Bharat Express

GDP

Manufacturing and capital spending as a percentage of GDP has continuously risen, Morgan Stanley said, adding export market share is projected to more than double to 4.5 per cent by 2031.

Last week, Reserve Bank Governor Shaktikanta Das said the growth for 2022-23 is expected to be more than the advance estimate of 7 per cent.

Service exports jumped over 40% in FY23, according to government data last month.

The country's GDP grew at 6.1 per cent in January-March 2023, the data showed.

Moreover, its global pitch for mutual cooperation has also promoted various agendas that include digital transformation, inclusive development, clean energy, gender equality, sustainable infrastructure and adequate reforms in the international system.

India's remittances exceed $100 billion in 2022

Finance Minister Nirmala Sitharaman expressed her concerns regarding the global economic outlook despite India's projected growth rate of over 6% this year.

We forecast that the global public debt-to-GDP ratio would reach 100% once more by 2028.

The percentage of states’ combined capital expenditure in the Gross Domestic Product (GDP) may experience a slight increase from 2.5% in FY23 to 2.8% in FY24, according to India Ratings. Also Read: Piyush Goyal Predicts India’s Rise to Become the Third-largest Economy by 2027-28 The 15th Finance Commission suggested that states could have a fiscal …

The World Bank's latest projection indicates that Pakistan's economy will only grow by 0.4% this year, down from its previous estimate of 2% growth in October.