Moody: India’s GDP crossed $3.5 trillion mark in 2022

[NG Missile Vessels]

Reserve Bank of India projection for India Q1 2023 economic growth is 5.1 % which is still within my projection. We will see real number soon in the end of this month.

Q4 FY 2022-23

 

[CallSignMaverick]

There are two types of statistics in this world.​

One is normal statistics, and the other is Indian statistics.​

I just found out that Indians actually count the mileage of highways based on the number of lanes. A 4-lane highway is actually counted as the mileage of the lanes multiplied by 4.​

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Govt Shifts to ‘Lane Kilometre’ Concept to Calculate Road Length​

Govt Shifts to ‘Lane Kilometre’ Concept to Calculate Road Length

Minister of Road Transport and Highways, Nitin Gadkari, announced that the government has adopted a new lane-kilometre method to measure its highways, instead of the earlier used linear method.

www.google.com.hk

View attachment 931762

Why? Just because it inflates the number doesn't mean it is wrong, since the term is also replaced with lane kilometres. You can construct a dozen lane road between Delhi and Kolkata of 1500km total length, but the same will be true for a single 1500km lane built between Delhi and Kolkata.

 

[migflug]

Reserve Bank of India projection for India Q1 2023 economic growth is 5.1 % which is still within my projection. We will see real number soon in the end of this month.

Our Q1 begins on April 1 and Q4 ends on March 31. As per RBI, our Q4 growth would be 5.1%(which is Q1 in many countries, while many are predicting between 4.9 to 5.5%.

India’s Q4 FY23 growth pegged at 5.5%, FY23 growth at 7.1%: SBI Ecowrap

This is in line with the advance estimates released by the National Statistical Office (NSO) in January that pegged the growth for the year ended March 31, 2023, at 7 per cent.

www.businesstoday.in

RBI has estimated Q4FY23 Real GDP growth to be 5.1 per cent and full year FY23 estimates by NSO is 7.0 per cent. For 2023-24, RBI is projecting GDP growth at 6.5 per cent with Q1 pegged at 7.6 per cent. SBI’s ANN (Artificial Neural Network) model, based on 30 high frequency indicators from key sectors, and tuned/trained to project the GDP numbers forecasts the quarterly GDP growth for the Q4FY23 at 5.5 per cent. At this rate, India’s GDP growth for FY23 is likely at 7.1 per cent

https://www.financialexpress.com/economy/q4-growth-seen-under-5-fy23-figure-sub-7/3100806/

 

[Puffin]

India doubles its share of global commercial services exports between 2005 and 2022: World Bank & WTO report​

The report titled 'Trade in services for development' also said that in India, South Africa and Türkiye, jobs directly linked to cross-border services exports account for more than 10% of total services sector jobs​

July 04, 2023 12:32 am | Updated 12:32 am IST - New Delhi

Image used for representative purpose only.| Photo Credit: REUTERS
India has doubled its share of global commercial services exports to 4.4% in 2022 from 2% in 2005, according to a World Bank and World Trade Organization (WTO) report.

https://www.thehindu.com/business/Economy/india-doubles-its-share-of-global-commercial-services-exports-between-2005-and-2022-world-bank-wto-report/article67038912.ece

 

[beijingwalker]