India's defence sector holds a lucrative ordering opportunity of USD 138 billion over FY24-32 amid the escalating demand for defence equipment, technologies, and services, offering significant prospects for companies engaged in defence production and technology development, according to a re
India's Index of Industrial Production (IIP) reduced to 4.9 per cent in March, it stood at 5.7 per cent in February, as per the data by the Ministry of Statistics & Programme Implementation.
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.
Morgan Stanley is firm on India's growth outlook given the support it is getting from the domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook.
The gross direct tax collections for the Financial Year (FY) 2023-24 in India reached Rs. 19.58 lakh crore, compared to Rs. 16.64 lakh crore in FY 2022-23, reflecting an increase of 17.70 per cent.
India is on a sustained growth path driven by consumption and public investments, India's economic performance stands out against a backdrop of global uncertainties said Krishna Srinivasan IMF Director, Asia and Pacific Department in an Exclusive interview to ANI. "Growth at 6.8% in 2024-
India, which accounts for the bulk of the region's economy, output growth is expected to reach 7.5% in FY23-24 before returning to 6.6% over the medium term.
An anlysis by AltG Investment Research Lab says "The one issue that needs to receive the most attention is capital. The availability, flexibility, and cost of capital will be the most important driver of India's 21st century economic growth story."
Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per cent in its latest Global Economic Outlook (GEO), arguing that the prospects for growth world over in the near-term have improved.
The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters - April-June and July-September, data released by the Ministry of Statistics and Programme Implementation on Thursday showed.