Key Points
Discrepancies in computation of advance estimates of the countrys Gross Domestic Product for 2023-24 stood at Rs 2.59 lakh crore as against (-) Rs 3.80 lakh crore in 2022-23 and (-) Rs 4.47 lakh crore in 2021-22, according to National Statistical Office (NSO)...
On Friday, the NSO released its first advance estimates of national accounts which showed that the Gross Domestic Product (GDP) or Indian economy will grow at 7.3 per cent in 2023-24, slightly higher than 7.2 per cent in 2022-23...
The NSOs first estimates of national accounts for this fiscal also showed that the countrys gross value added (GVA) will grow at 6.9 per cent 2023-24, lower than 7 per cent in 2022-23...
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GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore
07, Jan, 24The National Statistical Office (NSO) has reported discrepancies in the computation of the Gross Domestic Product for 2023-24, with discrepancies of Rs 2.59 lakh crore compared to Rs 3.80 lakh crore in 2022-23 and Rs 4.47 lakh crore in 2021-22. The NSO's first advance estimates of national accounts showed that the Indian economy will grow at 7.3% in 2023-24, slightly higher than 7.2% in 2022-23.
India's economy grew 6.1% in the January-March quarter. 10 points
31, May, 23India's economy grew 6.1% in the January-March quarter from a year earlier, accelerating from 4.4% in the previous quarter, helped by a pickup in manufacturing activity, government data showed
Gross direct tax collection grows 20% to Rs 19.68 lakh cr, crosses revised estimates target
03, Apr, 23It was observed that the gross collection has exceeded the revised estimates (RE), established on February 1 by Rs 2.41 lakh crore, which is 16.97 per cent. This was due to the boost in personal income tax collection.
‘Comparing apples to oranges’: Why Govt is defending slowing GDP growth
01, Mar, 23The government has said there is "much misunderstanding" of the GDP data for Q3, which shows quarterly growth slowing to 4.4 per cent.
India's GDP growth moderates to 4.4 per cent in Q3; FY23 growth estimate unchanged at 7 per cent
28, Feb, 23“GDP at Constant (2011-12) Prices in Q3 2022-23 is estimated at ₹40.19 lakh crore, as against ₹38.51 lakh crore in Q3 2021-22, showing a growth of 4.4 percent. GDP at Current Prices in Q3 2022-23 is estimated at ₹69.38 lakh crore, as against ₹62.39 lakh crore in Q3 2021-22, showing a growth of 11.2 percent,” a government press release stated.
Govt debt stands at Rs 155.6 lakh cr in March 2023
01, Aug, 23The central government's debt stood at Rs 155.6 lakh crore or 57.1 per cent of the GDP at the end of March 2023, Parliament was informed on Tuesday. The Central Government's debt was Rs 155.6 lakh crore as on March 31, 2023. It has reduced from 61.5 per cent of GDP in 2020-21 to 57.1 per cent of GDP in FY 2022-23, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.
Net direct tax collections rise about 20.7% so far in 2023-24
18, Dec, 23India Business News: A total of Rs 13.7 lakh crore worth direct taxes (net) have been collected so far in current financial year 2023-24, representing a 20.66 per cent inc
Q3 growth at 8.4%: PM Modi says 'GDP data shows strength of Indian economy'
29, Feb, 24India Business News: NEW DELHI: The third quarter Gross Domestic Product (GDP) of FY 24 was at 8.
Direct tax collections exceed estimates in FY24; jump 18 per cent to Rs 19.58 lakh crore
21, Apr, 24Refunds of Rs 3.79 lakh crore issued in FY 2023-24 showing an increase of 22.74 per cent, says CBDT. India’s net direct tax collections surged by a...