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GOVT PEGS REAL GDP GROWTH AT 7.4% AMID TARIFF CONCERNS Why in the News? Official estimate: The Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE), pegging real GDP growth at 7.4% for FY 2025–26. Growth slowdown signal: Despite strong Q1 (7.8%) and Q2 (8.2%) performance, growth is expected to moderate in …
Read MoreGST 2.0 AND YOUTHFUL INDIA’S ECONOMIC FUTURE Syllabus: GS-3: ● Indian economy ● Taxation and reforms Why in the News? India has unveiled GST 2.0, a significant reform aimed at simplifying tax rates, easing burdens on essentials, and exempting critical services such as insurance. This step seeks to strengthen household purchasing power, boost consumption, empower …
Read MoreINDIA’S ECONOMIC CHURN AND THE NECTAR OF GROWTH Why in the news? The economy of India is being described as a “fact-rich story” of resilience, growth, and energy security, countering global sceptics who label it a “dead economy.” This positive narrative is supported by the latest economic survey 2024 and reflects the current Indian economy …
Read MoreIndia’s Economic Health amid Global Comparison Debate Why in the News? Former U.S. President Donald Trump labelled India’s economy as “dead,” sparking debate. Despite being the fastest-growing major economy, India faces internal challenges in growth quality, manufacturing, inequality, and trade competitiveness, as highlighted by comparative IMF GDP data. Global GDP Comparison: India’s GDP grew from …
Read MoreIMF Raises India’s Growth Forecast to 6.4% Why in the News ? The International Monetary Fund (IMF) has revised India’s GDP growth forecast for FY2025-26 and FY2026-27 to 6.4%, citing easing global trade tensions, improved financial conditions, and a more benign external environment compared to earlier projections. IMF Projections and Growth Outlook: India’s GDP growth …
Read MoreIndia’s Steady GDP Growth Boosts MSCI Weightage and Agricultural Innovation Why in the News? India’s consistent nominal GDP growth and domestic economic strength are expected to gradually raise its weight in the MSCI Emerging Markets Index, attracting more foreign investments, according to BNP Paribas strategist Daniel Morris in a recent interview. This development highlights India’s …
Read MoreWhy in the news? India’s real Gross Domestic Product (GDP) for FY24 grew by a faster-than-expected 8.2%, exceeding the initial projection of 7.3% by the National Statistical Office (NSO). Nominal GDP witnessed a growth rate of 9.6% in FY24, with real Gross Value Added (GVA) expanding by 7.2%. The significant growth in the manufacturing sector …
Read MoreWhy in the news? IMF raises India’s growth forecast to 6.8% for FY 2024/25, highlighting global economic resilience amid challenges. source:BS About the IMF Raises India’s Growth Forecast: Growth Projections: IMF revises India’s GDP growth forecast for FY 2024/25 to 6.8%, up by 0.3% from January’s projection. It forecasts a 6.5% expansion for the next …
Read MoreWhy in the news? ADB projects India’s GDP growth at 7% in 2024-25, with retail inflation expected to ease; downside risks include global shocks. About ADB’s Economic Projections: The Asian Development Bank (ADB) predicts India’s GDP growth to slow from 7.6% in 2023-24 to 7% in 2024-25, before rebounding to 7.2% in 2025-26. Retail inflation …
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