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Recent statistics about Indian Economy (Part 3/3)
As per the recent reports, Q3 of FY 2022-23 has experienced lower growth rate than the previous quarters. GST collection is also 5% lower in February than in January. Look at the catalogues for more details.
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What is DISTRICT DOMESTIC PRODUCT (DDP)? BENEFITS?
November 05 Introduction Have you ever wondered how we measure a country's economy? We use GDP, or Gross Domestic Product, which shows the total value of goods and services made in the whole country. But what if we zoom into smaller areas, like districts? That's where District Domestic Product (DDP) comes in. It's like GDP but for each district in a state or country. In India, DDP is gaining attention as a way to understand local economies better. This article explains what DDP is, if it's coming soon, its benefits, and why it...
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How will India's economy grow?
September 19
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What is Tax elasticity and Tax buoyancy?
September 09 Tax Buoyancy Tax buoyancy tracks the percentage change in tax revenue against a 1% change in nominal GDP. It reflects the change in the Tax collection with the change in the national income or the GDP. Formula: Tax Buoyancy = (% Change in Tax Revenue) / (% Change in Nominal GDP) A buoyancy of 1 implies revenues match GDP growth; above 1 signals a robust system (e.g., via aggressive reforms); below 1 warns of leakages, evasion, or structural weaknesses. In India, post-2017 GST, buoyancy for direct taxes has...
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What is the PMI Index?
June 04 WHAT? The Purchasing Managers' Index (PMI) is an economic indicator derived from monthly surveys of private sector companies. It reflects the prevailing direction of economic trends in manufacturing and services sectors. Who publishes PMI in India? Compiled by: S&P Global (formerly IHS Markit) Published for India by: S&P Global Not released by government bodies like MOSPI or RBI Types of PMI in India PMI Type Sector...
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Strengths and Weakness of Indian Economy
June 03 SUMMARY The article "Towards an Indian Growth Model" from The Hindu Business Line advocates for a development strategy tailored to India's unique strengths and challenges, moving beyond traditional Western economic models. Key points include Domestic Demand-Driven Growth: India's economy has been significantly propelled by domestic consumption, accounting for 64% of its GDP, surpassing figures in Europe, Japan, and China. This consumption-led approach has fostered a robust middle...
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Datanomics: India closes in on Japan to be fourth-largest economy this year
May 31 SUMMARY India has officially overtaken Japan to become the world's fourth-largest economy, marking a significant milestone in its economic ascent. Key Highlights GDP Milestone: India's nominal GDP has reached approximately $4.187 trillion for the fiscal year 2025–26, slightly surpassing Japan's $4.186 trillion, according to IMF projections. Rapid Growth: In the January–March 2025 quarter, India's economy grew by 7.4% year-on-year, exceeding expectations and...
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India’s GDP likely grew by 7% in Q4FY25; current fiscal year GDP to settle at 6.3%: Report
May 30 SUMMARY India's GDP growth for the fourth quarter of FY2024–25 is projected to be around 7%, driven by robust rural demand, increased government spending, and improved agricultural output. However, the full fiscal year growth is expected to settle at approximately 6.3%, slightly below earlier estimates. Q4 FY2024–25 Growth Estimates Reuters projects 6.7% growth, citing stronger rural consumption and state expenditure, despite subdued private investment. ICRA estimates...
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