Congress has said that the GDP growth figures released last evening for July-Sept 2024 are "much worse than anticipated and the fundamental cause for this is "stagnant wages" for crores of workers.
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
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).
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.
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.
Nifty earnings are expected to witness a modest growth of 5 per cent in FY25, marking the first year of single-digit growth in the past five years, according to a report by Motilal Oswal.
The cement industry in India is expected to witness a significant capacity expansion of 70-75 million metric tonnes (MT) over the next two years, according to the rating agency ICRA.
This divergence reflects the varied impact of inflation and income dynamics on consumer spending patterns. The slowdown in urban demand was particularly pronounced in specific categories, channels, and consumer segments.
Secretary to the Department of Economic Affairs, Ajay Seth, on Wednesday asserted that the government doesn't see any significant downside risks on economic growth, despite a slight slowdown and an uptick in inflation.
The pace of selling by foreign portfolio investors (FPIs) in the Indian equity market slowed down in the second week of November, according to data from the National Securities Depository Limited (NSDL).
Though state-level spending continued to decline, dropping by 3.8 per cent compared to last year, a few states, including Punjab, Assam, Karnataka, Maharashtra, and Rajasthan, showcased resilience by recording double-digit growth in Capex during the first half of the year, highlighting regio