Latest from gdp growth
The uptick will boost sentiment in the economy. But a rejuvenation of private consumption and investment is necessary to sustain economic momentum
Published on Mar 01, 2024 09:47 PM IST
GDP growth in the quarter ending December 2023 is 8.4%, almost two percentage points more than the 6.6% number predicted by a Bloomberg poll of economists
World Bank wants to focus on women empowerment and equal opportunity: Official
Published on Feb 26, 2024 10:09 AM IST
The Reserve Bank of India (RBI) has kept the policy rate unchanged for the sixth consecutive time, citing global uncertainty and the need to bring down retail inflation to 4%. The RBI expects GDP growth in the next financial year to be at 7%. The tone of the Monetary Policy Committee's resolution was hawkish, which suggests a delay in rate cuts. The RBI has prioritized inflation targeting over growth due to geopolitical risks and supply-side shocks to food inflation. Despite strong economic growth, the central bank remains cautious about inflation risks.
The BJP will maintain a continuity between the interim and the full budgets for 2024-25 as it is confident of a third-term (2024-29), the three officials said.
Updated on Feb 01, 2024 07:46 AM IST