The nowcast model sees GDP growth for Q4 in conjunction with high-frequency indicators.
In April-December, India's GDP grew at 8.2%, so to reach 8% in FY24, GDP in Q4 will have to expand by 7.2%. The NSO, however, has projected a much lower growth of 5.9% for the March quarter.
The Bulletin's paper, titled 'State of the Economy' said that real GDP expanded at a six-quarter high rate of 8.4% in Q3 FY24, powered by strong momentum, robust indirect taxes and lower subsidies. The real gross value added (GVA) growth in Q3 was just 6.5%.
This story is from the March 20, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 20, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Diplomacy Just As Vital As Expertise To Run Restaurant
I HAVE TWO pieces of pat advice for anyone rash enough to approach me for counsel. First, never speak to the press. Second, don't open a restaurant.
Comfortable design for 24/7 wear
It tracks fitness, sleep, stress & other key health vitals
Avenue needs a q-commerce boost
THE RETAILER IS LOSING OUT ON CONSUMER SPENDS
TN loses investment body chief ahead of meet
VISHNU VENUGOPALAN, MD & CEO of Guidance Tamil Nadu and a key bureaucrat instrumental in attracting major investments, including Cisco, Jabil, and Ford Motor's re-entry into the state, has exited the agency, multiple sources told FE.
Pick-up in investments, hiring expected in FY26: CII Survey
THE MAJORITY OF private firms are expected to step up investments and employment in 2025-26, as India continues to shine as a bright spot in a challenging global economic environment, according to a survey by industry body CII.
Trade partner or adversary?
India must think beyond China-Plus-One strategy as the world trade order is rapidly changing
A big display for entertainment
A budget phone that provides a hasslefree experience
A handy tool for home security
It captures clear video footage up to 20 metres
Free up pricing of agriculture
MSP FRAMEWORK NEEDS A REVISIT, IN TERMS OF FREEING UP PRICES OF PRODUCTS AS ALSO MAJOR INPUTS
Trump Holds Victory Rally Ahead of Inauguration
Mukesh, wife Nita to attend the event
