At 7.2% growth, the GDP data surpassed everyone since most estimates, including RBI’s, were closer to 7%. But the most inconvenient part of the GDP data is the weakness in the growth rate of Private Final Consumption Expenditure.
Exclusive for Subscribers from Monday to Friday: The Indian Express UPSC Key April 4, 2023 will help you prepare for the Civil Services and other competitive examinations with cues on how to read and understand content from the most authoritative news source in India.
REVENGE spending or pent-up demand is one of the strongest growth drivers of the Philippine economy this year, but this rise in consumption would not be enough for GDP growth to exceed 6 percent this year. Local think tank First Metro Investment Corp.-University of Asia and the Pacific (FMIC-UA&P) Capital…
According to a press release by Ministry of Statistics & Programme Implementation, Government of India, on the First Advance Estimates of National Income, 2022-23, growth in real GDP during 2022-23 is estimated at 7.0 per cent as compared to 8.7 per cent in 2021-22. The press note states the following points: 1. Real GDP…