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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3 days ago 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...
4 days ago 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...
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...
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...
March 01 Indian GDP is now ranked 5th in the world. See how this has increased over the time period.
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