Saturday, September 07, 2024

July 18, 2024 2:29 PM

FICCI forecasts 7 percent annual GDP growth for India in 2024-25

The Federation of Indian Chambers of Commerce & Industry (FICCI) has forecasted a 7.0% annual median GDP growth for India in the fiscal year 2024-25, according to its latest Economic Outlook Survey. "Despite persisting headwinds, India's economi...

July 9, 2024 11:19 AM

SBI research suggests centre to target 4.9% fiscal deficit in 2024

As the Modi government prepares to present its first full budget of its third term on July 23, SBI Research has recommended a focus on fiscal prudence and continued consolidation. The research arm of India's largest public sector bank suggests the g...

May 29, 2024 4:20 PM

S&P upgrades India’s sovereign rating outlook to ‘positive’

S&P Global Ratings has raised the country's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-'. The rating agency cited India's robust economic expansion as having a constructive impact on its credit metrics...

April 23, 2024 10:32 PM

UK to spend 2.5% of GDP on defence by 2030, says Sunak

Prime Minister Rishi Sunak said on Tuesday he would lift defence spending to 2.5% of GDP a year by 2030, saying the British arms industry must be on a "war footing" when the world is at its most dangerous since the Cold War.   Standing alongside N...

April 16, 2024 9:00 PM

IMF boosts India’s 2024 growth forecast

The International Monetary Fund (IMF) in its latest outlook raised India's growth projections for 2024 from 6.5 per cent to 6.8 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economies.   For t...

February 29, 2024 7:59 PM

PM Modi applauds 8.4% GDP growth as testament to India’s strength

Prime Minister Narendra Modi, expressing satisfaction over the third-quarter figures of the current fiscal year, remarked that the robust 8.4% growth in Gross Domestic Product (GDP) demonstrates the strength and resilience of the Indian economy. In ...

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Last updated on: 7th September 2024