Search For "gross domestic product"
China's two new targets: Lower GDP and increased military spending
Updated : 3 years ago IST
The Chinese Communist Party's (CCP) two sessions of the top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) target at its lowest level in years. It also announced a 7 per cent increase in militar
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India's economy to grow at 7 pc in FY23
Updated : 3 years ago IST
The ministry of statistics and programme implementation has maintained that economic growth of the country slowed to 4.4 per cent in the October-December quarter 2022. The ministry also released the revised estimate of economic growth for FY 2021-22 at 9.1 per cent.
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States' fiscal health has improved from sharp pandemic-induced deteriorati
Updated : 3 years, 2 months ago IST
The report said that gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in 2020-21 to 3.4 per cent in 2022-23.
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India's real GDP to grow at 7 pc in FY23: First Advance Estimates
Updated : 3 years, 2 months ago IST
Nominal GDP or GDP at current prices in the year 2022-23 is estimated at Rs 273.08 lakh crore, as against the provisional estimate of GDP for the year 2021-22 of Rs 236.65 lakh crore released on May 31, 2022.
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Ratio of corporate tax collection to GDP exceeds 3% in FY22 after 2 years
Updated : 3 years, 2 months ago IST
The net corporate tax collection was Rs 7.12 lakh crore in 2021-22 while GDP was at Rs 236.64 lakh crore at current market price. The percentage of net corporate tax to GDP is 3.01 per cent. This ratio was the highest in 2018-19, according to data of corporate tax collection for a span of fi
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Japan Cabinet approves 2023 draft budget at USD 862 billion with record de
Updated : 3 years, 3 months ago IST
The growth of the defence budget is connected with the government's decision to ensure an increase in defence spending to 2 per cent of the country's gross domestic product by 2027, which is approximately 11 trillion yen per year.
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India's economy slows to 6.3 pc in July-Sep quarter
Updated : 3 years, 3 months ago IST
According to the provisional estimates released by National Statistical Office (NSO) on Wednesday, the GDP for the preceding April-June quarter (Q1) of 2022-23 saw a 13.5 per cent growth.
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Govt to release Q2 GDP data at 5.30 pm today
Updated : 3 years, 3 months ago IST
The National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation will come out with the data on the quarterly estimates.
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Jump in digital significantly slowed down growth of currency in circulatio
Updated : 3 years, 4 months ago IST
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
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Amid reeling economic crisis, Afghan GDP likely to shrink further in 2022:
Updated : 3 years, 5 months ago IST
Kabul [Afghanistan], October 21 (ANI): While Afghanistan continues to remain under the grip of an economic and humanitarian crisis, the World Bank in its recent development update stated that the country's real gross domestic product (GDP) is projected to contract further in 2022.
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India suffered income loss of 5.4 pc of GDP due to heatwave: Report
Updated : 3 years, 5 months ago IST
New Delhi [India], October 21 (ANI): India suffered an income loss of 5.4 per cent of Gross Domestic Product (GDP), the highest among the G20 nations in 2021, according to the new report of Climate Transparency.
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India's current account deficit widens to 2.8 per cent of GDP in April-Jun
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 29 (ANI): India's current account deficit (CAD) widened to $23.9 billion or 2.8 per cent of the country's gross domestic product (GDP) in April-June period of the current financial year from $13.4 billion recorded in the previous quarter, as per data r
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