Current Account Deficit May Continue to Widen, Need to Closely Monitor CAD: Economic Survey
The growth rate in imports has been faster than that of exports in 2022-23 so far, leading to the widening of the trade deficit.
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The growth rate in imports has been faster than that of exports in 2022-23 so far, leading to the widening of the trade deficit.
In a statement, Indian Sugar Mills Association (ISMA) said sugar production in 2022-23 is estimated at around 340 lakh tonnes after the diversion of 45 lakh tonnes of sweetener towards ethanol manufacturing.
Before the 2024 Lok Sabha elections, this will be the Modi government's final full Budget.
The government has budgeted a fiscal deficit of Rs 16.61 lakh crore or 6.4 percent of the GDP in the current financial year ending March 2023. The deficit is funded by market borrowing.
The production of eight key sectors rose by 5.7 percent in November 2022.