the last trading session of the week, as the investors closely watch out for July-September quarter GDP data to be released later today.
Bangalore (Karnataka) [India], November 26: India's Micro, Small, and Medium Enterprises (MSMEs) power nearly 30% of the country's GDP! Yet, most of these businesses don't get the recognition - or the support - they truly deserve. That's where Rajiv Talreja and Karan Hasija come in.
Jobs in manufacturing and services are 3-6 times more productive than agricultural work, underscoring the sector's potential to transition the workforce into higher productivity roles.
S&P Global Ratings on Monday retained India's GDP forecast for the current financial year 2024-25 at 6.8 per cent while cutting economic growth forecasts for the next two years.
Multinational investment bank Goldman Sachs forecasts India's GDP growth to decelerate to 6.3 per cent in 2025, over continued fiscal consolidation and slower credit growth.
Mumbai (Maharashtra) [India], November 23: As businesses confront complex challenges in supply chain management and operational efficiency, the demand for skilled leaders in these areas has reached new heights. According to the Economic Survey of India 2023, India's logistics sector is se