HERE WAS ALREADY considerable pessimism about the Indian economy's growth trajectory in FY25. High-frequency data as well as the commentary from companies have been pointing at weak consumer demand. The rise in goods and services tax collections, for instance, have consistently undershot nominal gross domestic product growth. Even in that background, the first advance estimates released by the government on Tuesday came as a surprise. At 6.4%, it's a four-year low, and is a sharp decline from the 8.2% growth in FY24. The advance estimates number will surely be achieved as growth in the second half of the fiscal year can be expected to easily clock a growth of 6.7%. But the headwinds could strengthen beyond that. If we have to avoid another disappointment in FY26, some immediate measures need to be taken to resuscitate demand.
Denne historien er fra January 08, 2025-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 08, 2025-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Setting a cat among the pigeons
THE WORLD SHOULD EXPLORE NIMBLE, COST-EFFECTIVE OPTIONS TO THE STARGATE APPROACH
$100-bn court challenge for Goldman and friends
BANKS ARE USED to fending off litigation. Goldman Sachs Group's most recent annual report includes 14 pages of fine print detailing all the proceedings it faces. But defendant has turned plaintiff.
Grade A warehousing mkt to hit 700 mn sq ft
THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).
Real Madrid Is First Club To Top $1-Bn Revenue
REAL MADRID BECAME the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24, with the Spanish side topping the Deloitte Football Money League as the world's highest revenue-generating club once again.
IRCTC teams up with ITC, Tata Group, Harvest Gold to revamp food catering
Refurbishing Refreshments
Rupee falls 13 paise tracking Asian peers, dollar demand
THE RUPEE ENDED 13 paise down against the dollar to 86.46 on Thursday due to a decline in the most regional currencies and demand for dollars from foreign banks, said forex traders.
Special fund for MFIs...
The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs
Cloud, GCCs key digital economy drivers: MeitY report
THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MeitY has said.
OpenAI to Indian court: Can't delete ChatGPT training data
'BREACH OF US LEGAL OBLIGATIONS'
Amazon Web to invest $8.3 billion
Amazon Web Services (AWS) will invest $8.3 billion in cloud infrastructure in Maharashtra by 2030, creating a pivotal moment for the state's digital economy.
