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GSDP GROWTH PROJECTIONS
States' capital outlay to accelerate to 10-12% on Centre support in FY27, urban infra to lead: CrisilStates' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by higher central assistance and greate...- Mizoram targets 5–7% tourism share in GSDP by 2047, opens new investment pathwaysMizoram plans to enhance tourism's contribution to its economy by leveraging cultural and natural assets. The government is executing touri...
- Tamil Nadu scraps plans for greenfield airport in Parandur, risks falling a decade behind rival aviation hubsTamil Nadu, a $400 billion-plus economy with more than 10% annual growth, lacks an airport that matches its economic scale. Chennai’s Meena...
- Assam’s greatest resource for industrialisation is its human resource: Finance Minister Jayanta MallabaruahAssam's Finance Minister Jayanta Mallabaruah emphasized the role of human resources in driving the state's industrialization efforts. The g...
- States' revenue growth to accelerate 9-11% as GST collections rise 16% in first five months: CrisilRevenue growth for 18 major Indian states is projected to accelerate to 9–11% in fiscal 2027, taking combined revenues past ₹44 lakh crore,...
- ‘Viksit Bharat depends on Viksit Rajya’: CEA calls for more private capital, higher state capexChief Economic Adviser V Anantha Nageswaran said India will need greater private-capital participation to finance its development ambitions...
- Investment for Viksit Bharat needs significantly greater participation by pvt capital: CEA NageswaranIndia’s large savings base needs to grow further, but significantly greater private-sector participation will be essential to mobilise the ...
- Private sector investment key for Viksit Bharat: DEA secretaryPrivate sector financing is crucial for India's ambitious Viksit Bharat vision. Government budgets alone cannot meet the scale of transform...
- Assam CM highlights state’s emergence as gateway to ASEAN, invites global industry to investAssam's Chief Minister invited global businesses to explore investment opportunities in the state. He highlighted Assam's strategic locatio...
- West Bengal needs 7.25% annual growth to achieve 5X economy by 2047: ORF reportA report details West Bengal's path to a fivefold economy by 2047. It identifies growth gaps and proposes six pillars for development. The ...
- TVK’s Rs 79,219 crore spending push raises fresh concerns over Tamil Nadu financesThe Tamil Nadu government announced a massive Rs 79,219 crore budget for development projects. This spending faces criticism amid concerns ...
- India's coastal security to see serious action in next two years: Amit Shah says MHA will move forward 'very seriously'Amit Shah emphasised the need to strengthen coastal security over the next two years. He called on Western states to take the lead in imple...
- CAG report flags fall in Delhi’s contribution to national GDPA CAG report shows Delhi's GSDP growth was slower than the national economy. Revenue receipts grew, driven by tax collections, while non-ta...
- Karnataka’s GSDP at 10.2% outperforms national average of 8.2%, says CM, dismisses NSE projectionKarnataka's GSDP growth rate of 10.2% in FY 2023-24 outperformed the national average of 8.2%, amid challenges like drought and global IT s...
- Tamil Nadu economy may grow to $2.6 trn by 2047-48: ReportTamil Nadu's GSDP is projected to reach USD 2.6 trillion by 2047-48, requiring a capital expenditure of USD 111 billion. The state is the s...
- Maharashtra economy expected to grow by 6.8 per cent in 2022-23: Economic SurveyMaharashtra's economy is expected to grow by 6.8% in FY 23, as opposed to the projected growth of the Indian economy by 7%. The agriculture...
- UP government likely to miss budgeted revenue surplus by wide margin: India RatingsWhile the state has budgeted a revenue surplus of 2.8 per cent of the GSDP, the agency expects it to be at just about 1.4 per cent in FY24....
- In fiscal 2020–21, Mizoram's GSDP increased by 15.62%: CAG ReportThe state's GSDP at current prices increased at a pace ranging from 12.76% to 15.62% between 2016 and 21 according to the report that Chief...
- Delhi's economy estimated to grow at 12.76 per cent in 2016-17The report pegged Delhi's tax collection at 20.84 per cent in the current year, but there has been a reduction in its revenue surplus.
- Restore fiscal order: Finmin to statesIn line with 13th Finance Commission recommendations, states told to cap borrowings between 3 & 3.5% of GSDP in FY12.
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