 | Analysts raise FY24 GDP growth forecastUpward revisions come after NSO data showed economic growth at 7.2% in FY23 as against earlier estimate of 7% |
 | GST revenue in May surges 12% to Rs 1.6 lakh croreThe GST department has also launched a special drive to weed out fake GST registrations, which are primarily used for issuing fake invoices against which input tax credits are being availed. |
 | India’s growth rate inspiring but jobs and wages are challengesThe Indian economy grew by 7.2% in FY23, cracking past all previous estimates. |
 | India's economy likely to grow in 6.5-6.7 per cent range in FY'24: CII PresidentIndia's Gross Domestic Product (GDP) grew by 6.1 per cent in the March quarter of 2022-23, pushing the annual growth rate to 7.2 per cent. |
 | GDP data beats forecasts, grows at 7.2% in FY23Expands 6.1% in Q4; analysts say too early to celebrate as consumption yet to pick up. |
 | GDP grows 6.1 per cent in March quarter, 7.2 per cent in FY23As per the data, the economy expanded 7.2 per cent in 2022-23 against a 9.1 per cent growth in 2021-22. |
 | Gross direct premium of insurance industry to cross Rs 3L crore by FY25: ICRAPrivate insurers’ combined ratio will improve and return on equity (RoE) is expected at 11.2-12.8% in FY24 and 12.5-13.9% in FY25, ICRA said in a report. |
 | The curious case of India’s high consumptionHowever, the consumption juggernaut was led by certain goods and services in the pre-pandemic period. |
 | Per capita spending on health rises but share in GDP remains constant, says Health Accounts SurveyIn Tamil Nadu, Andhra Pradesh and Telangana, it is only 0.9 per cent. Karnataka is the lowest at 0.7 per cent. |
 | Manufacturing is key, but don’t snub servicesThe argument favouring a robust manufacturing sector is that it creates many low-skill jobs required for weaning workers off agriculture and construction. |
 | India needs new-Age babus, time to bring sewaveers into serviceIndia aims to become the fourth-largest economy in a few years, but the race to become the third-largest may test the strength of various organs of governance. |
 | Restore ancient cities with a sense of tradition, aestheticsI was in the temple town of Ayodhya for a literature festival last week and had the good fortune of soaking into its vibes for three days, and what a hue of vibes it has. |
| ‘India more resilient than many economies’Parekh said India has enough tailwinds with political stability, vaccine, food security, a domestic consumption-based economy, digitisation initiatives and a robust regulatory system for fin sector. |
 | WTO sees 'subpar' 2023 global trade growthPresenting their annual trade forecast, WTO economists said they expected to see the volume of global merchandise trade slow to 1.7 percent this year -- a full percentage point lower than in 2022. |
 | World Bank, ADB slash India growth projectionGlobal growth is expected to slow down in 2023 to 1.8%. At the same time, central banks worldwide continue to raise benchmark lending rates to tame inflation. |
 | World Bank cuts India's GDP forecast for 2023-24 by 30 bpsOn India's inflation, it said although headline inflation is elevated, it is projected to decline to an average of 5.2 per cent in 2023-24. |
 | ‘Roll back tariff hikes for 8 per cent growth’Former Niti Aayog V-C remains firm on 7 per cent plus GDP growth predictions for India |
 | Indian economy in a ‘bright spot’ but challenges emergingAs some of us argued, India’s response to Covid and post-Covid recovery was never to be inflationary as most of the measures were taken on the supply side. |
| Q3 current account deficit narrows to 2.2 per cent of GDPIndia’s current account deficit, a key indicator of the country’s external sector, declined to $18.2 billion or 2.2% of the gross domestic product (GDP)in the December quarter of the current fiscal. |
 | After slump, Tamil Nadu state gravy train to soon gather pacePTR said the state would adopt a smooth glide path to achieve a zero-revenue deficit without compromising on welfare activities and developmental priorities. |
