On the savings front, household total savings stood at 23.3 per cent of PDI (18.4 per cent of GDP) in FY23, nearing a two-decade low. Net Financial Savings (NFS) were particularly concerning, reaching a four-decade low of 6.6 per cent of PDI. Physical savings, on the other hand, hit a decade
A SBI Research report said India's FY24 GDP growth is likely to be higher than the threshold 6 per cent. The report, titled Ecowrap, added though some reports indicated that there may not be a one-to-one correspondence between El Nino and Indian droughts, the recent fears seem misplaced.
Mumbai (Maharashtra) [India], Sep 25 (ANI): The global real GDP contracted by 7.2 per cent year-on-year in the second quarter of current calendar year, Motilal Oswal Financial Services said in its EcoScope report released on Friday.