News
India’s Q3 GDP grows by 7.8% per new base year series
2+ hour, 51+ min ago (324+ words) The Ministry of Statistics and Programme Implementation (MoSPI) on Friday released the New Series of Annual and Quarterly National Accounts Estimates with the base year 202223. It replaces the previous series with a base year of 201112. Indian economy is estimated to…...
Industry must invest, innovate; take advantage of Budget announcements: Modi
6+ hour, 48+ min ago (283+ words) Prime Minister Narendra Modi on Friday asked the industry to come forward with investment and innovation, and exhorted financial institutions to help them with practical solutions and strengthen market confidence. Addressing a post-Budget webinar on 'Technology, Reforms and Finance for…...
India's Q3 GDP for FY26 likely at 8.3% despite adverse base effect: UBI Report
9+ hour, 41+ min ago (347+ words) The report highlighted that nominal GDP growth likely slowed further to 8.5% from 8.7% in Q2 and 10.3% in the same period last year. The country's Gross Domestic Product (GDP) growth for the third quarter of the current financial year (Q3 FY26) is likely to remain…...
India’s growth may outpace current estimates after data overhaul
9+ hour, 46+ min ago (350+ words) India's economy may grow faster than previously estimated this financial year as the government unveils a new framework for calculating output, highlighting the resilience of the world's most populous nation to global trade disruptions. On Friday, the government will shift…...
The large US public debt, and the way forward
13+ hour, 23+ min ago (420+ words) For a clear understanding, we need to first go back in time. In the aftermath of the Global Financial Crisis in 2007, the US public debt rose substantially. However, the interest cost was low for a long time. This is because…...
Understanding the New Series of GDP - Frequently Asked Questions
20+ hour, 56+ min ago (66+ words) Here are the frequently asked questions on the new series of GDP Understanding the New Series of GDP - Frequently Asked Questions The Union Government and the Ministry of Statistics and Programme Implementation (MoSPI) will announce the long-awaited new series for…...
New GDP series to use 600 item level data ; adopts double deflation for sharper growth estimates
21+ hour, 44+ min ago (402+ words) A senior official said that once the national GDP numbers under the new base year are released, work will begin on compiling revised growth data for States and Union Territories. Under double deflation, the prices of finished goods (output) are…...
Gold futures drop ₹539 to ₹1,60,606/10g
1+ day, 1+ hour ago (120+ words) Gold futures decline by "539 to "1,60,606/10g amid weak global cues and reduced spot demand. Gold futures drop "539 to "1,60,606/10g Analysts attributed the fall in gold prices to weak global cues Gold prices on Thursday dropped "539 to "1,60,606 per 10 grams in futures trade amid…...
RBI's additional liquidity support to wind down after March, bankers say
1+ day, 6+ hour ago (355+ words) The Indian central bank's additional liquidity support to lenders, which has pushed overnight rates "towards the floor of the policy rate corridor in a bid to "ease money market stress and improve transmission, is unlikely "to extend beyond March, according…...
RBI to conduct ₹25,000 crore switch auction on March 2
1+ day, 9+ hour ago (186+ words) The Reserve Bank of India (RBI) on Wednesday announced that it will conduct a switch auction of government securities worth "25,000 crore on March 2. The auction will take place between 10:30 AM and 11:30 AM. The result of the auction will be announced…...