For the fiscal year 2023, India's growth is forecast to be 6 per cent.
Biggest upside risks to inflation and growth come from the runaway fuel prices and impact of the war. If the war does not de-escalate in the near term, the impact will be much farther than anticipated
Vice President M Venkaiah Naidu has stressed the need for further investment in agricultural research and extension, to achieve sustainable gains in agricultural productivity.
Sebi has laid down all the necessary frameworks for raising money from the bond market, including newer instruments like municipal bonds and green bonds, Barua said.
The Top contributing job roles in retail include sales & business development, customer service and data analyst/research analyst, says Monster India data.
The state's Finance department has come out with innovative methods to ensure financial prudence while keeping State's economy thriving.
Stressing on the viability of breeding fish in the paddy fields in Telangana, IT Minister KT Rama Rao on Thursday said that if modernity is added to agriculture, it will attract the youth.
The worsening of terms of trade, driven by high commodity prices could have implications for the current account deficit in 2022-23, he said, but it is expected to be comfortably financed.
Similarly, the impact of the third wave, concentrated in the month of January 2022, partially dented the recovery process.
The government has credited better compliance and economic recovery for the significant jump in tax-GDP ratio to 11.7 percent in 2021-22.
Economists have pointed out that the current inflation is largely because of supply-side issues. Hence the weapons in RBI’s armoury may not be particularly effective.
World Bank Chief Economist (South Asia Region) Hans Timmer emphasised that in the long-term, India needs to really work hard to reduce its dependence on fossil fuel and shift towards renewable energy.
The RBI’s balance-sheet increased by Rs 4.7 lakh crore in FY22, registering a growth of 8.3% over FY21.
The GDP growth forecast is based on expectations of a reform agenda and the China-Pakistan Economic Corridor (CPEC) helps boost economic growth.
India, steadfast in its stance of strategic autonomy, finds itself in the spotlight.