Real GDP growth or Gross Domestic Product (GDP) growth of India at constant (2011-12) prices in the year 2023-24 is estimated at 8.15 percent compared to the growth rate of 6.99 percent in 2022-23. In 2022-23, India has recorded the 2nd highest growth rate in past 7 years. GDP grow...
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-...
S&P Global Ratings anticipates solid consumer and investment dynamics will propel India's real GDP growth to 6.4% in fiscal 2024, 6.4% in fiscal 2025 and 6.9% in fiscal 2026. The NIFTY 50, which represents the weighted average of 50 of the ...
In March 2024, India launched its first artificial intelligence‑enabled customs duty application, Cusbuzz, in an attempt to simplify customs processes. The application provides users with real‑time access to data such as customs tariffs, cess, exemption notifications and integrated goods and servi...
Basic StatisticU.S. monthly inflation rate 2024 Basic StatisticInflation rate in India 2029 Basic StatisticNumber of civilian casualties during the war in Ukraine 2022-2024 Basic StatisticU.S. real GDP growth by quarter Q2 2013- Q2 2024
Published by Aaron O'Neill, Nov 28, 2024 India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is hel...
(7.2%). Services exports surged 21.3%. Between April and October 2024, total services exports stood at US$216 billion, compared to US$192 billion in 2023. This growth is crucial given the sector’s significant contribution to India’s GDP and employment, specifically for the urban middle-...
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AspertheNationalStatisticalOrganization(NSO),realandnominalGDPgrowthin1QFY24turnedouttobe7.8%and8%respectively.TheGVAdataindicatedthatmanufacturinggrowthremainedrelativelylowat4.7%in1QFY24,partlyreflectingtheeffectoftheglobaleconomicslowdown.Withinservices,althoughthequarterlyrealgrowth(y-o-y)ofthetrade,hotels,transpor...
India is one of the fastest-growing economies in the world, driven primarily by its service, industrial, and agricultural sectors. It was projected to be the world’s fifth-largest economy in terms ofnominal gross domestic product (GDP)as of May 2024.1 ...