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 report suggests that computers and electronics exports from Vietnam, India, and Taiwan to the US witnessed the steepest growth during this period with a CAGR of 42%, 38%, and 27%, respectively.
RBI says fintechs will provide information voluntarily to the proposed repository, which will help in designing policies
While it is too early to conclude, risk management practices are getting better, says RBI deputy governor Swaminathan Janakiraman
At present, the UPI transaction limit, excluding capital markets, collection, retail direct scheme and IPO (initial public offering) subscription, has been capped at ₹1 lakh.
The report suggests that computers and electronics exports from Vietnam, India, and Taiwan to the US witnessed the steepest growth during this period with a CAGR of 42%, 38%, and 27%, respectively.
RBI says fintechs will provide information voluntarily to the proposed repository, which will help in designing policies
While it is too early to conclude, risk management practices are getting better, says RBI deputy governor Swaminathan Janakiraman
At present, the UPI transaction limit, excluding capital markets, collection, retail direct scheme and IPO (initial public offering) subscription, has been capped at ₹1 lakh.
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