Gross Domestic Product (GDP) of India grew by 6.1 per cent in Jan-Mar 2023, surpassing the estimated growth rate of quarter 4 (Q4) of 2022-23 at 5.1 per cent by the Reserve Bank of India (RBI) and 5.5 per cent by SBI research. According to the Reuters poll, Indian economy was ...
According to the IMF World Economic Outlook (October 2024), India's GDP growth rate in 2024 is projected at 7.021%. India is at 7th position out of 194 economies. With a 8.153% expansion in 2023, India is at the 8th position. It is second fastest growing Asian economy. As per the ...
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 July'...
, and expanding digital economy. In terms of consumption growth, this has been boosted by steadily growing disposable incomes and the economic rise of non-metropolitan tier-2 and tier-3 cities. This article delves into the latest data on the top states and sectors receiving FDI in ...
India’s economy: Why the time for growth is now September 27, 2016 | Podcast The driving forces of the country’s growth—including urbanization, a rising middle class, and increasing consumer spending—are ripe for companies to seize upon. India stands to become one of the largest growth ...
In August 2024, the government budget abolished the ‘angel tax,’ which had hindered the growth of startups during early funding stages. A 2% tax levied on digital and e-commerce services provided by foreign companies was also removed, and the corporate tax rate for foreign companies was low...
This is said to be a decent GDP growth rate if compared to other countries under the present circumstances. According to a survey conducted by India's business association the Federation of Indian Chambers of Commerce and Industry (FICCI), the country's GDP is expected to grow 7.4 percent in...
The world will enjoy synchronous growth in the latter half of 2025 with minimal impact of regional or trade wars on global supply chains and the economy. Government changes in the advanced economies do result in some policy shifts, but the implications on trade and investments are limited. These...
EconomyWatch:November2023|6 HomeChart1:PMIandIIPgrowthInOctober2023,bothmanufacturingandservicesPMIremainedathighlevelsof55.5and58.5respectively,althoughtheirratesofexpansiondecelerated.1Growth:PMI Home Chart1:PMIandIIPgrowth InOctober2023,bothmanufacturingand ...
India's economy grew at a rate of 8.2% in fiscal year 2023-2024.This growth was primarily due to strong demand for the country's goods and services in addition to a high level of industrial activity. The country was once a supplier of British tea and cotton. It now has a diversified ...