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US to outpace G7 peers with double GDP growth rate this year, claims IMF

IMF projects US GDP growth at 2.7%, surpassing other G7 nations.

International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas holds the IMF's World Economic Outlook during a press briefing at the IMF-World Bank Group spring meetings at IMF headquarters in Washington, DC on April 16, 2024. (Photo by Mandel NGAN / AFP)(AFP)
Updated on Apr 16, 2024 07:59 PM IST

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
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