Gross Domestic Product: News
19 Dec 2024
New Zealand'Worst period since 1991': New Zealand sinks into recession
New Zealand is facing its worst economic downturn since the COVID-19 pandemic, with the country's Gross Domestic Product (GDP) unexpectedly plummeting by 1% in the third quarter of 2024.
17 Dec 2024
InflationQ2 GDP slowdown was a temporary blip: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman informed the Lok Sabha on December 17 that the government views the GDP growth slowdown in Q2FY25 as a "temporary blip" and expects improvement in the coming quarters.
06 Dec 2024
InflationRBI lowers FY25 GDP growth forecast from 7.2% to 6.6%
The Reserve Bank of India (RBI) has lowered its growth projection for India's Gross Domestic Product (GDP) for the fiscal year 2025.
29 Nov 2024
Indian GovernmentIndia to introduce new GDP, CPI series by February 2026
India will introduce a new series of Gross Domestic Product (GDP) and Consumer Price Index (CPI) by February 2026, Saurabh Garg, Secretary of the Ministry of Statistics and Programme Implementation (MoSPI), announced on Friday.
India's Q2 GDP growth shrinks to 5.4%, lowest in 7-quarters
India's Gross Domestic Product (GDP) growth fell to a seven-quarter low of 5.4% in the second quarter of FY25, data released by the Ministry of Statistics and Programme Implementation today showed.
01 Sep 2024
Reserve Bank Of India (RBI)SBI lowers FY25 forecast as Q1 growth falls below expectations
India's Gross Domestic Product (GDP) growth for the first quarter of the fiscal year 2024-25 has slowed down to 6.7%, the lowest in the last five quarters.
30 Aug 2024
ICRAIndia's Q1FY25 GDP growth decelerates to 5-quarter low at 6.7%
India's gross domestic product (GDP) growth for the first quarter (April-June) of the current financial year 2024-25 has dipped to a five-quarter low of 6.7%, government data released on Friday has revealed.
23 Jul 2024
Nirmala SitharamanSitharaman presents Modi 3.0's first budget: What to expect?
Finance Minister Nirmala Sitharaman began presenting the Union Budget 2024 in the Lok Sabha on Tuesday.
22 Jul 2024
Economic SurveyIs India's growth stalling? Economic Survey projects slower FY25 pace
India's real Gross Domestic Product (GDP) is expected to grow between 6.5% and 7% in the fiscal year 2024-25, as per the Economic Survey presented by Union Finance Minister Nirmala Sitharaman on Monday.
19 Jul 2024
Andhra PradeshBudget 2024: What economic analysts expect from Modi government
Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 in the Lok Sabha on July 23.
07 Jun 2024
Monetary Policy CommitteeRBI ups India's GDP growth forecast to 7.2% for FY25
The Reserve Bank of India (RBI) has revised its real gross domestic product (GDP) projection for the fiscal year 2024-25 to 7.2%, a slight increase from the earlier estimate of 7%.
India's GDP exceeds expectations with 7.8% growth in Q4
India's gross domestic product (GDP) has surpassed analysts' predictions, registering a growth of 7.8% in the final quarter of FY24, as per data from the Ministry of Statistics and Programme Implementation (MOSPI).
14 Apr 2024
GSTStates' fiscal deficit for FY24 expected near 3.1% of GDP
Citi Research has forecast that the fiscal deficits of states for the financial year 2023-24 (FY24) will align with the original budgeted estimate of 3.1% of the Gross Domestic Product (GDP).
12 Apr 2024
ChinaMoody's Analytics forecasts 6.1% GDP growth for India in 2024
Moody's Analytics has predicted a 6.1% growth rate for India's economy in 2024, indicating a slowdown from the previous year's expansion of 7.7%.
18 Mar 2024
Morgan StanleyIndia's growth unlikely to match China's historic levels: Morgan Stanley
Morgan Stanley's Chief Asia Economist, Chetan Ahya, suggests that India may not match China's historic growth rates of 8-10%.
15 Mar 2024
Arvind SubramanianArvind Subramanian questions latest GDP numbers, calls it 'mystifying'
Former Chief Economic Adviser to the Government of India, Arvind Subramanian, has called into question India's latest gross domestic product (GDP) figures, describing them as "mystifying" and not adding up.
06 Mar 2024
IndiaIndia to become upper-middle-income nation by 2031: What it means
India's economy is on track to grow by 6.8% in FY25 and achieve upper-middle-income status by 2031, as per rating agency CRISIL.
04 Mar 2024
Delhi GovernmentAAP announces Rs. 1,000 monthly assistance to all Delhi women
The Delhi government on Monday announced the "Mukhyamantri Samman Yojna"—a scheme providing monthly assistance of Rs. 1,000 to all women over 18 years in the national capital.
04 Mar 2024
IndiaMoody's raises India's GDP growth forecast for 2024 to 6.8%
Moody's Investors Service has raised India's GDP growth forecast for 2024 to 6.8%, up from 6.1% predicted in November 2023, due to increased government capital spending and a thriving manufacturing sector.
29 Feb 2024
IndiaIndia's GDP grows by 8.4% in October-December quarter
The Union Ministry of Statistics and Programme Implementation has revealed the gross domestic product (GDP) figures for the October-December quarter.
18 Feb 2024
United KingdomMore than 100 MPs may resign before UK parliamentary polls
The Conservative Party, under the leadership of United Kingdom (UK) Prime Minister Rishi Sunak, is allegedly on the brink of facing a mass exodus.
16 Feb 2024
Goldman SachsIndia's economy to grow above 6% this decade: Goldman Sachs
Goldman Sachs's India economist, Santanu Sengupta, predicts that India's economic growth could surpass 6% for the remainder of the decade.
26 Jan 2024
United States of AmericaUS GDP exceeds expectations with 3.3% growth in Q4
The US economy showed its strength in the last quarter of 2023 with a GDP growth of 3.3%, convincingly beating the 2% prediction.
17 Jan 2024
ChinaChina's debt-to-GDP ratio reaches record high of 286%
China's debt-to-GDP ratio, a crucial measure of the country's debt compared to its economic output, has hit a record high of 286.1% in the last quarter of 2023, as reported by Bloomberg.
17 Jan 2024
ChinaChina's GDP grows 5.2% in 2023, exceeding government target
China's economy saw a growth of 5.2% in 2023, surpassing the government's target of around 5% yearly growth.
15 Jan 2024
GermanyGermany's economy shrank 0.3% last year
Germany, the economic powerhouse of the eurozone, experienced its first economic contraction since the onset of the COVID-19 pandemic, according to official data released by Germany's Federal Statistical Office (Destatis) on Monday.
05 Jan 2024
IndiaGovernment estimates India's GDP growth at 7.3% for FY24
India is predicted to see a 7.3% growth in its gross domestic product (GDP) for the fiscal year 2023-24, as reported by the Ministry of Statistics and Programme Implementation today.
05 Jan 2024
United Nations (UN)India, world's fastest-growing economy, to grow at 6.2%: UN
India's economy is on track for a 6.2% growth in 2024, as per the United Nations World Economic Situation and Prospects (WESP) 2024 report.
28 Dec 2023
IndiaIndia might remain fastest-growing major economy next year: Assocham
India is on track to retain its title as the world's fastest-growing major economy in 2024.
26 Dec 2023
IndiaIndian economy is likely to grow by 6.7% in FY24
India's economy is predicted to grow by 6.7% in FY24, according to a median forecast of 11 economists, as reported by the Economic Times.
22 Dec 2023
United KingdomUK economy shrinks in Q3, raising recession fears
The United Kingdom's economy has shrunk by 0.1% in the third quarter, as per updated official data, raising concerns about a possible recession.
20 Dec 2023
IndiaDecoding India's economic growth: Key contributing sectors and future outlook
India's economic performance has been impressive lately, marked by a solid 7.8% growth in the first quarter and sustained momentum with a strong 7.6% growth in the second quarter of the current fiscal year.
13 Dec 2023
United KingdomUK's economy shrinks by 0.3% in October
The United Kingdom's economy took an unexpected hit in October, with the gross domestic product (GDP) dropping by 0.3%, as reported by the UK's Office for National Statistics (ONS).
11 Dec 2023
Axis Bank LtdAxis Bank estimates India's potential growth to be around 7%
Axis Bank's Chief Economist, Neelkanth Mishra, predicts a robust 7% or higher GDP growth for India in FY24, despite potential global challenges that could slow down growth in FY25.
19 Nov 2023
Narendra ModiIndia's GDP crosses $4 trillion mark: Reports
India has made its way into the top four nations globally in terms of gross domestic product (GDP) after crossing the $4 trillion mark on Sunday, according to reports.
13 Nov 2023
IndiaIndia's GDP to grow 6.5% in FY24, FY25: Morgan Stanley
Morgan Stanley Research on Monday forecasted a 6.5% economic growth for India in FY24 and FY25, attributing this growth to solid domestic fundamentals.
03 Oct 2023
World BankWorld Bank keeps India's GDP growth unchanged at 6.3%
The World Bank has opted to retain the economic growth forecast for India at 6.3% in the fiscal year (FY) 2023-24, despite the nation grappling with significant external challenges, Economic Times reported.
23 Aug 2023
Xi JinpingXi Jinping's mysterious absence at BRICS Business Forum raises questions
Chinese President Xi Jinping's "unexplained" absence from a scheduled key speech at the BRICS Business Forum in Johannesburg, South Africa, has sparked rumors about his health and political standing.
27 Jun 2023
Reserve Bank Of India (RBI)India's current account deficit shrinks sharply to 0.2% of GDP
India's current account deficit (CAD) fell to $1.3 billion or 0.2% of the Gross Domestic Product (GDP) in the fourth quarter of the fiscal year 2022-23, per the Reserve Bank of India (RBI).
17 Jun 2023
Ranil WickremesingheSri Lankan president to visit India, may seek financial support
Sri Lankan President Ranil Wickremesinghe is set to visit India on July 21 for the first time since the country's political chaos and economic crisis last year.
15 Jun 2023
New ZealandNew Zealand slips into recession, currency drops
As per the government data published on Thursday, New Zealand reported a 0.1% drop in gross domestic product (GDP) in the first quarter, as its central bank decided to embark on one of the most aggressive rate hike cycles in the world.
08 Jun 2023
EuropeEurozone enters recession after GDP contracts for second consecutive quarter
After defying predictions of recession multiple times, the eurozone economy finally slipped into a technical recession in the first quarter of 2023.
25 May 2023
GermanyGermany enters recession after a second consecutive GDP contraction
Germany, the biggest economy in Europe, shrunk in the first quarter of 2023 compared to the previous three months. The gross domestic product (GDP) fell 0.3%, thereby marking the country's entry into recession.
17 May 2023
IndiaIndia to become world's fastest-growing economy in 2024: UN
India's economic growth is expected to be the fastest in the world in 2024 amid economic challenges faced by other South Asian nations, a new report by United Nations (UN) said.
