New Delhi: NITI Aayog on Thursday released a comprehensive report on the crucial role of secure, affordable, flexible, and efficient (S.A.F.E.) accommodations for industrial workers in boosting India’s manufacturing sector. India is poised to elevate its manufacturing sector’s contribution to GDP from the current 17 per cent to 25 percent as part of its long-term … Read more
What happens to the world economy and global geopolitics in 2025 will depend significantly on China, the world’s largest exporter and second-largest consumer market. But prevailing assessments of China’s economic health are deeply flawed. The headlines in 2024 have been mixed. China’s GDP is growing, though the precise rate is always a matter of debate. … Read more
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 percent for the current fiscal, as against earlier projection of 7.2 per cent. The Reserve Bank of India (RBI) maintained the status quo on … Read more
New Delhi: Chief Economic Advisor V Anantha Nageswaran on Thursday said economic activity in some sectors have picked up pace during October-November and a GDP growth of 6.5-7 per cent in the current fiscal is feasible. He also said that the 5.4 per cent second quarter GDP growth estimate could be revised upwards going forward, … Read more
Last Updated:December 02, 2024, 20:40 IST The government has announced its decision to change the base year for GDP calculation from 2011-12 to 2022-23. The base year is a benchmark for calculating GDP by eliminating the effects of inflation, allowing for a comparison of economic growth over time. The government on Monday announced its decision … Read more
Mumbai: The rupee plunged 13 paise to settle at a fresh all-time low of 84.60 against US dollar on Friday, dragged down by unabated foreign fund outflows even as weak domestic macroeconomic data jolted the overall sentiment. Forex traders said, dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while, the … Read more
New Delhi: India’s GDP will expand 6.5-7 percent annually in the next three fiscal years (2025-2027), and the country’s good economic growth prospects will continue to support banks’ asset quality, according to a new report. India’s infrastructure spending and private consumption will support robust economic growth, said S&P Global Ratings in its latest global bank … Read more
New Delhi: India’s growth story remains intact as its fundamental drivers – consumption and investment demand – are gaining momentum, the RBI Governor Shaktikanta Das has stressed, adding that the country is likely to see real GDP growth at 7.2 per cent for FY 2024-25. Prospects of private consumption, the mainstay of aggregate demand, look … Read more
China’s top economic planner has reassured private entrepreneurs it will “spare no effort” to help companies “conquer difficulties”, in Beijing’s latest move to revive the economy. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), hosted a meeting on Friday with representatives from several private companies to learn about business conditions, problems they … Read more
Saudi Arabia (Photo: X) Saudi Arabia announced on Sunday a 0.3-per cent year-on-year decrease in real gross domestic product (GDP) for the second quarter of 2024, mainly due to an 8.9-per cent year-on-year drop in oil activities during the period. The findings were part of a report released by the country’s General Authority for Statistics, … Read more
