The World Bank has raised its forecast for India's economic growth this fiscal year to 7%, up from 6.6%. India continues to lead as the fastest-growing major economy. Indian economy on a strong footing! The World Bank has revised upwards its projection for India's economic growth in the current fiscal year, increasing it to 7% from its previous estimate of 6.6%.The Indian economy grew at 6.7% in the first quarter of FY 2024-25, according to government data last week. The slowdown was attributed to reduced government expenditure during the period of national elections. Despite this, India retained its status as the world's fastest-growing major economy, surpassing China's 4.7% growth rate in the corresponding period. #India #GDP #Growth #IndianEconomy #emeraldsworld #marketingagency
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?? Investing in India’s 10-year bonds is a strategic move that aligns with the nation’s impressive economic growth and skilled workforce. India’s GDP growth is one of the highest among major economies, projected at around 6.5% for 2024, driven by strong domestic consumption, industrial expansion, and a burgeoning tech sector. This robust economic foundation enhances the creditworthiness of Indian bonds, offering investors a stable and lucrative return. Furthermore, India boasts a youthful and skilled population, which is expected to propel the nation’s economic trajectory even further in the coming years. ?? Amid growing concerns over the volatility and risk associated with Western bonds, India's 10-year bonds present a more secure and promising alternative. Western economies are grappling with inflation and economic slowdowns, making Indian bonds an attractive option for risk-averse investors seeking higher yields. The Indian government’s prudent fiscal management and commitment to reforms add an extra layer of security, ensuring that investments are safeguarded. #InvestmentStrategy #IndiaGrowth #BondMarket #EmergingMarkets #EconomicGrowth #WealthManagement #FinancialPlanning #SecureInvestments #GlobalEconomy #InvestorInsights
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India's Economic Rise: A Pre and Post-2014 Look India's economic journey has been remarkable, particularly in the years since 2014. Let's delve into the GDP story: Pre-2014: While the economy began recovering in 2013-14 with a 6.4% GDP growth rate, it hadn't yet hit the high gear we see later. Post-2014: The economic landscape shifted significantly. GDP growth accelerated, reaching a stellar 7.5% in 2014-15 and an impressive 8.0% in 2015-16. This period even saw India outperform China in terms of growth rate in 2015! Fast forward to 2023, and India's GDP has grown by a staggering over 87% compared to 2014, reaching an estimated $3.75 trillion. This phenomenal growth propelled India from being the world's 10th largest economy to the 5th largest! Important to Consider: Growth rates did fluctuate after the initial surge, with certain policies impacting the economic trajectory. Looking Ahead: India's economic potential is undeniable. With continued reforms and strategic initiatives, the future looks bright for the nation's economic standing. #India #Economy #Growth #GDP #Investment
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India’s Rising Economy: A Double-Edged Sword?? Today, I learned about the exciting news that India is set to become the world’s 4th largest economy in 2025. This news, coupled with my recent studies on GDP and GNP in my CA Foundation Economics chapter, has sparked some interesting thoughts. While GDP growth is a significant metric, it’s crucial to consider its impact on the overall well-being of citizens. As Amit Kumar pointed out, “GDP measures the total value of goods and services produced within a country’s borders. But does it truly reflect the well-being of an entire population?” Let’s strive for a future where India’s economic progress benefits everyone, not just a select few. #GDP #EconomicGrowth #India #Development #SocialJustice #CAFoundation
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India Economy Data India is on track to becoming the third-largest economy by 2030-31, driven by a projected annual growth rate of 6.7 per cent this fiscal, S&P Global said in a report on Thursday. The report also said that with 8.2 per cent growth rate in FY2024, continued reforms are crucial to improving business transactions and logistics, boosting private sector investment, and reducing reliance on public capital. It said equity markets are expected to stay dynamic and competitive due to strong growth prospects and better regulation, and foreign inflows into Indian government bonds have surged since the country joined major emerging market indexes, with further growth anticipated. #EQVIVALUESEARCH #ECONOMY #INDIA #EMERGING
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Projected vs. Actual Economic Data (FY 2023-2024) India's economic performance in FY 2023-2024 exhibits resilience and robust growth amid global challenges. Achieving significant milestones, the country focuses on managing inflation, employment growth, and external economic dependencies to sustain momentum. Bolstered by strong domestic demand, strategic investments, and a favorable policy environment, India remains on a positive trajectory. #EconomicData #IndiaEconomy #FY2023-2024
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India's Economic Growth Slows Amid Global Uncertainty; Reforms Needed in Land and Labor for 8% Growth Target: The Chief Economic Adviser highlighted that the slowdown in India's economic growth is due to external factors, with the decline of globalization's benefits amid geopolitical and policy uncertainties. The government's Economic Survey projects a growth rate of 6.3-6.8% for the upcoming fiscal year, which is insufficient for achieving the target of becoming a developed nation by 2047. To stimulate growth, India needs deregulation and reforms in land and labor sectors. The survey emphasizes the need for an 8% growth rate and an increase in the investment rate to 35% of GDP to meet long-term economic goals. https://dlvr.it/THj0QG #IndiaEconomy #EconomicGrowth #ReformsNeeded #TaxLaws #News
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India's economic outlook is shining bright according to the OECD, with a projected GDP growth of 6.6% for the current fiscal year. This positive momentum is driven by a surge in public investment and a confident business environment. The report highlights India's growing strength in IT and consulting services exports, where the country is steadily capturing a larger global market share. This translates to increased foreign investment and a boost to the domestic economy. While acknowledging some areas for improvement, the OECD report paints a future filled with potential. A strong monsoon season and potential interest rate cuts by the Reserve Bank of India could further fuel growth. Additionally, if ongoing disinflation strengthens consumer purchasing power, it could lead to a rise in household consumption, business investment, and job creation – all factors that would propel India's economic trajectory even higher.
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Is India Truly on the Path to Becoming a Developed Economy? India has made notable progress in recent years, with ambitious goals like achieving self-reliance ( Atmanirbharta ). However, a closer analysis of key economic indicators highlights both achievements and unresolved challenges. 1.GDP Growth: While India's GDP is growing post-pandemic, issues like income inequality and rural underdevelopment raise concerns about the sustainability of this growth. ?? 2. FDI and Stock Market: FDI inflows and stock market performance are strong, but these often reflect investor optimism rather than true economic progress on the ground. ?? 3. Inflation and Banking System: Inflation, particularly in essential goods like food and fuel, continues to challenge the economy. Additionally, the banking sector, despite reforms, still struggles with non-performing assets and limited credit access for small businesses. ?? 4. Government Schemes: Initiatives like Make in India and Digital India have spurred some sectoral growth, but inconsistent implementation, especially in rural areas, remains a problem. ?? 5. Foreign Policy and Trade: India has made strides in foreign policy and trade, but reliance on energy imports and geopolitical tensions expose vulnerabilities. ?? 6. Global Comparisons: Looking at global models, India has the potential to develop but needs to address infrastructure gaps, social inequality, and underemployment to progress further. While India is on the right path, true development requires tackling these underlying hurdles. The current positive indicators show potential but may not reflect the full reality without deeper reforms for long-term, inclusive growth. #indianeconomy #growth #gdp #banking #viksitbharat
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India's Economic Rollercoaster: A Slowdown Ahead? Recent reports suggest a slight slowdown in India's economic growth for FY25, with estimates now at 6.7%. While this marks a decrease from previous estimates, India remains poised to be one of the world's fastest-growing major economies. The following are some of the factors contributing to the deceleration: 1) Global Economic Contraction: Geopolitical turmoil, rising interest rates, and global inflation are creating a challenging economic landscape that could hinder India's exports and investments. 2) Budget Tightening: Reduced government expenditure in FY25 could negatively impact economic growth prospects. 3) Rising Interest Rates: The RBI's aggressive interest rate hikes, while intended to tame inflation, risk smothering private spending and investment. Yet, India's economic growth is buoyed by certain underlying strengths: 1) Healthy consumer spending: A healthy consumer spending environment in India is expected to endure, underpinned by a rising middle class. 2) Investment in infrastructure: Infrastructure investment by the government could spur economic activity and attract more capital. 3) Booming services economy: The expanding services sector in India is likely to continue its growth trajectory, propelled by IT and outsourcing. Even as India's GDP growth moderates in FY25, it is expected to outpace the performance of many other leading economies. #indianeconomy #GDP #EconomicOutlook #EconomicSlowdown #GovernmentSpending #InterestRates
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India can become the second largest economy by 2031 and the largest in the world by 2060, given the innate strengths of the country, said Reserve Bank Deputy Governor Michael D Patra while speaking at the Lal Bahadur Shastri National Academy of Administration, Mussorie. Patra, however, also said that India will have to overcome various challenges with regard to labour productivity, infrastructure, contribution of manufacturing sector in GDP, and greening of the economy for sustainable development. “Given the innate strengths, I described and the resolve to achieve its aspirational goals, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031 and the largest economy of the world by 2060," he said. He further said that it has been estimated that if India can grow at the rate of 9.6% per annum over the next ten years, it will break free of the shackles of the lower middle income trap and become a developed economy. “These gains need to be reflected in per capita income with two milestones – a per capita income level of $4516-14,005 to reach middle-income country status, and beyond that level to attain the position of a developed country today. the developed country threshold will have moved up to $34,000," he said. #india?#economy?#gdp?#growth?#success?#USA?#Indianstartupnews
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