The Indian economy is likely to grow at over 7 per cent in the coming years and is expected to become the third-largest economy in the world in the next three years, with a GDP of $5 trillion, driven by domestic demand along with supply-side measures such as investment in infrastructure and measures to boost manufacturing, the Ministry of Financ
Finance Minister has presented the Union Budget 2023 in Parliament. Among the key takeaways are big incentives under the new income tax regime and a big push in capex. As the Finance Minister presented the Budget, equity benchmarks Sensex and Nifty gained momentum in morning trade.
India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally, said the Economic Survey 2022-23 tabled in the Parliament on 31.01.2023.
States/UTs need to manage its ground water resources said the Economic Survey 2021-22 tabled in Lok Sabha, Jan 31, 2022. Over-exploitation of ground water resources, i.e. extraction exceeding the annually replenishable ground water recharge is concentrated in north-west and parts of southern India
The Economic Survey 2020-21 has predicted a "V-shaped" economic recovery for the nation, spurred by COVID-19 vaccination programme. India had started the world's largest coronavirus inoculation drive on January 16 month with healthcare workers and frontline workers.
Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19. Rs 40,000 crores increase in allocation for MGNREGS to provide employment boost. Public Expenditure on Health will be increased.
Infrastructure investment in India between fiscals 2013 and 2017 was estimated at Rs 57 lakh crore ($ 1.1 trillion at different annual exchange rates). The infrastructure investment was Rs ~36 lakh crore (at current prices) during fiscals 2013-17 or ~5.8% of gross domestic product (GDP).
National Infrastructure Pipeline (NIP) is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure across the country, and improve the quality of life for all citizens.
In the case of Zambia, The IMF projects that the economy will grow by a negative 2.6% in 2020 from the earlier projection of 3.6%. The economic adjustments due to COVID-19 will result in a severe drop in revenue. It is estimated that the budgeted revenue will fall short of target by at least K14.8 billion or 19.7 % of the approved 2020 budget.
