India Gdp

Q4 GDP growth may be less than 3%: SBI study flags 'forecaster's nightmare'

Lender's chief economic advisor says projection for economy is clouded by significant uncertainties.

Crude economics

India needs deeper fiscal reforms

India's GDP may grow 7.4-8.2% in FY23, says CII president Sanjiv Bajaj

Bajaj said that to counter inflationary pressures, the central and state governments should cut taxes on petrol and diesel further

Exports up 30.7% to $40.19 bn in April; trade deficit widens to $20.11 bn

India imported goods worth $60.3 billion, up nearly 30 per cent on year in April

Why pruning general debt to 66% of GDP over next 5 years looks unachievable

An RBI report says even in the best case scenario, general govt debt may not dip below 75% of GDPl and if there are events, it may in fact rise to 90% of GDP by 2026-27

Real-time payments expected to boost India's GDP by $45.9 bn in 2026

The widespread adoption of real-time payments resulted in estimated cost savings of $12.6 billion for Indian businesses and consumers in 2021

Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth

Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.

India's GDP may grow 7.5-8% in FY23 on enhanced exports: CII President

However, he said the country needs to remain prepared for any fallout of next wave of Covid-19 pandemic, and the impact of the ongoing Russia-Ukraine war

Will the RBI's efforts to tame inflation, manage growth fail? UBS thinks so

While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022

Run-up to monetary policy review: Nudging but not rocking the boat

In the April policy, a change to a "neutral" stance will provide the MPC with more operational flexibility to move in case the inflationary pressures intensify

Asian Development Bank retains India's GDP forecast for FY23 at 7.5%

The higher capital spending is likely to improve the efficiency of India's logistics infrastructure, among others, crowd-in private investment, generate jobs in construction, and sustain growth

India's FY23 GDP growth estimated at 7.4%, RBI rate hike by year end: Ficci

RBI is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal.

India Ratings slashes India's FY23 GDP forecast to 7%-7.2% from 7.6%

Ind-Ra's India GDP forecast cut comes a day after ICRA Ltd cut its FY23 growth forecast to 7.2 percent from 8 percent

Safe for now, macro economy may take a hit if Russian-Ukraine war stretches

A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit

Algo Rhythm: AI-as-a-Service can lead to wider adoption of AI

IT service players have a role in collaborating with deep-tech startups

YouTube's creator ecosystem contributed Rs 6,800 cr to Indian GDP

The number of channels on YouTube in India with over 100,000 subscribers at 40,000, represents a growth of over 45 per cent y-0-y.

FY22 GDP estimates: Economic growth weighed down by mfg, construction

While an adverse base was expected to flatten growth in the quarter from 8.5% in Q2FY22, NSO's initial estimates are sorely below our expectation of a 6.2% YoY expansion in that quarter

Top headlines: India's Q3 GDP grows 5.4%; Madhabi Puri Buch new Sebi chief

Business Standard brings you the top headlines on Monday

3D printing: Govt aims to add nearly $3 billion to GDP in three years

The government aims to capture five per cent of the global market share in additive manufacturing or 3D printing with expectations to add nearly USD 2-3 billion to the GDP in the next 2-3 years, Union Minister Ashwini Vaishnaw said Thursday. Under the National Strategy on Additive Manufacturing, the government plans to create 50 India-specific technologies for material, machine, process and software to make India a 3D-printed design and manufacturing hub. "The value of precision electronics is high. It is estimated to contribute USD 2-3 billion in GDP coming 2-3 years," Communications and Electronics & Information Technology Ashwini Vaishnaw said while announcing the strategy. The strategy aims to create 100 new start-up, 500 additive manufacturing products and 50 Indian additive manufacturing technologies on material, machine, process and software. "We have taken some clearly defined goals in this strategy. We are targeting 50 new India-specific technology, 100 new start-up, 10 ..

Moody's ups India growth estimates to 9.5% in CY2022 on stronger recovery

In its update on Global Macro Outlook 2022-23 today, Moody's said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum