RBI projected Country’s real GDP to grow at 6.5% in current fiscal year: Govt in Rajya Sabha

August 8, 2023 7:24 PM

RBI projected Country’s real GDP to grow at 6.5% in current fiscal year: Govt in Rajya Sabha

The RBI has projected Country’s real GDP to grow at 6.5 percent in the current fiscal year. In the written reply in Rajya Sabha, Minister of Finance Nirmala Sitharaman said that the International Monetary Fund (IMF), in its latest World Economic Outlook (WEO) of July 2023, has revised India’s real GDP growth forecast for the current financial year by 20 basis points (bps). She said that the IMF has raised it from 5.9 percent to 6.1 percent. The positive revision is due to the momentum gained fro...

GDP growth slows to five-year low at 5.8% in January-March quarter

May 31, 2019 6:49 PM

GDP growth slows to five-year low at 5.8% in January-March quarter

India's economic growth rate slowed to five-year low of 5.8 per cent in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors. According to the Central Statistics Office (CSO) data released today, GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year. The growth in gross domestic product (GDP) was slowest since 2014-15. The previous low was 6.4 per cent in 2013-14.

GDP growth increasing continuously every quarter with growth of 7.7 % in 4th quarter of 2017-18: Piyush Goyal

June 1, 2018 8:06 AM

GDP growth increasing continuously every quarter with growth of 7.7 % in 4th quarter of 2017-18: Piyush Goyal

Interim Finance Minister Piyush Goyal said, GDP growth has been increasing continuously every quarter with growth of 7.7 percent in the fourth quarter of 2017-18. In a tweet, Mr Goyal said, this shows that the economy is on the right track and set for even higher growth in the future. He emphasized that this is the development under leadership of Prime Minister Narendra Modi and Union Minister Arun Jaitley.          Finance Secretary Hasmukh Adhia said in a tweet that the constant increasing tre...