The reported growth figures, while seemingly promising, come with a caveat ~ a dash of scepticism. Behind the curtain of soaring numbers lies a labyrinth of methodology, where the calculation of GDP growth resembles more of an art than a science.
Inflation is expected to remain above the Reserve Bank of India's target level of 4 per cent over the forecast period due to strong economic activity, Majumdar said.
Markets will continue to focus on the earnings season and global cues in the upcoming week.
The decline in CAD reflects a strengthening of the macroeconomic fundamentals of the Indian economy.
Within global economies, America’s resilience shines brightly, defying the dire predictions of naysayers and sceptics. Against a backdrop of uncertainty and volatility, the US economy has emerged as a bastion of strength and vitality, demonstrating a remarkable ability to weather storms and navigate through turbulent waters.
The 11th International Materials Recycling Conference (IMRC) recently concluded in the city with a positive note with special emphasis on strides in promoting sustainable practices
In the labyrinth of economic indicators, India’s Gross Domestic Product (GDP) emerges as a perplexing enigma, shrouded in a cloud of controversies and methodological intricacies.
In the upcoming interim budget, the government is likely to follow the fiscal consolidation path and may announce a fiscal deficit target of 5.3% of the gross domestic product (GDP) for 2024-25 (FY25), said Goldman Sachs on Friday.
In 2024, India is projected to grow at 6.2% supported by robust domestic demand and strong growth in the manufacturing and services sectors, the United Nations said.
The US and the global economy may face major challenges in 2024 though they have proved to be surprisingly resilient in the past year.
