Gross Domestic Product

The RBI needs to open a two-front war to mitigate the fallout of US rate hikes, Barclays Vice President Shishu Ranjan told Asianet News English.

Gross domestic product (GDP) growth of 13.5 per cent year-on-year compares to a 20.1 per cent expansion a year back and 4.09 per cent growth in the previous three months to March.

"We're not going to have a recession," Biden told reporters. "My aim is that we transition from quick to sustainable growth," Biden said, noting that the US unemployment rate of 3.6 percent is historically low.

Even though the last quarter (January 2022-March 2022) growth of the financial year 2021-22 was the lowest for the year, it has shown a silver lining for the Indian economy for two reasons, say experts

According to the authors, urban poverty increased by 2 percentage points during the demonetisation event in 2016, but then declined dramatically. The research also stated that rural poverty increased by 10 basis points in 2019, most likely owing to a halt in GDP.

Even though China's economy grew at 4.8 per cent, there are 'significant difficulties and challenges'.

Accordingly, the ratings agency believes that its ‘FY23 Economic Outlook’ released in January 2022 is unlikely to hold in view of the global geo-political situation arising out of the Russia-Ukraine conflict.

YouTube, released research by Oxford Economics, an independent consulting organization, that stated that the number of YouTube channels earning six figures or more in income is rising more than 60% year on year.

According to the survey report presented by Finance Minister Rameshwar Oraon, "it is expected to achieve 8.8 percent growth in its real Gross State Domestic Product (GDP) in the current fiscal year (2021-22)".

This Budget has numerous significant measures that would move India ahead in the direction of modernity, according to the Prime Minister, who also stated that India's economy has been rising steadily as a result of decisions made over the previous seven years.