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Between July and September, India's economy slumped to a seven-quarter low of 5.4%, well below the Reserve Bank of India (RBI) forecast of 7%. While it is still robust compared with developed ...
The IMF projects the economy to grow by 6.5% in the fiscal year starting April 1. “Robust 8.4% GDP growth…shows the strength of Indian economy and its potential,” Modi said on X Thursday ...
India’s economy grew by over 8% in the fiscal year to March 31, giving Prime Minister Narendra Modi a boost just hours before national elections draw to a close.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
While the Government of India has pursued ongoing economic reform efforts, it also continues to promote programs such as 'Make in India' (2014) and 'Self-Reliant India' (Atmanirbhar Bharat – May 2020) that seek to increase India's self-sufficiency by promoting domestic industry and reducing reliance on foreign suppliers and imported goods".
The economy of Delhi is the 12th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion [ 1 ] and the Nominal GSDP of the NCT of Delhi for 2023-24 was estimated at ₹ 11.07 lakh crore (US$130 billion) [ 10 ] [ 11 ] recording an annual growth of 9.2%.
At 8.4%, India’s economy expanded at its fastest pace in six quarters, data showed late on Thursday, on strong private consumption and upbeat manufacturing and construction activity. Reuters ...
However, in 2016, the International Monetary Fund, in its regional economic outlook for Asia and the Pacific, said that India's Gini coefficient rose from 0.45 (1990) to 0.51 (2013). [19] According to the 2015 World Wealth Report, India had 198,000 high-net-worth individuals with a combined wealth of $785 billion. [20]