Domestic rating agency CRISIL has estimated FY23 real GDP growth at 7.8 per cent as compared with the 8.5 per cent projected in the Economic Survey. Estimating the growth to slow to 7.8 per cent in FY23 from the 9.2 per cent in FY22. Finance Minister Nirmala Sitharaman’s Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation are aimed in the right direction.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The agency said global growth is expected to slow this year as major economies see a withdrawal of monetary and fiscal stimulus. It will have a direct bearing on India’s growth prospects as exports have been a key demand driver of domestic growth during the pandemic.
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
The FIFA World Cup 2026 has entered the most dramatic and thrilling stage of the…
National News Centre of Excellence for Human Wildlife Conflict Management Inaugurated The Centre of Excellence…
For the fifth time a row, the Indian Air Force (IAF) has clinched the third…
According to a recent report by the UN Women agency, at least one million women…
India and New Zealand have upgraded their relationship into a Strategic Partnership by launching an…