NEW DELHI, June 7 (Xinhua) -- The World Bank Tuesday cut India's economic growth forecast for the current fiscal to 7.5 percent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. "In India, growth is forecast to edge down to 7.5 percent in the fiscal ...
Next release Days Actual Forecast Previous Overview Chart History WidgetIndia's Fiscal Balance reflects the utilization of financial resources by the Indian government or public sector. The balance data is published by the Office of the Controller General of Accounts (CGA) at the end of the fisca...
The International Monetary Fund has raised its growth forecast for India, saying the country's growth will remain strong in 2023 and 2024 — but analysts warn there will be headwinds ahead. According to the IMF'sOctober update of its World Economic Outlook., India's economy will grow 6.3%...
After rapid economic growth of 7.2% in the 2022-23 fiscal year, economic momentum has remained strong in the first half of 2023. The S&P Global India Services PMI Business Activity Index for July signalled continued rapid expansion in output and new orders, while ...
The two methods of estimating economic activity are decoded as follows. On the expenditure side, the slowdown in investments and exports were key factors weighing on the economy. Gross fixed capital formation (GFCF), a key driver of economic growth, slowed down to 5.4%. This was partly due ...
On October 22, 2024, the International Monetary Fund (IMF) released their new World Economic Outlook. Growth was projected to hold steady at 3.2 percent in 2024, with emerging markets and developing economies remaining robust...
forecast The chart of the entire available history of the "India Foreign Exchange Reserves" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates. A significant deviation of a real value from a forecast one may cause a short...
(October2023)hasoutlineddifferentscenarios.Underitsbaselineforecast,BrentcrudepriceisexpectedtoaverageUS$90/bbl.inthecurrentquarter(October-December2023)beforedecliningtoanaverageofUS$81/bbl.nextyear(2024)asglobaleconomicgrowthslows.Thismaybemodifiedduetodisruptionswhicharescaledas‘small’,‘medium’and‘large’...
India’s central bank on Friday sharply cut its growth forecast for this year, confirming a slowing trend in what has been one of the world’s fastest-growing economies. But theReserve Bank of Indiakept its benchmark policy interest rate unchanged at 6.5 per cent, citing an unexpected increas...