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Tag: GDP

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Politics

Economic Survey 2024: India To See Slowdown In GDP Growth At 6.5-7 Per Cent In FY25

Finance Minister Nirmala Sitharaman tabled the Economic Survey for the 2023-24 fiscal year (FY24) on Monday. The survey noted that the Indian economy is set to witness a slowdown in growth in the current 2024-25 fiscal year (FY25), even as the performance in the preceding fiscal surpassed market expectations. The survey projected a growth rate of 6.5 per cent to 7 per cent in FY25 for the Indian economy. However, the country clocked a GDP growth rate of 8.2 per cent in the preceding FY24.  Sharing the outlook for the economy, the survey noted, “In the medium term, the Indian economy can grow at a rate of 7 per cent plus on a sustained basis if we build on the structural reforms undertaken over the last decade. This requires a tripartite compact between t...
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Politics

IMF Raises India’s Growth Forecast To 7 Per Cent From 6.8 Per Cent For FY25

The International Monetary Fund (IMF) has increased India's growth forecast for FY25 to 7 per cent, up from the 6.8 per cent projected in April, according to the latest World Economic Outlook released on Tuesday. "The forecast for growth in India has also been revised upward, to 7 per cent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas," the IMF stated. Looking ahead, the global financial institution anticipates India's economy to expand by 6.5 per cent in FY26, maintaining its previous projection from April. This adjustment follows the Reserve Bank of India's upward revision in June, which saw India's growth forecast increase to 7.2 per ...
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Politics

India vs China: What Morgan Stanley said on comparison over infrastructure – Times of India

A recent report by Morgan Stanley states that infrastructure in India has improved significantly in the past few years improvements in India's infrastructure in recent years and when comparing infrastructure scale relative to GDP, it favors India over China, which is often considered a benchmark for large-scale infrastructure development.Meanwhile, the report projects a steady increase in India's infrastructure investment, rising from 5.3 per cent of GDP in the fiscal year 2024 (F24) to 6.5 per cent by fiscal year 2029 (F29), resulting in a robust compound annual growth rate (CAGR) of 15.3 per cent and cumulative spending of $1.45 trillion over the next five years.As of the current fiscal year, India's GDP is 19 per cent of China's. However, the report indicates that India's physical in...
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Life Style

Top Countries hat have good work-life balance

Comments ()Sort: NewestUpVotedOldestDiscussedDown VotedclosecommentsCount: 3000XRefrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. Help us delete comments that do not follow these guidelines by marking them offensive. Let's work together to keep the conversation civil.Be the first one to review.We have sent you a verification email. To verify, just follow the link in the message Source link
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Culture

Video | Startups In Finland: फ़िनलैंड में बढ़ रहे स्टार्टअप के मौक़े, भारतीय लोगों के लिए क्या नयी आशाएं

फ़िनलैंड सबसे ज्यादा ज़ोर नए औद्योगीकरण और नए नए स्टार्टअप्स पर दे रहा है और इसके लिए दुनिया भर से लोगों को बुलाता रहता है. Arctic Fifteen में  मुख्य तौर पर Europe से जो Investors आए हुए है. इसमें भारतीय मूल के भी लोग बढ़ चढ़ के हिस्सा ले रहे हैं, साथ ही भारत के लिए नए स्टार्टअप्स प्लान्स में निवेश के भी आसार दिखाई पड़ रहे हैं  Source link ...
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Uncategorized

Data | The risk of small States’ heavy reliance on the Union government

Small States must prioritise raising their own revenue to reduce their dependency on the Union government The fiscal situation of India’s States has garnered significant attention in recent times. Despite ample data on State finances, most of the analysis is centred around larger States. There needs to be more discussion on the fiscal position of small States (i.e. States with a population of less than 1 crore). Most of these small States have distinctive characteristics that limit revenue mobilisation. Recognising these disabilities, the Constitution has provided mechanisms to address them. But these States continue to rely heavily on the Union government for revenue. This dependence creates vulnerabilities for the States as well as the Union.The total revenue receipts for a State con...
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