filmov
tv
GDP Outlook: First GDP Numbers Post-Election & Budget 2024: Growth Seen Below 7% In Q1FY25
Показать описание
#Easynomics #GDPGrowth #IndianEconomyGrowth #Budget2024 #GDPUpdate
India's GDP growth is likely to have moderated to a five-quarter low of 6.9% in Apr-Jun, mainly because of a slowdown in government spending due to the general election, according to the median of estimates of 21 economists polled by Informist. The Indian economy grew 7.8% a quarter ago and 8.2% a year ago. The National Statistical Office is scheduled to release GDP data for Apr-Jun on Friday. The Indian economy has grown faster than expectations over the last year, expanding 8.2% in 2023-24 (Apr-Mar). Growth last year was led primarily by government-led capital expenditure. But with government spending limited due to the Model Code of Conduct imposed during Apr-Jun, GDP growth is likely to have declined, economists said. In fact, the Reserve Bank of India earlier this month lowered its GDP growth forecast for Apr-Jun by 10 basis points to 7.1%, citing lower than expected general government expenditure and corporate profitability. The Centre’s total expenditure declined 7.7% on year in Apr-Jun, while capital spending slumped 35.0%. Other high frequency indicators, however, showed improved manufacturing activity in Apr-Jun. The manufacturing Purchasing Managers’ Index averaged 58.2 in Apr-Jun, higher than 57.5 in the previous quarter. Growth in industrial output, as measured by the Index of Industrial Production, was 5.2% in Apr-Jun, compared with 5.1% in Jan-Mar. Merchandise exports, too, rose 6.0% on year in Apr-Jun. While GDP growth in Apr-Jun is projected to moderate from the previous quarter, economists expect the growth in the overall gross value added to rise 6.4% from a four-quarter low of 6.3% in Jan-Mar. There was a huge difference between GDP growth and gross value added growth in the second half of 2023-24. India's GDP grew 7.8% in Jan-Mar, while GVA growth lagged well behind at 6.3%. This wedge between GDP growth and GVA growth was because of a rise in net taxes. Net taxes, the difference between indirect taxes and subsidies, rose 22.2% on year in Jan-Mar and 19.1% in 2023-24. This was because of higher tax collections and lower subsidy payouts. Watch Business Today TV Managing Editor Siddharth Zarabi in conversation with Indranil Pan, Chief Economist, YES Bank and Aditi Nayar, Chief Economist, ICRA.
#PostElectionBudget #ICRA #EconomicForecast #Finance #EconomicTrends #IndiaGrowth #BusinessNews
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
India's GDP growth is likely to have moderated to a five-quarter low of 6.9% in Apr-Jun, mainly because of a slowdown in government spending due to the general election, according to the median of estimates of 21 economists polled by Informist. The Indian economy grew 7.8% a quarter ago and 8.2% a year ago. The National Statistical Office is scheduled to release GDP data for Apr-Jun on Friday. The Indian economy has grown faster than expectations over the last year, expanding 8.2% in 2023-24 (Apr-Mar). Growth last year was led primarily by government-led capital expenditure. But with government spending limited due to the Model Code of Conduct imposed during Apr-Jun, GDP growth is likely to have declined, economists said. In fact, the Reserve Bank of India earlier this month lowered its GDP growth forecast for Apr-Jun by 10 basis points to 7.1%, citing lower than expected general government expenditure and corporate profitability. The Centre’s total expenditure declined 7.7% on year in Apr-Jun, while capital spending slumped 35.0%. Other high frequency indicators, however, showed improved manufacturing activity in Apr-Jun. The manufacturing Purchasing Managers’ Index averaged 58.2 in Apr-Jun, higher than 57.5 in the previous quarter. Growth in industrial output, as measured by the Index of Industrial Production, was 5.2% in Apr-Jun, compared with 5.1% in Jan-Mar. Merchandise exports, too, rose 6.0% on year in Apr-Jun. While GDP growth in Apr-Jun is projected to moderate from the previous quarter, economists expect the growth in the overall gross value added to rise 6.4% from a four-quarter low of 6.3% in Jan-Mar. There was a huge difference between GDP growth and gross value added growth in the second half of 2023-24. India's GDP grew 7.8% in Jan-Mar, while GVA growth lagged well behind at 6.3%. This wedge between GDP growth and GVA growth was because of a rise in net taxes. Net taxes, the difference between indirect taxes and subsidies, rose 22.2% on year in Jan-Mar and 19.1% in 2023-24. This was because of higher tax collections and lower subsidy payouts. Watch Business Today TV Managing Editor Siddharth Zarabi in conversation with Indranil Pan, Chief Economist, YES Bank and Aditi Nayar, Chief Economist, ICRA.
#PostElectionBudget #ICRA #EconomicForecast #Finance #EconomicTrends #IndiaGrowth #BusinessNews
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
0:24:31
GDP Outlook: First GDP Numbers Post-Election & Budget 2024: Growth Seen Below 7% In Q1FY25
0:14:46
Experts Discuss India's GDP Numbers For The First Quarter Of FY23 | Indianomics | CNBC-TV18
0:24:01
Making Sense Of India's GDP Data For The First Quarter | Indian GDP Q1 | Express Economist
0:07:00
Gross Domestic Product (GDP)
2:27:59
GDP Data | Bloomberg Surveillance 01/26/2023
0:37:55
Q1FY25 GDP Growth Explained: First GDP Numbers Post-Election & Budget 2024
0:08:03
What does GDP data tell us about the economy? Q4 GDP Numbers | GDP Growth | News | Business News
0:09:09
Economist talks GDP, recession and depression, 'These are numbers we haven't seen since 19...
0:04:01
GDP grows by 1.1% in first quarter of 2021
0:01:05
What’s the Outlook for U.S. GDP in 2021?
0:06:22
India's Economy Soars, Latest GDP Numbers Beat Global Expectations | Vantage with Palki Sharma
0:01:05
US Economy: 1Q Annualized GDP Growth Revised Down to 1.3%
0:11:54
Monthly Economic Outlook – December 2024
0:03:22
WHAT DOES 23% FALL IN GDP MEAN?
0:14:13
Y1 16) Measures of Economic Growth & Living Standards - GDP, GDP/Capita, GNI, Green GDP
0:46:16
What Are The Latest GDP Numbers? How India's Growth Rate Impacts You? | India Upfront
0:03:34
India's GDP numbers of second quarter released, here's how to read them
0:13:29
India's Q1 GDP Seen Below 7% Amid Moderate Govt Expenditure During Elections & El Nino Summ...
0:10:58
Last Week's GDP Number + Inflation Data (PCE/Core PCE) | Market Outlook: Week of 4/29
0:08:58
Q1 GDP numbers decoded: Agri growth amid farm protests but govt spending needs to do better
0:02:03
GDP Growth Slows More than Expected in the First Quarter, Preliminary Figures Show
0:08:32
Making sense of China's GDP data
0:03:39
Inflation Updates, Housing Data, and GDP [Economy This Week]
0:25:28
Q2 GDP Growth Data At 5.4%, Slowest In 7 Quarters | India GDP Growth | State Of The Economy
Комментарии