Prime Minister Narendra Modi said that India is a welfare state and the government's priority is that the day-to-day life of the common man becomes easy and there is improvement in the quality of his life.
Nirmala Sitharman on White Paper: The budget session started with the address by President Droupadi Murmu to the joint sitting of two Houses on January 31.
The government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23, PTI reported.
The RBI Governor noted that although the world economy is dealing with a number of difficulties, the Indian economy is macroeconomically resilient and has a strong banking system that is sustaining its growth patterns.
The Reserve Bank on Thursday said net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country's domestic financial system remains resilient.
Speaking at a programme organised by Manthan in Hyderabad, Rajan said that if the nation does not expand quicker, it will age demographically before it becomes richer, meaning that there is the burden of an ageing population to deal with at that point.
Mutual fund industry veteran Nilesh Shah said that Indians have spent USD 375 billion on gold imports on a net basis in the last 21 years and added that we keep reading about Customs' gold seizures on a regular basis, which makes it evident that smuggling is rampant.
Indian economy: The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade.
PM Modi has made a strong pitch for altering the approach on climate talks, from restrictive to constructive, and urged nations not to focus on “don't do this or that”. Ahead of the G20 Leaders’ Summit this weekend, PM said there was no “one-size-fits-all” solution to fight climate change.
India remains the fastest-growing major economy as China's GDP growth in the April-June quarter was 6.3 per cent.
In his latest blog post, Prime Minister Narendra Modi mentioned about two research pieces on India's economy.
The IMF projected a growth rate of 6.1 per cent for India in 2023, which is a 0.2 percentage point upward revision compared with the April projection.
In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to decline, approaching pre-pandemic levels as fuel and food prices decline.
India achieved growth of 7.2 per cent in 2022–2023. The GDP growth forecast for the current fiscal year by the RBI is 6.5 per cent.
Putin said that the Indian leadership had created an effective model to bolster local manufacturing capabilities and attract foreign investors, while stressing the need to provide tools for Russian products more efficiently.
In this delicate worldwide milieu, Shaktikanta Das said, adjusting the arrangement compromises, safeguarding macroeconomic and monetary steadiness, supporting certainty and supporting manageable development are first concerns for policymakers the world over.
PM Modi and Prof. Romer held discussions on India’s digital journey, including the use of Aadhar and innovative tools like Digilocker. They also discussed various initiatives being undertaken by India for urban development.
The governor of the RBI stated that the Indian economy had experienced rapid growth and had gradually integrated into the global economy over time.
Rajnath Singh on Indian economy: Defence Minister Rajnath Singh asserted that India has entered its golden age and it is surging ahead at an unprecedented pace to become a developed nation at the end of 'Amrit Kaal' by 2047.
Nageswaran said that the "heartening achievement for the government and economy" of 7.2% GDP growth when he spoke at this event hosted by the Bharat Chamber of Commerce.
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