
Expenditure on Central schemes up 20% in FY24
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
The CII president said that the government’s focus on certain areas can further its reform agenda.
In FY23, the country's GDP growth rate stood at 7.2%, which is higher than the Centre's second advance estimates of 7% and SBI’s forecast of 7.1%.
Most estimates pegged Q4 FY23 growth rate in ballpark of 5%. GDP growth rate in full year 2022-23 stood at 7.2% compared with 9.1% in 2021-22
In the past decade, country has gained major positions in the world order, which are bound to have major impact on macro and market outlook, says a report
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
Among the ten identified states, Andhra Pradesh, Bihar, Rajasthan, and Punjab exceeded both debt and fiscal deficit targets for 2020-21 set by the 15th Finance Commission.
Nirmala Sitharaman says the Modi government’s “past nine years were dedicated to lifting India from the hopeless morass it had been thrown into”
For Q4 FY23, SBI projects the country's GDP will grow at 5.5%.
India, the world's office, will also become a major manufacturer, says Moody's