
Fuel tax cut necessary to restart consumption: CII President Sanjiv Bajaj
Bajaj calls for collaborative efforts of state and the central governments in cutting taxes.
Bajaj calls for collaborative efforts of state and the central governments in cutting taxes.
The estimated GDP growth of 7.5% for FY23 is likely to create 6 million jobs, which is grossly insufficient, claims CMIE.
Slow consumer sentiments recovery could be detrimental for the already shaken Indian economy as depressed consumer sentiments will impact consumer spending.
Finance ministry is hopeful of Indian economy's resilience on the back of the government’s thrust on infrastructure and the improved corporate profitability.
Inflation will come down from 6.2% in 2021 to 5.4% in 2022 and 4.5% in 2023, says KPMG.
The survey mentions that the Russia-Ukraine conflict is likely to further aggravate price rise through imported commodities.
The rating agency lowered India's GDP growth forecast due to the Russia-Ukraine war.
A closer look beyond the headline numbers reveals that manufacturing and construction still remain a pain point in the economy.
For fiscal 2021-22, real GDP growth estimate was revised downwards to 8.9% compared with the earlier forecast of 9.2%.
Sales tax collection, retail activity and PMIs suggest solid momentum, but high oil prices and supply distortions remain a drag on growth, Moody's says.