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Searched Tag: india s gdp

Experts Push For 2.5 % Of GDP Healthcare Budget.

Industry urges 2.5 pc of GDP for healthcare services

July 10, 2024, 06:20 PM - 2 min read

The healthcare industry in India is urging the government to increase its expenditure on healthcare to 2.5% of the GDP in the upcoming Budget 2024-25. This call to action comes as the nation grapples with economic development challenges and the need to provide essential services to a growing population.

India's debt-to-GDP ratio drops to 18.7% in 2024

June 27, 2024, 11:58 AM - 2 min read

India’s external debt to GDP ratio fell to 18.7% in March 2024 from 19.0% in March 2023. Despite a $39.7 billion rise in external debt to $663.8 billion, high economic growth boosted GDP, lowering the debt-to-GDP ratio.

The Indian economy is set for a major structural shift, aiming for a sustained 8% growth rate, according to the RBI Governor Shaktikanta Das. However, he cautioned that any misstep in monetary policy could derail this growth trajectory.

India nears 8% growth, warns on policy errors: Das

June 26, 2024, 12:02 PM - 2 min read

Speaking at the Annual General Meeting of the Bombay Chamber of Commerce on Tuesday, Das defended the monetary policy committee's (MPC) decision to maintain the 4% inflation target. He emphasized the importance of avoiding policy errors related to inflation control. Earlier this month, the MPC kept the policy interest rate unchanged at 6.5% for the eighth consecutive time, citing inflationary concerns.

CII projects 8% economic growth for 2024-25

June 14, 2024, 03:11 PM - 2 min read

The Confederation of Indian Industry (CII) expects India's economy to grow at 8% in 2024-25, driven by improved agricultural performance, increased private investment, and favorable monsoon conditions.

RBI revises GDP growth forecast to 7.2% for FY25

June 7, 2024, 12:23 PM - 2 min read

RBI revised its GDP growth projection for the current fiscal to 7.2%, citing rising private consumption, rural demand revival, and favourable monsoon forecasts, while emphasising domestic factors as the primary driver for monetary policy decisions despite global economic trends.

Economists laud India's 8.2% GDP growth in FY24

May 31, 2024, 08:33 PM - 2 min read

India’s economy grew 7.8 per cent in the March quarter, pushing up the annual growth rate to 8.2 per cent, according to official data released on Friday.