Economy is expected to show same rate of yr-on-yr expansion for 2023-24 financial year, she added, citing impact of improved inflation management & macroeconomic stability.
Fitch had previously forecast growth of 8.7% in 2021-22. However, it has raised the economic growth projection for the next financial year to 10.3%, from previous forecast of 10%.
Data on the annual national income and GDP 2019-20 was released by the Ministry of Statistics and Programme Implementation. The per-capita income is a crude indicator of a country's prosperity.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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