The Organisation Cooperation for Economic and Development (OECD) has revised upwards its growth estimate for India by 20 basis points to 5.9 per cent for FY24.
In its latest interim outlook released on Friday, titled "Fragile Recovery", OECD said, "India's growth is projected to moderate to about 6 per cent in FY2023-24, amid tighter financial conditions before picking up to recover to around 7 per cent in FY 2024-25." OECD expects India's gross domestic product (GDP) to grow at 6.9 per cent in FY23 against 7 per cent estimated by the Central Statistical Organisation. In the December quarter of FY23, the economy grew 4.4 per cent year-on-year.
OECD on Wednesday said India's GDP growth slowed down sequentially to 0.7 per cent in the December quarter compared to 1.7 per cent in the September quarter based on seasonally adjusted quarter-on-quarter data.
Diese Geschichte stammt aus der March 18, 2023-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 18, 2023-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Google Block On Reviews Draws Israeli, Palestinian Business Ire
Ashraf Creish, the owner of the West Bank restaurant Zest, knew the Israel-Hamas war was going to be hard on business.
Manufacturing PMI At 3-Mth Low On Poll Disruption, Heatwave
Intensive heatwave hampered production volumes
Nifty Bank Races Past 50k In Post-Election Euphoria
The Nifty Bank index, a gauge for the performance of leading banking stocks, crossed the 50,000 mark for the first time on Monday as the index rallied over 4 per cent in the exit-poll driven rally.
Nvidia, AMD Chiefs Square Off In A Fight To Take Control Of AI
Nvidia Corp. and Advanced Micro Devices (AMD)'s chiefs showcased new generations of the chips powering the global boom in AI development, deepening a rivalry that may decide the direction of artificial intelligence design and adoption.
Some Clarity Emerging On GenAI, Says Nilekani
The generative artificial intelligence (GenAI) revolution is in its second year now and some clarity is beginning to emerge from the noise and babble of the last 18 months, Infosys Chairman Nandan Nilekani said.
Toyota Apologises As Japan's Auto Safety Scandal Widens
Honda, Suzuki, Yamaha also in the crosshairs
Modi 3.0? Street celebrates on result eve
Sensex, Nifty jump over 3% each; investor wealth surges ₹14 trn; FPIs pump in ₹6.9K cr
Kerala lab develops Nipah-like particle
This non-infectious particle will help in vaccine production; second-stage test to be conducted on mice
Over 30% employees experience age-related discrimination at work
Overall 31 per cent of employees in India have experienced agerelated discriminations across sectors with the highest prevalence reported in multinational companies, a study said on Monday.
Remove claim of '100% fruit juice' from labels, ads: FSSAI directs FBOs
The Food Safety and Standards Authority of India (FSSAI) on Monday directed all food business operators (FBOs) to remove any claim of '100 per cent fruit juices' from the labels and advertisements of reconstituted fruit juices with immediate effect.
