The economy is likely to grow at 8-8.5% in FY2022-23 and India is geared up to face the challenges posed by pandemic, the Economic Survey tabled yesterday said. Let's analyse this yearly report card
CII Director General Chandrajit Banerjee said the Economic Survey's GDP growth forecast will catapult India as the fastest growing major economy of the world for two consecutive years
In order to achieve USD 5 trillion GDP by FY'25, India needs to spend about USD 1.4 trillion over this period on infrastructure, according to the Economic Survey
Raise the tax-GDP ratio to finance rising revenue expenditure
The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy, quite often misses on the GDP forecast, sometimes by a significant margin.
Many of their ideas, such as DBT, diesel deregulation, bad bank, flexible inflation targeting have been launched, some of them partially; others such as UBI, printing more money haven't taken off
On a calendar year basis, it projected India's GDP growth at 8.7 per cent in 2022 and 6.6 per cent in 2023
With the worst most likely behind it, the bruised Indian economy looks poised to regain its vitality. We look at the current state of the Indian economy and how some key sectors are performing
Healthy revenues, failing disinvestment, and rise in nominal GDP may take fiscal deficit from the Budgeted 6.8% of GDP to anywhere between 6.9% and 7.3%
There are other metrics too, such as e-way bills, mobility measures and power generation, all of which are used to support the national accounts figures, not replace them
Goyal said monetary-fiscal coordination has worked well and stimulus has been adequate but not excessive
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Savings in some departments may come to govt's aid
Latest live news: Health ministry says 27 districts need to be 'monitored very closely' for coronavirus positivity rates.
For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent
The next policy in February will be come post the Budget announcement. It will be crucial as the state of the economy will be clear as will the action taken by the government to counter Omicron impact
The key message from the December meeting is that monetary policy remains fully geared towards growth
The current account balance is widely expected to turn into a deficit at around one per cent of GDP during 2021-22
Several WHO advisory groups have met over the last couple of days to evaluate the emerging evidence, says Tedros Adhanom
India's GDP grew by 8.4% in the second quarter of this financial year, a major rebound from an economic contraction last year. Let's look at what the growth numbers mean for India's economic recovery