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Tuesday, November 5, 2024
TopicFiscal year

Topic: Fiscal year

India’s defence industry logs record growth in FY 2023-24

Value of defence production soars 16.7% from previous fiscal year to Rs 1,26,887 crore.

India’s GDP on track to grow by 8% or more in quarter ending March 31, says FM Nirmala Sitharaman

Economy is expected to show same rate of yr-on-yr expansion for 2023-24 financial year, she added, citing impact of improved inflation management & macroeconomic stability.

World Bank maintains India’s GDP growth forecast at 6.3%

This fiscal, bank credit in India grew 15.8% in the first quarter compared with 13.3% in the first quarter of the previous fiscal.

‘Rebound after second wave subdued than expected’: Fitch cuts India’s GDP forecast to 8.4%

Fitch had previously forecast growth of 8.7% in 2021-22. However, it has raised the economic growth projection for the next financial year to 10.3%, from previous forecast of 10%.

Gross advanced tax collection falls by 31% in first quarter of fiscal year

The advance corporate tax mop-up declined by 79% as well due to the three-month long lockdown imposed due to coronavirus.

Indian economy to shrink by 3.2% in fiscal year 2020-21: World Bank

While the World Bank downgraded its projection of India by a massive negative 9%, it also said the economy is expected to bounce back in 2021.

India’s per-capita income rises 6.8 per cent to Rs 11,254 a month in FY20

Data on the annual national income and GDP 2019-20 was released by the Ministry of Statistics and Programme Implementation. The per-capita income is a crude indicator of a country's prosperity.

India’s top broker sees profit growth revival on policy changes

Government's policy changes to tackle sour debt may spell growth for the next three fiscal years.

Trade tensions no bar as India, South Asia set to retain spring in growth, says ADB

The bank said India's economy was on track to meet fiscal year 2018 projected growth of 7.3% and accelerate to 7.6% in 2019. 

On Camera

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

As IDF unveils robotic combat task force, Israeli maker says open to working with India

Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.