In 2024, the GCC's economy grew steadily, with real GDP rising 3.3% in Q4 and 2.4% over the year, driven by non-oil sectors like manufacturing and trade. Nominal GDP rose 1.5%, reflecting lower oil ...

Even as the real growth rate hit a five-quarter high in April-June quarter this fiscal, nominal growth rate has dipped to a three-quarter low. Fiscal deficit could be impacted if it is lower at an ...

The current financial year 2025-26 has been interesting for many reasons. It started with great relief for personal income taxpayers, as the government announced a rise in the annual exemption limit ...

Buoyed by continued lower inflation, the Indian economy clocked 7.8% gross domestic product (GDP) growth in the first quarter of FY26, a five-quarter high. The number defied expectations of a slowdown ...

MUMBAI, Jan 9 (Reuters) - India's nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ...

The Gulf Cooperation Council (GCC) economies showed steady growth in 2024, with rising contributions from non-oil sectors offsetting a decline in oil output. Real GDP rose 3.3% in the fourth quarter, ...