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Tuesday, December 10, 2024

Englishதமிழ்বাংলাമലയാളംગુજરાતીहिंदीमराठीBusinessबिज़नेसInsurance


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NSE 52 Week High
Wipro
₹308.8
5.05
1.66%
Max Heal.Ins
₹1117.75
0.8
0.07%
Sagility Ind
₹43.48
2.07
5%
Premier Ener
₹1277.4
-14.2
-1.1%
Enviro Infra
₹292.35
14
5.03%
NSE 52 Week Low
Wabco TVS
₹12143.4
-161.45
-1.31%
BSE 52 Week High
L&T
₹3931.8
-16
-0.41%
Wipro
₹309.85
5.7
1.87%
LT Infotech
₹6615
231.2
3.62%
Max Heal.Ins
₹1119.1
2.5
0.22%
Persi.System
₹6315.6
88.15
1.42%
BSE 52 Week Low
Wabco TVS
₹12136
-173.45
-1.41%
Surak.Diagno
₹405
-5.25
-1.28%
Rossell Tech
₹495.5
-26.05
-4.99%
Capital SFB
₹276.7
1.25
0.45%
MishtannFood
₹8.95
-0.99
-9.96%


Nifty Performance
Nifty 50
₹24648.45
29.45
0.12%
SENSEX Performance
BSE Sensex
₹81631.25
122.79
0.15%
NSE Top Gainers
Shriram Trns
₹3186.2
79.3
2.55%
LT Infotech
₹6540
150.95
2.36%
Bajaj Finser
₹1672
34.95
2.13%
Wipro
₹308.8
5.05
1.66%
Infosys
₹1954.2
30.55
1.59%
NSE Top Losers
Bharti Airte
₹1580.05
-22.5
-1.4%
Trent
₹6874.35
-75.35
-1.08%
Adani Ports
₹1256.5
-10.35
-0.82%
ONGC
₹257.05
-1.85
-0.71%
Tech Mahindr
₹1765.45
-12.4
-0.7%
BSE Top Gainers
ITI
₹396.45
27.5
7.45%
RN Life
₹783.6
49.15
6.69%
WaareeEnergy
₹3126.45
155
5.22%
IIFL Wealth
₹1197.6
58.3
5.12%
FACT
₹1049.45
50.55
5.06%
BSE Top Losers
GlobalHealth
₹1140.8
-38.95
-3.3%
Kalyan Jewel
₹752.45
-22.75
-2.93%
Kansai Nero
₹265.85
-7.3
-2.67%
Cochin Ship
₹1635
-44.05
-2.62%
Bharti Hexa
₹1421.05
-35.5
-2.44%
Commodities
GOLD
₹7756
13
0.17%
SILVER
₹947.3
-1
-0.11%
NSE 52 Week High
Wipro
₹308.8
5.05
1.66%
Max Heal.Ins
₹1117.75
0.8
0.07%
Sagility Ind
₹43.48
2.07
5%
Premier Ener
₹1277.4
-14.2
-1.1%
Enviro Infra
₹292.35
14
5.03%
NSE 52 Week Low
Wabco TVS
₹12143.4
-161.45
-1.31%
BSE 52 Week High
L&T
₹3931.8
-16
-0.41%
Wipro
₹309.85
5.7
1.87%
LT Infotech
₹6615
231.2
3.62%
Max Heal.Ins
₹1119.1
2.5
0.22%
Persi.System
₹6315.6
88.15
1.42%
BSE 52 Week Low
Wabco TVS
₹12136
-173.45
-1.41%
Surak.Diagno
₹405
-5.25
-1.28%
Rossell Tech
₹495.5
-26.05
-4.99%
Capital SFB
₹276.7
1.25
0.45%
MishtannFood
₹8.95
-0.99
-9.96%


Nifty Performance
Nifty 50
₹24648.45
29.45
0.12%
SENSEX Performance
BSE Sensex
₹81631.25
122.79
0.15%

MUST READ
Previous
Sanjay Malhotra appointed new RBI Governor, to replace Shaktikanta DasLG India
paid Rs 323 crore in royalty in FY24RBI’s ECL, LCR proposals may hike credit
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Next
pause

 1. Business News
 2. policy
 3. economy
 4. OECD raises India’s growth estimate to 6.8% for FY25


OECD RAISES INDIA’S GROWTH ESTIMATE TO 6.8% FOR FY25


“GDP IS EXPECTED TO GROW BY 6.8% IN FISCAL YEAR 2024-25, AND THIS MOMENTUM IS
SET TO BE SUSTAINED AT SIMILAR RATES THROUGHOUT FY25 AND FY26,” IT SAID IN A
REPORT.

Written by FE Bureau
Updated: December 5, 2024 14:02 IST

Follow Us

Export growth is projected to pick up slightly, but could be weaker, given
ongoing global tensions, it said. (Representational image: Freepik)

The Organisation for Economic Co-operation and Development (OECD) on Wednesday
raised India’s gross domestic product (GDP) growth forecast to 6.8% from 6.7%,
citing rapid increases in public infrastructure spending and ongoing strong
private consumption growth.

“GDP is expected to grow by 6.8% in fiscal year 2024-25, and this momentum is
set to be sustained at similar rates throughout FY25 and FY26,” it said in a
report. After the GDP rose by 5.4% in July-September year-on-year, the lowest in
seven quarters, analysts feared that FY25 growth may come in below 6.5%.


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Also Read
Don’t miss the resilience beneath the Q2 GDP growth


Strong investment is the main driver of this robust performance, with
accelerating public infrastructure outlays, OECD said. “Vigorous credit growth
is supporting private investment. Farm output is recovering as an above-normal
monsoon is lifting rural incomes, and will soon ease food prices and inflation,”
it said.

Also Read
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Export growth is projected to pick up slightly, but could be weaker, given
ongoing global tensions, it said. Eventual disinflation will create space for
monetary policy easing, it said adding that fiscal policy settings are prudent,
with the general government deficit and debt on persistent downtrends, despite
higher public investment.

Also Read
India’s Growth Forecasts Revised Upward: Seizing Opportunities Amidst Challenges


“Labour supply is becoming a challenge for sustaining rapid GDP growth.
Facilitating further structural shifts out of agricultural employment, including
through improvements in educational attainment will be key. Also, greater focus
is needed on fighting informality, boosting youth employment and raising female
labour force participation,” it said.

The main macroeconomic risks stem from abroad, notably a weaker economic
environment and higher commodity import prices, associated with a worsening
global geopolitical environment or greater protectionism. Competitiveness losses
from comparatively less favourable tariff treatment in export markets could also
prove more harmful, it cautioned.



TOPICSeconomy newsGDP growth
Get Live Share Market updates, Stock Market Quotes, and the latest India News
... Read More and business news on Financial Express. Download the Financial
Express App for the latest finance news. .
First published on: 05-12-2024 at 13:32 IST


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TODAY'S COMMODITY RATE

10 Dec, 2024
Mumbai
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 * Gold(24K)₹7756/gm₹13.00
   Gold(18K)₹5817/gm₹9.70
   Gold(22K)₹7109.7/gm₹11.90
 * silver₹947.3/10GM₹-1.00
 * petrol₹103.5/LTR₹0.00
 * diesel₹90.03/LTR₹0.00

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