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- Q4 GDP numbers spring a surprise, lift FY23 growth to 7.2%; India stays fastest-growing major economy June 1, 2023India's economy grew by 7.2% in FY23, higher than previously predicted, due to strong growth in the last quarter. In that quarter, GDP rose by 6.1% YoY, while in the preceding two quarterly reports it had risen by 4.5% and 4.8% respectively. Despite concerns that private consumption was sluggish, with a rise of just 2.9%, an increase in government capit […]
- Agricultural products trade via e-NAM surges 41% in FY23 May 31, 2023Agricultural products trade through the electronic-National Agriculture Market (e-NAM) surged 41% to 18.6 million tonnes in 2022-23 from 13.2 million tonnes in the previous financial year. "Several innovative products have started trading through these mandis," said a senior official, who did not wish to be identified, adding that several products […]
- CEA sees risks to 6.5% growth forecast more evenly balanced May 31, 2023Chief economic adviser V Anantha Nageswaran on Wednesday predicted another year of "solid economic performance" by India in FY24, stressing that risks to the forecast of 6.5% growth are now more evenly balanced "than what we thought four months ago".
- 'Developers forced to put off SEZ leasing amid delay over new bill' May 31, 2023Further, delayed implementation of the DESH Bill along with fresh exit notices for FY24 by a few large tenants in January-March 2023 period has dampened the mood further. "As a result, all the office REIT managers - Embassy, Mindspace and Brookfield - have refrained from giving distribution guidance for FY24 given the uncertain near-term outlook. While […]
- Global goods trade indicates possible turnaround in second quarter of 2023, says WTO May 31, 2023These results are broadly consistent with the WTO's most recent trade forecast issued on April 5, which projects 1.7 per cent growth in world merchandise trade in 2023.
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