"gdp"

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.

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).

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.

On the domestic equity market front, the BSE Sensex closed 555.75 points or 0.86 per cent higher at 65,387.16 points while the broader Nifty jumped by 181.50 points or 0.94 per cent to end at 19,435.30 points.

"Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," Sanjay Malhotra told reporters.

According to Jateen Trivedi, VP Research Analyst at LKP Securities, the capital market experienced profit booking, particularly in the financial sector, which had an impact on the rupee's performance.

India remained the fastest-growing major economy as China posted a 6.3 per cent growth in April-June 2023

Almost 50 per cent of India's young informal workforce and those outside it are willing to upskill to bridge Indias employability gap, according to the report by investment firm Omidyar Network India with research partner Redseer

The government entities have obtained loans amounting Rs 1,482.50 crore on behalf of the state government of Bihar as on March 31, 2022.

Telangana has emerged a frontrunner on multiple economic indicators among South Indian States during the financial year of 2022-23

V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the FPIs were aggressive buyers in the market in May having invested Rs 43,838 crore through the stock market and primary market put together

Confederation of Indian Industry President R Dinesh said the growth will be supported by strong domestic drivers and robust momentum in capital expenditure

Data released Thursday by the Federal Statistical Office shows Germany's gross domestic product, or GDP, down by 0.3% in the period from January to March.

The report also said the inflation in India is likely to be below 5 per cent in the second quarter of calendar year 2024

Given the growth-inflation trade-off, Governor Das took the right call, particularly in the context of global slowdown

World Bank said that economic growth is likely to be impacted due to sluggish consumption growth, coupled with challenging external factors

India's economic growth fell, for the second consecutive quarter, to 4.4 per cent in October-December

Hyderabad, along with Bengaluru, is likely to continue to outperform Asia Pacific and Indian peers in terms of growth in 2023, with the information and communication sector as the main driver.

In the wake of Russia's ongoing war against Ukraine, the country's GDP declined by a record 30.4 per cent last year

While we aspire for the best in 2023, we have to perspire for all of it too