March 30, 2026

GDP

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From recession fears to double-digit GDP growth, Elon Musk ‘shares good news’ for Americans with one of the biggest US investors

contact@dailyupdatesindia.com04 mins

Elon Musk predicts a significant economic boom for the US, forecasting double-digit GDP growth within 18 months, driven by advancements in artificial intelligence. He believes AI will act as a productivity proxy, potentially leading to triple-digit growth in five years. This optimistic outlook contrasts with concerns about wealth disparity and economic risks. Tesla CEO Elon…

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‘Economic golden age’: Donald Trump hails Q3 GDP beat as proof of tariffs push; inflation and jobs data add caution

contact@dailyupdatesindia.com03 mins

US President Donald Trump on Tuesday seized on stronger-than-expected third-quarter growth to claim an “economic golden age,” arguing that tariffs and his tax policies were driving a sharp acceleration in activity even as official data pointed to lingering inflation pressures and a softening labour market.In a post on Truth Social, Trump said the US economy’s…

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US markets today: Wall Street holds near record highs; strong GDP growth lifts bond yields

contact@dailyupdatesindia.com03 mins

US stocks were largely steady near record levels in early trade on Tuesday after government data showed the American economy expanded at a stronger-than-expected pace in the third quarter, pushing Treasury yields higher even as equity moves stayed muted in holiday-thinned trading. The S&P 500 hovered close to its all-time high set earlier this month,…

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Stats overhaul: New inflation and GDP base year series slated for February; IIP to follow in May

contact@dailyupdatesindia.com02 mins

India’s key macroeconomic indicators are set for a base-year reset early next year, with the government announcing timelines for releasing new series of retail inflation, national accounts and industrial production data, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said on Monday that a new series of Consumer Price Index (CPI) data, reflecting a…

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Govt to revise GDP base to FY23 to reflect economic changes: FM Sitharaman | India News

contact@dailyupdatesindia.com02 mins

Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman Wednesday said that govt is moving to update the base year for calculating GDP to 2022-23 instead of 2010-11 and dismissed concerns over an IMF report’s reference to India’s data quality.The new base, which will also come with a revised basket to goods and services,…

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‘Outdated base year’: FM Sitharaman explains IMF’s ‘C’ grade on national accounts; says GDP growth figures not questioned

contact@dailyupdatesindia.com03 mins

Finance Minister Nirmala Sitharaman (File photo) Finance Minister Nirmala Sitharaman on Wednesday clarified that the International Monetary Fund (IMF) did not question India’s growth figures, and said the Fund’s ‘C’ grade on national accounts stems solely from the use of an outdated base year. She said the IMF, in fact, acknowledged India’s healthy economic performance…

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Stock market today: Nifty50 above 26,250; BSE Sensex near 86,000 as 8.2% GDP growth lifts sentiment

contact@dailyupdatesindia.com03 mins

With strengthening expectations of global rate cuts and India’s growth prospects validated by robust GDP figures, market experts indicate a favourable medium-term market outlook. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday on the back of strong domestic fundamentals and better-than-expected GDP growth numbers….

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