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Among the domestic updates, India's real GDP growth was recorded at 8.2% for FY24 surpassing expectations driven by government spending, resilient consumer demand, and vibrant manufacturing activity. On the other hand, the Asian Development Bank is said to have pledged US$2.6 billion in sovereign loans to India in 2023 to support urban development, industrial corridors, and other projects. Among the global updates, consumer confidence in the US improved in May after three straight months of declines. Check for more global and local updates in our latest weekly roundup, 𝙏𝙝𝙚 𝙒𝙚𝙚𝙠 𝙏𝙝𝙖𝙩 𝙒𝙖𝙨. #onwardsandupwards #macroeconomy #economicindicators #roundup #takeaways #economics #capitalmarket #bonds #inflation #bondyield #financialservices #data #growth

𝗙𝗶𝘁𝗰𝗵 𝗥𝗮𝘁𝗶𝗻𝗴𝘀 𝗥𝗮𝗶𝘀𝗲𝘀 𝗜𝗻𝗱𝗶𝗮'𝘀 𝟮𝟬𝟮𝟰/𝟮𝟱 𝗚𝗗𝗣 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝘁𝗼 𝟳.𝟮% Fitch Ratings has revised India's GDP growth forecast for the 2024/25 fiscal year to 7.2%, up from 7.0%. This adjustment is based on strong consumer confidence and sustained investment, although the Reserve Bank of India is expected to implement only a single 25-basis-point rate cut. Globally, Fitch increased its 2024 growth forecast to 2.6%, citing improved European recovery, China's export revival, and robust demand in emerging markets. #finance #news #India #GDPGrowth #EconomicForecast #FitchRatings Source:- https://lnkd.in/gkKy-wBh

Our Founder and Economist, Mitali Nikore, joined host Vikram Oza on ET NOW to discuss India’s economic outlook. Key takeaways: 1️⃣ The #globaleconomy slowdown is impacting India's 🇮🇳 #exports and economic activity. 2️⃣ Internal issues like #supplychain disruptions and policy uncertainties are affecting #GDP growth. 3️⃣ The RBI’s neutral stance signals a potential rate cut 💰 in the next 1-2 quarters, crucial to prevent capital outflow to the US. 4️⃣ Despite challenges, India achieved a strong #growthrate of 7% 📈, outperforming many emerging markets. Watch the full discussion here: https://lnkd.in/gM98VTMY #IndianEconomy #Inflation #RBI #InterestRates #EconomicGrowth

𝐖𝐨𝐫𝐥𝐝 𝐁𝐚𝐧𝐤 𝐑𝐚𝐢𝐬𝐞𝐬 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 The World Bank has just raised India's GDP growth forecast for FY25 to 7%, up from its previous estimate of 6.6%. This makes India the fastest-growing major economy in the world! 🇮🇳🚀 🔹 Q1 FY25 growth at 6.7%. 🔹 Services sector and industrial performance are strong drivers. 🔹 Positive projections from 𝐌𝐨𝐨𝐝𝐲’𝐬 and 𝐅𝐢𝐭𝐜𝐡 affirm India's solid economic outlook. ------ #IndiaEconomy #GDPGrowth #WorldBank #BusinessTrends #EconomicOutlook #GrowthOpportunities

#Update The Asian Development Bank (ADB) has forecast India's economy to grow by 7% in FY 2024-25. Strong industrial and services sectors, increasing private investment, and urban consumption are driving this growth. The government's focus on employment-linked incentives is expected to boost job creation and domestic consumption. The central government's debt is expected to decrease, and the general government deficit is predicted to fall below 8% of GDP. India's current account deficit is expected to reduce due to stronger exports, lower imports, and increased remittances. However, inflation pressures and geopolitical risks remain concerns. Read the story: https://ow.ly/PLaK50Tw7Lc #AsianDevelopmentBank #IndiaEconomy #PrivateInvestment #JobCreation #DomesticConsumption #Exports #InflationPressures #GeopoliticalRisks #EconomicForecast #GDPGrowth

India has the potential to become a $55 trillion economy by 2047 if both state and central governments implement growth-enhancing policies to boost the nation's growth rate from 7% to 8%, says Krishnamurthy V Subramanian, Executive Director of the IMF. Despite challenges, this goal is achievable with strategic reforms, especially given India's private credit to GDP ratio lags behind advanced economies. #India2047 #EconomicGrowth #PolicyReform #IMF #IndiaAt100

Low inflation and currency can amplify GDP to $55 trillion by 2047: Krishnamurthy Subramanian The long-term forecast of India's growth potential misses a key variable - the currency movement. Krishnamurthy Subramanian, executive director at the International Monetary Fund and former chief economic advisor, told ET in an interview that India could be a $55 trillion economy by the 100th year of independence if the twin effects of inflation targeting and fiscal prudence are factored in. IBS Gurgaon CNBC The Economic Times CNBC-TV18 CNBC International #IndiaGDP #GDPForecast #IndiaEconomy #EconomicOutlook #IndiaGrowth #IndiaEconomicForecast #IndiaFinance #GDPTrends #EconomicForecast #India2024GDP

Exciting insights from Mr. Ajay Banga, President of the World Bank, on India's growth rate—described as the "shiniest part of the global economy." Achieving 6-7% growth in today’s climate showcases India's resilience, driven by a strong domestic market. He also highlighted the need to focus on quality of life improvements, like air and water quality. Looking forward to seeing the impactful results from the World Bank's collaboration with India! #IndiaGrowth #WorldBank #SustainableDevelopment #Shipping #Logistics #FreightForwarding #ArnaInternational #InnovationInIndia #EmergingMarkets #InvestInIndia

The World Bank has revised its forecast for India's GDP growth for FY25, raising it to 7%. This increase highlights India's economic resilience amid global challenges, such as inflationary pressures, geopolitical tensions, and supply chain disruptions. The report emphasized India's ability to navigate these adversities while maintaining steady growth, driven by strong domestic demand, government reforms, and robust performance in sectors like manufacturing and services. #worldbank #india #gdp #startuplife #startupbusiness #idea_glow_up #Idea_Glow_Up @idea_glow_up