Food Inflation
The Indian economy faces a multifaceted challenge as food prices continue to rise, exerting significant pressure on households and policymakers alike.
The Indian economy faces a multifaceted challenge as food prices continue to rise, exerting significant pressure on households and policymakers alike.
In light of the recent setback in the general election, Prime Minister Narendra Modi’s government faces the urgent task of revitalising the Indian economy and addressing concerns expressed by voters.
Around 150 years ago, British PM Benjamin Disraeli said: “There are three types of lies ~ lies, damn lies, and statistics” ~ a statement as true today as it was the day it was made. A recent example would suffice.
Green shoots of recovery in rural markets, improving employment conditions and sustained momentum in manufacturing and services sectors augur well for consumption demand in the near term, the report said.
Attacking Congress, he said that they worked to give constitutionally backward class reservation to Muslims.
The better outlook is fueled by lower inflation, robust exports, and increased foreign investments, Hamid Rashid, the chief of the UN’s Global Economic Monitoring Branch, said on Thursday.
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.
