The Real GDP or GDP at Constant Prices is projected to reach Rs 184.88 lakh crore in FY 2024-25. (AI image) India’s GDP growth for the financial year 2024-25 will likely slow down to 6.4% as compared to 8.2% in the previous fiscal, as per the first advance estimates of GDP released by the National…
NEW DELHI: Union commerce and industry minister Piyush Goyal on Thursday said he was confident of growth being back on track by the end of the fiscal year, overcoming global uncertainties.“We had elections in the first quarter and during the polls, obviously policy making and decisions on next steps of growth or infrastructure spending does…
NEW DELHI: Making a strong pitch for ‘one nation, one election,’ former President and chairman of the committee Ram Nath Kovind on Wednesday said that the central government “will have to build consensus” for the implementation of ONOE.While voicing support for holding simultaneous elections to the state assemblies and the Lok Sabha in the country,…
Finance minister Nirmala Sitharaman (File photo) NEW DELHI: Asserting that September quarter growth numbers do not indicate a systemic slowdown, finance minister Nirmala Sitharaman on Friday said that economic activity will pick up in third quarter and India will remain the fastest growing major economy over the next few years.“The fourth quarter, which was very…
The slump in growth has also sharpened the debate over whether the central bank is doing enough to support the world’s fastest-growing major economy. One of India’s worst GDP growth misses in recent memory is suddenly adding more pressure on central bank Governor Shaktikanta Das, who still hasn’t gotten an extension even though his term…
NEW DELHI: Goods and services tax (GST) collection rose 8.5% to Rs 1,82,269 crore in Nov, the fourth highest since the new regime kicked in over seven years ago.The growth in Nov, based on transactions in Oct, was driven by domestic consumption, rising 9.4% to just under Rs 1.4 lakh crore, while imports saw a…
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…
