New Delhi [India], May 15: India's growth story has amazed economists and financial experts. Top rating agencies of the world have acknowledged that India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India's economy expanded at 7.8 per c
The Indian economy is expected to grow at 6.6 per cent in the current financial year 2024-25, fuelled by strong credit demand that will support the NBFC sector's profitability, Moody's Ratings said.
CRISIL's outlook on near term interest rate, expects two rate cuts by Reserve Bank of India (RBI) this fiscal. The outlook of the S&P global company CRISIL estimates real GDP growth of India to moderate to 6.8 per cent in this fiscal from 7.61
per cent last fiscal.
Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025.
Mallikarjun Kharge, the President of the Indian National Congress on Saturday said that the party resolves to make the country a manufacturing hub by raising the share of manufacturing from 14% to 20% of GDP in the next five years.
The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 per cent. The agency's forecast indicates higher growth than RBI's for the first and fourth quarters of FY25 but lower for the second and third quarters.
Indian stock markets geared up for a dynamic performance in the coming week, influenced by a multitude of factors including earning reports, GDP data in euro zone and global market trends.
External Affairs Minister S Jaishankar on Saturday refuted US President Joe Biden's "xenophobia" remark and argued that India's economic growth is at 7 per cent which is higher than many other countries.
A hot topic of discussion in global economic forums is the meteoric rise of India as an economic superpower. Over the past decade, India has steadily climbed the ranks of global economies, transitioning from the tenth to the fifth largest economy in the world.
India's GDP is projected to grow at 7.8 per cent in the just-concluded financial year 2023-24 and forecast is of around 6.6 per cent in each of the following two fiscal years, according to OECD's latest Economic Outlook. However, global near-term developments pose obstacles to higher growth.
The substantial jump in interest payments to PKR 5.52 trillion from PKR 3.58 trillion in the corresponding period last year contributed significantly to this widening deficit.
Initially scheduled to convene on Tuesday, a conference chaired by Prime Minister Shehbaz Sharif to discuss the impending education emergency was regrettably postponed due to the PM's prior commitments.