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India's economy pegged to grow at 7.3% this year | Latest News India

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 world s 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 and trade sectors have seen a decline in economic momentum. | Latest News India ....

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Rising Covid cases a major downside risk to India's growth: FinMin report

A major downside risk to India s 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 pandemic at bay until a critical mass of inoculated population builds up immunity to control the growth of infection in the country, the department of economic affairs said. ....

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