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.
Good thing is, as the Survey has pointed out, that the Government has the fiscal capacity to maintain the support, and ramp up capital expenditure when required.
Politicians usually prefer policies where benefits are concentrated and costs are diffused famers bills are an example of the opposite kind and in case the FM had so decided, the benefits extended to the poor were likely to fetch votes. But to her credit, she has steered clear of that wasteful trajectory, and in keeping with the governments philosophy, preferred the tougher course instead, by focussing on creating capacity in the economy through a massive boost in capital investment
Addressing the nation on the eve of the 73rd Republic Day, he said it is a testimony to India’s spirit in the face of adversity that the economy is on the move again, after going through contraction last year.
By modernizing and adopting green technological innovations, India's MSME sector can create new economic opportunities and strengthen its long-term competitiveness.
The SJM leader underlined the need for cashing in on the anger of various counties of the world against China.
