India's GDP growth surges to 8.4% in Q3; FY24 growth projected at 7.6%
The NSO has revised GDP growth for Q2 FY24 to 8.1% from 7.6%, while that for the first quarter has been revised higher to 8.2% from 7.8%.
national statistical office
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India to display healthy growth despite global challenges: RBI dy gov
Amid uncertainties over past 3 years, Indian economy, financial system has shown "remarkable resilience”, says M. Rajeshwar Rao
Economy to grow at 4% in Q4; downside risks to NSO’s FY23 estimates: Report
Elevated temperatures in northern regions and plausibility of severe upcoming heat waves to affect agricultural output and keep inflation at elevated levels, says a report.
Unemployment rate falls to 8.2% in Jan-March 2022: NSO survey
While the unemployment rate among females in urban areas in ages 15 years and above declined to 10.1%, for males it dipped to 7.7%, shows the NSO survey.
Why everybody loves a good monsoon
It is the time of the year to start chasing dark clouds over the Arabian Sea. Normal rains will offset the demand recession induced by the pandemic and wash away a lot of the country’s woes.
U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
The crystal ball: RBI report foresees NPA woes
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
‘Covid-19 hangs over the future, like a spectre’
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.
NSO pegs India’s GDP growth at 5% for FY20
Advance estimates from the National Statistical Office (NSO) peg India’s GDP to grow at 5% in FY20 as compared to FY19’s 6.8%; manufacturing is projected to grow just 2%.
