Page 3 - Programme Implementation On News Today

Addressing a public rally in Dhanbad's Sindri, PM Modi underlined that the growth rate of 8.4 percent registered during the financial quarter from October to December 2023 showcases India's growing potential and fast-paced development towards realising the goal of Viksit Bharat.

India's GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24, and the country continued to remain

India's GDP growth for the third quarter (YoY) surpassed expectations, recording an actual rate of 8.4%, outperforming the anticipated 6.6%, and exceeding the previous quarter's 7.6%.

Real GDP or GDP at Constant (2011-12) Prices in the year 2023-24 is estimated to attain a level of Rs 172.90 lakh crore, against the FRE (first revised estimates)of GDP for the year 2022-23 of Rs 160.71 lakh crore. India’s GDP Growth at Massive 8.4% in October-December Quarter; Financial Year 2023-24 Growth Upwardly Revised at 7.6%.

Also, National Statistical Office revised the GDP growth for 2022-23 to 7% against the earlier estimate of 7.2%

Get latest articles and stories on India at LatestLY. The CEA said that demand conditions are favourable, reflected in healthy passenger vehicle sales, domestic air passenger traffic, and a buoyant construction sector India News | Global Agencies Will Reassess GDP Estimates About India: Chief Economic Advisor Nageswaran.

Markets may not be too enthused by the GDP boost since growth seems to have come on the back of base revision, and net tax collection growth without the supporting GVA gain

In February monetary policy, the RBI retained the key interest rate at 6.5 percent

Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 52.50 points or 0.24 percent.

Retail inflation in India eased to 5.10% in January, down from 5.69% in December. Inflation rates in rural and urban areas also decreased. While the retail inflation is within the RBIs comfort level, it remains above the ideal 4% scenario. Analysts believe that the RBI may hold interest rates steady until at least the June policy review, but if the trajectory persists, rate cuts may be implemented. The arrival of early harvest and a favorable base effect are expected to alleviate price pressures...