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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]
The 2023 Union Budget of India was presented by the Minister of Finance of India on February 1, 2023. This was the fourth budget of Narendra Modi-led NDA government's second term, starting from 2020. The Economic Survey for 2022–2023 was released on January 31, 2023 before the budget.
The document is the Ministry's view [clarification needed] on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the ...
India’s poised for about 8% growth this year,” Subramanian, who is also a former chief economic adviser to the Indian government, told CNBC’s “Squawk Box Asia” on Friday.
The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably, India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has "magnified pre-existing risks to India's economic outlook".