Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then
Government allocations on health and education do not meet its targets and consistently fall short in terms of actual spending
The last time India's real GDP was at 8 per cent-plus was in 2015-16 (8 per cent) and 2016-17 (8.3%)
Finally, the Budget for 2022-23 has returned to its agenda for protectionism in the name of creating a self-reliant India
This is not a Budget that supports economic recovery, whether through supporting aggregate demand, or through expansionary stimulus
Food, fertiliser, petroleum subsidies were lower in FY23, compared with FY22
There is some concern in the finance ministry about the adequacy of foreign exchange reserves in case there is an unanticipated and large withdrawal of dollars.
FY22 growth may NOW dip to 8.8% vs 9.2% estimated earlier; core growth across eight sectors clocks 8.4%
As per the provisional estimates released in May 2021, the GDP had contracted by 7.3% in 2020-21
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
Gadkari on Sunday said that the central government is working to develop a national highways network of 2 lakh kilometres by 2025.
Raise the tax-GDP ratio to finance rising revenue expenditure
The future of deposits will be an issue for banks. This year, quite ironically, banks have been happy with deposits not growing, as there were few avenues to lend, anyway
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.
The country's annual financial exercise this year, comes at a juncture when the outlook on both, global and domestic growth is uncertain in the context of the pandemic trajectory
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
Annual capital spending on physical assets in India would rise from around $300 billion in 2020 to an average of $600 billion between 2021 and 2050, McKinsey believes
Business Standard brings you the top headlines on Thursday
Cities contribute 80 per cent to global GDP -- but they also account for 75 per cent of global greenhouse gas emissions
Cities contribute nearly 80% to the global economy but they also account for nearly three-fourths of greenhouse gas emissions, a new study showed