After experiencing strong growth rates of above 8 per cent for three consecutive quarters, economic growth is expected to have moderated to at least a four-quarter low in the March quarter of FY24 due to a sequential slowdown in key growth drivers, according to analysts.
During the first three quarters of FY24, the economy grew 8.2 per cent, 8.1 per cent, and 8.4 per cent, respectively. The National Statistical Office (NSO) has projected the FY24 growth rate at 7.6 per cent, implicitly assuming 5.9 per cent growth in the fourth quarter of FY24.
The NSO will release the Q4 growth numbers and the provisional estimates of gross domestic product (GDP) data for FY24 on Friday.
هذه القصة مأخوذة من طبعة May 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Investing for children: Buy house or opt for MFs?
I was speaking to Meera and her spouse, Karan, about their financial plan.
Failure to report foreign income leads to loss of DTAA benefit
Not reporting foreign assets and income may also result in penalty and even jail sentence
Sparks fly after Musk's EVM post, Chandrasekhar offers 'tutorial'
Tesla and SpaceX Chief Executive Officer (CEO) Elon Musk has said that electronic voting machines (EVMs) should be eliminated as they are prone to \"getting hacked\" by humans or AI (artificial intelligence).
Fresher hiring in IT sector tumbles to 2-decade low
India's software services companies have hired between 60,000 and 70,000 freshers in FY24, the lowest intake in two decades, according to HR firm Xpheno.
DAUGHTERS INC
The unfolding succession at several Indian family businesses is shining the spotlight on daughters
Is Nabfid the answer to India's infra woes?
Though earlier such attempts had failed, Nabfid should succeed as the ecosystem is changing
Fintech's time and tide for turning
A self-regulatory framework will reshape how the sector does business but it must find people who will helm the system
Seven things digital lenders must do to manage risks
Every adversity brings with it the seed of an equivalent advantage, said Napoleon Hill in his bestselling book Think and Grow Rich.
Macrotech and Oberoi Realty elevate Mumbai skyline with highrise sales
ARCHITECTS OF MARKET DOMINANCE: Leading largecap realty stocks with 29% to 33% gains in recent surge
Unveiling a champion: How this fund beats the rest
HDFC Flexi Cap Fund, launched in January 1995, has consistently ranked in the top 30th percentile of the flexicap fund category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters through March 2024.