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  S&P upgrades outlook on India's sovereign rating to 'positive' based on robust economic expansion

  Business | May 30, 2024 13:07 IST

  The rating agency's positive outlook on India is predicated on its robust economic growth, pronounced improvement in the quality of government spending, and political commitment to fiscal consolidation.

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  India to become world's third-largest economy by 2027, says Jefferies

  Business | February 22, 2024 13:06 IST

  Over the past decade, India's GDP has surged at a CAGR of 7%, reaching $3.6 trillion and climbing to the 5th position globally. With forecasts predicting GDP to surpass $5 trillion in four years, India is poised to overtake Japan and Germany to claim the third spot.

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  S&P Global Ratings projects India's GDP growth 7 per cent by 2026 compared to 4.6 per cent for China

  Business | November 28, 2023 21:50 IST

  American Rating agency S&P in its report titled- 'China slows, India grows' pegged India's GDP growth at 7 per cent by by 2026, while China's GDP growth is projected at 4.6 per cent.

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  World Bank maintains India's GDP growth forecast for 2023-24 at 6.3%

  Business | October 03, 2023 12:59 IST

  The report attributes this resilience to robust domestic demand, substantial public infrastructure investments, and a strengthening financial sector.

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  India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS

  Business | May 31, 2023 18:14 IST

  India's GDP growth: As per the official data. India's GDP has witnessed a hike of 6.1 percent in January-March 2023.

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  'India GDP will be fastest-growing economy over next few years, but bureaucracy...': Moody's report

  Business | May 23, 2023 22:41 IST

  It said despite the economy's strong potential, there is a risk that the pace of investment in India's manufacturing and infrastructure sectors could slow because of limited economic liberalization or slower policy implementation.

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  GDP grew 8.7% in 2021-22 against 6.6% in previous fiscal: Govt

  Business | May 31, 2022 18:22 IST

  India's economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent

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  India's GDP shows remarkable recovery, grows 8.4% in Q2FY22 to beat estimates

  India | November 30, 2021 18:46 IST

  The GDP growth in April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year.

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  India's GDP likely to grow 8.1% in Q2 FY22: SBI report

  Business | November 22, 2021 17:52 IST

  In the first quarter of FY 22, the economy grew 20.1 per cent. For the fiscal 2022, RBI has estimated real GDP growth to be at 9.5 per cent -- 7.9 per cent in Q2, 6.8 per cent in Q3 and 6.1 per cent in Q4.

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  India's GDP likely to grow at 18.5 per cent in April-June quarter this fiscal: SBI report

  Business | August 24, 2021 11:50 IST

  State Bank of India has developed the 'Nowcasting Model' with 41 high-frequency indicators associated with industrial activity, service activity, and the global economy.

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  India’s GDP to grow at 11% this fiscal, surge in COVID cases may put economic recovery at risk: ADB

  Business | April 28, 2021 14:52 IST

  The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases may put the country's economic recovery at "risk".

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  Reserve Bank of India retains GDP growth forecast at 10.5% for FY22

  Business | April 07, 2021 14:31 IST

  The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. 

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  India's FY21 GDP to contract 7.7%, says Economic Survey

  Business | January 29, 2021 14:54 IST

  The document which was tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha in its debt simulations for worst-case debt analysis assumed the contraction at (-) 7.7 per cent.

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  India's GDP to expand by 11% in 2021-22 after falling by 9.4%: Fitch

  Business | January 14, 2021 10:39 IST

  Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support.

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  FY21 GDP to contract at 7.4% on better recovery: SBI report

  Business | December 16, 2020 12:16 IST

  India's GDP growth is expected to be at (-) 7.4 per cent in FY21 on better than projected recovery, said a SBI research report, upgrading its earlier forecast of (-) 10.9 per cent.   The report also believes that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.

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  India’s GDP expected to contract by 9.6 per cent this fiscal: World Bank

  Business | October 08, 2020 12:24 IST

  The Washington-based global lender, in its latest South Asia Economic Focus report ahead of the annual meeting of the World bank and International Monetary Fund, forecasts a sharper than expected economic slump across the region, with regional growth expected to contract by 7.7 per cent in 2020, after topping six per cent annually in the past five years.

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  'Hope is not a strategy' India needs more banks to double credit-to-GDP ratio to 100%: RBI member

  Business | September 08, 2020 22:50 IST

  RBI board member Manish Sabharwal, who is the chairman of Teamlease Services, also said the country needs immediate reforms in banking, compliance, labour laws and education because "hope is not a strategy".

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  In falling GDP, Agriculture output is only positive

  Business | September 01, 2020 14:52 IST

  The Gross Domestic Product (GDP) had grown by 5.2 per cent in the corresponding quarter of FY2019-20. In the quarter just preceding Q1 FY21, the economic growth was at 3.1 per cent. The country had observed mobility restrictions as mandated under the lockdown measures for the better part of the first quarter of FY21.

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  Fitch Solution cuts India's FY21 GDP growth forecast to 1.8 per cent

  Business | April 20, 2020 11:29 IST

  Fitch Solutions on Monday cut India's economic growth forecast for the financial year 2020-21 to 1.8 per cent saying private consumption is likely to contract due to large-scale loss of income in the face of worsening domestic outbreak of COVID-19.

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  India’s GDP growth may plummet to multi-decade low of 1.6% in FY21: Goldman Sachs

  Business | April 08, 2020 21:15 IST

  Indian economic growth is likely to plummet to a multi-decade low of 1.6% in fiscal year 2020-21 due to COVID-19 pandemic and ensuing measures like lockdowns and social distancing