GDP Growth Forecast - 6.3-6.8%, Inflation Remains Stable: Survey
The projected GDP growth of 6.3% to 6.8% will be the most low since 2020-21—the Covid year—when India recorded a contraction of 5.8%.
The projected GDP growth of 6.3% to 6.8% will be the most low since 2020-21—the Covid year—when India recorded a contraction of 5.8%.
However, due to the economic slowdown, the bank expects the government to lessen the pace of fiscal consolidation this year to 0.3% of GDP.
In separate notices, the BSE and NSE have given the confirmation that the stock markets will be open for trading on that Saturday because of the Union Budget.
The decline in gold prices predominantly affects Indian households, which collectively hold some of the largest gold reserves globally. Currently, Indian households possess approximately 11 percent of the world's total gold
Chidambaram voiced apprehensions regarding the unemployment rate, citing figures from the Centre for Monitoring Indian Economy (CMIE) that reported a 9.2% rate in June 2024.
The BJP will face a series of crucial state elections in coming months including in Maharashtra, Haryana and Delhi. To bolster its chances, economists expect the government to increase cash handouts
The Prime Minister chaired the meeting, which included Finance Minister Nirmala Sitharaman, Chief Economic Adviser V Anantha Nageswaran, Cabinet Secretary Rajiv Gauba, and NITI Aayog officials