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IMF says India must do this to boost GDP growth potential

International Monetary Fund: Earlier this week the IMF lowered its FY23 growth forecast for India to 8.2 per cent from 9 per cent.
India’s economy grew a moderate 5.4% in the October-December quarter, when the country was grappling with the Omicron wave, against 8.5% in the previous quarter, data released by National Statistical Office on Monday indicated. (BLOOMBERG PHOTO.)(HT_PRINT)
India’s economy grew a moderate 5.4% in the October-December quarter, when the country was grappling with the Omicron wave, against 8.5% in the previous quarter, data released by National Statistical Office on Monday indicated. (BLOOMBERG PHOTO.)(HT_PRINT)
Updated on Apr 22, 2022 11:49 AM IST
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India Ratings cuts GDP growth forecast to 7 per cent for 2022-23

The rating agency said the 7.6 per cent growth projection announced in January 2022, is unlikely to hold due to the global geo-political situation arising out of the Russia-Ukraine conflict.
In the new report, Ind-Ra has created two scenarios with respect to the FY23 economic outlook basis certain assumptions.(AFP)
In the new report, Ind-Ra has created two scenarios with respect to the FY23 economic outlook basis certain assumptions.(AFP)
Published on Mar 30, 2022 05:17 PM IST
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ANI |

Economy grows at 5.4% in Oct-Dec

  • What is also noteworthy is the fact that even private final consumption expenditure (PFCE) is expected to have crossed pre-pandemic levels.
The significant revision in growth rates between the first and second advance estimates is largely a result of change in past GDP numbers. (Representational image)(REUTERS)
The significant revision in growth rates between the first and second advance estimates is largely a result of change in past GDP numbers. (Representational image)(REUTERS)
Published on Mar 01, 2022 05:49 AM IST
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By, New Delhi

India's GDP grows by 5.4% in October-December quarter of 2021-22

The Indian GDP had expanded by 0.7 per cent in the corresponding quarter of the previous financial year.
India’s GDP has grown by 5.4 per cent in the October-December quarter of 2021-22.(Bloomberg file photo. Representative image)
India’s GDP has grown by 5.4 per cent in the October-December quarter of 2021-22.(Bloomberg file photo. Representative image)
Published on Feb 28, 2022 05:57 PM IST
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PTI | , New Delhi

Budget to offer more fiscal support to economy amid uncertainty from third wave

While the fiscal deficit could be revised upwards modestly to 7.1 per cent from 6.8 per cent budgeted for in FY22, stronger nominal GDP growth will keep government on the deficit glide path announced in the current budget, Rahul Bajoria, managing director and chief economist at Barclays India, said. 
The government is expected to estimate <span class='webrupee'>₹</span>17.5 lakh crore or 6.5 per cent of GDP in fiscal deficit in FY23.(HT Photo)
The government is expected to estimate 17.5 lakh crore or 6.5 per cent of GDP in fiscal deficit in FY23.(HT Photo)
Published on Jan 14, 2022 09:29 PM IST
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PTI | , New Delhi
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Tuesday, May 17, 2022