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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 ...
The national debt of India is the money owed by India’s federal government, which is based in New Delhi. The debts of India’s states and local governments are not counted as part of the country’s national debt. According to theInternational Monetary Fund, India’s debt-to-GDP ratio wa...
Top Ten Cities in India by GDP S. N.City2011 GDP (PPP) in USD 1 Mumbai $209 billion 2 Delhi $167 billion 3 Kolkata $150 billion 4 Bengaluru $83 billion 5 Hyderabad $74 billion 6 Chennai $66 billion 7 Ahmedabad $64 billion 8 Pune $48 billion 9 Surat $40 billion 10 Vishakhapatnam...
The outlook is also “clouded by rising tendencies of protectionism which have the potential to undermine global growth and push inflation higher”, it added. RBI has lowered its GDP growth forecast for the fiscal year ending March 2025 to 6.6%, from 7.2% pr...
Likewise, RBI cut down its GDP growth estimates from 7.8 percent to 7.2 percent. Morgan Stanley slashed it from 8.4 percent to 7.9 percent, while Fitch Rating brought it down from 10.3 percent to 8.5 percent. This is said to be a decent GDP growth rate if compared to other countries under...
The RBI projection in its August Monetary Policy Statement for real GDP growth for fiscal year 2023-24 remained unchanged at 6.5%. Domestic economic activity is assessed by the RBI to have remained resilient in the April-June quarter of fiscal year 2023-24, as reflected in high-...
by Jit Kumar NEW DELHI, Sept. 2 (Xinhua) -- India regaining its world's fastest-growing economy status, with its gross domestic product (GDP) zooming to 8.2 percent in the first quarter of this fiscal, has sent a wave of cheers among policy-makers and common man alike. ...
As highlighted in theflowarticle, ‘India’s new growth frontiers’, India is one of the fastest-growing economies in the world. On 9 December 2023, the Reserve Bank of India (RBI) revised its forecast for India’s GDP, projecting a growth rate of 7% for FY24, with Q3 and Q4 expected...
India released its first quarter (Q1) of FY24 GDP data on August 31.�Real GDP growth came in at 7.8 percent y-o-y, broadly in line with RBI�s expectation of 8 percent. India is currently the only major economy globally that is registering a 7+ percent growth rate wh...