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India’s GDP nearing to $20 trillion, per capita income at $10k by 2047, says Bibek Debroy

India’s GDP nearing to $20 trillion, per capita income at $10k by 2047, says Bibek Debroy

by AIP Online Bureau | Jan 5, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

New Delhi: India’s GDP will be close to USD 20 trillion by 2047 and per capita income may reach USD 10,000 (at current value of USD), Bibek Debroy, chairman, Economic Advisory Council to the Prime Minister, said on Wednesday. Virtually addressing the inaugural...
India is a bright light economy, but key structural reforms needed for $10 trillion GDP: IMF chief economist

India is a bright light economy, but key structural reforms needed for $10 trillion GDP: IMF chief economist

by AIP Online Bureau | Oct 13, 2022 | Eco/Invest/Demography, Indian News

Pierre-Olivier Gourinchas, chief economist,IMF ”The way these digital tools can be deployed to improve financial inclusion or to facilitate access to administrative services, and things like that. And that is a testimony to the sort of innovation in that sector...
India’s GDP to grow at 7.4 pc in this fiscal: Sitharaman

India’s GDP to grow at 7.4 pc in this fiscal: Sitharaman

by AIP Online Bureau | Aug 27, 2022 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman,Union Finance Minister “India is still the fastest growing economy. We are definitely at the range of 7.4 per cent (GDP). The level will continue even the next year.” New Delhi: Highlighting the recovery of the economy and flow of...
RBI raises key lending rate by 50 basis points to check raging inflation

RBI raises key lending rate by 50 basis points to check raging inflation

by AIP Online Bureau | Jun 8, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Wealth Management/ Philanthropy

Shaktikanta Das.Governor,RBI RBI Governor Shaktikanta Das said that real GDP for FY23 is seen at 7.2%, and that for Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1%, and Q4 at 4%. The inflation projection for the current financial year is seen at 6.7% and for Q1 at 7.5%, Q2 at...

GDP grows 4.1 pc in Jan-Mar qtr; 8.7 pc in FY22

by AIP Online Bureau | May 31, 2022 | Eco/Invest/Demography, Indian News, Policy

As per the data, the Indian economy expanded by 8.7 per cent in 2021-22 against a 6.6 per cent contraction in 2020-21 New Delhi: India’s economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent, official data...
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