MUMBAI (Reuters) - Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in the first quarter and strong
It should be cause for worry that, by latest quarter, agriculture had become 25% bigger than manufacturing. This is the exact opposite of what 'Make in India' intended.
The government had in February estimated GDP growth for 2022-23 to be 7%. The higher-than-expected actual performance is largely due to a strong cross-sector showing in Q4.
BRICS countries overtook G7 in 2020 by making up a larger share of global GDP in PPP terms, with China & India respectively in second and third positions globally that year.
Research agency says India showed more resilience during Covid than earlier thought & strong corporate balance sheets, govt capex push, and robust banking sector should support growth.
The sharp fall in year-on-year growth rate is also partly due to a fading of pandemic-induced base effects which had contributed towards higher growth figures in fiscal 2021/22.
Government capital spending increased more than 40% during the quarter as it stepped up expenditure on roads to railways, according to official data on Wednesday.
Victory has been declared in all kinds of areas, from the quality of our airports to vaccination numbers. But there is also much that is wrong, much that looks dangerous.
The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?
RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
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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