IMF revises India’s FY25 growth forecast upward to 6.5%
The finance ministry in its economic review before the budget has projected Indian economy to grow close to 7% in FY25. The multilateral institution projected Indian economy to grow 6.7% in FY24. The first advance estimate released by the government earlier this month pegged FY24 growth at 7.3%. Key Points
Economic TimesSurvey shows Congress still in the lead in Karnataka
Congress remains in the lead for the Karnataka assembly election, according to the final opinion poll conducted by C-Voter for ABP News. Congress is projected to win between 110 and 122 seats, with a required tally of 113 to form a simple majority government. BJP is expected to win between 73 and 85 seats, with a stable vote share of 36%. Key Points
Economic TimesIndia expected to grow 6.2 pc in 2024: United Nations report
New Delhi [India], January 5 (ANI): Economic growth in India is projected to reach 6.2 per cent in 2024, slightly lower than the 6.3 per cent estimate for 2023, amid robust domestic demand and strong growth in the manufacturing and services sectors, the United Nations’ World Economic Situation and Prospects 2024 report said on Friday. […] Key Points
ThePrintIndia’s nuclear power capacity to increase by 70% in five years
The country's installed capacity is projected to rise from the current 7.48 GWe to 13.08 GWe by 2029, representing an addition of seven new reactors. Key Points
India TodayInternational Monetary Fund projects Indian economy to grow at 6.1 per cent in 2023
The International Monetary Fund (IMF) on Tuesday projected a growth rate of 6.1 per cent for India in 2023, which is a 0.2 percentage point upward revision compared with the April projection. Key Points
The Tribune India
India to be fastest-growing economy for next three years: S&P Global Ratings
S&P Global Ratings predicts that India will remain the fastest-growing major economy in the next three years, with a growth rate of 6.7%. The report projected a recovery for India's economy with a growth rate of 6% for the current fiscal year, with further growth expected to reach 6.9% in FY25 and FY26. Key Points
Economic TimesIndia’s general govt fiscal deficit pegged at 8.9% in 2023: IMF
The report has projected India’s general government debt to remain largely stable at 83.2% of the GDP in 2023 as against 83.1% of the GDP in 2022. Key Points
FinancialexpressRBI MPC: GDP growth for 2024-25 projected to be 7%, says Gov Shaktikanta Das
RBI MPC announcements: Real GDP for 2024-25 Q1 is projected at 7.1 per cent. The projection has been slightly altered from the 7.2 per cent the apex bank estimated in the February MPC announcements. Key Points
Business TodayRBI MPC announcements: GDP growth for 2024-25 projected at 7%, says Shaktikanta Das
RBI MPC: Real GDP for 2024-25 Q1 is now projected at 7.1 per cent, from 6.7 per cent in the previous announcement in December. Key Points
Business TodayFastest-growing large economy in world, India projected to grow at 6.2 per cent in 2024: UN
The UN World Economic Situation and Prospects 2024 report launched on Thursday. India is projected to grow at 6.2 per cent in 2024, supported by robust domestic d Key Points
The Tribune India
UN economic forecast cites conflicts, sluggish trade, high interest and climate disasters
The United Nations has released a cautious global economic outlook for 2024, citing challenges such as escalating conflicts, slow global trade, high interest rates, and increasing climate disasters. The flagship economic report projects a global economic growth slowdown to 2.4% in 2024, down from an estimated 2.7% in 2023, still below the pre-COVID-19 pandemic level of 3% in 2020. Key Points
Economic TimesWhy the US economy needs more immigrants
A surge in immigration to the United States is projected to impact the economy, labour market, and housing sector. The Congressional Budget Office anticipates a larger and younger workforce, potential effects on average wages, increased productivity, and growth in residential investment. Key Points
Economic TimesEco momentum remains intact: Finance ministry
India Business News: India maintains strong economic activity with a projected real GDP growth of 6.5-7% for FY25, even with erratic monsoon patterns. The finance ministry Key Points
Times Of IndiaInflation expectations may stabilise, edge down going ahead: RBI bulletin
India Business News: The Reserve Bank of India predicts inflation stabilization in India. Retail inflation eased to 5.1% in January. There may be renewed pressures from ce Key Points
Times Of IndiaIndonesian defence minister Subianto gaining majority votes in Presidential Election, survey
Prabowo is projected to gain 51.9% votes, based on a survey of 1,220 respondents by Lembaga Survei Indonesia, conducted between January 29 to February 5. Key Points
ThePrint
India's growth to slow down further to 6.1% in FY25
The Organisation for Economic Co-operation and Development (OECD) predicts that India's economy will slow down further to 6.1% in FY25 compared to the earlier projection of 6.3%. The slowdown is attributed to adverse weather-related events and a weakening international outlook. However, the OECD expects India's growth to pick up to 6.5% in FY26. Key Points
Economic TimesDefence production crosses Rs 1 lakh cr
The value of defence production has crossed the Rs 1 lakh crore mark for the first time ever in the 2022-23 financial year, the Ministry of Defence said in Parliament on Friday. It is a rise of more than 12 per cent over the previous fiscal when the figure was Rs 95,000 crore. TNS Key Points
The Tribune IndiaTripura election: How to track accurate vote counting updates on ECI website
Tripura assembly election 2023: The BJP-IPFT alliance is projected to retain power in the state. Exit polls have, however, gone wrong on several instances in the past. | Latest News India Key Points
Hindustan Times