Friday, January 27, 2023

GDP

FY23 fiscal deficit at Rs 17.5 trn: SBI

The upcoming Indian budget for 2023-24 will be a challenging one for the government to follow the roadmap for fiscal consolidation amidst a global environment of declining inflation, said a top economist of State Bank of India in a...

Industry leaders expect GDP to grow at 6.5%

About 60 per cent of the business leaders surveyed were of the view that Indian gross domestic product (GDP) will grow at 6.5 per cent during 2023-24, said Deloitte Touche Tohmatsu India LLP (DTTILLP).In a pre-budget survey by DTTILLP,...

Citi cuts India CAD forecast to below 3% of GDP

Citigroup lowered its projection for India’s current account deficit (CAD) to 2.9% of gross domestic product (GDP) for the current fiscal year, citing the growth in the country’s service exports and a lower oil price forecast.The brokerage had, in...

RBI hikes repo rate;cuts FY23 GDP forecast

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday in a 5:1 decision increased the repo rate by 35 basis points (bps) to 6.25 per cent to contain inflation.The repo rate, also called the policy rate,...

World Bank revises India’ growth to 6.9%

The World Bank today revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks.In its India Development Update, the World Bank said the revision was...

India to be world’s 2nd largest economy by 2050: Gautam Adani

Asia’s richest man Gautam Adani on Saturday said India, which took 58 years to become a trillion dollar economy, will add an equivalent sum to GDP every 12-18 months and will be the world’s second largest economy by 2050.Speaking...

India’s debt ratio to be 84 pc of its GDP: IMF

India’s debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little bit easier to sustain, a senior IMF official...

SL will remain ‘middle-income’ country, Prez office clarifies

Sri Lanka will remain a ‘middle-income’ country, the President’s media division announced on Tuesday, even as it requested the World Bank to grant concessional loans to tide over the unprecedented economic crisis, hours after the cabinet approved a proposal...

WTO cuts trade, GDP forecast for 2023

The World Trade Organization on Wednesday raised the global merchandise trade volumes will grow by 3.5% in 2022—slightly better than the 3% forecast in April. However, it lowered the forecast to 1% for 2023, from the previous estimate of...

‘New India prepared to deal with any threat in healthcare sector’

Union Health Minister Mansukh Mandaviya on Friday underlined the need for de-politicising the discussions on health policy and infrastructure and adopting a more holistic approach across the whole spectrum of the populace.He also asserted that a new India is...