India’s economy to attain size of USD 34.7 trillion by 2047: PHDCCI
The Indian economy is displaying robust growth post Covid pandemic despite continued global headwinds, the industry body said.
The Indian economy is displaying robust growth post Covid pandemic despite continued global headwinds, the industry body said.
The growth projection for the current fiscal is lower than the Reserve Bank of India (RBI) and government’s projection of 7 per cent.
Coming as a positive development for the Indian economy, the Fitch rating agency has raised its estimate for India's economic growth for this fiscal year and next.
She highlighted that the Direct Benefit Transfer of Rs 34 lakh crore using PMJDYY has led to Rs 2.7 lakh crore of savings of the government.
The Finance Ministry’s review of the Indian Economy, a document which runs over 70 pages, takes stock of the state of the country’s economy and its journey in the last 10 years.
Congress-led UPA government had left the economy in tatters in 2014, with 14 quarters of runaway inflation.
The GDP growth of the country was 4.4 per cent in the October-December 2022.
State Bank of India's research report, Ecowrap said that India's growth in fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
He said that India is one of the bright spots in the global economy right now with a high growth rate. "Yes, we have a growth rate for India which is 6.8 in 2022.
The condition of minorities is worsening in Pakistan and their numbers are declining by the day. Minorities in Pakistan are severely charged with minor allegations, leading to punishments like the death penalty.