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India's economy slumped to 5.4% , below the central bank's RBI's 7% forecast. ... She expected third-quarter growth to offset the recent decline. India will probably remain the fastest-growing ...
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".
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
The Calcutta High Court issues an order invalidating all Other Backward Classes (OBC) certificates issued by the Government of West Bengal since 2010. [67] 23 May – 2024 Thane explosion: At least nine people are killed and 64 others injured after a fire caused by an exploding boiler breaks out at a chemical factory in Dombivli, outside Thane ...
The 2024 Indian farmers' protest is the second round of continuous protests and road blockades initiated by farmers in the northern states of Punjab and Haryana on 13 February 2024, primarily located at Punjab's Shambhu border. [13]
Corruption in India is an issue which affects economy of central, state, and local government agencies. Corruption is blamed for stunting the economy of India. [1] A study conducted by Transparency International in 2005 recorded that more than 62% of Indians had at some point or another paid a bribe to a public official to get a job done.
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [62]
To enable better living and drive economic growth stressing on the need for people centric urban planning and development. It envisages a "Slum Free India" in which every citizen has access to basic civic infrastructure and social amenities. [70] By March 2024, 56,20,000 units had been delivered to beneficiaries. [71] Atal Pension Yojana