Advanced Estimates News Today

The Indian economy is expected to grow at a rate of 7.3% in the fiscal year 2023-24, surpassing earlier forecasts by the IMF, RBI, and research firms. The growth is driven by government investment and spending, making India the worlds fastest-growing major economy. However, concerns remain about the low private consumption growth and the tepid nominal GDP growth, which could impact tax collections and fiscal deficit. The sector-wise breakdown shows an increase in manufacturing, while agriculture...

A major downside risk to Indias economic growth continues to be the pandemic-induced morbidity and the rising coronavirus cases that has elevated health stimulus as a key macroeconomic lever for India’s continued recovery, the finance ministry said in its monthly economic review report for February. "While India continues to avoid the second wave of pandemic, there has been a surge in cases in eight states underscoring once again the inevitability of social distancing in keeping the pandemi...