
India's GDP outlook ‘bright’; 6.5% growth expected in FY24: FinMin
FinMin says it remains “comfortable” with a 6.5% real GDP growth estimate for FY24, with symmetric risks; forecast aligns with RBI’s GDP estimates
FinMin says it remains “comfortable” with a 6.5% real GDP growth estimate for FY24, with symmetric risks; forecast aligns with RBI’s GDP estimates
Households added net financial assets of ₹22.8 lakh crore in 2020-21, nearly ₹17 lakh crore in FY22 and ₹13.8 lakh crore in FY23.
Govt's GST collection in August declines from ₹1,65,105 crore in July 2023
It may be noted that headline retail inflation in the economy spiked to 7.4% in July 2023, with specific food commodities mainly driving the increase.
In July 2023, though growth prospects have been strong, inflationary pressures have "re-emerged", says the finance ministry in the latest monthly economic review
Net write-off loans by private sector banks was ₹73,803 crore in FY 2022-23
₹2,68,537 crore worth of evasion of GST has been found between 2020-21 and 2022-23
The report comes amidst soaring prices of vegetables and fruits in the past few weeks, owing to supply-chain constraints and weather-related disruptions.
During the month, the revenues from domestic transactions (including import of services) are 15% higher than the revenues from these sources during the same month last year
On foreign players are dominating indigenous innovations like UPI, govt says UPI provides open, level-playing architecture