Taking a swipe at former finance minister P Chidambaram, who made remarks that India will become the third largest economy in the world no matter who becomes the prime minister, Union Finance Minister Nirmala Sitharaman countered and asked why was it that the country's ranking in terms of
Snapping a four-day winning streak, Indian stock indices closed sharply lower on Thursday, primarily due to risk aversion by investors amid weak global cues.
India's GDP took a leap on Leap Day in 2024, surprising analysts with a growth rate of 8.4 per cent in the third quarter of the fiscal year 2024. This performance far exceeded earlier projections, with Deloitte's forecast ranging between 7.1 per cent and 7.4 per cent.
The US grew at an annual rate of 1.6 percent in the first quarter of 2024, according to the advance estimate released by the country's Bureau of Economic Analysis.
Fitch Ratings expects India's power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months.
To achieve its developmental goals over the next three decades, the Indian economy must grow at a rate of 8-10 per annum over the next decade to reap the demographic dividend that started accruing from 2018 and, as calculations show, will last till 2055, according to an article in the Reserv
Noida (Uttar Pradesh) [India], April 23: Real estate sector has witnessed remarkable growth in both residential and commercial segments. With the implementation of various real estate regulatory reforms and optimistic GDP growth projections The upcoming 2024 Lok Sabha elections are expected
Mumbai (Maharshtra) [India], April 22: The Dun & BradstreetComposite Business Optimism Index stands at 75.9 for Q2 2024, 4.2% higher compared to Q1 2024. Four out of six optimism indices have shown improvement with optimism for net profits at eight-quarter high. The Dun & Bradstreet
According to Xiang, a rising number of economists are questioning whether China's Gross Domestic Product (GDP) will ever surpass that of the US as the country grapples with declining momentum.
Anshul Khurana, Co-founder and CEO of Entitled Solutions, said, "Over 80 per cent of the workforce in India (excluding agricultural workers) is in blue and grey collar jobs, aggregating about 300 million workers."
The services sector particularly thrived due to robust local demand for consumer services and robust external demand for the country's business services exports. These factors are anticipated to remain pillars of support for growth in the upcoming year.
Projecting stagnant tax-to-GDP ratios over the next five years, the IMF estimated the figure, which is almost 1 per cent higher than 6.5 per cent target set by the federal government.