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The International Monetary Fund expects India’s economy to expand by 6.7% for the fiscal year through March, while the Modi government has a much higher estimate of 7.6%. The IMF projects the ...
Is the world's fastest-growing big economy losing steam? The latest GDP numbers paint a sobering picture. Between July and September, India's economy slumped to a seven-quarter low of 5.4%, well ...
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 tax rate is 25 percent for domestic companies. For new companies incorporated after 1 October 2019 and beginning production before 31 March 2023, the tax rate is 15 percent. Both rates apply only if a company claims no exemptions or concessions. For foreign companies, the tax rate is 40 percent (50 percent on royalties and technical services).
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%. Growth rate in 2014-15 was 9.2%.
20 July – 2023 Manipur violence: A video of two women being paraded naked and subjected to blatant acts of sexual assault by a group of tribal men in Manipur goes viral, triggering outrage across the country. According to reports, the incident happened on 4 May.
According to Economic Survey 2023, the turnover in the domestic pharmaceutical market was estimated to be $41 billion. [24] India's pharmaceutical exports revenue was $25.3 billion in fiscal year 2022–23, according to the data released by Pharmexcil. [25] India ranked third globally in terms of dollar value of drugs and medicines exports. [26]
The report "Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj" by Thomas Piketty and colleagues highlights several important aspects of inequality in India. By 2022-23, the top 1% of the population controlled 22.6% of the national income and 40.1% of the nation's wealth, marking historically unprecedented levels.