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.
Kerala has announced several initiatives to rebuild its economy, and these include improving technological infrastructure and offering loans as well as interest concessions to companies that wish to relocate to the state.
'This is absolutely correct direction our country is going, for refunds of tax returns filed!'
Home Minister Amit Shah has also praised the Covid stimulus and said that it is a game-changer in health, education and business sectors.
Answering a question raised by a reporter during the press conference, she alleged that Congress is playing politics on the issue of migrants.
In her last four press conferences, Finance Minister Nirmala Sitharaman had briefed about the landmark reforms including MSME sector, agriculture, defence and aviation sector.
