After a dip in FY21 due to Covid-19-induced lockdowns, per capita GDP increased again in FY22 as economic activity picked up pace. Per capita consumption expenditure, a key indicator of household spending, also contracted in FY21, before regaining momentum in FY22. However, the government needs to boost consumption to accelerate further growth.
The fourth quarter GDP growth surprised positively at 6.1% YoY versus its 5.4% estimate, says Prithviraj Srinivas, Chief Economist, Axis Capital.
For FY23, the economic growth is estimated at 7.2%, up 20 basis points than Centre's second advance estimates, but is down from 9.1% in FY22
The application will be received by India Semiconductor Mission (ISM), which is the governing body of the Modified Semicon India Programme.
The scheme will promote large-scale manufacturing in laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices
The fourth quarter GDP growth surprised positively at 6.1% YoY versus its 5.4% estimate, says Prithviraj Srinivas, Chief Economist, Axis Capital.
For FY23, the economic growth is estimated at 7.2%, up 20 basis points than Centre's second advance estimates, but is down from 9.1% in FY22
The application will be received by India Semiconductor Mission (ISM), which is the governing body of the Modified Semicon India Programme.
The scheme will promote large-scale manufacturing in laptops, tablets, all-in-one PCs, servers, and ultra-small form factor devices
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