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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

Behind the rise in rural consumption spending

The National Rural Livelihood Mission, better targeting and delivery of benefits, wider reach of digital public infrastructure have contributed to the spurt

The extensive use of the digital public infrastructure and unique identity through Aadhaar across programmes made it possible to transfer funds directly to beneficiary accounts.(AFP)
Published on Feb 28, 2024 10:00 PM IST

Good news on the growth front

It may help the government in a poll year, but demand must rise to sustain the momentum

India's investment spending as a share of GDP was consistently rising before the 2008 crisis.(Representative image)
Published on Jan 08, 2024 06:33 PM IST
ByHT Editorial

India’s economy pegged to grow at 7.3% this year

The Indian economy is expected to grow at a rate of 7.3% in the fiscal year 2023-24, surpassing earlier forecasts by the IMF, RBI, and research firms. The growth is driven by government investment and spending, making India the world's fastest-growing major economy. However, concerns remain about the low private consumption growth and the tepid nominal GDP growth, which could impact tax collections and fiscal deficit. The sector-wise breakdown shows an increase in manufacturing, while agriculture and trade sectors have seen a decline in economic momentum.

HT Image
Updated on Jan 06, 2024 06:02 AM IST
By, Rajeev Jayaswal, New Delhi

Number Theory: Four charts which explain latest GDP numbers

A look at the key takeaways from the GDP numbers released on Thursday.

India’s GDP grew at 7.8% in the quarter ending June 2023
Updated on Sep 01, 2023 01:21 AM IST
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