Key Points
Escalation of the recent conflict in the Middle East, financial stress, persistent inflation and a slowdown in international trade are downside risks for global growth...
Among advanced economies, US, UK and Euro area growth is projected at a mere 2.6, 0.4 and 0.7 per cent respectively.. Recently, the IMF, World Bank and rating agencies like Moody's, S&P and many others have revised India's growth upwards...
So we need to have greater sophistication in our product manufacturing and we also need to see how this can be given the best policy support, IMF estimated that India's contribution to the global growth for five years beginning 2023, will be 18 per cent, So, between 2023 and 2028 we are looking at an India which will be dynamic contributing to 18 per cent to the global growth."..
The new EV policy allows the import of completely built units (CBUs) at a concessional 15 per cent duty for five years if a company invest USD 500 million in setting up a manufacturing unit in India...
The recent CPI data of India indicates higher growth in consumer demand from the rural market, it indicates a bigger growth potential in years to come...
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India’s share in global exports in labour-intensive sectors declining in last 5 years: FIEO
01, Oct, 23India’s labour-intensive export sectors such as apparels, marine products, plastics, and gems and jewellery are showing a "troubling pattern" as the country is experiencing a decline in global market share across these segments during the last five years, a FIEO report has said.