The government has budgeted Rs 2,05,250 crore for food subsidies in the current fiscal, a 3 per cent decrease from the revised estimate for 2023-24
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The brokerage has adjusted its own growth forecast down to 6.7 per cent for the ongoing FY25 and projects a slight increase to 6.8 per cent for FY26, signaling a tempered outlook on India’s growth prospects
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Some high-frequency indicators have, however, shown a slackening of momentum in the second quarter of 2024-25 partly attributable to idiosyncratic factors like unusually heavy rains in August and September
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Asia-Pacific countries, including India, Vietnam, and the Philippines, are expected to be the main drivers of this expansion
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Chambers lauds the Indian government's efforts over the past five years, crediting the administration with setting the stage for India's future economic growth
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The spike in gold imports after the duty cut is likely to bloat the Q2FY2025 current account deficit (CAD) to 2.0 per cent of gross domestic product (GDP) from 1.1 per cent of GDP in Q1 FY2025, says Icra
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Indian economy is expected to grow at an even higher rate of 8.2 per cent in FY2024, as per S&P report
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The highest FDI continues to flow in the services sector, followed by manufacturing (excluding computer hardware)
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Niti Aayog's vision for 'Viksit Bharat' aims for a USD 30 Trillion economy by 2047
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The government is likely to temper down its borrowing compared to the amount pencilled in the interim budget estimates, depending on the magnitude of reduction in the fiscal deficit number
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