Fitch Ratings, anticipating an upswing in electricity consumption driven by a median GDP growth of around 4 per cent in the region, highlights the resilience of its rated power projects.
"Gujarat contributes 8.3 per cent, approximately USD 282 Billion, to India's GDP," Vishwakarma said while addressing the Hyderabad roadshow, adding that the state has garnered a cumulative FDI of USD 55 Billion from 2002-2022.
Fitch Ratings expects India to be among the world's fastest-growing countries, with resilient GDP growth of 6.5 per cent in 2024-25. For the current financial year 2023-24, it pegs GDP growth at 6.9 per cent.
Gurugram (Haryana) [India], December 22: The real-estate sector, the second largest employment generator, is booming once again. The sector has fully recovered from the COVID slow-down and is in full momentum. Looking at a growth rate of 10-11% in 2024, the sector is looking forward to a con
Indian stock indices - Sensex and Nifty - hit fresh highs at the opening bell Wednesday, due to a host of factors including a firm economic growth outlook and strong inflow of foreign investments.
The Indian economy is projected to grow at 6.3 per cent in the current financial year and the next, the International Monetary Fund (IMF) said in a report.
According to Fitch Ratings, with higher costs impacting regions like Europe and Latin America, producers in Asia, North America, and the Middle East, benefiting from lower production costs, are strategically targeting these markets for exports.
Everyone acknowledges that China's declared defence budget is lower than its real expenditure. The only question is how much, and it turns out it could be several times higher than what most think.
According to Asian Development Outlook, recent data reveals that India's GDP expanded at a robust rate of 7.1 per cent in the first three quarters of the calendar year, propelled by strong industrial production and substantial investment.
The opening quarter of the financial year 2023 witnessed a staggering 7.8 per cent growth in India's real Gross Domestic Product (GDP), reaching an estimated Rs 40.37 trillion (USD 484.94 billion).