GDP - Gkseries.com

India’s External Debt Reaches $624.7 Billion at End-March 2023

India’s External Debt Reaches $624.7 Billion at End-March 2023: According to Reserve Bank data, India’s external debt has increased slightly, reaching USD 624.7 billion at the end of March 2023. During the same time span, however, the debt-to-GDP ratio has decreased. Valuation gains resulting from the appreciation of the US dollar against major currencies, including […]

India’s External Debt Reaches $624.7 Billion at End-March 2023 Read More »

Nomura cuts 2023 GDP forecast for Indian to 4.7%

Nomura has cut its 2023 forecast for economic growth in India to 4.7% from its earlier projection of 5.4% amid recession fears and rising interest rates. Reason: Higher inflation, monetary policy tightening, dormant private capex growth, the power crunch and the global growth slowdown. Retail inflation rate of India – the CPI has been recorded 7.01% as

Nomura cuts 2023 GDP forecast for Indian to 4.7% Read More »

NSO releases First Revised Estimates: shows GDP contraction of 6.6 per cent during 2020-21

The National Statistical Office (NSO) has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2020-21. NSO comes under the Ministry of Statistics and Programme Implementation. As per the Ministry of Statistics & Programme Implementation release, real GDP or GDP at constant (2011-12) prices for the years 2020-21 and 2019-20

NSO releases First Revised Estimates: shows GDP contraction of 6.6 per cent during 2020-21 Read More »