gross domestic product GDP - Latest News, Analysis, Opinion

A nearly fourfold increase in GDP is targeted for 2027, when the next assembly election is also scheduled to take place. The forecast for the state's GDP in 2021-2022 is Rupees 21.74 lakh crore

Centre To Emphasise Development Of MSMEs In North East: Union Minister

India can develop only when the NE region makes progress and this is the topmost priority of his ministry, he said while addressing the North East MSME Conclave here.

Fiscal Deficit Touches 31.1% Of Annual Target At End-August

The fiscal deficit or gap between expenditure and revenue was Rs 4,68,009 crore at end of August, the CGA said.

Household Debt May Have Declined To 34% In Q1 FY22: SBI Report

The average amount of debt increased by 84 per cent and 42 per cent, respectively, for rural and urban households for the six-year period ended 2018

ADB Clears USD 150 Mn Loan For Urban Poor Housing Project In Tamil Nadu

National

The Manila-headquartered funding agency said Tamil Nadu is vital to India''s economic growth, contributing 8.54 per cent to the country''s gross domestic product (GDP).

India's GDP Likely To Grow At 18.5% In April-June Quarter This Fiscal: SBI Report

State Bank of India has developed the 'Nowcasting Model' with 41 high-frequency indicators associated with industrial activity, service activity, and the global economy.

The Middle Classes Have Become Hollowed Out: Nobel Laureate Prof. Abhijit Banerjee

Manish Kumar Jha

On an exceptionally clear afternoon in August, Manish Kumar Jha of BW Businessworld sought him out in the capital during a visit to India and picked his mind on the state of the Indian economy, India’s privatization programme and the need for centres of excellence in academia which is lacking in advance and cutting edge R&D. The discussion centered on the inflation--rise in prices of consumer products; a “realignment of the market” as it adjusts to the growing inequality among consumers. He advocated injecting more liquidity into the economy. He did not consider the Indian economy to be “unusually closed” in the perspective of the developed West or China. And let the “rupee slide” to promote Indian exports, among other things. Excerpts:

Globalisation Tripled India GDP But Workers Have Been Left Out: Economist

Addressing students of Ashoka University virtually, he mentioned that globalisation has brought overall prosperity in emerging economies and has increased wages and income inequality.

GST Rate Structure Rationalisation On Govt's Agenda, Definitely Going To Happen: CEA

The Goods and Services Tax (GST), which amalgamates more than a dozen central and state levies like excise duty, service tax and VAT, was introduced in July 2017.

India Expected To See 7% Growth Next Fiscal: CEA

The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for India to 9.5 per cent for the fiscal year to March 31, 2022 as the onset of a severe second COVID wave cut into recovery momentum.

Lockdown Read

Pradeep Gupta

Tamal Bandyopadhyay’s attempt to analyse the malaise in the banking system is an insider’s view and so not the larger picture one could expect from a dispassionate writer. He does raise a relevant poser, though. Has India let down its banking industry or is it the other way around?

Fitch Cuts India Growth Forecast To 10 &, Says Rapid Vaccination To Support Revival

The global rating agency said the challenges for banking sector posed by the coronavirus pandemic have increased due to a virulent second wave in the first quarter of the financial year ending March 2022 (FY22).

India To See 300 Million Tonnes Steelmaking Capacity By 2030-31

Companies & Markets Sector Reports

The government has taken measures to ensure healthy growth of the steel industry and has also given approval to introduce the Production-Linked Incentive (PLI) Scheme in Specialty Steel to enhance India’s manufacturing capabilities and exports.

Indian Economy May Grow 8.4-10.1 % In Current Financial Year: NCAER