May 27, 2024, 07:47 AM - 2 mins read
Goldman Sachs revised India's 2024 GDP growth forecast to 6.7%, citing sustained infrastructure investments fueled by a higher-than-expected RBI dividend.
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May 25, 2024, 11:23 PM - 2 mins read
India's GDP growth for the fourth quarter of FY 2023-24 is projected between 6.1-6.7%, lower than previous quarters. Economists anticipate full-year growth around 7.6-7.8%. FY 2024-25 may see 6.6% growth with rural consumption rise. Overall, forecasts range from 6.2% to 7.8% for Q4.
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May 14, 2024, 11:24 PM - 2 mins read
Moody’s anticipates strong credit demand and robust economic growth to strengthen the profitability of non-bank finance companies (NBFCs). According to Moody's, the Indian economy is expected to have expanded by 8% in the 2023-24 fiscal year.
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May 10, 2024, 02:26 AM - 3 mins read
Khara said, "The bank's commitment to supporting growth across conventional industries and highlighted the multiplier effect of infrastructure spending on overall investment" Sectors such as batteries, electric vehicles (EVs), and semiconductors are anticipated to drive funding demand in the coming year.
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April 25, 2024, 11:49 PM - 2 mins read
Nathan Sheets, Global Chief Economist at Citi, stated, "So far we've been marking up growth for the global economy in a number of places including major economies like the U.S. and China, Europe to some extent as well. So it's feeling solid."
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April 19, 2024, 02:20 AM - 2 mins read
Seth attributed India's economic success to sustained consumption and investment demand, underpinned by a proactive approach to reforms and sustainable growth initiatives
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April 17, 2024, 07:09 AM - 2 mins read
Speaking at a book launch event, Subbarao drew attention to India's position as the poorest among BRICS and G-20 nations, despite its growing economic stature.
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April 12, 2024, 12:54 AM - 2 mins read
The Reserve Bank of India (RBI) resonates with ADB's growth projections for the current fiscal year, foreseeing a GDP growth rate of 7 per cent. This optimism is fueled by expectations of a normal monsoon, easing inflationary pressures, and sustained momentum in manufacturing and services sectors. Factors such as increased capital expenditure on infrastructure, private corporate investment, and a robust service sector are anticipated to drive growth in FY2024.
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April 11, 2024, 10:57 PM - 2 mins read
Moody's report emphasized India's large and diversified economy, high growth potential, relatively sound external position, and stable domestic financing base for government debt. However, it also noted challenges such as high general government debt, weak debt affordability, and low per capita income.
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April 1, 2024, 12:22 AM - 2 mins read
The Indian economy with a GDP growth of 6.8 per cent is expected to remain the fastest-growing large economy in the current fiscal. The growth will, however, moderate from 7.6 per cent expected in 2023-24 as high interest rates and lower fiscal impulse to growth will temper demand, according to Crisil.
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March 28, 2024, 02:32 AM - 2 mins read
The report identified sector-specific reasons for project delays. In railways, challenges like land acquisition delays, protests by affected landowners, and approval bottlenecks hinder progress. Similarly, road projects encounter obstacles like utility shifting delays, forest clearances, and design flaws. Highlighting the government's adaptability, the report underscored a shift in infrastructure development strategies.
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March 27, 2024, 01:07 AM - 2 mins read
In its "Economic Outlook Asia-Pacific report," S&P Global highlighted several factors expected to influence India's economic trajectory in the coming year. Among these factors are anticipated higher interest rates, a crackdown on unsecured lending, and efforts to reduce the fiscal deficit.
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