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The US Dollar (USD) is digesting some geopolitical news that came out over the weekend and this Monday with tension being pushed back on high alert on Gaza and the Middle East. Israel has released an ultimatum for Hamas to give up the last
The critics, the ministry said, should have looked at other data like purchasing managers' indices, bank credit growth, increase in capital expenditure and consumption pattern to assess the growth.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
India’s gross domestic product (GDP) grew at four-quarter high of 7.8 per cent y-o-y during the April-June 2023 quarter (Q1 FY24) as compared with the 6.1 per cent growth registered in the preceding quarter ended March 2023
The ministry, however, countered it, saying India consistently uses the "income-side approach" to calculate GDP growth for various reasons and it doesn't switch between the income and expenditure-centric approaches, depending on which one is favourable.