Search For "gdp"
Recent changes in household finances in India are worrisome says Motilal O
Updated : 1 year, 7 months ago IST
On the savings front, household total savings stood at 23.3 per cent of PDI (18.4 per cent of GDP) in FY23, nearing a two-decade low. Net Financial Savings (NFS) were particularly concerning, reaching a four-decade low of 6.6 per cent of PDI. Physical savings, on the other hand, hit a decade
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RBI says demand conditions in Indian economy are gathering momentum
Updated : 1 year, 7 months ago IST
The demand conditions in the economy are gathering momentum after some slack in the first quarter of 2024-25, the Reserve Bank of India said in its monthly bulletin of August 2024.
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Transforming India's MSME Sector: The Digital Vision of Rahul Upadhyay and
Updated : 1 year, 7 months ago IST
New Delhi [India], August 17: This is the point of inflection for the fast-changing digital space of the Micro, Small, and Medium Enterprises (MSME) sector in India. There are over 63 million MSMEs in India that emerge as a key sector for the economy of the country, employing over 110 mil
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Stage set for next generation of economic reforms: President Murmu in addr
Updated : 1 year, 7 months ago IST
Noting that the government has created an ideal ecosystem for startups which will propel their growth, made India a more attractive investment destination and brought more efficiency in banking and financial sectors, President Droupadi Murmu on Wednesday said that various such factors have s
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Sustainability Initiative for Financing Climate Resilience Technologies in
Updated : 1 year, 7 months ago IST
New Delhi [India], August 13: India, with its vast agricultural landscape, stands as a global agricultural powerhouse. Despite employing over half of the country's workforce, the agricultural sector contributes only 20.2 per cent to India's GDP, according to the Indian Economic Survey 202
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Bangladesh's economy at risk of pandemic-level decline; Moody's cuts growt
Updated : 1 year, 7 months ago IST
A recent report by Moody's warns that the ongoing curfews in Bangladesh could severely harm the country's economy, potentially bringing it back to levels seen during the pandemic.
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SBI General Insurance Surges Ahead with a 32 per cent Growth in Q1 FY24-25
Updated : 1 year, 7 months ago IST
Mumbai (Maharashtra) [India], August 12: SBI General Insurance, one of India's leading General Insurance companies, has reported a robust growth of 32% in the first quarter of FY 24-25, resulting in a Gross Direct Premium (GDP) of INR 2,603 crore. This growth rate significantly outperform
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Recovery in global market supports India stocks, Sensex closes over 800 po
Updated : 1 year, 7 months ago IST
Going ahead, inflation data for July will be widely eyed, scheduled to be released early next week.
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SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 p
Updated : 1 year, 7 months ago IST
The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.
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A rate cut is unlikely before December, it may even be pushed back furthe
Updated : 1 year, 7 months ago IST
BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetary Policy Committee (MPC) voting 4-2 in favour of maintaining the current policy stance, the decision underscores a growing divide among its members regarding the direction of mone
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Premature to talk about US recession based on one-month data: RBI Governor
Updated : 1 year, 7 months ago IST
At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
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RBI Governor Shaktikanta Das projects 7.2 pc GDP growth for 2024-25, repor
Updated : 1 year, 7 months ago IST
Das added, "Assuming a normal monsoon and taking into account the 4.9 per cent inflation print, Q1 CPI inflation for the current financial year (2024-25) is projected at 4.5 per cent, with q2 at 4.4 per cent, Q3 at 4.7 per cent and Q4 at 4.3 per cent. CPI inflation for the first quarter of n
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