Key Points
Mumbai, Dec 20 (PTI) GDP growth of 7.7 per cent in the first half of this fiscal has left sceptics gasping and woefully behind the curve, an RBI article said on Wednesday...
The article on the state of the economy published in the Reserve Banks December Bulletin on Wednesday also said CPI-based retail inflation is expected to ease to 4.6 per cent in the first three quarters of 2024-25 from 5.6 per cent in November...
In a latest show of strength and poise, India left sceptics gasping and woefully behind the curve as real GDP clocked a growth of 7.7 per cent in the first half of 2023-24, it said, and added the key value of these numbers lies in what they tell about the future...
Another article published in the Bulletin on Government Finances 2023-24: A Half-Yearly Review said the combined finances of the Centre and the States remained robust in the April-September period of the year...
By reiterating its GFD target of 4.5 per cent of GDP by 2025-26, the Centre has exhibited its firm commitment to fiscal consolidation while at the same time prioritising capital expenditure to drive the recovery in growth and create a virtuous cycle to crowd in private investment...
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