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The authors further said technology is offering new growth opportunities to seize by becoming more competitive and efficient.
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Sensex, Nifty hit record high levels on impressive GDP data, foreign fund inflows
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The second advance estimates of GDP for FY24 released by the National Statistics Office (NSO) has indeed sprung a major surprise in the markets.
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The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters - April-June and July-September, data released by the Ministry of Statistics and Programme Implementation showed
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The budget allocation for major infrastructure projects in 2024-25 has been increased to Rs 11.1 lakh crore, marking an 11.1 percent rise from the previous year.
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The President said that the country has to ensure that every citizen of the country is economically and socially empowered.
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Sri Lanka had recorded a minus 8 per cent growth when it declared bankruptcy in April 2022
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Gross State Domestic Product (GSDP) at current prices for Telangana reached Rs.13,13,391 crore, marking an impressive 16.3 percent growth, surpassing India's growth rate of 16.1 percent
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India is likely to surpass Japan to become the world's third-largest economy with its GDP doubling to $7.3 trillion by 2030.
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The International Monetary Fund (IMF) has cut China's GDP growth forecast for the financial year 2023-24 to 5.30 per cent, 20 basis points lower than its July estimate.
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The most recent World Economic Outlook report from the multilateral agency, released on Tuesday, anticipates a growth of 6.3 percent for this fiscal year.
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In terms of impact on GDP, with an estimated additional output of Rs 18,000-22,000 crore attributed to the World Cup, the impact on gross value added is estimated to be around Rs 7,000-8,000 crore, said economists Jahnavi Prabhakar and Aditi Gupta
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The World Bank, meanwhile, retained India's GDP growth forecast for the financial year 2023-24 at 6.3 per cent, noting that the country continued to show resilience against the backdrop of a challenging global environment.
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The World Bank in its April report had cut India's growth forecast for 2023-24 to 6.3 per cent from the earlier 6.6 per cent
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Addressing a programme in the Kathuwas village of Kotputli-Behror district, Gehlot also said the state has made unprecedented progress in all sectors.
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Addressing a Rozgar Mela after distribution of appointment letters to over 51,000 new employees in different government departments through a virtual event, Modi also emphasised on growing use of technology in governance.
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According to the report carried by the official Saudi Press Agency, the Saudi economy achieved a growth rate of 8.7 per cent -- the highest among the G20 member states
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For a high saving rate economy, like the rest of Asia, he said, a modern, efficient, and soundly functioning financial sector is essential for mobilising the resource requirements of India's developmental aspirations.
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The savings figure for 2021-22 was also scaled down to 7.2 per cent of GDP from 7.6 per cent of GDP (and as much as 8.3 per cent of GDP, as per RBI's first estimates released in September 2022).
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In a positive outlook for the Indian stock markets, Morgan Stanley recently stated its expectation of key indices rising by 10 per cent by the time of the next general elections in the summer of 2024, further fueling optimism among investors.