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Reimagining Indian cities: Economic development imperative

This article is authored by Ashish Garg, managing director & senior partner and Yashi Tandon, manager, BCG.

ht insight

Published on Mar 29, 2025 02:49 PM IST

ByAshish Garg, Yashi Tandon

Q3 GDP: India's economy grew by 6.2% in October-December

The latest numbers give an insight into the growth that the country's economy has seen over the current financial year and the past quarter (October-December).

India's real GDP is expected to grow by 6.2% in Q3 of FY25, according to government estimates.

business

Updated on Feb 28, 2025 05:45 PM IST

ByHT News Desk

RBI MPC cuts repo rate by 25 basis points to 6.25% to boost economy: Governor

RBI Governor Sanjay Malhotra has announced that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 6.5%

New Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday, February 7, announced that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 6.5%.(Bloomberg)

business

Updated on Feb 07, 2025 11:43 AM IST

ByAbhyjith K. Ashokan

India's GDP growth estimated to slow down to four-year low of 6.4% in 2024-25

This is the slowest annual GDP growth rate since the pandemic, when it fell down to -5.8% during the financial year 2020-21.

India's real GDP growth has been estimated to slow down to 6.4% in the financial year 2024-25, as compared to 8.2% in 2023-24

business

Updated on Jan 07, 2025 04:48 PM IST

ByAbhyjith K. Ashokan

India's current account deficit expected at 1.1% of GDP in FY25, says ICICI bank

ICICI Bank reports India's Current Account Deficit (CAD) may stay at 1.1% of GDP in FY25, influenced by a record trade deficit and FPI outflows

In the fiscal year 2024–2025 (FY25), India's Current Account Deficit (CAD) is anticipated to stay at 1.1% of GDP, citing to ICICI Bank analysis(Unsplash/representational)

business

Published on Dec 30, 2024 09:17 AM IST

ANI |

SBI forecasts GDP growth of 6.3%, lower than RBI's 6.6% estimate for FY25

India's economy grew at 5.4% in the July-September quarter of FY25, the lowest growth in seven quarters.

India's GDP grew at 5.4% in the July-September quarter of FY25, the lowest in seven quarters (Representational Image)

business

Published on Dec 07, 2024 01:48 PM IST

ByHT News Desk, New Delhi

Japan service activity shrinks on softer sales, confidence slips further, PMI shows

JAPAN-ECONOMY/PMI (URGENT):Japan service activity shrinks on softer sales, confidence slips further, PMI shows

world news

Published on Nov 06, 2024 06:02 AM IST

Reuters |

UK economy unexpectedly stagnated for a second month in July

The UK economy stagnated for a second month in July, suggesting that a rapid recovery from recession is now losing momentum.

British Prime Minister Keir Starmer looks on, at Number 10 Downing Street, in London, Britain.

business

Updated on Sep 11, 2024 01:16 PM IST

Bloomberg |

India’s economic activity slipped slightly in August, PMI shows

India's manufacturing PMI fell to a three-month low of 57.9 in August, while the services PMI slightly increased to 60.4.

India’s economic activity slipped in August as manufacturing new order growth slowed, HSBC survey showed. The manufacturing PMI dropped to 57.9 from 58.1 in July, while the services PMI rose to 60.4 from 60.3.

business

Published on Aug 22, 2024 11:56 AM IST

Bloomberg |

UK growth slows slightly in second quarter

world news

Published on Aug 15, 2024 12:54 PM IST

AFP |

Infrastructure as frontier for the India-China rivalry

Does port ownership matter? Yes. International trade takes the shipping route for 95% of cargo volumes.

Thiruvananthapuram, Jul 12 (ANI): The container ship, ‘San Fernando’, from China marks the first arrival of such a vessel at India’s largest transhipment port at Vizhinjam International Seaport Limited (VISL) in Thiruvananthapuram on Thursday. (ANI Photo) (ANI)

opinion

Published on Aug 14, 2024 09:14 PM IST

ByK Mohandas

US growth likely picked up last quarter after a sluggish start to 2024, reflecting resilient economy

world news

Published on Jul 25, 2024 09:32 AM IST

AP |

The importance of numbers

A healthy democracy needs healthy and regular statistics. Government needs to ensure that

The National Statistical Office (NSO) released the full report of the Household Consumption Expenditure Survey (CES) on June 7(REUTERS PHOTO.)

editorials

Published on Jun 10, 2024 09:12 PM IST

ByHT Editorial

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Gross domestic product grew at an 1.3% annualized rate from January through March, the Commerce Department reported.

Shoppers and pedestrians on Broadway in the Soho neighborhood of New York, US.(Bloomberg)

business

Published on May 30, 2024 08:27 PM IST

Reuters |

IMF raises China's 2024 growth forecast to 5%

China should continue with economic reforms to boost productivity, level the playing field among all types of firms, IMF said.

business

Published on May 29, 2024 08:29 AM IST

Reuters |

Eco survey: Delhi per capita income ₹4.62L

The recovery in Delhi’s GDP after the pandemic is, however, yet to pass through to the trade, hotels, and restaurants sector of the economy

Delhi's finance minister Atishi presents 'Economic Survey of Delhi 2023-24' at Delhi Assembly in New Delhi, India, on Friday. (HT Photo)

india news

Updated on Mar 02, 2024 05:32 AM IST

ByAbhishek Jha, New Delhi

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)

editorials

Published on Mar 01, 2024 09:47 PM IST

ByHT Editorial

India’s renewable energy supply on the rise: Report

The share of renewable energy (wind, solar and other RE) increased to 30.1% in 2023 compared to 27.5% in 2022

The top Indian states in terms of renewable energy capacities are Rajasthan, Gujarat, Tamil Nadu, Karnnataka and Maharashtra (AP)

india news

Updated on Jan 25, 2024 02:46 AM IST

ByJayashree Nandi, New Delhi

India’s GDP to grow 7.3% in FY 2024, says govt estimate

Projections of strong growth amid six hikes of the repo rate by the central bank since 2022 come ahead of the Union Budget in February

FILE PHOTO: Labourers work at a construction site of the Ahmedabad-Mumbai High Speed Rail corridor in Ahmedabad (REUTERS)

business

Updated on Jan 05, 2024 11:19 PM IST

ByZia Haq

Finance ministry refutes IMF report on India’s debt situation

The ministry said the general government debt in India — which includes debt of both the centre and the state governments—is overwhelmingly rupee-denominated

The finance ministry pointed out that similar IMF reports for other countries showed much higher extreme scenarios for them (Mint Photo)

business

Published on Dec 23, 2023 11:12 AM IST

ByHT Correspondent

BJP's ‘Lala- Land’ reply to Congress leader's dig at government over GDP numbers

Jairam Ramesh alleged the GDP numbers released for the first quarter are overstated by a full percentage point because of the price deflators used.

Senior Congress leader Jairam Ramesh and BJP IT-cell head Amit Malviya

india news

Updated on Sep 01, 2023 12:37 PM IST

ByAniruddha Dhar

NITI Aayog discusses plan to raise Mumbai’s GDP to $300 billion by 2030

The NITI Aayog has selected four cities Mumbai Metropolitan Region along with Surat, Varanasi and Visakhapatnam

NITI Aayog chief executive officer BVR Subramanyam said the NITI Aayog will present the blueprint of the economic masterplan for Mumbai in the next four months

cities

Updated on Aug 30, 2023 06:25 PM IST

BySurendra P Gangan

Facing China at Brics, India stands its ground

India's growing economic potential and favourable global strategic environment position it as a rising power within Brics and a challenge to China's dominance

The Johannesburg summit revealed how far India has come on the international stage(via AFP)

opinion

Published on Aug 24, 2023 09:33 PM IST

BySreeram Chaulia

Book Box: A trailblazing economist's memoir who helped build today's India

Devaki Jain's audacious life defied conventions, forged global connections, and redefined India's narrative

opinion

Published on Aug 19, 2023 10:56 AM IST

BySonya Dutta Choudhury

The future of SCO remains uncertain

India’s presidency of the grouping has achieved some key goals. But SCO may be bogged down by internal contradictions and doublespeak

India is chairing the SCO for the first time since joining the grouping in 2017. (ANI photo)

opinion

Published on Jul 06, 2023 09:30 PM IST

ByRajiv Bhatia

Govt meets 6.4% fiscal deficit target for FY23

The fiscal deficit for FY23 is in lines with the fiscal glide path envisioned by finance minister Nirmala Sitharaman in the Union Budget

india news

Updated on Jun 01, 2023 12:08 AM IST

ByRajeev Jayaswal, New Delhi

Maruti plant to prove a game-change for Rohtak industry: Dushyant Chautala

Speaking at ‘Rohtak metal finishers and all Rohtak industrial association’ felicitation ceremony after chairing a grievance meeting here, Chautala said special attention is being laid by the government to promote industries.

Haryana deputy chief minister Dushyant Chautala said the agriculture sector contributes 32% to the state’s Gross Domestic Product (GDP) and the manufacturing sector’s contribution rose to 36%. (HT File)

cities

Updated on Apr 15, 2023 11:42 PM IST

ByHT Correspondent, Rohtak

Govt rules out import of dairy items

India's Union Minister for Fisheries, Animal Husbandry and Dairying, Parshottam Rupala, has said that the country is not looking to import dairy products such as butter as supplies are improving. Rupala launched India's first animal pandemic response system, worth INR12.29bn ($165m), to deal with animal disease outbreaks. The programme will include an integrated disease reporting system for enhanced surveillance of zoonotic and other animal diseases, upgrades to 75 district and regional laboratories, and training for 9,000 para-veterinarians and recruitment of 5,500 veterinary professionals.

Retail milk prices have risen the sharpest over the past decade in 2022-23. (FILE)

india news

Updated on Apr 15, 2023 12:07 AM IST

ByZia Haq

India eyes $900 bn target for exports after a record year

The number is not final and the process to fix a “realistic” target is on, with a focus on new export segments

india news

Updated on Apr 15, 2023 12:01 AM IST

ByRajeev Jayaswal

Ukraine's GDP fell 29.1% in 2022 amid Russia's assault, says data

Moscow's war has killed tens of thousands, prompted millions to flee and battered swathes of the economy.

Ukrainian soldiers pass by an apartment building damaged by the recent Russian shelling in war-hit Avdiivka, Donetsk region, Ukraine, Wednesday, April 12, 2023.(AP)

world news

Published on Apr 13, 2023 01:29 PM IST

AFP |

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gross domestic product news

Latest from gross domestic product

This article is authored by Ashish Garg, managing director & senior partner and Yashi Tandon, manager, BCG.

The latest numbers give an insight into the growth that the country's economy has seen over the current financial year and the past quarter (October-December).

RBI Governor Sanjay Malhotra has announced that the Monetary Policy Committee (MPC) has decided to cut the benchmark repo rate by 6.5%

This is the slowest annual GDP growth rate since the pandemic, when it fell down to -5.8% during the financial year 2020-21.

ICICI Bank reports India's Current Account Deficit (CAD) may stay at 1.1% of GDP in FY25, influenced by a record trade deficit and FPI outflows

India's economy grew at 5.4% in the July-September quarter of FY25, the lowest growth in seven quarters.

JAPAN-ECONOMY/PMI (URGENT):Japan service activity shrinks on softer sales, confidence slips further, PMI shows

The UK economy stagnated for a second month in July, suggesting that a rapid recovery from recession is now losing momentum.

India's manufacturing PMI fell to a three-month low of 57.9 in August, while the services PMI slightly increased to 60.4.

UK growth slows slightly in second quarter

Does port ownership matter? Yes. International trade takes the shipping route for 95% of cargo volumes.

US growth likely picked up last quarter after a sluggish start to 2024, reflecting resilient economy

A healthy democracy needs healthy and regular statistics. Government needs to ensure that

Gross domestic product grew at an 1.3% annualized rate from January through March, the Commerce Department reported.

China should continue with economic reforms to boost productivity, level the playing field among all types of firms, IMF said.

The recovery in Delhi’s GDP after the pandemic is, however, yet to pass through to the trade, hotels, and restaurants sector of the economy

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

The share of renewable energy (wind, solar and other RE) increased to 30.1% in 2023 compared to 27.5% in 2022

Projections of strong growth amid six hikes of the repo rate by the central bank since 2022 come ahead of the Union Budget in February

The ministry said the general government debt in India — which includes debt of both the centre and the state governments—is overwhelmingly rupee-denominated

Jairam Ramesh alleged the GDP numbers released for the first quarter are overstated by a full percentage point because of the price deflators used.

The NITI Aayog has selected four cities Mumbai Metropolitan Region along with Surat, Varanasi and Visakhapatnam

India's growing economic potential and favourable global strategic environment position it as a rising power within Brics and a challenge to China's dominance

Devaki Jain's audacious life defied conventions, forged global connections, and redefined India's narrative

India’s presidency of the grouping has achieved some key goals. But SCO may be bogged down by internal contradictions and doublespeak

The fiscal deficit for FY23 is in lines with the fiscal glide path envisioned by finance minister Nirmala Sitharaman in the Union Budget

Speaking at ‘Rohtak metal finishers and all Rohtak industrial association’ felicitation ceremony after chairing a grievance meeting here, Chautala said special attention is being laid by the government to promote industries.

The number is not final and the process to fix a “realistic” target is on, with a focus on new export segments

Moscow's war has killed tens of thousands, prompted millions to flee and battered swathes of the economy.

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