''We are aligned with the mission of Viksit Bharat...,'' she said
These two metrics, while similar on the surface, provide different perspectives on economic health and growth trends
The government must focus on improving governance and performance at PSUs and public sector banks (PSBs)
Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP, respectively
The Budget had assumed nominal GDP to grow 10.5 per cent for FY25
NSO data shows that the share of GFCF, a proxy for infrastructure investment in the economy, is expected to fall to 30.1 per cent of GDP in FY25 from 30.8 per cent in FY24 in nominal terms
Rural demand, services sector may lift H2 showing
Expectedly, urban households display a greater inclination to adapt their investment choices to dynamic economic conditions
The Central government debt is projected to decline from 58.1 per cent of GDP in 2023-24 to 56.8 per cent in 2024-25
Industry must invest in technology and international sales, economic policy must focus on structural change and productivity, and politics on ideas
Next time the GDP numbers are announced, the slowdown could be attributed to global economic weakness, rising oil prices, or another drop in domestic capex
While the economy is expected to recover in the second half, growth for this full financial year will be slower than initially projected
The latest RBI study showed that the adoption of fiscal-responsibility rules had helped states
Targets fiscal deficit 'lower than 4.5% of GDP'
The Ministry pointed out that revenue receipts in the first half of the year, at almost 52 per cent of Budget Estimates, were above the five-year rolling average
In 2025, macro policies will need to support domestic demand, but without compromising on macrofinancial stability risks
Decentralising local governance is crucial to empowering municipal bodies with greater administrative autonomy and financial independence
Some technical factors, such as net product taxes and the GDP deflator, have also disrupted GDP's trajectory
The policies of the first decade-and-a half of planned development are better characterised as Nehruvian Humanism
For growth to be sustainable, it must be financed by higher gross domestic savings because there is not much space to do so through external borrowing