India Gdp Growth News
India’s economy as third largest: Just a guarantee of the inevitable | Mint Primer | Mint
Prime Minister Narendra Modi’s claim of India becoming a top-three economy is likely due to population and economic growth, rather than his term. Yet, GDP isn’t the sole indicator of well-being. While GDP is significant, economists prioritize economic growth and per capita income. Japan’s stagnant economy challenges the idea of GDP as the only measure. Other factors like health, education, and environment, ignored by GDP, define a nation’s well-being. India’s low rankings in hunger, gender gap, and press freedom highlight the discrepancy. GDP should be supplemented with holistic measures to gauge true progress and citizen benefits.
14 Aug 2023India’s Bright Future: A Global Leader | Mint Explains | Mint
Despite global economic and geopolitical concerns, India is expected to grow over 6% this year. Union Finance Minister Nirmala Sitharaman stated at the 107th Development Committee meeting at the International Monetary Fund (IMF) and World Bank annual meeting that current headwinds and strained global supply chains have put tremendous pressure on the global economy, as evidenced by persistently high interest rates, northbound inflationary pressures, and currency depreciation.
8 Aug 2023What they don’t tell you about India’s poverty numbers | Mint Explains | Mint
In this video, we explore the issue of poverty in India and the challenges faced in accurately measuring it. The video highlights the leaked data from a 2017-18 consumer expenditure survey, which suggests a potential rise in national poverty rates. However, the government’s response to this data has been controversial, raising questions about the accuracy and transparency of India’s poverty measurements. The video delves into the complexities of measuring poverty in a developing economy like India and the political sensitivity around poverty numbers. We discuss the official poverty lines based on consumer expenditure surveys conducted by the National Sample Survey and the growing divergence between survey estimates and national accounts. The video also highlights the trade-offs between comparability and accuracy in survey design and the importance of transparency in India’s statistical establishment. Overall, the video underscores the need for reliable poverty data to formulate policies that ensure economic gains are shared widely in India.
20 Jul 2023Boosting India’s Economy with Infrastructure | Mint Explains | Mint
The Indian economy is experiencing a challenging phase due to the impact of the Covid-19 pandemic, trade disruptions, and lower export growth. The Narendra Modi government has set its sights on reviving the country’s economic growth trajectory by investing in infrastructure. In this video, we’ll explore the government’s strategy and examine whether it will be enough to get India’s annual growth rate back nearer to 7.5%.
19 Jun 2023Swamy Dismisses ’Shining India’, Questions GDP figures | Mint Primer | Mint
In this video, we delve into the recent Indian GDP figures and analyze the claims made by Subramanian Swamy, an Indian politician, economist, and statistician. We examine the growth rates and sectoral performances to uncover the economic reality beyond surface-level statistics. Join us as we unravel the complexities and implications of India’s economic situation, providing insights and a comprehensive understanding of the country’s current economic landscape.
17 Jun 2023Why India may outperform Asian and emerging market peers? | Mint Explains | Mint
Christopher Wood, global head of equity strategy, at Jefferies, has stated that he is still overweight on India, with 39% of the portfolio invested in the Indian market in the Asia ex-Japan long-only portfolio.
14 Jun 2023Can the Indian economy sustain its momentum? | Mint Primer | Mint
India’s GDP growth in the fourth quarter of FY23 exceeded expectations, driven by agriculture, net exports, vehicle production, construction, and service sectors. However, concerns arise about the sustainability of this momentum and a potential slowdown in FY24. The video explores the factors behind the growth, challenges faced, and the importance of sound policies to maintain economic momentum amid global conditions and policy responses.
12 Jun 2023RBI Annual Report 2022-23: India’s growth momentum likely to sustain in FY24 | Mint Primer | Mint
Dive into the insights offered by the Reserve Bank of India’s (RBI) Annual Report FY23 in this video. Despite global turmoil in 2022-23, India demonstrated an impressive economic resilience, recording a 7% growth rate which outpaced major world economies. The recovery was marked by normalising domestic supply chains and a rebound in contact-intensive sectors. RBI’s report also highlighted challenges the global economy is grappling with, including high inflation, geo-economic fragmentation, and technological disruptions. Furthermore, it shed light on climate change, cybersecurity, fintech disruptions, and cryptocurrencies as potential long-term challenges. Transitioning our focus to the Indian economy, the video explores factors such as sound macroeconomic policies, softer commodity prices, a robust financial sector, and a healthy corporate sector that are poised to sustain India’s growth momentum in 2023-24. We also take a closer look at the volatility of foreign portfolio investment flows amidst global uncertainties, the measures taken to control inflation, the circulation of currency notes, and the future of digital currency in India. This includes a discussion on the Central Bank Digital Currency (CBDC), the Digital Rupee launched by the RBI in 2022, and its upcoming expansion plans. Join us as we break down the key takeaways from RBI’s Annual Report and their implications for India’s economic trajectory. For more economic insights and updates, don’t forget to subscribe to our channel.
2 Jun 2023India’s TGR Ratio | Mint Explains | Mint
The video discusses India’s trade-to-GDP ratio (TGR) and the factors that have contributed to its decline in recent years. One factor is the price of crude oil, which has always been a large part of India’s imports. Another factor is the disappointing global growth in the last decade, which affected India’s exports. However, the recent recovery in India’s exports of goods and services is a likely turning point, indicating that improvements in processes and physical infrastructure are beginning to enhance the competitiveness of India’s merchandise exports. India’s openness to trade is not limited to just exports, as the country continues to pursue an open-minded and pragmatic approach to international trade. It also explains that India’s declining TGR is not a sign of increased insularity or withdrawal from the global trading system, but a reflection of underlying factors, and India’s policies to support its industries and trade with other countries are working well.
2 Jun 2023India The ‘Bright Spot’ Clocks 7.2% GDP Growth In ’23 | Mint In Focus
Amid global economic slowdown Indian economy remains the lone bright spot. India’s 2023 Q4 GDP rose to 6.1% while the rest of the world is experiencing a slowdown. In the fourth quarter, India’s economy saw a significant increase and clocked a better-than-estimated growth. While the 4.4% growth rate witnessed in Q3 was below expectations, in Q4FY23, GDP growth climbed to 6.1%. The overall growth in the FY23 fiscal is better than expected at 7.2%.
1 Jun 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared