India's January-March GDP growth seen rising to 5.1%: economists' poll
The statistics ministry will release GDP data for January-March and the first provisional estimate for 2022-23 GDP at 5:30pm on May 31
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The statistics ministry will release GDP data for January-March and the first provisional estimate for 2022-23 GDP at 5:30pm on May 31
India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent of a shock demonetization exercise in 2016.
According to QuantEco Research's economists, air passenger traffic and demand for petrol have fueled urban consumption. However, the sharp increase in interest rates over the past year is expected to weaken consumption this year
The Reserve Bank of India's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down recently elevated short term rates, analysts and bankers said.
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will ......