Guwahati, May 29 (IANS) Assam Chief Minister Himanta Biswa Sarma on Thursday highlighted the state’s steady economic progress and fiscal discipline, asserting that the state is moving towards the vision of a “Viksit Assam” through sustained growth and prudent financial management. Sharing key economic indicators, the Chief Minister said Assam has successfully maintained a revenue surplus for five consecutive years from 2020 to 2025, reflecting stronger fiscal health and disciplined public …
Latest Gross Domestic Product News & Updates
Government health expenditure in India has increased to 1.43 per cent of Gross Domestic Product (GDP) in 2022–23, which is a steady rise in public investment in the healthcare sector, according to data released by the government on Wednesday.According to the National Health Accounts (NHA) 2022–23 report, Government Health Expenditure (GHE) as a share of GDP has risen from 1.15 per cent in 2013–14 to 1.43 per cent in 2022–23. Using the new GDP series with base year 2022–23, the share st…
Guwahati, May 26 (IANS) Assam Chief Minister, Himanta Biswa Sarma, on Tuesday highlighted a series of achievements of his government in the Assembly, claiming that the state has witnessed major economic growth, reduction in poverty and expansion in employment opportunities over the past few years. Addressing the House during a discussion, Sarma said Assam’s Gross Domestic Product (GDP) has increased by Rs 8.71 lakh crore in the last five years, reflecting what he described as rapid economic pr…
Gandhinagar, May 1 (IANS) Gujarat’s per capita income has crossed Rs 3 lakh for the first time, reaching a level around 60 per cent higher than the national average, according to official data released on Friday.The figure is said to show the state’s sustained economic expansion, with Gujarat contributing 8.3 per cent to India’s Gross Domestic Product (GDP) despite accounting for about five per cent of the population and six per cent of the land area.The state also holds a 19 per cent shar…
Islamabad, March 24 (IANS) If the war in Iran does not end quickly, it could give the most devastating shock to Pakistan’s economy in the living memory, a report has stated. Pakistan remains most exposed to the war’s evolving fallout and its economy faces several fault lines considering that it imports majority of its fuel and food from West Asia and relies heavily on the remittances from Gulf. “The country’s misfortune is compounded by timing. This is not an economy facing a shock from a posi…
New Delhi, March 7 (IANS) Private investment in Bangladesh fell to 22.03 per cent of Gross Domestic Product (GDP) in the fiscal year 2024–25, marking the lowest level in 11 years, a report has said. The decline reflects growing challenges in the country’s investment climate and broader macroeconomic stress, according to data released by the Bangladesh Bureau of Statistics cited by The Daily Star.Public investment also dropped for the third consecutive year as the implementation of the govern…
Chandigarh, March 2 (IANS) Haryana Chief Minister Nayab Singh Saini on Monday proposed a state budget of Rs 2.23 crore for 2026-27, a 10.28 per cent increase over the revised estimate of Rs 2.02 crore for 2025-26, with a focus on strengthening the rural economy. He announced the creation of a third power distribution company, named Haryana Agri DISCOM, specifically designed to cater to the farming community.Presenting his second budget, CM Saini, who also holds the Finance Department portfolio, …
New Delhi, Feb 27 (IANS) India’s gross domestic product growth for the third quarter of the current financial year (Q3 FY26) will likely remain elevated at 8.3 per cent, driven by demand fuelled by goods and services tax (GST) rate cut despite an unfavourable base effect, a report has said.The report from Union Bank of India said that gross value added growth for Q3 FY26 likely improved to 8 per cent from 6.5 per cent in Q3 FY25, though it may be marginally slower than the 8.1 per cent recorde…
New Delhi, Jan 20 (IANS) The private large-scale manufacturing (LSM) sector, the rise in unemployment and the rise in the average national wage between 2020-21 and 2024-25 in Pakistan challenges the government’s industrial growth data claims, according to a new report.Anjum Ibrahim writes in Business Recorder that the “government narrative on the state of the economy, not surprisingly, remains extremely upbeat though there are periodic glimpses of a deep-seated concern, given the palpable ge…
New Delhi, Dec 22 (IANS) The Reserve Bank of India (RBI) may cut the policy repo rate by 25 basis points to 5 per cent in its February monetary policy meeting given the RBI’s dovish guidance, a new report has said.The Union Bank of India (UBI) said in the report that there is scope for a final 25 bps cut either in February or April 2026, also due to central bank’s repeated references to benign inflation and subdued underlying price pressures.If adjusted for around 50 bps inflation contribution…