Govt to work out path to 4.5% fiscal deficit target amid high expenditures till FY26: Official
The government faces an increase in the subsidy bill, including free food grain and LPG schemes due to volatile prices.
Source: moneycontrol.com
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Tailwinds boost Q2 growth, but multiple headwinds loom ahead
IDFC FIRST Bank’s Economist Gaura Sengupta said the deflator, with a higher weight of WPI, was favourable for manufacturing than the services sector, which has a higher weight of Consumer Price Index (CPI) inflation.
Source: indianexpress.com
GDP data for July-September today: seen slower than Q1 but consumption, capex likely drivers
Services sector is seen contributing the maximum share to the overall growth in the second quarter, even as the sector along with agriculture may see a slight moderation.
Source: indianexpress.com
Food Inflation | Modi government likely to step up fight against rising food prices, high alert on inflation
Inflationary pressure on the economy is mounting because of erratic and inadequate rainfall in the kharif season and uncertainty on rains surrounding the ongoing rabi season, which could impact growth
Source: telegraphindia.com
Economists estimate Q2 GDP growth rate at 6.7-7% on services, govt capex progress
ICRA, which estimates Q2 GDP growth at 7 per cent topping the Monetary Policy Committee's forecast of 6.5 per cent, said growth may slow down in the second half of the financial year ahead of the elections as the impact of slowing capex and tempering of demand because of monetary tightening shows through in full.
Source: indianexpress.com