Gross Domestic Product

The US growth is going to slow quite sharply, close to recession, says Robert Subbaraman

The state aims to increase its gross domestic product (GDP) from Rs 5.68 trillion in FY25 to Rs 6.35 trillion by the end of the current financial year

India has to generate 8 million jobs per year at least for the next 10-12 years and raise the share of manufacturing in GDP as it strives to achieve the vision of becoming a developed country by 2047, Chief Economic Advisor to the Government of India V Anantha Nageswaran said. "We have a vision to achieve a developed India by 2047. The biggest challenge, apart from India's size, is that the external environment is not going to be so benign for the next 10-20 years as one might have had in the last 30 years, starting from 1990 or so, Nageswaran said here Saturday. But within this context - that's a given, you can't choose your external environment beyond a point - we have to generate 8 million jobs per year at least for the next 10 to 12 years...And raise the manufacturing share of GDP, in the context of China having achieved such a tremendous manufacturing dominance, especially post-COVID, he said. Nageswaran was addressing the Columbia India Summit 2025 hosted by the Deepak and Nee

The revised growth forecast takes into account a scenario of 10 per cent universal tariffs and 145 per cent tariffs on China

India's exports in value terms grew 2.6 per cent in 2024, while imports rose 6.6 per cent during the calendar year

The tariff measures announced have the potential to weaken global trade and consumption, putting pressure on both margins and volumes for export-oriented manufacturers

The gross GST collection - the amount before adjusting for refunds - rose by 9.9 per cent in March to Rs 1.96 trillion

FM says, when it comes to finances of the country there can be no politics

Firms in India tend to be highly connected into the US economy through elite human networks

Finance minister Thangam Thennarasu said that the state's revenue for the financial year 2025-26 is estimated at Rs 3,31,569 crore, while expenditure is estimated at Rs 3,73,204 crore

India's headline consumer price index (CPI) inflation eased to 3.61 per cent in February-the lowest since July 2024-on the back of a sharp decline in food inflation

Water collection, disposal likely to be included in series starting next Feb

Budget reforms will redefine the financial system by fostering inclusion, competition, and efficiency. Financial institutions will benefit from enhanced market depth and improved liquidity

Data released by the Ministry of Statistics and Programme Implementation (Mospi) on Friday showed the economy is expected to grow at 6.5 per cent in FY25, marginally higher than the 6.4 per cent proje

"India should have a global consumer brand in 5 years"

The state government's focus can be gauged from the fact that the government aims to increase the sector's contribution to Rajasthan's gross domestic product

According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat

By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent

India's economy is expected to grow by 6.4 per cent in real terms and by 9.7 per cent in nominal terms, according to advance estimates released by the National Statistics Office

Chidambaram termed it a "politically-driven budget" with the income tax cut being the "main thrust" of the Budget with an eye on the Delhi Assembly polls