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
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
COMMENTS