India’s logistics cost pegged at 7.97% of GDP in first systematic study
NEW DELHI : India’s logistics cost is estimated to be at 7.97% of its gross domestic product (GDP), according to a joint study by the Department for Promotion of Industry and Internal Trade (DPIIT)
US Economy on brink of recession, warns Moody’s Chief Economist
WASHINGTON : The state-level data in the US shows that the country is “on the edge of recession”, said Mark Zandi, chief economist at credit rating agency Moody’s. According to Zandi, who was among
With breezier toll exits, logistics movement in India looks to hit global fast lane
NEW DELHI : From 734 seconds in 2014, the waiting time at highway toll plazas has reduced to an average 47 seconds, the latest government data says—a development that ties into the country’s broader
India expects FY25 growth of over 7% : V Anantha Nageswaran
NEW DELHI : V Anantha Nageswaran, the Chief Economic Adviser said on Wednesday that there was a high possibility of GDP growth touching 8 per cent in FY24 on the back of robust growth
India will become fourth-largest economy by 2025 : IMF
WASHINTON D.C. : India’s nominal gross domestic product will likely outstrip Japan’s in 2025 to become the world’s fourth-largest economy, according to an International Monetary Fund estimate, a year earlier than the previous projection. India’s GDP will
RBI restates 7% GDP growth forecast for FY25 contrary to market expectations of a raise
NEW DELHI : The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has kept its growth projection for India’s Gross Domestic Product (GDP) unchanged at 7% for the 2024-25 fiscal year, Governor Shaktikanta
Centre likely to achieve fiscal deficit target of 5.9% of GDP in FY24
NEW DELHI : The Indian government is likely to achieve its fiscal deficit target of 5.9% of gross domestic product (GDP) in the financial year 2023-24, Junior Finance Minister Bhagwat Karad said on Monday. India’s fiscal
Finance Ministry may assume nominal GDP growth at 11% for FY25
NEW DELHI : The Finance Ministry may peg nominal gross domestic product (GDP) growth at around 11 percent for the next financial year, about 50 basis points higher than the estimate for 2023-24, a
