Gross domestic product (GDP)

  • Union Budget 2023 Top Updates: ‘Highest-ever outlay’ for Capital Expenditure

    Finance Minister Nirmala Sitharaman Budget Speech, India Budget 2023 Top Updates: Finance Minister Nirmala Sitharaman, presenting Union Budget 2023-24 in Parliament said, The Centre will hike the capital expenditure (capex) outlay for 2023-24 by 33 per cent to Rs 10 trillion(lakh crore), Finance...

    Published On February 1st, 2023
  • India’s Fiscal Deficit for FY23 Estimated at Rs 17.5 lakh crore, FY24 Rs 17.95 lakh crore: SBI

    The upcoming Indian budget for 2023-24 will be a challenging one for the government to follow the roadmap for fiscal consolidation amidst a global environment of declining inflation, said a top economist of State Bank of India in a report....

    Published On January 18th, 2023
  • India’s Current Account Deficit Pegged at 3-3.2% of GDP in FY23

    Robust domestic economic activity and an uptick in oil import bills, India’s current account deficit is expected to be 3-3.2 per cent of gross domestic product (GDP) for FY23, according to Chief Economic Advisor (CEA) V Anantha Nageswaran. Buy Prime Test Series for all Banking,...

    Published On November 25th, 2022
  • Goldman Sachs Slashes India’s GDP Forecast for 2023 to 5.9%

    Goldman Sachs Group Inc. sees India’s economic growth slowing next year, citing a hit to consumer demand from higher borrowing costs and fading benefits from pandemic reopening, while lowering its growth forecast. Gross domestic product (GDP) may expand by 5.9%...

    Published On November 21st, 2022
  • US Economy Shrinks 0.6% in April-June

    Battered by surging consumer prices and rising interest rates, the US economy shrank at a 0.6% annual rate from April through June, the government announced, unchanged from its previous second-quarter estimate. It marked the second consecutive quarter of economic contraction, one informal...

    Published On September 30th, 2022
  • Gross Domestic Product (GDP) Calculate GDP, Growth Formula

    Gross Domestic Product (GDP) GDP: Gross domestic product (GDP), the whole market value of the goods and services a nation's economy produced during a given time frame. It covers all finished products and services, i.e., those created by economic agents...

    Published On September 4th, 2022
  • India Surpasses UK to Become World’s 5th Largest Economy

    India has surpassed Britain to become world’s fifth largest economy, Bloomberg reported. The change in ranking has pushed the United Kingdom to the sixth spot as the country continues to grapple under the brutal cost-of-living shack. The Indian economy is...

    Last updated on September 6th, 2022 01:02 pm