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Factors That Point To Strong GDP Growth In Coming Quarters: 10 Points
India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.
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Strong Domestic Demand Supporting India's Growth: Morgan Stanley
Morgan Stanley is firm on India's growth outlook, given the support it is getting from domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook.
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GDP Growth Beats Estimates In 3rd Quarter, Economy To Expand 7.6% This Year
India's economy expanded 8.4 per cent in the December quarter from a year earlier, compared with 7.6 per cent growth in the previous quarter, government data showed on Thursday.
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GDP Grew By 7.6% In Q2 Compared To 7.8% In Q1
India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday.
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Q3 Economic Growth Stronger Than Data Suggests: Economists
The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.
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Data Revision Of Past 3 Years Behind Decline In Manufacturing In Q3: Chief Economic Advisor
The National Statistical Office (NSO) on Tuesday revised GDP growth data for the past three years -- 2019-20, 2020-21 and 2021-22 and also released the second advance estimates of GDP for 2022-23.
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7% Growth Forecast For Current Fiscal "Very Realistic": Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Tuesday said high frequency data indicate buoyant economic growth momentum and the 7 per cent GDP growth estimate for the current fiscal is very realistic.
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GDP Growth Rate Slows For Second Quarter, Q3 Growth At 4.4%
India's GDP (gross domestic product) may grow 7 per cent for financial year 2022-23, according to the second advance estimates released by the government today. The Q3 growth rate stood at 4.4%, according to the data released.
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Indices Rise Slightly Ahead Of GDP Data Release
Equity benchmark indices climbed in early trade on Tuesday helped by buying in IT counters and an overall positive trend in global markets.
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Rupee Could Remain Under Depreciation Pressure Due To Widening CAD: Economic Survey
The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.
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India Set to Lose Fastest-Growing Major Economy Tag In 2023
India is set to lose its fastest-growing major economy tag this year, as growth took a hit from weakening demand at home and abroad.
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US Economy Expands At 2.6% In Q3, Grows For First Time This Year
The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed Thursday.
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China's Economy Shows Mixed Recovery As Retail Sales Fall, Unemployment Ticks Up
Chinas long-delayed data showed a mixed recovery in Q3, with unemployment rising and retail sales weakening despite a pickup in growth.
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June Quarter GDP Data Signals Lower Trend Growth: Report
The gross domestic product data indicated that while domestic demand improved in the June quarter, growth was much slower in the sectors hardest hit by the pandemic, signalling deeper scarring and lower trend growth, Nomura said on Friday.
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India 10-Year Bond Yield Rises To 3-Week High; GDP Data In Focus
India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.
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Factors That Point To Strong GDP Growth In Coming Quarters: 10 Points
India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.
-
Strong Domestic Demand Supporting India's Growth: Morgan Stanley
Morgan Stanley is firm on India's growth outlook, given the support it is getting from domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook.
-
GDP Growth Beats Estimates In 3rd Quarter, Economy To Expand 7.6% This Year
India's economy expanded 8.4 per cent in the December quarter from a year earlier, compared with 7.6 per cent growth in the previous quarter, government data showed on Thursday.
-
GDP Grew By 7.6% In Q2 Compared To 7.8% In Q1
India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday.
-
Q3 Economic Growth Stronger Than Data Suggests: Economists
The lower-than-expected growth was led by an upward adjustment in the base year GDP, Pranjul Bhandari, chief India economist at HSBC said, adding that the level of output compared to pre-pandemic quarters continued to improve.
-
Data Revision Of Past 3 Years Behind Decline In Manufacturing In Q3: Chief Economic Advisor
The National Statistical Office (NSO) on Tuesday revised GDP growth data for the past three years -- 2019-20, 2020-21 and 2021-22 and also released the second advance estimates of GDP for 2022-23.
-
7% Growth Forecast For Current Fiscal "Very Realistic": Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Tuesday said high frequency data indicate buoyant economic growth momentum and the 7 per cent GDP growth estimate for the current fiscal is very realistic.
-
GDP Growth Rate Slows For Second Quarter, Q3 Growth At 4.4%
India's GDP (gross domestic product) may grow 7 per cent for financial year 2022-23, according to the second advance estimates released by the government today. The Q3 growth rate stood at 4.4%, according to the data released.
-
Indices Rise Slightly Ahead Of GDP Data Release
Equity benchmark indices climbed in early trade on Tuesday helped by buying in IT counters and an overall positive trend in global markets.
-
Rupee Could Remain Under Depreciation Pressure Due To Widening CAD: Economic Survey
The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.
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India Set to Lose Fastest-Growing Major Economy Tag In 2023
India is set to lose its fastest-growing major economy tag this year, as growth took a hit from weakening demand at home and abroad.
-
US Economy Expands At 2.6% In Q3, Grows For First Time This Year
The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed Thursday.
-
China's Economy Shows Mixed Recovery As Retail Sales Fall, Unemployment Ticks Up
Chinas long-delayed data showed a mixed recovery in Q3, with unemployment rising and retail sales weakening despite a pickup in growth.
-
June Quarter GDP Data Signals Lower Trend Growth: Report
The gross domestic product data indicated that while domestic demand improved in the June quarter, growth was much slower in the sectors hardest hit by the pandemic, signalling deeper scarring and lower trend growth, Nomura said on Friday.
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India 10-Year Bond Yield Rises To 3-Week High; GDP Data In Focus
India's benchmark 10-year bond yield touched a three-week high in early trade, as global crude oil prices rose further raising concerns over the need for the central bank to tighten monetary policy to contain inflation.
