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.
Money makes the world go round, so sang Sally Bowles in the famous movie Cabaret. Money today keeps the global economy ticking, and if the central banks stop printing money, we would already be in a 1930s Depression.
In the narrative of a nation’s economic performance, GDP growth often takes centre stage, like the star student’s report card that parents eagerly await.
A decade after steadily decline in investment to GDP, capex has emerged as a key growth driver in India, global brokerage, Morgan Stanley said.
Venezuelan Vice President Delcy Rodriguez has said the US sanctions against the country have caused losses of nearly $700 billion in GDP.
Giving a positive signal towards India’s growth story, the Crisil Ratings on Wednesday projected India's GDP growth at 6.8% in the next fiscal.
