India Growth Rate

India's growth rate is the shiniest part in the global economy, World Bank president Ajay Banga said on Thursday, noting that a lot of this is driven by the domestic market.

India's aviation sector will need to pump in more than $170 billion through 2030 to finance record aircraft orders and boost airport capacity amid an ongoing traffic boom, S&P Global Ratings said in a report.

The Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das announced today,while retaining India's real GDP growth forecast at 7.2 per cent for the current financial year.

India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected on Thursday.

The World Bank has upgraded India's growth forecast for FY25 to seven per cent from 6.6 per cent, the global financial body said in an India-focused report released Tuesday.

The slowing of India's economic growth to a 15-month low of 6.7 per cent in the April-June quarter was due to "lower" government spending in the wake of the enforcement of the model code of conduct for the Lok Sabha polls, RBI Governor said.

India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.

New York-based Moody's Ratings on Thursday raised its forecast for India's GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in the economy.

Incidents of student suicides in India have grown at an alarming annual rate, surpassing the population growth rate and overall suicide trends, according to a new report.

India's economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an ambitious but achievable target, IMF executive director KV Subramanian said.

Budget 2024: This year's Budget is the seventh consecutive Budget for Finance Minister Sitharaman and the Modi government's 13th straight Budget since 2014.

The Economic Survey 2023-24 highlights the resilience of India's economy. The real GDP growth rate reached 8.2% in FY24, sustaining over 7% growth for three consecutive years. Further, the survey has projected FY25 real GDP growth at 6.5% to 7%.

Economic Survey 2024: Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023/24 in Parliament Monday, a day before she will present a record seventh union budget.

With demand for electricity in India expected to surge by a massive 8% this year, the world's demand is rising at its fastest rate in years, driven by robust economic growth, intense heat waves and uptake of technologies that run on electricity.

Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.

India's growth rate is the shiniest part in the global economy, World Bank president Ajay Banga said on Thursday, noting that a lot of this is driven by the domestic market.

India's aviation sector will need to pump in more than $170 billion through 2030 to finance record aircraft orders and boost airport capacity amid an ongoing traffic boom, S&P Global Ratings said in a report.

The Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das announced today,while retaining India's real GDP growth forecast at 7.2 per cent for the current financial year.

India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected on Thursday.

The World Bank has upgraded India's growth forecast for FY25 to seven per cent from 6.6 per cent, the global financial body said in an India-focused report released Tuesday.

The slowing of India's economic growth to a 15-month low of 6.7 per cent in the April-June quarter was due to "lower" government spending in the wake of the enforcement of the model code of conduct for the Lok Sabha polls, RBI Governor said.

India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.

New York-based Moody's Ratings on Thursday raised its forecast for India's GDP growth for 2024 to 7.2 per cent from 6.8 per cent as projected earlier on the back of stronger private consumption driving up aggregate demand in the economy.

Incidents of student suicides in India have grown at an alarming annual rate, surpassing the population growth rate and overall suicide trends, according to a new report.

India's economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an ambitious but achievable target, IMF executive director KV Subramanian said.

Budget 2024: This year's Budget is the seventh consecutive Budget for Finance Minister Sitharaman and the Modi government's 13th straight Budget since 2014.

The Economic Survey 2023-24 highlights the resilience of India's economy. The real GDP growth rate reached 8.2% in FY24, sustaining over 7% growth for three consecutive years. Further, the survey has projected FY25 real GDP growth at 6.5% to 7%.

Economic Survey 2024: Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023/24 in Parliament Monday, a day before she will present a record seventh union budget.

With demand for electricity in India expected to surge by a massive 8% this year, the world's demand is rising at its fastest rate in years, driven by robust economic growth, intense heat waves and uptake of technologies that run on electricity.

Indian fintech industry is projected to reach $420 billion by 2029, at a cumulative annual growth rate of 31% from around $110 billion this year, Ajay Kumar Choudhary, non-executive chairman, National Payments Corporation of India (NPCI) said today.