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South Korea's economy grew faster than expected in Q4

South Korea's economy grew faster than expected in Q4

Thu, Jan 25, 2024

The Bank of Korea hinted this month that it may pivot towards monetary easing along with its global peers, as the central bank held interest rates steady for an eighth meeting.

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

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

Wed, Jan 10, 2024

India, with a GDP of roughly USD 3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany.

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

Sun, Jan 07, 2024

Discrepancies in the statistical GDP data refer to the difference in national income under production method and expenditure method.

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Real GDP: Indian economy estimated to grow at 9.2 pc in 2021-22, says Government data - Check key stats from NSO

Real GDP: Indian economy estimated to grow at 9.2 pc in 2021-22, says Government data - Check key stats from NSO

Fri, Jan 07, 2022

Releasing the first advance estimates of National Income for 2021-22, the NSO stated, "The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21."

Coronavirus: Spread of Omicron to reduce GDP growth by 10 basis points in FY22, say India Ratings and Research's estimates

Coronavirus: Spread of Omicron to reduce GDP growth by 10 basis points in FY22, say India Ratings and Research's estimates

Thu, Jan 06, 2022

As per India Ratings and Research (Ind-Ra) estimates, rising cases of the Omicron variant of Covid-19 and the subsequent curbs will have an adverse impact on India's Q4FY22 GDP.

Whopping $463 billion! Ahead of LIC IPO, assets of insurance behemoth exceed the GDP of several economies

Whopping $463 billion! Ahead of LIC IPO, assets of insurance behemoth exceed the GDP of several economies

Tue, Jan 04, 2022

LIC is the largest asset manager in India with Rs 36.7 trillion AUM. LIC's AUM on a standalone basis was equal to 18 per cent of India's GDP for FY21.

RBI Monetary Policy December 2021: Key announcements by Governor Shaktikanta Das - GDP, Inflation, Repo Rate, IPO UPI payments and more

RBI Monetary Policy December 2021: Key announcements by Governor Shaktikanta Das - GDP, Inflation, Repo Rate, IPO UPI payments and more

Wed, Dec 08, 2021

- RBI mulls to launch UPI-based payment products for feature phone users, Governor Shaktikanta Das says.

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Tue, Nov 30, 2021

Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

Tue, Nov 30, 2021

India reported an 8.4 per cent growth in its Gros Domestic Product (GDP) for July-September 2021 quarter which is estimated at Rs 35.73 lakh crore at Constant (2011-12) versus 32.97 lakh crore during the corresponding period in FY21 according to a data released by the NSO on Tuesday

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

Tue, Nov 30, 2021

While Barclays forecasts the GDP expansion at 9.6% YoY in Q3CY21 (July-September or Q2 of fiscal year 2021-22) aided by a strong rebound in service sector, HDFC Bank estimated the July-September GDP growth at 7.8% y-o-y. SBI forecasts GDP growth for Q2 FY22 to be around 8.1%

GDP seen growing at 8.3% in September-end quarter, 9.4% in FY22: Report

GDP seen growing at 8.3% in September-end quarter, 9.4% in FY22: Report

Mon, Nov 29, 2021

India Ratings expects the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22.

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Wed, Nov 24, 2021

Real GDP will grow 9.4 per cent in FY22 and decelerate to 7.5 per cent for FY23 as the base effects result in the higher growth in the ongoing fiscal wear-off, according to the report by economists at HDFC Bank released on Wednesday

Q3 GDP Preview: Economy to record double-digit growth (10% y/y) in FY2021-22, anticipates Barclays India

Q3 GDP Preview: Economy to record double-digit growth (10% y/y) in FY2021-22, anticipates Barclays India

Tue, Nov 23, 2021

Barclays India says, "We anticipate the economy will record double-digit growth (10% y/y) in FY2021-22."

India's GDP likely to grow 8.1% in Q2 FY22: SBI research report

India's GDP likely to grow 8.1% in Q2 FY22: SBI research report

Mon, Nov 22, 2021

The projected 8.1 per cent growth rate in Q2 FY22 is the highest growth across all economies, it said.

India's GDP to rise by USD 406 bn by 2050 in net-zero scenario; aims to create 43 mn jobs

India's GDP to rise by USD 406 bn by 2050 in net-zero scenario; aims to create 43 mn jobs

Thu, Nov 11, 2021

At the 2021 Climate Change Conference, also known as COP26, Prime Minister Narendra Modi outlined a net-zero emissions target by 2070 for India.

Strong GDP growth expected in coming quarters: PHDCCI

Strong GDP growth expected in coming quarters: PHDCCI

Sun, Oct 24, 2021

Out of the 12 lead economic and business indicators of QET (Quick Economic Trends), tracked by the industry body, nine have shown an uptick in the sequential growth for the month of September 2021 as compared to six showing the uptrend in August 2021

Indian economy expected to grow 10.5% or higher in FY22: Niti Aayog Vice Chairman Rajiv Kumar

Indian economy expected to grow 10.5% or higher in FY22: Niti Aayog Vice Chairman Rajiv Kumar

Thu, Oct 21, 2021

"India Purchasing Managers' Index (PMI) for both manufacturing and services have shown a very smart uptick last month. This (Indian economy) will strengthen even further," he said.

Moody's upgrades banking system outlook to 'stable'; economic recovery likely to drive credit growth

Moody's upgrades banking system outlook to 'stable'; economic recovery likely to drive credit growth

Tue, Oct 19, 2021

"The pick-up in economic activity will drive credit growth, which we expect to be 10-13 per cent annually. Weak corporate financials and funding constraints at finance companies have been key negative factors for banks but these risks have receded," Moody's said in its 'Banking system outlook - India' report

Fitch cuts India's FY22 GDP growth forecast to 8.7%

Fitch cuts India's FY22 GDP growth forecast to 8.7%

Thu, Oct 07, 2021

Fitch Ratings has cut India's economic growth forecast to 8.7 per cent for the current fiscal but raised GDP growth projection for FY23 to 10 per cent.

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Tue, Oct 05, 2021

Ratings agency Moody's on Tuesday affirmed India's sovereign rating and upgraded the country's outlook to 'stable' from 'negative', citing receding downside risks to the economy and financial system. The sovereign rating by Moody's stands at 'Baa3' -- which is the lowest investment grade, just a notch above junk status

RBI optimistic about 9.5 pc GDP growth estimate for FY22 being met: RBI Governor Shaktikanta Das

RBI optimistic about 9.5 pc GDP growth estimate for FY22 being met: RBI Governor Shaktikanta Das

Thu, Sep 09, 2021

RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the Reserve Bank is quite optimistic about its 9.5 per cent GDP growth estimate for FY2021-22 at present.

India to post strong GDP growth in coming quarters: S&P

India to post strong GDP growth in coming quarters: S&P

Wed, Sep 08, 2021

The economy is expected to clock 9.5 per cent growth in the current fiscal year, followed by 7 per cent expansion in the next year

India's GDP grows 20.1 pc in April-June

India's GDP grows 20.1 pc in April-June

Tue, Aug 31, 2021

The GDP had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21, according to data released by the National Statistical Office (NSO).

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