India Q1 GDP growth: India’s economic growth slowed to 6.7% year-on-year in the April-June quarter, falling short of the 6.8-7% GDP growth expected by most economists. The slowdown was attributed to reduced government spending during the national elections. However, India maintained its position as the fastest-growing major economy, outpacing China’s 4.7% growth in the same…
NEW DELHI: The International Monetary Fund (IMF) has maintained its global growth projections for 2024 at 3.2% in its latest World Economic Outlook update, released on Tuesday. Despite this, the organization has revised its forecasts for the United States and Japan downward, citing a slower-than-expected start to the year and temporary supply disruptions, respectively.The IMF…
New Delhi: The contribution of the textile industry to the country’s GDP is projected to double to 5 per cent from the current 2.3 per cent by the end of this decade, according to a recent report by CII and Primus Partners. Further, the Gross Value Added (GVA) is expected to see a consistent growth…
NEW DELHI: Union finance minister Nirmala Sitharaman on Friday said that taming inflation to ensure sustained economic growth is the Centre’s “priority”.She was addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII).During her speech, the minister said that elevated interest rates for considerable time hampers recovery, adding that her “priority…
