India’s gross domestic product (GDP) grew 5.4 per cent during July-September 2024, according to the latest official data released on Friday. Though it is the slowest growth in seven quarters, India still remains the fastest major economy in the world. The Q2 FY25 growth of 5.4 per cent is below analysts’ expectations, who had pegged … Read more
Governor of the Reserve Bank of India Shaktikanta Das stated on Saturday that the country’s growth in the first quarter of current fiscal year was less than anticipated because the general elections caused a decline in government expenditure and a downturn in the agriculture sector. India’s gross domestic product (GDP) growth was 6.7 per cent … Read more
According to the 2024 Barclays-Hurun India report on the most valuable family businesses in the nation, the Ambani family has topped the inaugural Barclays-Hurun India most valuable family businesses list. Their valuation of Rs 25.75 trillion is nearly equal to one-tenth of India’s GDP. The main industries served by the family’s corporate empire, Reliance Industries, … Read more
Gross Domestic Product (GDP) serves as a crucial measure to estimate the total value of goods and services produced by a nation within a specified period, typically a quarter or a year. In this comprehensive guide, we will explore the methods of calculating GDP, the key takeaways, and the significance of real GDP in understanding … Read more
The World Bank has decided to maintain its GDP growth forecast for India in the fiscal year 2023-24 at 6.3 percent. This decision comes despite significant external challenges, reflecting India’s strong economic growth. In its April report, the World Bank had previously reduced India’s growth forecast for 2023-24 from 6.6 percent to 6.3 percent. However, … Read more
The gross domestic product (GDP) growth prediction for India by the International Monetary Fund (IMF) has been increased to 6.1% for the current fiscal year. “Growth in India is projected at 6.1% in 2023 (fiscal year 2023-24), a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the … Read more