Reserve Bank of India staff have pegged India's GDP growth in Oct-Dec at 7.6%, keeping it 20 basis points above the central bank's official projection. They also lowered their forecast for the Jul-Sept GDP growth print from their earlier estimate by 10 basis points to 6.7%. This is 30 bps lower than the RBI's official projection.Register to read
The sensitivity of India's merchandise exports to changes in real exchange rate seems to have declined over the years, according to a paper by the Reserve Bank of India staff. This reflects diversification across markets and export items, rising technology intensity and higher value addition in manufacturing exports, increasing participation in global supply chains, and improving productivity and competitiveness, it said.Register to read
There may be some undershoot in the government's capital expenditure in 2024-25 (Apr-Mar), Economic Affairs Secretary Ajay Seth said Wednesday. Capital spending during the year is likely to be close to the FY24 level, Seth said.Register to read
The exit polls on Wednesday hinted at an edge for the incumbent Mahayuti alliance consisting of the Bharatiya Janata Party, the Shiv Sena, and the Nationalist Congress Party in a tight contest for 288-member Maharashtra Assembly. The pollsters forecast 125 to 195 seats for the Mahayuti alliance. The Maha Vikas Aghadi alliance of the Congress, the Shiv Sena (Udhhav Balasaheb Thackeray) and the Nationalist Congress Party (Sharadchandra Pawar) would get 85 to 150 seats, the exit polls forecast.Register to read
Exit polls on Wednesday predicted a close fight in elections to the 81-member Jharkhand Assembly. The pollsters predicted 25 to 59 seats for the incumbent Indian National Developmental Inclusive Alliance of the Congress, the Jharkhand Mukti Morcha, the Rashtriya Janata Dal and the Communist Party of India (ML) Liberation. The Bharatiya Janata Party-led National Democratic Alliance may get 17 to 53 seats, the pollsters predicted.Register to read