The deficit widened to 3.34 trillion rupees ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed.
The Rise of Affluent India report noted that the affluent segment — roughly 4% of India’s working-age population — has expanded 12 times faster than overall population in past 4 years.
Govt’s estimates peg economy at $3.57 trillion in 2023-24, which means achieving the $5 trillion mark by next year is nearly impossible. IMF estimates target will be hit by 2026-27.
A team of technically-savvy key personnel with diverse skill-sets has allowed govt and RBI to formulate sound arguments in place of the earlier rhetoric-based rebuttals.
Apart from these factors, in the new year, food prices will continue to be vulnerable to global uncertainties & weather events, while household borrowings from banks will remain steady.
Study by Mastercard Economics Institute said business boomed most on 3 match days: India vs Pakistan, India vs England and final match between India and Australia.
Speaking at Uttarakhand Global Investors Summit, PM Narendra Modi says he will propel India to 'third-largest economy' in next few years, ‘during his third term in office’.
In October, RBI predicted a 6.5% growth in Q2. The relatively strong performance in Q2 comes on the back of 7.8% growth in Q1, taking growth in first half of the financial year to 7.7%.
Indian govt's status paper presents a consolidated picture of country's debt position & emphasises the need to improve liquidity in the debt market by diversifying the investor base.
While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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