Noting that GDP growth figures for the July-September 2024 quarter are "much worse than anticipated," with India recording 5.4 per cent growth and consumption growing by "unimpressive 6 per cent", Congress leader Jairam Ramesh on Saturday said the fundamental cause for this is "stagnant w
The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.
India's GDP is expected to fall below 6.5 per cent for the current financial year 2025, as GDP growth in the second quarter (Q2 FY25) slowed to 5.4 per cent, according to a report by the State Bank of India (SBI).
Mumbai (Maharashtra) [India], November 29: The Stanford Seed Transformation Network will be organising the 3-day South Asia Annual Conclave 2024 in Goa from 28th to 30th November. This year's conclave promises to be an inspiring gathering of entrepreneurs, thought leaders, and innovators fro
New Delhi [India], November 29: India is truly on the rise as a global startup hub. Whether it's AI (Artificial Intelligence), ML (Machine Learning), or creative design, innovative businesses are blossoming in every sector. With this growth comes the need for high-performance IT infrastructu
Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, noted that the sharp dip in GDP growth reflects the disappointing corporate earnings data, particularly in the manufacturing sector, which appears to have faced the brunt of the slowdown.
India's nominal GDP is projected to grow from USD 3.5 trillion in 2023 to USD 22.8 trillion by 2047, with an annual growth rate of 7.5 per cent. The services sector is expected to dominate, increasing its contribution to GDP from 54.2 per cent in 2023 to 60 per cent by 2047.
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday. The quarterly growth was quite lower than RBI's forecast of 7 per cent.
New Delhi [India], November 29: Chandigarh's Tricity, encompassing Chandigarh, Mohali, and Panchkula, has emerged as a beacon of modern development in Northern India. The region's rapid infrastructure growth, driven by high connectivity and strategic urban planning, has made it a top destina
Noida (Uttar Pradesh) [India], November 29: Ushering in a transformative phase in real estate, ManuBhoomi has officially launched operations. The purpose of the company is to redefine land investment opportunities across the country. Based in Noida, Uttar Pradesh, the company is on a mission
Mumbai (Maharashtra) [India], November 29: The BFSI India Leadership Conclave-2024, held at the ITC Grand Central in Mumbai, brought together key figures from the banking, finance, and technology sectors to discuss the future of India's financial services industry. Organised by Eternal Corpo
The growth of non-banking financial companies (NBFCs) in India is expected to remain under pressure in the financial year 2025 due to a slowdown in loan disbursements and regulatory challenges, according to a report by Nomura.