India's real GDP in the third quarter (Q3) of FY 2024-25 is projected to expand at a rate of 6.2 per cent, data from the Ministry of Statistics and Programme Implementation (MoSPI) said on Friday. This marks a spike from the GDP growth of 5.4 per cent in the last quarter.
To achieve a growth of 6.5-7%, India has to maintain a tax buoyancy in the range of 1.2-1.5, a EY report said on Wednesday.
India's budget for FY 25-26 may be perceived as a balancing act. While the increase in capital expenditure in the current budget has been similar to the budgets of previous years, there has been a shift to a more consumption-led path.
Moody's Ratings on Wednesday said India's power sector, which is the biggest carbon emitter, will need massive USD 700 billion investment over the next 10 years to help the country achieve its 2070 net-zero pledge.
These companies value higher than the GDP of India and the combined GDPs of UAE, Indonesia, and Spain.
Drought, a slow-moving phenomenon, can cause significant damage and displacement in affected communities, but its impact varies from region to region, which includes pivotal factors like the GDP of that region, a newly conducted study shows.
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The Indian economy is expected to grow at 7.1 per cent in the first quarter (April-June) of the current financial year with the farm sector posting a robust performance, according to a report by SBI Research.
Driven by robust demand for government infrastructure projects, the country’s domestic steel production is projected to cross 300 million tonnes (MT) by 2030
Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2024 on July 23.
