Key Points
India is likely to record a GDP growth of 6.2% in the current fiscal (2023-24), which will increase to 6.5% in the next 2024-25 fiscal, said American brokerage Goldman Sachs on Monday..
Its expectation for the current fiscal is in line with the projections made by other credit rating agencies and multilateral banks..
However, it is less optimistic than the projection by the RBI whose chief Shaktikanta Das said the GDP figures for the second quarter of the current fiscal are likely to surprise many...
The current account deficit will widen to 1.9% of GDP in calendar 2024 from the expected 1.3% in calendar 2023 while inflation in 2023 will be 5.7% but will come down in calendar 2024 to 4.7%...
On a calendar year basis, the GDP growth in 2023 will be 6.4%, which will, however, decline to 6.3 per cent in 2024..
You might be interested in
IMF raises India's growth forecast to 6.7% for FY24
31, Jan, 24India Business News: The IMF has raised India's growth projections to 6.5% for the next financial year and 6.7% for the current fiscal year. The government's projections a
Moody's lifts GDP forecast to 6.8% from 6.1% for 2024
05, Mar, 24"India's economy has performed well and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8% from 6.1%. India i
India's 2024 GDP may see another push, to rise from 6.1% to 6.8%: Report
04, Mar, 24A Moody's report has predicted that India's GDP in 2024 may see a rise of 0.7 percent, according to early forecasts of the economy.
Beware! These 7 factors can pose risks to bull run in Dalal Street 2024
02, Jan, 24After a stellar 20% return in 2023, several money managers are entering into the New Year with a “cautiously optimistic” tone.
US bank bosses predict soft landing as consumers stay resilient
05, Dec, 23U.S. bank chiefs expressed more confidence in the economic outlook for 2024 after consumers and businesses showed surprising strength this year.
World Bank, ADB project moderation in growth for current fiscal
05, Apr, 23India Business News: NEW DELHI: The World Bank (WB) and the Asian Development Bank (ADB) on Tuesday lowered the growth projection for the current financial year, citing we.
ETMarkets Smart Talk: 2024 will be even better year for IPOs; Nifty50 likely to hit 26,000: Shailesh Saraf
05, Jan, 24Shailesh Saraf says: The Indian market has given a correction of 2.84% in October 2023 and made a low of 18,838. But a huge buying came from there and the market broke its previous high of 20222 within a very short period. So geopolitical concerns are of a short-term nature, markets run only on profits.
What's in and what's out in 2024
31, Dec, 23In 2024, workplaces shift towards mandatory office presence, ending the remote work era. Travel sees a rise in short trips to visa-free countries. Startups face funding challenges, emphasizing profitability. Hybrid cars dominate the auto industry, and premium experiences and personalised fitness gain traction in consumer trends.
Fitch raises India's GDP forecast to 6.3% from 6% for current fiscal year
22, Jun, 23Fitch Ratings on June 22, 2023 raised its forecast for India’s economic growth to 6.3% for current fiscal year 2023-24 from 6% it had predicted previously
India's economy to hold top spot for GDP but not so much for jobs growth: Reuters poll
24, Jul, 23India's economy will grow at a solid pace for the rest of this fiscal year and next but well below its potential rate, according to a Reuters poll of economists who also said the employment situation will improve only slightly.