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[ad_1] If the NDA points to the pandemic years (2020-21 & 2021-22), the UPA can point to the years of the International Financial Crisis (2008-09) and the 'taper tantrum' (2013-14), Chidambaram argued. [ad_2] Source link https://worldnews2023.com/business/fiscal-deficit-was-4-5-in-upas-terminal-year-its-5-8-in-2023-24-under-nda-chidambaram/?feed_id=319690&_unique_id=670236e8ed4db

[ad_1] Edited By: Namit Singh Sengar Last Updated: February 28, 2023, 17:57 IST Rating agency Icra expected India’s GDP to grow 5.1% in Q3FY23. (Representative image) In the previous quarter ended September 30, 2022 (Q2 FY23), India’s GDP had grown 6.3 per cent. India GDP Q3: India’s latest GDP data for the third quarter of the current fiscal 2022-23 (Q3 FY23) was released on February 28 by the National Statistical Office (NSO). Indian economy grows by 4.4 % in October-December 2022 compared to 11.2 % year ago. India’s economic growth in 2021-22 revised upwards to 9.1 % from 8.7 % earlier. The economy to grow at 7 % in 2022-23, government data said. The central government’s fiscal deficit touched 67.8 per cent of the full-year target at the end of January due to higher expenses and lower revenue realisations, according to official data released on Tuesday. In actual terms, the fiscal deficit or gap between the expenditure and revenue collection during April-January period stood at

[ad_1] During 2022-23, India recorded a growth of 7.2 per cent. Mumbai: India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, given the current level of capital stocks, infrastructure and skill sets of the people, said the article titled 'India @ 100'. Addressing the nation on August 15, 2022 -- the 75th year of India's independence -- Prime Minister Narendra Modi laid down a vision for the next 25 years to become a developed nation by 2047. "India's real GDP needs to grow at 7.6 per cent annually over the next 25 years to achieve the per capita income level to become a developed economy," the article, authored by Harendra Behera, Dhanya V, Kunal Priyadarshi and Sapna Goel, said. The authors are from the RBI's Department of Economic and Policy Research. The central bank said the