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Making sense of GDP numbers

The uptick will boost sentiment in the economy. But a rejuvenation of private consumption and investment is necessary to sustain economic momentum

As far as the short-term, namely, annual growth performance in the fiscal year 2023-24 is concerned, the GDP numbers released on Thursday show an increase of 30 basis points (Representative image)
Published on Mar 01, 2024 09:47 PM IST
ByHT Editorial

India’s Q3 GDP bucks all estimates at 8.4% growth

GDP growth in the quarter ending December 2023 is 8.4%, almost two percentage points more than the 6.6% number predicted by a Bloomberg poll of economists

In terms of a sectoral growth performance, manufacturing and construction are among the best performers with annual growth rate of 8.5% and 10.7% respectively. (REUTERS/ FILE)
Published on Feb 29, 2024 11:30 PM IST
By, New Delhi

World Bank wants to focus on women empowerment and equal opportunity: Official

World Bank wants to focus on women empowerment and equal opportunity: Official

HT Image
Published on Feb 26, 2024 10:09 AM IST
PTI |

RBI pegs FY25 growth at 7%, inflation at 4.5%

The Reserve Bank of India (RBI) has kept the policy rate unchanged for the sixth consecutive time, citing global uncertainty and the need to bring down retail inflation to 4%. The RBI expects GDP growth in the next financial year to be at 7%. The tone of the Monetary Policy Committee's resolution was hawkish, which suggests a delay in rate cuts. The RBI has prioritized inflation targeting over growth due to geopolitical risks and supply-side shocks to food inflation. Despite strong economic growth, the central bank remains cautious about inflation risks.

RBI governor Shaktikanta Das addresses a press conference on monetary policy in Mumbai on Thursday. (ANI)
Updated on Feb 09, 2024 06:24 AM IST
By, New Delhi

Budget may focus on welfare, infra, adhere to fisc glide path

The BJP will maintain a continuity between the interim and the full budgets for 2024-25 as it is confident of a third-term (2024-29), the three officials said.

A view of the old and new Parliament building on the first day of the interim Budget Session 2024, in New Delhi on Wednesday. (ANI)
Updated on Feb 01, 2024 07:46 AM IST
ByRajeev Jayaswal
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