Gross Domestic Product

Thursday, Apr 18, 2024 | Last Update : 09:18 PM IST

All economic indicators in the fourth quarter showed that economic activities had sustained the momentum. (Photo: Twitter)

AA Edit | Economy in the right direction

PM Narendra Modi said that the 2022-23 GDP growth figures underscores the resilience of the Indian economy amidst global challenges

02 Jun 2023 12:10 AM

Though the GDP numbers grew with low base effect, there are also other significant reasons which suggest a recovery in the economy. (Twitter)

Sign of recovery? GDP sees rise of 20 per cent in April-June

Briefing to the media about the GDP numbers, chief economic adviser KV Subramanian said that the data is an indicative of economic recovery

01 Sep 2021 6:53 AM

India's GDP to contract 16.5 pc in Q1 as pandemic spreads, says SBI report. (Representative Image)

GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI report

The degrowth in corporate gross value added has been significantly better than revenue degrowth in Q1 FY21

18 Aug 2020 10:18 AM

Singapore cuts 2020 GDP outlook again as virus batters economy. (AFP Photo)

Singapore cuts GDP outlook again as virus batters economy

Singapore’s economy shrank 0.7% year-on-year in the first quarter and 4.7% on a quarter-on-quarter

26 May 2020 9:00 AM

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

Govt pegs GDP growth at 5 per cent for current fiscal

GDP growth stood at 4.8 per cent for the first half of the current fiscal year.

08 Jan 2020 1:23 AM

"We have lowered our 2019 gross domestic product (GDP) growth forecast for India to 5.6 per cent, which is lower than 7.4 per cent growth in 2018," Moody's said in a report.

Moody's cuts India's GDP growth forecast to 5.6 pc for 2019

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

13 Dec 2019 1:51 PM

Reserve Bank of India's Monetary Policy Committee decided to cut benchmark lending repo rate by 0.25 per cent to 5.15 per cent in a bi-monthly meeting in Mumbai on Friday.

RBI cuts repo rate by 0.25 per cent to support growth

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

04 Oct 2019 12:08 PM

Crude oil benchmark, Brent crude futures, surged by almost 20 per cent to USD 71.95 per barrel (intra-day) on Monday after twin drone attacks on Saturday wiped out more than half of Saudi Arabia's crude supply.

Emerging economies like India more vulnerable to big oil price moves: Report

According to the report, when rise in oil prices are driven more by supply-side factors it is more damaging to large net oil importers.

17 Sep 2019 3:00 PM

The increase of GDP is very similar to the increase in the weight of the body.

Does GDP really double on its own in 5 years?

This is the Modi 2.0 government targeting to increase the GDP by 86 per cent in five years.

27 Aug 2019 12:08 AM

Reacting to the announcement, MSME Minister Nitin Gadkari said clearing GST dues within 30 days will be highly beneficial for the MSME sector and will also be instrumental in increasing job opportunities. (Photo: File | ANI)

MSMEs to get pending GST refunds within 30 days: FM

In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala Sitharaman.

23 Aug 2019 8:28 PM

"These are certainly issues that Arvind Subramanian must certainly have raised while he was working as CEA, though by his own admission, he has taken time to understand India's growth numbers and is still unsure", the EAC-PM said.

Government to come out with rebuttal of ex-CEA's claims on GDP numbers

Arvind Subramanian, in a paper, said India's economic growth rate has been overestimated by around 2.5 percentage points.

12 Jun 2019 4:44 PM

The MoSPI said Subramanian's overestimation of India's GDP growth is primarily based on an analysis of indicators, like electricity consumption, two-wheeler sales, commercial vehicle sales using an econometric model and associated assumptions. (Photo: ANI | File)

Government dismisses Ex-CEA's claim, says accepted norms used for GDP estimation

India's GDP growth rate should be about 4.5 pc instead of official estimate of 7 pc, Arvind Subramanian had said.

12 Jun 2019 2:10 PM

Regulatory actions proposed by the RBI to tackle the liquidity problems, and the asset liability mismatches will lead to the dip in loan growth by the companies, the report said.

GDP growth may accelerate to 7.2 per cent in FY20: Report

Goldman Sachs report said it expects an acceleration in GDP to 7.2 per cent.

07 Jun 2019 3:27 PM

Data for January-March quarter:2018-19 indicate that domestic investment activity has weakened and overall demand has been weighed down partly by slowing exports, the RBI said. (Representational Image)

RBI lowers economic growth forecast to 7 pc for FY20

Weak global demand due to escalation in trade wars may further impact India's exports and investment activity, said RBI.

06 Jun 2019 12:41 PM

CII President Vikram Kirloskar said the private sector is facing difficulty in getting land for manufacturing units and the states have a huge role to play and there is a need to create land banks. (Photo: File | Youtube screengrab)

India Inc pitches for land and labour reforms to achieve double-digit growth

To target GDP growing up to 10 per cent by 2023-24, the total investment requirement is estimated at USD 5.74 trillion.

03 Jun 2019 6:40 PM

BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda, IHS Markit said in a note on election verdict.

PM Modi's big win signals strong Indian GDP growth will continue

The key economic challenge now is to continue reforms, brokerages and economists said on Thursday.

23 May 2019 8:17 PM

Veteran industrialist and Godrej Group Chairman Adi Godrej said the new government is expected to take steps to ensure that India's gross domestic product (GDP) growth improves.

Stable government to boost economic growth, foreign fund flow: India Inc

Riding on a massive Narendra Modi wave sweeping through most parts of India, the BJP seems set to return to power

23 May 2019 12:34 PM

In its monthly economic report for March, the Finance Ministry said monetary policy has attempted to provide a fillip to the growth impulse through cuts in repo rate and easing of bank liquidity. (Representational Image)

Economic growth may have slowed in 2018-19: Finance Ministry

The Ministry, however, said that India continues to remain fastest growing major economy and is projected to grow faster.

03 May 2019 11:17 AM

India Ratings, a Fitch group company had earlier projected India's gross domestic product growth at 7.5 per cent.

India Ratings lowers country's GDP growth projection for FY20 to 7.3 pc

Key reasons for downward revision are prediction of lower-than-normal monsoon for 2019 and continued agrarian distress.

01 May 2019 2:50 PM

Analysts polled by Reuters expect China to report gross domestic product (GDP) grew 6.3 per cent in the January-March quarter from a year earlier, the slowest pace since the first quarter of 1992, the earliest quarterly data on record.

China first-quarter GDP growth seen cooling to 6.3 per cent: Report

In March, Beijing announced billions of dollars in additional tax cuts and infrastructure spending on top of measures last year.

15 Apr 2019 1:18 PM

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Syed Ata Hasnain