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 extent to which a given challenge in the economy is cyclical or structural, has major implications for the effectiveness of monetary and fiscal policy.
Imposition of formal rights and digital compliance mechanisms introduces new expectations for both employers and workers. This transition will require sustained awareness efforts.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Speaking to ThePrint, Salman Akram urges dignity in tragedy, recalling the loss of his brother, Wing Commander Nauman Akram, in similar crash & the mockery his family faced after.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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