Gross Domestic Product

Not just lateral appointments, India needs major administrative reforms

If India wants to be "Viksit Bharat" in 21st century, it can't do so with a 19th-20th century colonial-style administration. Core govt functions need a more professionally trained civil service

Economic momentum intact for 6.5-7% growth in FY25: Finance Ministry

The ministry added that both the consumer and industrial outlook surveys, which showed a declining trend, need to be monitored for future trends

Onwards to Viksit Bharat

Initiating policy reforms on the priorities outlined in the Budget without delay is crucial for India's developmental goal

Strategic reforms can enhance India's appeal to global investors: GTRI

Strategic reforms are needed to enhance India's appeal to global investors as despite having huge potential, FDI data shows that the country has not fully capitalised on its opportunities, think tank GTRI said on Thursday. Suggesting a four-step plan, the Global Trade Research Initiative (GTRI) said that measures which can help India position itself as a leading choice for foreign investors include reducing cost disadvantages for companies relocating to India, improving the Ease of Doing Business throughout the business lifecycle, and establishing a framework for evaluating investment proposals. India attracted USD 44.4 billion in FDI (foreign direct investment) in FY2024, which is only 1.1 per cent of its GDP. The country lagged significantly behind countries like China (USD 189.1 billion), Brazil (USD 86.1 billion) , Australia (USD 61.6 billion), and Canada (USD 52.6 billion) as noted in the World Development Report 2023, it said. It suggested that India must offer a more ...

PM Modi urges states to attract FDI, suggests 'investor-friendly charter'

Investor friendly charter, zero poverty and demographic management plans highlights of NITI Aayog meet

The questions for policymakers

What is the state of the economy, and the implications for policy?

Data dynamics

The advisory committee has its task cut out

Uncle Sam's dollar Ponzi scheme

US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down

A progressive era for India?

The primary focus of development policy must shift decisively to expanding opportunities for the underprivileged

Trickling down to Viksit Bharat

Strong trickle-down through wage growth would eventually lead to a higher consumption of essential items such as basic clothing, utensils, and personal care products like soaps

Building blocks

Next govt must build on macro strengths

India's GDP growth rate jumps to 7.8% in Q4; FY24 growth at 8.2%

In the previous quarter, GDP growth rate accelerated to 8.4%, it was 7.6% in the July-September quarter

India's GDP growth likely to outpace China's in 2024-28, says EIU

The report suggests that as India's economic heft expands, there would be a crossover in the mid-2040s with BRICS nations taking over the G7 in terms of nominal gross domestic product (GDP)

India's Q4 GDP growth projected at 6.7%, FY24 growth at 7.8%, says ICRA

Domestic rating agency ICRA on Tuesday projected India's GDP growth to moderate to a four quarter low of 6.7 per cent in March quarter of 2023-24 fiscal. For the full 2023-24 fiscal, ICRA estimates GDP growth to come in at 7.8 per cent. The Indian economy grew 8.2 per cent in the June quarter, 8.1 per cent in the September quarter and 8.4 per cent in the December quarter of 2023-24. ICRA Chief Economist, Head-Research & Outreach Aditi Nayar said the lower volume growth coupled with diminishing gains from commodity prices dampening the profitability of some of the industrial sectors is expected to dampen India's GVA growth in Q4 FY2024. India's GDP expanded 6.1 per cent in the March quarter of 2022-23 fiscal, as per May 31, 2023 estimates. The growth for full fiscal 2022-23 was 7 per cent. The GDP numbers for the fourth quarter (January-March 2024) and the provisional estimates for the 2023-24 fiscal are scheduled to be released on May 31. ICRA, in a statement, said the gap betwee

Migration matters

Mobility must remain a priority for economic diplomacy

Concrete jungles and Silicon Valleys

By leveraging technology and data-driven approaches, startups can help cities optimise resource allocation, improve service delivery, and enhance the overall quality of life for residents

BJP manifesto may bode well for business sentiment in India: UBS Securities

Implementing poll promises in the Congress manifesto would entail an additional fiscal cost of 2-3.3 per cent of the gross domestic product, it said in a note

Borrowing to consume

Consumption-based borrowing by the household sector makes investment capital even more expensive

Household debt registered new high by Q3FY24, savings plummeted: Report

A report by Motilal Oswal said that households' net savings plummeted to a six-year low level of 18.4 per cent of GDP

31 million jobs created in real estate under Modi government: Report

The measures taken, it says, can catapult the size of the Indian real estate market from $20 billion in 2017 to an estimated $1 trillion by 2030