Tag: Private consumption

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Israel’s GDP Plunges as War Takes Heavy Toll on Economy

Israel's GDP plunges as war with Hamas takes heavy toll on economy, with a sharp contraction in output and challenging road ahead for recovery.

Foreign Portfolio Investors (FPIs) Flock to Indian Stock Market, December Sees Significant Inflow

Foreign investors flock to Indian stock market in 2023, with significant inflow in December. Positive sentiment, strong GDP growth, and political stability fueling their interest.

South Korea’s Q2 GDP Rises 0.6% as Import Drop Boosts Net Export

South Korea's GDP rises in Q2, led by drop in imports. Concerns remain about exports and real estate market. Limited economic growth forecast.

Private Sector Investments Crucial for Economic Growth, States CEA

India's Chief Economic Advisor, Dr V Anantha Nageswaran, projects robust growth for the Indian economy with private sector capex expected to be a vital contributor.

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India’s GDP Reaches $3.75 Trillion Mark in 2023, According to Finance Minister Nirmala Sitharaman

India's GDP surpasses $3.75tn, growing at 7.2% in FY22-23, making it the world's fifth-largest economy. Moody's projects growth of 6-6.3% for Q1 FY23-24.

India Expected to Remain Among the Fastest Growing Major Economies Through 2023, says RBI Governor

Discover how strong domestic demand has propelled India's economy to become one of the world's fastest-growing, with a projected 6.5% GDP growth by 2023.

Private Sector Investment to Boost Economic Growth, Says Chief Economic Advisor Nageswaran

India's Chief Economic Advisor, V Anantha Nageswaran, is optimistic about India's economic recovery, projecting a real GDP growth of 6.5% for FY24. He believes that India's growth potential is crucial to the global economy and anticipates that the private sector's capital expenditure will contribute significantly. Nageswaran highlighted the strong growth in India's agriculture, industry, services, and construction sectors and recognized the need for a managed transition from fossil fuels.

RBI Keeps Policy Repo Rate Unchanged Amid Softening Inflation

The Reserve Bank of India has maintained the current repo rate of 6.5% following a pause in April 2023 due to inflation concerns. With the central bank raising interest rates by 250 basis points since May 2022, RBI Governor Shaktikanta Das contends that risks to India's GDP figures are evenly balanced. Many international agencies forecast India to be a rapidly growing economy fueled by private investment and consumption.

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