Tag: GDP
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ICRA revises upwards FY24 GDP growth forecast to 6.5%
Earlier this month, the RBI had revised upwards its GDP estimate to 7% from 6.5% Domestic rating agency Icra on Monday revised its FY24 GDP growth forecast to 6.5 per cent from 6.2 per cent earlier. However, the revised forecast is still much lower than the Reserve Bank of India’s (RBI’s) 7 per cent real…
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Market achieves new milestones on robust GDP data, inline RBI policy
December 09, 2023 / 09:41 AM IST Favourable global as well as domestic cues helped the Indian market to post biggest weekly gain since July 2022 and also achieved the fresh milestone in the week ended December 8. In this week, BSE Sensex rose 3.47 percent or 2344.41 points to close at 69,825.60, while Nifty50…
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Robust GDP growth brightens India’s chances to surpass Germany by 2026
Although all sectors have contributed to the growth of GDP this quarter, the largest share of growth in value addition was from manufacturing. Data released by the Ministry of Statistics and Programme Implementation show India’s GDP at constant prices, grew at the rate of 7.6 percent annually, during the second quarter of the year 2023-24,…
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What to look for in the Q2 GDP numbers
Clues about the GDP figures are to be found from the corporate results for the September quarter The GDP numbers for the second quarter of 2023-24 are to be announced on November 30. The RBI Bulletin’s State of the Economy Report for November said, “In India, estimates of gross domestic product (GDP) for the second…
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Q2 GDP: Five things to watch out for in latest growth data
India’s GDP had grown at a four-quarter high of 7.8 percent in April-June and 6.2 percent in July-September 2022. The Indian economy is likely to continue its string of better-than-expected growth numbers later this week when the statistics ministry releases data for July-September on November 30. Economists see the GDP growing by 6.8 percent in…