Q1 GDP forecasts range from 6-7%
The Morning Standard|August 25, 2024
Icra attributes lower growth to reduction in govt capex and fall in urban consumer demand
- BENN KOCHUVEEDAN
Q1 GDP forecasts range from 6-7%

AHEAD of the official release of June quarter growth numbers next week, economists have offered differing forecasts, with rating agency Icra pegging the lowest at 6% and German brokerage Duestche Bank at the highest at 7% and Goldman Sachs seeing growth moderating to 6.6% on account of lower government capex and tepid consumption demand.

Thus far, the RBI's forecast of 7.1% is the highest but that is 20 bps lower than its June estimate. Icra cheif economist Aditi Nayar forecasting for the six quarter low growth of 6% attributed the same to the reduction in government capex and a fall in urban consumer demand. For the full fiscal year 2025, she expects the economy clipping at 6.8%, down from 8.2% in the previous fiscal. Official growth data for the June quarter will be released by the Ministry of Statistics and Programme Implementation on August 30. In the first quarter, the economy grew at 8.2%.

Contributing factors

この蚘事は The Morning Standard の August 25, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Morning Standard の August 25, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE MORNING STANDARDのその他の蚘事すべお衚瀺
Trump's Attacker Had Planned To Recruit Afghans To Fight For Ukraine
The Morning Standard

Trump's Attacker Had Planned To Recruit Afghans To Fight For Ukraine

Wesley Routh has criminal record, posted on politics, donated to Democratic party

time-read
1 min  |
September 17, 2024
Worst Typhoon In 75 Years Brings Shanghai To A Halt
The Morning Standard

Worst Typhoon In 75 Years Brings Shanghai To A Halt

BEBINCA, the strongest typhoon to have hit China's Shanghai city in 75 years, on Monday left a trail of destruction, bringing the megacity with a 25 million population to a grinding halt.

time-read
1 min  |
September 17, 2024
Shah Reaffirms Govt's Fight Against Terrorism
The Morning Standard

Shah Reaffirms Govt's Fight Against Terrorism

HOME Minister Amit Shah, while addressing poll rallies in Jammu on Monday, said the Assembly polls in J&K is a fight between those who abrogated Article 370 (BJP) and those who are claiming to bring it back (NC, PDP and Congress) and asserted that the Modi government will bury the terrorism so deep that it cannot rise again.

time-read
1 min  |
September 17, 2024
Returning Rishabh Under Spotlight
The Morning Standard

Returning Rishabh Under Spotlight

After missing out on Test cricket for almost two years, wicketkeeper-batter likely to make a return in the first Test vs Bangladesh

time-read
3 分  |
September 17, 2024
Nobel Laureate Slams UN For Silence, Inaction
The Morning Standard

Nobel Laureate Slams UN For Silence, Inaction

JAILED Nobel Peace Prize winner Narges Mohammadi on Monday urged the international community to act to end the "oppression" of women in Iran, two years after the start of a women-led protest movement.

time-read
1 min  |
September 17, 2024
The Morning Standard

7 members enter race to become next IOC prez

THE International Olympic Committee published a list Monday of seven would-be candidates who are set to run for election in March to succeed outgoing president Thomas Bach for the next eight years.

time-read
1 min  |
September 17, 2024
City hearing a chance to clear name or taint their dominance
The Morning Standard

City hearing a chance to clear name or taint their dominance

THE biggest challenge to Manchester City's Premier League dominance was due to start on Monday at a hearing into a slew alleged financial breaches.

time-read
2 分  |
September 17, 2024
ACT hockey: Harmanpreet's twin goals sink Korea; take India to final
The Morning Standard

ACT hockey: Harmanpreet's twin goals sink Korea; take India to final

SKIPPER Harmanpreet Singh's sublime form resulted in twin strikes as defending champions India entered the final of the Asian Champions Trophy with a clinical 4-1 win against South Korea in the semi-final here on Monday.

time-read
1 min  |
September 17, 2024
From tennis ball to pace sensation: Rana's journey
The Morning Standard

From tennis ball to pace sensation: Rana's journey

HE had not held a cricket ball in his hand until he turned 17 but only four years later Nahid Rana started hurrying world-class batters with his raw pace.

time-read
3 分  |
September 17, 2024
UNRAVELLING CHRONIC MIGRAINE IN TEENAGERS
The Morning Standard

UNRAVELLING CHRONIC MIGRAINE IN TEENAGERS

DOES your teenage son or daughter often complain of persistent, throbbing headaches? Parents might easily attribute these headaches to stress, exhaustion, or lack of sleep.

time-read
2 分  |
September 17, 2024