India GDP to grow 6.5% in FY25: Ind-Ra
Private final consumption expenditure (PFCE), which accounts for about 60% of the GDP from the demand side, is expected to grow 6.1% year-on-year in FY25.
Private final consumption expenditure (PFCE), which accounts for about 60% of the GDP from the demand side, is expected to grow 6.1% year-on-year in FY25.
As per the survey, new orders across the domestic private sector rose for the 31st successive month.
White Paper exposes the economic instability created by the party till 2014.
The Interim Budget has raised the bar in fiscal governance with a bundle of promises for the full Budget to take India's economy on a new trajectory.
The White Paper is likely to stoke a political storm with the comparative analysis of the 10 years of the Modi regime with the previous 10 years of UPA rule
Why FM Nirmala Sitharaman's Interim Budget sets the tone for continuity during full Budget in July.
Numbers show fiscal consolidation driven by upbeat tax collections and lower borrowings. Focus on capital expenditure and financial inclusion continues.
“We continue on the path of fiscal consolidation, as announced in my Budget Speech for 2021-22, to reduce fiscal deficit below 4.5% by 2025-26," says finance minister.
India's per capita GDP grew 7.9% to a new peak of ₹2.12 lakh in FY24, nearly double of FY16.
In its pre-budget memorandum, CII said that to achieve this target, the government needs to create space for growth, through specific measures to augment revenue and rationalise expenditure.