Social media, unhealthy food impacting workers
Says that he was upbeat but cautious about the growth prospects of India while projecting a 6.5-7% GDP growth rate for 2024-25
Survey says nearly 135 mn have emerged from multidimensional poverty
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In FY22 and FY23, clothing was a major driver of inflation
Industry bodies on Monday expressed confidence that India's GDP growth will surpass the 6.5 to 7 per cent forecast by the Economic Survey, and hoped that the upcoming Budget will roll out measures to help unlock the country's growth potential. Reacting to the Economic Survey 2023-24, tabled in Parliament, Chandrajit Banerjee, Director General, CII, stated that it is "pragmatic" in its approach and offers a futuristic vision to move India boldly towards achieving the developed economy status by 2047. "The survey is positive about the India growth story, and I am confident that India's GDP growth for FY25 will surpass the forecast given in the Survey and basis certain conditions, it has the potential to be at 8 per cent," CII President Sanjiv Puri said. Echoing similar sentiments, President of PHD Chamber of Commerce and Industry Sanjeev Agrawal said the Survey conservatively projects a real GDP growth of 6.5-7 per cent, with risks evenly balanced and market expectations on the higher
Public policy should pay particular attention to boosting the tourism sector, Survey notes
Survey shows the way for sustained growth
While services exports may continue to have a competitive advantage, future growth will hinge on domestic consumption and investment demand
The Survey says the idea of economic globalisation has run its course and it may not be reversed fully
The Survey also talked about positive transformations in the regulatory landscape of the service sector which have helped in creating a conducive business environment
Suggests to resolve transfer pricing matters to sustain foreign investor interest
Mission LiFE seeks to promote sustainable lifestyles through mindful utilisation of resources, minimisation of waste, and adoption of green choices
The finance ministry's Economic Survey on Monday suggested that governments renounce some of their powers as it would be good for 'both the governed and the governing'. Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 a day before the Union Budget in the Lok Sabha. While contemplating the challenges that lie ahead, one should not be daunted because the social and economic transformation of democratic India is a remarkable success story, the document, authored by a team lead by Chief Economic Advisor V Anantha Nageswaran, stated. "We have come a long way. The economy has grown from around USD 288 billion in FY93 (1992-93) to USD 3.6 trillion in FY23," it said. India has generated more growth per dollar of debt than other comparable nations and abject poverty has all but been eliminated. Human development indicators have improved, and more Indians, especially women, are getting educated, the 476-page document said. "However, it would be a missed opportunity --
Private gross fixed capital formation must accelerate in machinery, equipment, intellectual property products to create quality jobs
Economic Survey 2024 LIVE news: The Economic Survey stated that short-term inflation outlook benign, but India faces persistent deficit in pulses
Today, the Finance Minister presented the Economic Survey 2023-24. Key takeaways are: India’s GDP is expected to grow to 6.5-7% in FY25.
International experience shows how initiatives at the sub-national level can facilitate resource mobilisation for infrastructure development, the report noted
Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said, "We believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India"
Occupancy rates are over 60 per cent for the third year in a row