At the event, titled GDP Base Revision: Time to Regain Confidence, leading Indian statisticians and economists gathered to discuss concerns about India’s economic data.
World Bank Managing Director for Operations Anna Bjerde said the bank is supporting the government turning the growth into jobs and also sustainable development.
GDP slowed to quarter low of 6.7% against 8.2% in the year-ago period, mainly due to poor showing by farm sector. The previous GDP low was 6.2% in January-March 2023.
Former PM-EAC member Bhalla and ex-CBDT member Arbind Modi exchanged views on India's taxation efficiency, impact of tax cuts and growth potential at CSEP seminar.
The growth rate was much faster than economists' forecasts of 6.6% as seen in a Reuters poll, and higher than revised growth of 8.1% in the previous quarter.
S&P expects India, currently world’s 5th largest economy, to grow at 6.4% this fiscal. In contrast, it expects China’s growth to slow to 4.6% by 2026 from estimated 5.4% this year.
MUMBAI (Reuters) - Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in the first quarter and strong
As the era of easy money ends, the gap between the ability to borrow and the credibility to do so will define fiscal resilience. India still has the chance to strengthen both.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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