China’s travails
As China’s rubber-stamp parliament convenes in Beijing, the world watches with a mix of anticipation and concern, dissecting the economic roadmaps and power dynamics laid bare in the highstakes political theatre.
As China’s rubber-stamp parliament convenes in Beijing, the world watches with a mix of anticipation and concern, dissecting the economic roadmaps and power dynamics laid bare in the highstakes political theatre.
Real GDP is estimated to attain a level of Rs 171.79 lakh crore, as against the Provisional Estimate of GDP for the year 2022-23 of Rs 160.06 lakh crore, released on 31 May, 2023.
Modi reiterated that India’s growth story is based on the government’s top priority to policy, good governance and the welfare of the citizens.
The Indian economy emerges as a beacon of resilience, standing strong despite the headwinds of a global economic slowdown.
Despite high-income countries claiming that they have achieved green growth and reduced carbon emissions, a new Lancet study has challenged…
1. According to the SBI's research report Ecowrap - the gross domestic product (GDP) growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21. 2. The report further said COVID-19 cases in the country could peak anytime in the last week of June.
The outlook of inflation also remains "highly uncertain", RBI Governor Shaktikanta Das said while announcing a 40-basis point cut in the repo rate as part of the monetary measures to deal with the current crisis.
In its update on Global Macro Outlook, Moody's said India's economy has decelerated rapidly over the last two years and expects economic recovery to begin in the current quarter.
Abhijit Banerjee, during an address at the Kolkata Literary Meet, also said the priority of the government should be on refinancing the banking sector, which is in 'doldrums'.
The labour productivity growth in the current financial year (FY19) is at 5.2 per cent.
