Icra, in its note, projected the year-on-year (YoY) expansion of the GDP to rise to 6.9 per cent in Q4 FY 2025, from 6.2 per cent in Q3 FY 2025, significantly undershooting the NSO implicit estimate of 7.6 per cent for the quarter.
In its Economic Outlook for Asia-Pacific (APAC), S&P said that despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
Dr. Rumki Majumdar from Deloitte India said that India’s economy is emerging with resilience as the dust settles after a high-stakes elections period.
India’s economic performance in the April-June quarter, though slightly below expectations, continues to demonstrate the resilience that has positioned it as the world’s fastest-growing major economy. With a GDP growth of 6.7 per cent year-on-year, India outpaced China’s 4.7 per cent growth during the same period.
As China’s rubber-stamp parliament convenes in Beijing, the world watches with a mix of anticipation and concern, dissecting the economic roadmaps and power dynamics laid bare in the highstakes political theatre.
Real GDP is estimated to attain a level of Rs 171.79 lakh crore, as against the Provisional Estimate of GDP for the year 2022-23 of Rs 160.06 lakh crore, released on 31 May, 2023.
Modi reiterated that India’s growth story is based on the government’s top priority to policy, good governance and the welfare of the citizens.
The Indian economy emerges as a beacon of resilience, standing strong despite the headwinds of a global economic slowdown.
Despite high-income countries claiming that they have achieved green growth and reduced carbon emissions, a new Lancet study has challenged…
Ramesh said, "With growing inequality, even this disappointing GDP growth of 6% will not lead to rising incomes for the vast majority of Indians".
