GDP

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• India’s capex run to continue; resembles 2003-07 period: Morgan Stanley

  India’s capex cycle is expected to continue its run, with the current uptick resembling the 2003-07 period when growth averaged 8.6%, Morgan Stanley said.

  

• Moody's raises India's 2024 GDP forecast to 6.8% from 6.1%

  Moody's on Monday raised India's GDP growth estimate for 2024 to 6.8 percent from 6.1 percent. The boost in economic growth during the October-December quarter, which reached 8.4 percent, was attributed to a significant decrease in key subsidies.

  

• Women contribute only 18% to GDP despite 48% share in population: Study

  Indian women contribute only 18% to GDP despite constituting 48% of the population. Advancing women's equality could lead to a $28 trillion increase in global GDP, with India potentially seeing a $770 billion boost by 2025.

  

• India's GDP grows sharply at 8.4 per cent in Q3, FY24 estimate revised upwards to 7.6 per cent

  GDP Q3: An ET poll of 15 economists had expected the GDP to grow by 6.6 per cent in the third quarter. Forecasts varied from 6 per cent to 7.2 per cent for the quarter ended December. Meanwhile, the Reserve Bank of India (RBI) had estimated a growth rate of 6.5 per cent for the same period.

  

• Budget 2024: Nominal GDP growth pegged at 10.5% in FY25

  The Union Budget for 2024-25 projects India's nominal GDP at 10.5 per cent, surpassing the statistics ministry's estimate for the current fiscal year.

  

• Union Budget 2024: Finance minister stays on fiscal consolidation path despite election year

  The Budget pegs fiscal deficit at 5.1 percent, raises capex to Rs 11.1 lakh crore as tax receipts stay buoyant.

  

• Union Budget 2024: Fiscal deficit reduced to 5.8% of GDP from target of 5.9%

  Total revenue receipts for FY25 pegged at Rs 38.80 lakh crore.

  

• India to be a $5 trillion economy by FY28; reach $30 trillion by 2047: FM

  India is set to become the third largest economy by 2027-28, according to Finance Minister Nirmala Sitharaman. With a projected GDP of over USD 5 trillion, India's economy is expected to grow significantly in the coming years. Sitharaman also mentioned that even with conservative estimates, the Indian economy will reach USD 30 trillion by 2047.

  

• Robust investment and services to drive growth in coming fiscal, India to grow 6.4% in FY25: World Bank

  “Investment is envisaged to decelerate marginally but remain robust, supported by higher public investment and improved corporate balance sheets, including in the banking sector,” the international institution said in its latest Global Economic Prospects report.

  

• India's GDP likely to grow by 7.3 per cent in FY24, govt's first advance estimate shows

  In 2023-24, India's economy anticipates a robust 7.3 per cent growth, driven by thriving sectors, notably construction and manufacturing. However, agriculture's modest 1.8 per cent growth diverges from the trend.

  

• Interim budget: Govt likely to give populist spending a pass ahead of general election

  ​Interim budget: While the numbers are being worked out, the Centre may peg its FY25 fiscal deficit at the current fiscal level (budgeted at ₹17.87 lakh crore) or even reduce it, said one of the persons cited. This would lead to a meaningful cut in the fiscal deficit relative to nominal GDP that's expected to expand at a double-digit pace in FY25, one of the officials told ET.