Indian economy – https://bhartiyanews24x7.com

16Apr

By source belowNo Comments

Politics

IMF Raises Growth Forecast For India From 6.5 Per Cent To 6.8 Per Cent For FY24

[ad_1] The International Monetary Fund (IMF) on Tuesday issued a favourable growth projection for India to 6.8 per cent for the 2023-24 fiscal year (FY24). Earlier in January, the global body gave a growth estimate of 6.5 per cent for the economy. The improvement in the estimates was attributed to robust domestic demand conditions and a jump in the working-age population. The IMF further noted that with the estimates, India is set to remain as the fastest-growing economy globally, surpassing China with the second-highest growth rate estimate of 4.6 per cent during the period under review. The growth rate for India for the 2024-25 fiscal year (FY25) is estimated to touch 6.5 per cent, the latest edition of the World Economic Outlook, released by the IMF re...

Cricket World Cup may add $2.6 billion to Indian economy | Cricket News – Times of India

[ad_1] The Cricket World Cup may boost host country India’s economy by as much as 220 billion rupees ($2.6 billion), economists at Bank of Baroda estimate.The quadrennial tournament, which starts on Thursday and runs through mid-November, is expected to draw large numbers of visiting fans domestically and internationally. With the matches played across 10 cities, that will mostly benefit the travel as well as hospitality sectors, wrote economists Jahnavi Prabhakar and Aditi Gupta in a note Wednesday.The event, which is being hosted in India for the first time since 2011, also coincides with the three-month festive season that started in September and will be particularly beneficial for the retail sector as many people will make “sentimental purchases of merchandise,” they added. How the ...

ICC Cricket World Cup 2023: Global giants spend Rs 3 lakh a second on advertising | Cricket News – Times of India

[ad_1] Global companies are spending millions of dollars to get their names seen during the Cricket World Cup in India, with the sporting event representing an opportune moment for brands to tap into the cricket-crazy nation of 1.4 billion people.India will be hosting the tournament, which begins on October 5 and runs through mid-November, guaranteeing sponsors more than a billion viewers across the world from Europe to Oceania. But it's the consumers in the world's most populous nation who are the biggest prize, particularly for foreign brands, said Madan Sabnavis, chief economist at Bank of Baroda.Google Doodle marks the kickoff of ICC Cricket World Cup 2023Brands are likely to spend about 20 billion rupees ($240 million) in advertisement spots on streaming platforms during the tournam...