Building on the momentum from the previous two quarters, India's economic growth surged to a six-quarter high in the third quarter of FY24, exceeding 8% for the third consecutive time.
The meeting started at 5 p.m. and Chief Minister Nitish Kumar was also present.
As per the First Advance Estimates of National Income of FY 2023-24, presented along with the Finance Minister’s speech, India’s Real GDP is projected to grow at 7.3 per cent.
The healthcare sector has emerged as one of the fastest-growing segments, with the provider segment crossing the $132 billion mark, growing at a CAGR of 16-17 per cent.
The Finance Minister said the corpus will be established with a 50-year interest free loan.
Sitharaman, who reached Srinagar today, also observed that the income tax office will provide an enabling environment for people’s participation in the development of the region.
The UK-India economic relationship is already strong with bilateral trade of over £18bn in 2020, supporting nearly half-a-million jobs in each other’s economies.
Quite the most striking feature of Wednesday's presentation was that cash would be transferred directly to as many people as feasible. This is easier announced than accomplished not the least because the number of potential beneficiaries has been indeterminate even on budget day, let alone the formalities that will have to be observed. The economic condition of the people, most particularly in rural Bengal, has to improve if the state is to be rescued from the cusp of poverty. Dirigisme must of necessity be beneficial.
Major sops for credit relief, funds for health infra and tourism sector
Mr Mitra apprehended that these Plants in Bengal would “either be asset stripped or sold off in the name of disinvestment, having crippled them through the current policy shift”.
