Key Points
Three, it gives RBI more flexibility to manage rupee..
It is a matter of considerable cheer for those who have the luxury of knowing the rate of. rather than by lived experience that Indias pace of economic expansion is accelerating, even as the rest of the world scrambles to avert recession...
By forecasting the growth rate of the economy for the present fiscal year, which will conclude by the end of this month, at 7.6%, faster than the 7% achieved in the previous fiscal, CSO has accomplished several things..
One, it gives a shot in the arm to. s credibility as a good manager of the economy; two, it encourages private industry, whose contribution to fresh investment and capital formation has been rather anaemic so far, to commit to expanding capacity and building infrastructure, now that growth is a reality rather than a tantalising prospect; and, three, it gives RBI some additional leeway in stabilising the rupee, even if a flood of external capital gushes in, chasing returns offered by fast growth..
You might be interested in
Fiscal consolidation takes centre stage in interim budget
04, Feb, 24The budget, with its focus on fiscal prudence, sets the stage for a harmonious interplay between the government and private sector dynamics, promising economic growth in the upcoming fiscal landscape
What does the interim budget do to boost growth?
02, Feb, 24Deleveraging of corporate balance sheets and easing global commodity prices have boosted profitability and created private sector appetite for investment | Latest News India
Political pointers in GDP numbers
02, Dec, 23Healthy economic momentum is good news for government, will shape 2024 poll narrative
Predictions for 2024: Revival of private capex to be the defining trend, says Kumar Mangalam Birla
01, Jan, 24At its core, private investment is a vote of confidence in the economy. It drives innovation, creates employment, and stimulates economic activity. In 2024, as private investments gain momentum, we will see a ripple effect across various sectors — from manufacturing to technology, from infrastructure to renewables, says Kumar Mangalam Birla.
Private investment unfolding at a steady pace: CEA V Anantha Nageswaran
25, May, 23“Private investment is not just something that we are waiting for. It is unfolding, but unfolding at a steady pace, which is good enough for us,” Nageswaran said at an event organised by CII.
Nirmala Sitharaman: Domestic consumption, investment demand will drive growth
13, Oct, 23Calling for timely consensus on the transformation of the World Bank for accelerating progress towards the achievement of the 2030 Sustainable Development Goals (SDGs), Sitharaman during her in her address at the meeting of the World Bank's Development Committee, said, The government has already taken pre-emptive measures to restrain food inflation which is likely to subside price pressure in the market soon.
India's road map for $5-trillion economy focusses on growth and ‘all-inclusive welfare’: Finance Ministry
01, Aug, 23The Indian government's road map to make India a $5 trillion economy focuses on macro-level growth and all-inclusive welfare on the micro level, according to Minister of State for Finance Pankaj Chaudhary. The plan aims to create a virtuous cycle of investment and growth and prioritises digital economy and fintech, technology-enabled development, energy transition and climate action.